Western Asset High Income Opportunity Fund Inc (HIO) Alternatives
Western Asset High Income Opportunity Fund Inc (HIO) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with HIO. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to HIO
HIO charges 0.02% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among HIO alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset High Yield Opportunity Fund Inc | 0.02% | Jul 20, 2010 | HIO vs HYI | |
| Western Asset Global High Income Fund Inc | 0.02% | Jan 1, 2010 | HIO vs EHI | |
| First Trust High Yield Opportunities 2027 Term Fun... | 0.02% | Jun 25, 2020 | HIO vs FTHY | |
| PGIM High Yield Bond Fund | 0.02% | Apr 30, 2012 | HIO vs ISD | |
| Nuveen Floating Rate Income Fund | 0.02% | Mar 24, 2004 | HIO vs JFR |
Best Risk-Adjusted Alternatives to HIO
Among mutual funds in the High Yield Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | Dec 16, 2014 | HIO vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | Mar 6, 2019 | HIO vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | Sep 30, 2010 | HIO vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 99 | Jul 29, 2011 | HIO vs PRFRX | |
| T. Rowe Price Credit Opportunities Fund | 98 | Apr 29, 2014 | HIO vs PRCPX |
Top Performing HIO Alternatives (YTD)
HIO alternatives from the High Yield Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Fairholme Focused Income Fund | 6.93% | Dec 31, 2009 | HIO vs FOCIX | |
| Pioneer ILS Interval Fund | 5.18% | Dec 16, 2014 | HIO vs XILSX | |
| RiverNorth Capital and Income Fund | 4.23% | — | HIO vs RSF | |
| RiverPark Short Term High Yield Fund | 1.02% | Sep 30, 2010 | HIO vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.96% | Mar 6, 2019 | HIO vs CCLFX |
Lowest Volatility Alternatives to HIO
HIO alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.97% | Sep 30, 2010 | HIO vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.97% | Mar 6, 2019 | HIO vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.71% | Jul 15, 2014 | HIO vs CWFIX | |
| Changing Parameters Fund | 1.90% | Oct 2, 2006 | HIO vs CPMPX | |
| Shenkman Capital Short Duration High Income Fund | 1.96% | Oct 31, 2012 | HIO vs SCFIX |
Lowest Drawdown Alternatives to HIO
HIO alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.21% | Dec 16, 2014 | HIO vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.41% | Sep 30, 2010 | HIO vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.46% | Mar 6, 2019 | HIO vs CCLFX | |
| Toews Tactical Income Fund | -1.12% | Jun 4, 2010 | HIO vs THHYX | |
| Changing Parameters Fund | -1.31% | Oct 2, 2006 | HIO vs CPMPX |
Other Mutual Funds from Franklin Templeton
Most popular Franklin Templeton mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities | 21 | -15.24% | Jan 2, 1968 | HIO vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Precious Metals | 94 | -2.21% | May 18, 1969 | HIO vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 82 | 2.15% | — | HIO vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 30 | -8.53% | Apr 1, 1948 | HIO vs FKGRX | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 28 | -4.58% | Jan 14, 1987 | HIO vs FRDPX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 42 | 20.88% | Jun 10, 2011 | HIO vs EMO | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 7 | -12.79% | Aug 29, 1997 | HIO vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 18 | -10.22% | Oct 24, 1983 | HIO vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 86 | 2.21% | Aug 28, 1997 | HIO vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 35 | -6.24% | Mar 10, 1970 | HIO vs SHAPX |
Often Compared With HIO
What investors most often compare with HIO, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Western Asset Inflation-Linked Opportunities & Inc... | Inflation-Protected Bonds | 29 | 0.67% | — | HIO vs WIW | |
| Dimensional High Yield Fund | High Yield Bonds | 12 | -0.19% | Jan 1, 2013 | HIO vs DHF | |
| BlackRock Corporate High Yield Fund | High Yield Bonds | 4 | -1.69% | May 30, 2003 | HIO vs HYT | |
| PGIM Global High Yield Fund | High Yield Bonds | 3 | -3.98% | Dec 26, 2012 | HIO vs GHY | |
| PGIM Short Duration High Yield Opportunities Fund | High Yield Bonds | 18 | -1.32% | — | HIO vs SDHY | |
| RiverPark Strategic Income Fund | High Yield Bonds | 96 | 0.36% | Sep 30, 2013 | HIO vs RSIIX |
Compare HIO with Any Fund or Stock
Compare HIO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.