JOF vs HIX

Comparison between Japan Smaller Capitalization Fund Inc (JOF, ETF) and Western Asset High Income Fund II Inc (HIX, ETF).

5-Year PerformanceJOF has outperformed HIX, delivering a return of +11.1% compared to +0.4%

JOF vs HIX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JOF(ETF)	HIX(ETF)
Net Assets	$374M	$375M
Max Drawdown	69.98%	72.39%
Sharpe Ratio	1.51	0.37
5Y Beta	0.61	0.36
5Y Dividends CAGR	25.34%	1.61%

Net Assets

JOF

$374M

Winner

HIX

$375M

Max Drawdown

Winner

JOF

69.98%

HIX

72.39%

Sharpe Ratio

Winner

JOF

1.51

HIX

0.37

5Y Beta

JOF

0.61

Winner

HIX

0.36

5Y Dividends CAGR

Winner

JOF

25.34%

HIX

1.61%

JOF vs HIX - Historical Returns

Returns include dividend reinvestment.

Period	JOF	HIX
1 month	+4.18%	+1.27%
3 months	+13.84%	+4.31%
6 months	+16.07%	+4.11%
1 year	+38.72%	+7.89%
5 years(CAGR)	+11.10%	+0.42%
10 years(CAGR)	+10.49%	+5.16%
Max(CAGR)	+4.28%	+7.56%

Winner

JOF

+4.18%

HIX

+1.27%

Winner

JOF

+13.84%

HIX

+4.31%

Winner

JOF

+16.07%

HIX

+4.11%

Winner

JOF

+38.72%

HIX

+7.89%

5Y(CAGR)

Winner

JOF

+11.10%

HIX

+0.42%

10Y(CAGR)

Winner

JOF

+10.49%

HIX

+5.16%

Max(CAGR)

JOF

+4.28%

Winner

HIX

+7.56%

JOF vs HIX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	JOF	HIX
2026	+12.31%	+1.40%
2025	+50.68%	+12.20%
2024	+5.64%	-3.63%
2023	+20.84%	+11.18%
2022	-17.17%	-23.61%
2021	-5.68%	+14.51%
2020	+4.08%	+12.10%
2019	+15.72%	+25.96%
2018	-16.43%	-11.22%
2017	+40.89%	+7.61%
2016	+5.37%	+24.05%
2015	+24.58%	-14.83%
2014	+0.35%	+0.11%
2013	+27.75%	+1.16%
2012	+0.20%	+9.05%
2011	-20.53%	+14.21%
2010	+20.38%	+12.88%
2009	-2.21%	+99.91%
2008	-21.92%	-40.91%
2007	-29.27%	-0.43%
2006	-10.36%	+20.35%
2005	+25.43%	-9.75%
2004	+13.19%	+3.15%
2003	+76.38%	+46.62%
2002	+6.09%	+4.20%
2001	+0.04%	+7.38%
2000	-46.26%	+22.60%
1999	-10.46%	-1.26%

JOF vs HIX Drawdown Comparison

The maximum drawdown for JOF was -65.75%, occurring on Nov 20, 2008. Recovery took 2983 trading sessions.

The maximum drawdown for HIX was -60.88%, occurring on Nov 20, 2008. Recovery took 594 trading sessions.

The current JOF drawdown is -3.70%. The current HIX drawdown is -6.39%.

Rank	JOF	HIX
#1	-65.75% Sep 29, 2005 - Aug 7, 2017	-60.88% May 4, 2007 - Sep 11, 2009
#2	-58.12% Nov 5, 1999 - Mar 17, 2004	-44.77% Feb 18, 2020 - Aug 20, 2020
#3	-42.14% Jan 17, 2018 - Mar 12, 2025	-38.72% Aug 18, 2021 - Oct 14, 2022
#4	-30.52% Apr 12, 2004 - Sep 12, 2005	-28.46% Jun 27, 2014 - Jan 24, 2017
#5	-17.23% Feb 23, 2026 - Mar 20, 2026	-25.23% Jun 10, 2002 - Mar 4, 2003
#6	-9.79% Mar 27, 2025 - Apr 22, 2025	-20.97% Mar 8, 2001 - Jan 11, 2002
#7	-8.29% Sep 17, 2025 - Nov 28, 2025	-19.03% Apr 1, 2004 - Oct 27, 2006
#8	-6.41% Apr 5, 2004 - Apr 12, 2004	-16.38% Oct 20, 2017 - Feb 25, 2019
#9	-5.05% Nov 8, 2017 - Nov 27, 2017	-16.29% Sep 11, 2000 - Jan 8, 2001
#10	-4.09% Dec 20, 2017 - Jan 4, 2018	-16.19% May 26, 2011 - Jan 6, 2012
#11	-4.04% Sep 20, 2005 - Sep 27, 2005	-15.17% May 21, 2013 - Apr 17, 2014
#12	-3.91% Nov 28, 2017 - Dec 18, 2017	-14.59% Oct 5, 2012 - Apr 24, 2013
#13	-3.47% Aug 7, 2017 - Sep 8, 2017	-14.51% Apr 15, 2010 - Aug 2, 2010
#14	-3.05% Sep 16, 2005 - Sep 20, 2005	-10.18% Jul 7, 2003 - Sep 5, 2003
#15	-3.01% Jul 23, 2025 - Aug 6, 2025	-9.05% Nov 5, 1999 - Jan 27, 2000

Correlation

Correlation between JOF and HIX is 0.80 which considered as a strong positive correlation - the stocks tend to move together.

0.80

-101

Dividend Comparison (1999 - 2026)

JOF vs HIX dividend yield comparison.

Year	JOF	HIX
2026	4.48%	6.14%
2025	4.80%	14.13%
2024	4.07%	13.97%
2023	3.50%	11.85%
2022	0.71%	12.15%
2021	7.70%	8.21%
2020	3.81%	8.53%
2019	8.30%	8.28%
2018	20.55%	9.50%
2017	15.89%	8.73%
2016	9.63%	10.53%
2015	8.58%	13.12%
2014	1.48%	10.08%
2013	2.17%	10.14%
2012	1.13%	10.22%
2011	0.49%	10.48%
2010	0.89%	11.58%
2009	0.73%	12.45%
2008	1.57%	21.58%
2007	0.04%	9.31%
2006	12.90%	7.75%
2005	0.00%	10.12%
2004	0.00%	10.68%
2003	0.00%	11.25%
2002	0.00%	13.81%
2001	1.43%	13.35%
2000	14.26%	13.85%
1999	0.00%	2.29%