MHY vs JAPN
Comparison between Western Asset Managed High Incm Fnd Inc (MHY, ETF) and HORIZON KINETICS JAPAN OWNER OPERATOR ETF (JAPN, ETF).
MHY vs JAPN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MHY
$23M
Winner
JAPN
$23M
Expense Ratio
Winner
MHY
0.69%
JAPN
0.85%
Max Drawdown
MHY
68.74%
Winner
JAPN
24.13%
Sharpe Ratio
Winner
MHY
1.02
JAPN
-0.67
5Y Beta
Winner
MHY
0.15
JAPN
0.67
MHY vs JAPN - Holdings Comparison
MHY and JAPN have 1 common holdings. Overlap is 0.01%
MHY's top 25 holdings weight is 36.57%. JAPN's top 25 holdings weight is 88.55%.
| Rank | MHY | JAPN |
|---|---|---|
| #1 | U.S. DOLLAR (n/a) - 3.36% | FURUNO ELECTRIC CO LTD (n/a) - 10.12% |
| #2 | GTC AURORA LUXEMBOURG SA 2.25% (n/a) - 1.60% | FINATEXT HOLDINGS LTD (n/a) - 5.49% |
| #3 | n/a (NCA) - 1.59% | JAPAN ELEVATOR SERVICE HOLDINGS CO LTD (n/a) - 4.76% |
| #4 | n/a (n/a) - 1.56% | M&A CAPITAL PARTNERS CO LTD (n/a) - 4.33% |
| #5 | n/a (n/a) - 1.53% | RESORTTRUST INC (n/a) - 4.14% |
| #6 | PRIME HEALTHCARE SERVICES INC 9.375% (n/a) - 1.52% | FURYU CORP (n/a) - 4.05% |
| #7 | PETROBRAS GLOBAL FIN BV 6.25% (n/a) - 1.51% | ULS GROUP INC (n/a) - 3.92% |
| #8 | JANE STREET GROUP LLC / JSG FINANCE INC. 6.125% (n/a) - 1.50% | HIKARI TSUSHIN INC (n/a) - 3.80% |
| #9 | n/a (n/a) - 1.50% | KOTOBUKI SPIRITS CO LTD (n/a) - 3.68% |
| #10 | BCPE FLAVOR DEBT MERGER SUB LLC 9.5% (n/a) - 1.49% | INTERNET INITIATIVE JAPAN INC (n/a) - 3.54% |
| #11 | ARQIVA BROADCAST FINANCE PLC 8.625% (n/a) - 1.48% | ORO CO LTD (n/a) - 3.52% |
| #12 | n/a (n/a) - 1.48% | US BANK MMDA USBGFS 7 (n/a) - 3.52% |
| #13 | n/a (n/a) - 1.47% | PAN PACIFIC INTERNATIONAL HOLDINGS CORP (n/a) - 3.50% |
| #14 | n/a (n/a) - 1.46% | VISIONAL INC ORDINARY SHARES (n/a) - 3.40% |
| #15 | JEFFERSON CAPITAL HOLDINGS LLC 8.25% (n/a) - 1.46% | KEEPER TECHNICAL LABORATORY CO LTD (n/a) - 2.92% |
| #16 | CHC GROUP LLC / CHC FINANCE LTD 11.75% (n/a) - 1.46% | YONEX CO LTD (n/a) - 2.80% |
| #17 | BELLIS ACQUISITION CO PLC 8.125% (n/a) - 1.43% | OBIC BUSINESS CONSULTANTS CO LTD (n/a) - 2.65% |
| #18 | WOM CHILE HOLDCO S.P.A. 5% (n/a) - 1.41% | IG PORT INC (n/a) - 2.60% |
| #19 | CHEPLAPHARM ARZNEIMITTEL GMBH 7.5% (n/a) - 1.22% | TRANSACTION CO LTD (n/a) - 2.56% |
| #20 | LENZING AG 9% (n/a) - 1.20% | STARTS PUBLISHING CORP (n/a) - 2.42% |
| #21 | AAREAL BANK AG 9.875% (n/a) - 1.08% | ALPHAPOLIS CO LTD (n/a) - 2.28% |
| #22 | TRIVIUM PACKAGING FINANCE BV 12.25% (n/a) - 1.08% | TOWA CORP (n/a) - 2.20% |
| #23 | KAROON USA FINANCE INC. 10.5% (n/a) - 1.06% | TSUBURAYA FIELDS HOLDINGS INC (n/a) - 2.20% |
| #24 | C&W SENIOR FINANCE LTD. 9% (n/a) - 1.06% | SEGA SAMMY HOLDINGS INC (n/a) - 2.20% |
| #25 | NAVIOS SOUTH AMERICAN L 8.875 7/14/2030 (n/a) - 1.06% | M3 INC (n/a) - 1.95% |
| Total Holdings | 92 | 36 |
MHY vs JAPN - Historical Returns
Returns include dividend reinvestment.
