HIX vs. EMO
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and ClearBridge Energy Midstream Opportunity Fund (EMO).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. EMO is an actively managed fund by Franklin Templeton. It was launched on Jun 10, 2011.
Performance
HIX vs. EMO - Performance Comparison
Loading graphics...
HIX vs. EMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIX Western Asset High Income Fund II | -0.88% | 13.56% | -1.32% | 15.72% | -24.60% | 13.02% | 12.36% | 27.26% | -9.99% | 7.13% |
EMO ClearBridge Energy Midstream Opportunity Fund | 20.88% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -25.73% | 0.07% |
Returns By Period
In the year-to-date period, HIX achieves a -0.88% return, which is significantly lower than EMO's 20.88% return. Over the past 10 years, HIX has underperformed EMO with an annualized return of 5.73%, while EMO has yielded a comparatively higher 9.52% annualized return.
HIX
- 1D
- 5.57%
- 1M
- -3.36%
- YTD
- -0.88%
- 6M
- -1.81%
- 1Y
- 9.56%
- 3Y*
- 7.57%
- 5Y*
- 1.20%
- 10Y*
- 5.73%
EMO
- 1D
- -0.92%
- 1M
- 2.78%
- YTD
- 20.88%
- 6M
- 23.15%
- 1Y
- 19.30%
- 3Y*
- 34.99%
- 5Y*
- 33.19%
- 10Y*
- 9.52%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HIX vs. EMO - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is lower than EMO's 13.90% expense ratio.
Return for Risk
HIX vs. EMO — Risk / Return Rank
HIX
EMO
HIX vs. EMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and ClearBridge Energy Midstream Opportunity Fund (EMO). 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 | EMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.91 | -0.27 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.28 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.07 | -0.25 |
Martin ratioReturn relative to average drawdown | 3.10 | 3.23 | -0.12 |
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
| HIX | EMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.91 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 1.25 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.23 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.12 | +0.21 |
Correlation
The correlation between HIX and EMO is 0.30, 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. EMO - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.77%, more than EMO's 8.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIX Western Asset High Income Fund II | 14.77% | 14.13% | 13.95% | 11.85% | 12.15% | 8.21% | 8.53% | 8.28% | 9.50% | 8.73% | 10.53% | 13.12% |
EMO ClearBridge Energy Midstream Opportunity Fund | 8.11% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
Drawdowns
HIX vs. EMO - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, smaller than the maximum EMO drawdown of -95.06%. Use the drawdown chart below to compare losses from any high point for HIX and EMO.
Loading graphics...
Drawdown Indicators
| HIX | EMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -95.06% | +34.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -18.81% | +7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -28.59% | -10.16% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -93.02% | +48.25% |
Current DrawdownCurrent decline from peak | -7.38% | -2.55% | -4.83% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -32.27% | +23.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 6.22% | -3.31% |
Volatility
HIX vs. EMO - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.56% compared to ClearBridge Energy Midstream Opportunity Fund (EMO) at 4.63%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than EMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HIX | EMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 4.63% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 11.12% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 21.39% | -6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 26.78% | -9.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 41.41% | -23.31% |