JOF vs HIO
Comparison between Japan Smaller Capitalization Fund Inc (JOF, ETF) and Western Asset High Income Opportunity Fund Inc (HIO, ETF).
5-Year PerformanceJOF has outperformed HIO, delivering a return of +11.1% compared to +2.6%
JOF vs HIO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
JOF vs HIO - Historical Returns
Returns include dividend reinvestment.
JOF vs HIO - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | JOF | HIO |
|---|---|---|
| 2026 | +12.31% | +3.50% |
| 2025 | +50.68% | +4.24% |
| 2024 | +5.64% | +11.22% |
| 2023 | +20.84% | +9.15% |
| 2022 | -17.17% | -16.61% |
| 2021 | -5.68% | +13.00% |
| 2020 | +4.08% | +6.07% |
| 2019 | +15.72% | +22.81% |
| 2018 | -16.43% | -8.66% |
| 2017 | +40.89% | +7.03% |
| 2016 | +5.37% | +17.18% |
| 2015 | +24.58% | -5.50% |
| 2014 | +0.35% | -3.52% |
| 2013 | +27.75% | -2.90% |
| 2012 | +0.20% | +12.31% |
| 2011 | -20.53% | +9.77% |
| 2010 | +20.38% | +11.29% |
| 2009 | -2.21% | +61.70% |
| 2008 | -21.92% | -26.06% |
| 2007 | -29.27% | -2.65% |
| 2006 | -10.36% | +22.13% |
| 2005 | +25.43% | -1.20% |
| 2004 | +13.19% | +2.18% |
| 2003 | +76.38% | +24.35% |
| 2002 | +6.09% | -7.05% |
| 2001 | +0.04% | -1.23% |
| 2000 | -46.26% | +11.80% |
| 1999 | -10.46% | -3.82% |
JOF vs HIO Drawdown Comparison
The maximum drawdown for JOF was -65.75%, occurring on Nov 20, 2008. Recovery took 2983 trading sessions.
The maximum drawdown for HIO was -49.61%, occurring on Nov 20, 2008. Recovery took 554 trading sessions.
The current JOF drawdown is -3.70%. The current HIO drawdown is -1.89%.
| Rank | JOF | HIO |
|---|---|---|
| #1 | -65.75% Sep 29, 2005 - Aug 7, 2017 | -49.61% Jun 1, 2007 - Aug 12, 2009 |
| #2 | -58.12% Nov 5, 1999 - Mar 17, 2004 | -40.57% Feb 20, 2020 - Aug 24, 2020 |
| #3 | -42.14% Jan 17, 2018 - Mar 12, 2025 | -32.15% Feb 15, 2001 - Jun 12, 2003 |
| #4 | -30.52% Apr 12, 2004 - Sep 12, 2005 | -26.19% Sep 9, 2021 - Sep 16, 2024 |
| #5 | -17.23% Feb 23, 2026 - Mar 20, 2026 | -20.75% Jun 18, 2014 - Aug 18, 2016 |
| #6 | -9.79% Mar 27, 2025 - Apr 22, 2025 | -16.72% Jan 20, 2004 - Nov 4, 2004 |
| #7 | -8.29% Sep 17, 2025 - Nov 28, 2025 | -15.95% Jul 31, 2000 - Jan 10, 2001 |
| #8 | -6.41% Apr 5, 2004 - Apr 12, 2004 | -15.05% May 12, 2011 - Jan 13, 2012 |
| #9 | -5.05% Nov 8, 2017 - Nov 27, 2017 | -13.29% Mar 7, 2025 - Jul 1, 2025 |
| #10 | -4.09% Dec 20, 2017 - Jan 4, 2018 | -13.25% Jan 2, 2018 - Jan 31, 2019 |
| #11 | -4.04% Sep 20, 2005 - Sep 27, 2005 | -12.80% May 22, 2013 - May 8, 2014 |
| #12 | -3.91% Nov 28, 2017 - Dec 18, 2017 | -11.36% Sep 24, 2012 - Jan 10, 2013 |
| #13 | -3.47% Aug 7, 2017 - Sep 8, 2017 | -11.31% Apr 26, 2010 - Aug 9, 2010 |
| #14 | -3.05% Sep 16, 2005 - Sep 20, 2005 | -10.95% Jun 13, 2003 - Dec 31, 2003 |
| #15 | -3.01% Jul 23, 2025 - Aug 6, 2025 | -10.61% Nov 5, 1999 - May 31, 2000 |
Correlation
Correlation between JOF and HIO is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
JOF vs HIO dividend yield comparison.
| Year | JOF | HIO |
|---|---|---|
| 2026 | 4.48% | 4.88% |
| 2025 | 4.80% | 11.48% |
| 2024 | 4.07% | 10.84% |
| 2023 | 3.50% | 9.90% |
| 2022 | 0.71% | 9.11% |
| 2021 | 7.70% | 7.02% |
| 2020 | 3.81% | 7.86% |
| 2019 | 8.30% | 6.91% |
| 2018 | 20.55% | 7.31% |
| 2017 | 15.89% | 7.04% |
| 2016 | 9.63% | 8.44% |
| 2015 | 8.58% | 9.08% |
| 2014 | 1.48% | 8.06% |
| 2013 | 2.17% | 8.55% |
| 2012 | 1.13% | 7.81% |
| 2011 | 0.49% | 8.47% |
| 2010 | 0.89% | 9.70% |
| 2009 | 0.73% | 10.33% |
| 2008 | 1.57% | 14.47% |
| 2007 | 0.04% | 9.08% |
| 2006 | 12.90% | 9.04% |
| 2005 | 0.00% | 9.44% |
| 2004 | 0.00% | 8.93% |
| 2003 | 0.00% | 9.94% |
| 2002 | 0.00% | 12.25% |
| 2001 | 1.43% | 14.16% |
| 2000 | 14.26% | 11.14% |
| 1999 | 0.00% | 1.88% |
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