1M
MHY
+1.46%
Winner
JAPN
+6.37%
3M
Winner
MHY
+3.69%
JAPN
+3.02%
6M
Winner
MHY
+4.80%
JAPN
-2.93%
1Y
Winner
MHY
+7.49%
JAPN
-11.76%
10Y(CAGR)
MHY
+18.80%
JAPN
N/A
Max(CAGR)
Winner
MHY
+10.51%
JAPN
-3.49%
MHY vs JAPN - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MHY | JAPN |
|---|---|---|
| 2026 | +5.55% | -6.97% |
| 2025 | +1.74% | +2.79% |
| 2016 | +14.04% | N/A |
| 2015 | -3.68% | N/A |
| 2014 | -3.04% | N/A |
| 2013 | -2.18% | N/A |
| 2012 | +10.16% | N/A |
| 2011 | +6.98% | N/A |
| 2010 | +16.09% | N/A |
| 2009 | +48.58% | N/A |
| 2008 | -18.41% | N/A |
| 2007 | -7.35% | N/A |
| 2006 | +18.28% | N/A |
| 2005 | +0.17% | N/A |
| 2004 | +1.72% | N/A |
| 2003 | +20.89% | N/A |
| 2002 | -5.24% | N/A |
| 2001 | -7.05% | N/A |
| 2000 | +12.48% | N/A |
| 1999 | -4.19% | N/A |
MHY vs JAPN Drawdown Comparison
The maximum drawdown for MHY was -51.73%, occurring on Oct 9, 2008. Recovery took 553 trading sessions.
The maximum drawdown for JAPN was -23.95%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current JAPN drawdown is -17.04%.
| Rank | MHY | JAPN |
|---|---|---|
| #1 | -51.73% Jun 4, 2007 - Aug 12, 2009 | -23.95% Aug 18, 2025 - Mar 30, 2026 |
| #2 | -32.62% Jan 24, 2001 - Jun 9, 2003 | -5.63% Jun 27, 2025 - Aug 6, 2025 |
| #3 | -20.58% Aug 28, 2012 - Aug 18, 2016 | -2.90% May 27, 2025 - Jun 2, 2025 |
| #4 | -16.23% May 11, 2011 - Jan 26, 2012 | -1.52% Jun 12, 2025 - Jun 24, 2025 |
| #5 | -15.95% Jan 21, 2004 - Aug 30, 2004 | -1.34% May 20, 2025 - May 27, 2025 |
| #6 | -14.80% Aug 23, 2000 - Jan 4, 2001 | -1.04% Aug 7, 2025 - Aug 18, 2025 |
| #7 | -13.79% Nov 8, 2010 - Mar 23, 2011 | -1.00% Jun 2, 2025 - Jun 9, 2025 |
| #8 | -13.22% Apr 13, 2010 - Jul 16, 2010 | -0.36% May 16, 2025 - May 20, 2025 |
| #9 | -11.54% Oct 21, 2009 - Jan 20, 2010 | -0.07% Jun 24, 2025 - Jun 26, 2025 |
| #10 | -11.48% Jun 12, 2003 - Jan 21, 2004 | N/A |
| #11 | -10.90% Nov 4, 1999 - Jun 1, 2000 | N/A |
| #12 | -10.13% Oct 18, 2004 - Aug 3, 2006 | N/A |
| #13 | -7.04% Feb 23, 2007 - May 10, 2007 | N/A |
| #14 | -6.79% Jan 21, 2010 - Feb 19, 2010 | N/A |
| #15 | -6.54% Mar 23, 2012 - Aug 10, 2012 | N/A |
Correlation
Correlation between MHY and JAPN is -0.74 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.74
-101
Dividend Comparison (1999 - 2026)
MHY vs JAPN dividend yield comparison.
| Year | MHY | JAPN |
|---|---|---|
| 2026 | 1.92% | 0.00% |
| 2025 | 3.42% | 0.24% |
| 2016 | 5.68% | 0.00% |
| 2015 | 9.16% | 0.00% |
| 2014 | 8.24% | 0.00% |
| 2013 | 8.02% | 0.00% |
| 2012 | 8.03% | 0.00% |
| 2011 | 8.98% | 0.00% |
| 2010 | 9.73% | 0.00% |
| 2009 | 10.10% | 0.00% |
| 2008 | 13.00% | 0.00% |
| 2007 | 9.41% | 0.00% |
| 2006 | 4.88% | 0.00% |
| 2005 | 8.43% | 0.00% |
| 2004 | 9.05% | 0.00% |
| 2003 | 9.32% | 0.00% |
| 2002 | 11.21% | 0.00% |
| 2001 | 12.63% | 0.00% |
| 2000 | 11.53% | 0.00% |
| 1999 | 1.95% | 0.00% |
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