HIO vs. SHAPX
Compare and contrast key facts about Western Asset High Income Opportunity Fund Inc (HIO) and ClearBridge Appreciation Fund (SHAPX).
HIO is managed by Franklin Templeton. It was launched on Jan 1, 2009. SHAPX is managed by Franklin Templeton. It was launched on Mar 10, 1970.
Performance
HIO vs. SHAPX - Performance Comparison
Loading graphics...
HIO vs. SHAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIO Western Asset High Income Opportunity Fund Inc | 0.68% | 5.33% | 13.58% | 8.07% | -17.09% | 12.80% | 6.07% | 24.23% | -7.60% | 8.97% |
SHAPX ClearBridge Appreciation Fund | -6.24% | 14.32% | 22.37% | 19.50% | -12.56% | 23.52% | 14.53% | 29.84% | -2.19% | 18.31% |
Returns By Period
In the year-to-date period, HIO achieves a 0.68% return, which is significantly higher than SHAPX's -6.24% return. Over the past 10 years, HIO has underperformed SHAPX with an annualized return of 6.25%, while SHAPX has yielded a comparatively higher 11.99% annualized return.
HIO
- 1D
- 2.83%
- 1M
- -2.24%
- YTD
- 0.68%
- 6M
- 0.05%
- 1Y
- 1.96%
- 3Y*
- 9.66%
- 5Y*
- 3.20%
- 10Y*
- 6.25%
SHAPX
- 1D
- -0.06%
- 1M
- -7.91%
- YTD
- -6.24%
- 6M
- -5.30%
- 1Y
- 10.69%
- 3Y*
- 14.58%
- 5Y*
- 10.06%
- 10Y*
- 11.99%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HIO vs. SHAPX - Expense Ratio Comparison
HIO has a 0.02% expense ratio, which is lower than SHAPX's 0.93% expense ratio.
Return for Risk
HIO vs. SHAPX — Risk / Return Rank
HIO
SHAPX
HIO vs. SHAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Opportunity Fund Inc (HIO) and ClearBridge Appreciation Fund (SHAPX). 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.
| HIO | SHAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 0.72 | -0.58 |
Sortino ratioReturn per unit of downside risk | 0.28 | 1.13 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.17 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.89 | -0.78 |
Martin ratioReturn relative to average drawdown | 0.35 | 4.11 | -3.76 |
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
| HIO | SHAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.72 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.68 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.72 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.77 | -0.43 |
Correlation
The correlation between HIO and SHAPX is 0.29, 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
HIO vs. SHAPX - Dividend Comparison
HIO's dividend yield for the trailing twelve months is around 11.74%, less than SHAPX's 15.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIO Western Asset High Income Opportunity Fund Inc | 11.74% | 11.48% | 10.84% | 9.90% | 9.11% | 7.02% | 7.86% | 6.91% | 7.31% | 7.04% | 8.44% | 9.08% |
SHAPX ClearBridge Appreciation Fund | 15.01% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
Drawdowns
HIO vs. SHAPX - Drawdown Comparison
The maximum HIO drawdown since its inception was -49.69%, which is greater than SHAPX's maximum drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for HIO and SHAPX.
Loading graphics...
Drawdown Indicators
| HIO | SHAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.69% | -46.19% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.25% | -10.57% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -20.53% | -5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -40.57% | -32.21% | -8.36% |
Current DrawdownCurrent decline from peak | -4.05% | -8.74% | +4.69% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -4.79% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.29% | +1.15% |
Volatility
HIO vs. SHAPX - Volatility Comparison
Western Asset High Income Opportunity Fund Inc (HIO) has a higher volatility of 4.99% compared to ClearBridge Appreciation Fund (SHAPX) at 3.74%. This indicates that HIO's price experiences larger fluctuations and is considered to be riskier than SHAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HIO | SHAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 3.74% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 7.86% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 15.90% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.75% | 14.85% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 16.70% | -0.73% |