HIX vs. FKDNX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and Franklin DynaTech Fund (FKDNX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. FKDNX is managed by Franklin Templeton. It was launched on Jan 2, 1968.
Performance
HIX vs. FKDNX - Performance Comparison
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HIX vs. FKDNX - 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% |
FKDNX Franklin DynaTech Fund | -15.24% | 18.59% | 30.57% | 44.42% | -40.30% | 12.53% | 57.68% | 36.36% | 2.85% | 39.29% |
Returns By Period
In the year-to-date period, HIX achieves a -0.88% return, which is significantly higher than FKDNX's -15.24% return. Over the past 10 years, HIX has underperformed FKDNX with an annualized return of 5.73%, while FKDNX has yielded a comparatively higher 15.38% 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%
FKDNX
- 1D
- -1.40%
- 1M
- -9.29%
- YTD
- -15.24%
- 6M
- -15.77%
- 1Y
- 14.87%
- 3Y*
- 17.25%
- 5Y*
- 5.42%
- 10Y*
- 15.38%
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HIX vs. FKDNX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than FKDNX's 0.79% expense ratio.
Return for Risk
HIX vs. FKDNX — Risk / Return Rank
HIX
FKDNX
HIX vs. FKDNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and Franklin DynaTech Fund (FKDNX). 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 | FKDNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.55 | +0.09 |
Sortino ratioReturn per unit of downside risk | 0.95 | 0.96 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.47 | +0.34 |
Martin ratioReturn relative to average drawdown | 3.10 | 1.54 | +1.56 |
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 | FKDNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.55 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.21 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.63 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.64 | -0.32 |
Correlation
The correlation between HIX and FKDNX is 0.32, 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. FKDNX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.77%, more than FKDNX's 13.17% 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% |
FKDNX Franklin DynaTech Fund | 13.17% | 11.17% | 0.00% | 0.00% | 0.00% | 1.43% | 0.00% | 0.74% | 2.92% | 1.77% | 3.55% | 2.46% |
Drawdowns
HIX vs. FKDNX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than FKDNX's maximum drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for HIX and FKDNX.
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Drawdown Indicators
| HIX | FKDNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -51.63% | -9.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -20.49% | +9.42% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -48.28% | +9.53% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -48.28% | +3.51% |
Current DrawdownCurrent decline from peak | -7.38% | -20.49% | +13.11% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -11.28% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 6.28% | -3.37% |
Volatility
HIX vs. FKDNX - Volatility Comparison
Western Asset High Income Fund II (HIX) and Franklin DynaTech Fund (FKDNX) have volatilities of 7.56% and 7.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | FKDNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 7.59% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 16.06% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 26.04% | -10.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 26.20% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 24.48% | -6.38% |