FTHY vs. HYI
Compare and contrast key facts about First Trust High Yield Opportunities 2027 Term Fund (FTHY) and Western Asset High Yield Opportunity Fund Inc (HYI).
FTHY is managed by First Trust. It was launched on Jun 25, 2020. HYI is managed by Franklin Templeton. It was launched on Jul 20, 2010.
Performance
FTHY vs. HYI - Performance Comparison
Loading graphics...
FTHY vs. HYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTHY First Trust High Yield Opportunities 2027 Term Fund | -1.04% | 7.80% | 15.71% | 14.65% | -26.09% | 7.63% | 4.66% |
HYI Western Asset High Yield Opportunity Fund Inc | -1.52% | 4.09% | 7.58% | 6.72% | -13.48% | 10.04% | 16.15% |
Returns By Period
In the year-to-date period, FTHY achieves a -1.04% return, which is significantly higher than HYI's -1.52% return.
FTHY
- 1D
- 0.19%
- 1M
- -1.77%
- YTD
- -1.04%
- 6M
- -1.25%
- 1Y
- 4.44%
- 3Y*
- 10.32%
- 5Y*
- 2.46%
- 10Y*
- —
HYI
- 1D
- 0.28%
- 1M
- -2.66%
- YTD
- -1.52%
- 6M
- -3.55%
- 1Y
- 0.11%
- 3Y*
- 6.21%
- 5Y*
- 1.99%
- 10Y*
- 6.01%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FTHY vs. HYI - Expense Ratio Comparison
FTHY has a 0.02% expense ratio, which is higher than HYI's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FTHY vs. HYI — Risk / Return Rank
FTHY
HYI
FTHY vs. HYI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust High Yield Opportunities 2027 Term Fund (FTHY) and Western Asset High Yield Opportunity Fund Inc (HYI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FTHY | HYI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.46 | 0.01 | +0.44 |
Sortino ratioReturn per unit of downside risk | 0.67 | 0.07 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.01 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.01 | +0.56 |
Martin ratioReturn relative to average drawdown | 1.99 | -0.02 | +2.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FTHY | HYI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.01 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.18 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.36 | -0.14 |
Correlation
The correlation between FTHY and HYI is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FTHY vs. HYI - Dividend Comparison
FTHY's dividend yield for the trailing twelve months is around 11.17%, more than HYI's 10.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHY First Trust High Yield Opportunities 2027 Term Fund | 11.17% | 10.66% | 10.70% | 10.22% | 11.85% | 7.83% | 2.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYI Western Asset High Yield Opportunity Fund Inc | 10.64% | 10.22% | 9.64% | 9.40% | 9.09% | 7.19% | 7.35% | 6.87% | 8.10% | 7.81% | 8.73% | 9.36% |
Drawdowns
FTHY vs. HYI - Drawdown Comparison
The maximum FTHY drawdown since its inception was -31.17%, smaller than the maximum HYI drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for FTHY and HYI.
Loading graphics...
Drawdown Indicators
| FTHY | HYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -36.06% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -8.19% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -26.35% | -4.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.06% | — |
Current DrawdownCurrent decline from peak | -3.27% | -6.00% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -10.44% | -5.81% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 3.60% | -1.50% |
Volatility
FTHY vs. HYI - Volatility Comparison
The current volatility for First Trust High Yield Opportunities 2027 Term Fund (FTHY) is 3.46%, while Western Asset High Yield Opportunity Fund Inc (HYI) has a volatility of 3.77%. This indicates that FTHY experiences smaller price fluctuations and is considered to be less risky than HYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FTHY | HYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 3.77% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 5.00% | 5.25% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.78% | 8.37% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.86% | 11.26% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.39% | 12.96% | +0.43% |