HIO vs. WIW
Compare and contrast key facts about Western Asset High Income Opportunity Fund Inc (HIO) and Western Asset Inflation-Linked Opportunities & Income Fund (WIW).
HIO is managed by Franklin Templeton. It was launched on Jan 1, 2009.
Performance
HIO vs. WIW - Performance Comparison
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HIO vs. WIW - 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% |
WIW Western Asset Inflation-Linked Opportunities & Income Fund | 0.67% | 13.17% | 3.83% | 5.10% | -25.30% | 17.66% | 11.46% | 18.27% | -7.57% | 6.46% |
Returns By Period
The year-to-date returns for both stocks are quite close, with HIO having a 0.68% return and WIW slightly lower at 0.67%. Over the past 10 years, HIO has outperformed WIW with an annualized return of 6.25%, while WIW has yielded a comparatively lower 3.93% 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%
WIW
- 1D
- 1.20%
- 1M
- -2.15%
- YTD
- 0.67%
- 6M
- -0.63%
- 1Y
- 4.94%
- 3Y*
- 6.53%
- 5Y*
- 1.95%
- 10Y*
- 3.93%
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HIO vs. WIW - Expense Ratio Comparison
Return for Risk
HIO vs. WIW — Risk / Return Rank
HIO
WIW
HIO vs. WIW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Opportunity Fund Inc (HIO) and Western Asset Inflation-Linked Opportunities & Income Fund (WIW). 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 | WIW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 0.61 | -0.47 |
Sortino ratioReturn per unit of downside risk | 0.28 | 0.87 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.12 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.25 | -1.14 |
Martin ratioReturn relative to average drawdown | 0.35 | 3.49 | -3.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIO | WIW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.61 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.19 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.39 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.32 | +0.03 |
Correlation
The correlation between HIO and WIW is 0.22, 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. WIW - Dividend Comparison
HIO's dividend yield for the trailing twelve months is around 11.74%, more than WIW's 8.87% 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% |
WIW Western Asset Inflation-Linked Opportunities & Income Fund | 8.87% | 8.68% | 8.78% | 10.38% | 11.81% | 6.93% | 3.20% | 3.74% | 4.26% | 3.70% | 3.61% | 3.91% |
Drawdowns
HIO vs. WIW - Drawdown Comparison
The maximum HIO drawdown since its inception was -49.69%, which is greater than WIW's maximum drawdown of -29.49%. Use the drawdown chart below to compare losses from any high point for HIO and WIW.
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Drawdown Indicators
| HIO | WIW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.69% | -29.49% | -20.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.25% | -4.55% | -6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -29.49% | +3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -40.57% | -29.49% | -11.08% |
Current DrawdownCurrent decline from peak | -4.05% | -7.13% | +3.08% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -7.99% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 1.62% | +1.82% |
Volatility
HIO vs. WIW - Volatility Comparison
Western Asset High Income Opportunity Fund Inc (HIO) has a higher volatility of 4.99% compared to Western Asset Inflation-Linked Opportunities & Income Fund (WIW) at 2.37%. This indicates that HIO's price experiences larger fluctuations and is considered to be riskier than WIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIO | WIW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 2.37% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 4.91% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 8.12% | +5.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.75% | 10.27% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 10.01% | +5.96% |