HIX vs. CRDOX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and Six Circles Credit Opportunities Fund (CRDOX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. CRDOX is managed by Six Circles. It was launched on Nov 22, 2020.
Performance
HIX vs. CRDOX - Performance Comparison
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HIX vs. CRDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HIX Western Asset High Income Fund II | -2.12% | 13.56% | -1.32% | 15.72% | -24.60% | 13.02% | -0.87% |
CRDOX Six Circles Credit Opportunities Fund | -1.45% | 7.48% | 8.69% | 8.06% | -10.62% | 2.66% | 1.71% |
Returns By Period
In the year-to-date period, HIX achieves a -2.12% return, which is significantly lower than CRDOX's -1.45% return.
HIX
- 1D
- -1.26%
- 1M
- -4.58%
- YTD
- -2.12%
- 6M
- -3.26%
- 1Y
- 8.96%
- 3Y*
- 7.12%
- 5Y*
- 0.94%
- 10Y*
- 5.60%
CRDOX
- 1D
- 0.34%
- 1M
- -2.43%
- YTD
- -1.45%
- 6M
- 0.10%
- 1Y
- 6.40%
- 3Y*
- 6.56%
- 5Y*
- 2.70%
- 10Y*
- —
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HIX vs. CRDOX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than CRDOX's 0.29% expense ratio.
Return for Risk
HIX vs. CRDOX — Risk / Return Rank
HIX
CRDOX
HIX vs. CRDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and Six Circles Credit Opportunities Fund (CRDOX). 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.
| HIX | CRDOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 2.04 | -1.45 |
Sortino ratioReturn per unit of downside risk | 0.90 | 2.80 | -1.90 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.47 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.81 | -1.07 |
Martin ratioReturn relative to average drawdown | 2.78 | 8.08 | -5.30 |
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
| HIX | CRDOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.04 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.66 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.72 | -0.40 |
Correlation
The correlation between HIX and CRDOX 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
HIX vs. CRDOX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.96%, more than CRDOX's 6.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIX Western Asset High Income Fund II | 14.96% | 14.13% | 13.95% | 11.85% | 12.15% | 8.21% | 8.53% | 8.28% | 9.50% | 8.73% | 10.53% | 13.12% |
CRDOX Six Circles Credit Opportunities Fund | 6.34% | 5.18% | 6.96% | 6.86% | 5.82% | 2.73% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HIX vs. CRDOX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for HIX and CRDOX.
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Drawdown Indicators
| HIX | CRDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -15.92% | -45.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -3.14% | -7.93% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -15.92% | -22.83% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | — | — |
Current DrawdownCurrent decline from peak | -8.55% | -2.81% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -3.63% | -5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 0.70% | +2.24% |
Volatility
HIX vs. CRDOX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.64% compared to Six Circles Credit Opportunities Fund (CRDOX) at 1.44%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than CRDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | CRDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 1.44% | +6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 2.19% | +8.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 3.28% | +11.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 4.11% | +12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 4.04% | +14.06% |