HIX vs. FHYSX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
HIX vs. FHYSX - Performance Comparison
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HIX vs. FHYSX - 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% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.76% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
Returns By Period
In the year-to-date period, HIX achieves a -0.88% return, which is significantly higher than FHYSX's -1.76% return. Over the past 10 years, HIX has outperformed FHYSX with an annualized return of 5.73%, while FHYSX has yielded a comparatively lower 5.39% 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%
FHYSX
- 1D
- 0.17%
- 1M
- -2.27%
- YTD
- -1.76%
- 6M
- 0.01%
- 1Y
- 5.88%
- 3Y*
- 7.48%
- 5Y*
- 3.11%
- 10Y*
- 5.39%
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HIX vs. FHYSX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
HIX vs. FHYSX — Risk / Return Rank
HIX
FHYSX
HIX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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 | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 1.67 | -1.04 |
Sortino ratioReturn per unit of downside risk | 0.95 | 2.37 | -1.41 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.45 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.36 | -1.55 |
Martin ratioReturn relative to average drawdown | 3.10 | 9.71 | -6.61 |
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 | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.67 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.60 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.94 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.85 | -0.53 |
Correlation
The correlation between HIX and FHYSX is 0.36, 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. FHYSX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.77%, more than FHYSX's 5.82% 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% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.82% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
HIX vs. FHYSX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for HIX and FHYSX.
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Drawdown Indicators
| HIX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -21.45% | -39.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -2.50% | -8.57% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -16.93% | -21.82% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -21.45% | -23.32% |
Current DrawdownCurrent decline from peak | -7.38% | -2.27% | -5.11% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -2.61% | -6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 0.61% | +2.30% |
Volatility
HIX vs. FHYSX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.56% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 1.24%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 1.24% | +6.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 2.37% | +8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 3.76% | +11.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 5.20% | +11.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 5.76% | +12.34% |