HIX vs. FKINX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and Franklin Income Fund Class A1 (FKINX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. FKINX is managed by Franklin Templeton.
Performance
HIX vs. FKINX - Performance Comparison
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HIX vs. FKINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIX Western Asset High Income Fund II | -2.12% | 13.56% | -1.32% | 15.72% | -24.60% | 13.02% | 12.36% | 27.26% | -9.99% | 7.13% |
FKINX Franklin Income Fund Class A1 | 2.96% | 12.24% | 7.12% | 8.65% | -5.29% | 17.21% | 3.57% | 15.75% | -5.54% | 8.43% |
Returns By Period
In the year-to-date period, HIX achieves a -2.12% return, which is significantly lower than FKINX's 2.96% return. Over the past 10 years, HIX has underperformed FKINX with an annualized return of 5.60%, while FKINX has yielded a comparatively higher 7.65% annualized 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%
FKINX
- 1D
- 0.79%
- 1M
- -1.55%
- YTD
- 2.96%
- 6M
- 5.46%
- 1Y
- 12.96%
- 3Y*
- 9.39%
- 5Y*
- 6.73%
- 10Y*
- 7.65%
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HIX vs. FKINX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than FKINX's 0.62% expense ratio.
Return for Risk
HIX vs. FKINX — Risk / Return Rank
HIX
FKINX
HIX vs. FKINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and Franklin Income Fund Class A1 (FKINX). 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 | FKINX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 1.66 | -1.07 |
Sortino ratioReturn per unit of downside risk | 0.90 | 2.34 | -1.44 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.38 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.94 | -1.20 |
Martin ratioReturn relative to average drawdown | 2.78 | 9.23 | -6.45 |
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 | FKINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.66 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.85 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.82 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.90 | -0.58 |
Correlation
The correlation between HIX and FKINX is 0.37, 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. FKINX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.96%, more than FKINX's 5.10% 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% |
FKINX Franklin Income Fund Class A1 | 5.10% | 5.58% | 5.59% | 5.52% | 5.22% | 6.52% | 5.22% | 5.11% | 5.34% | 5.04% | 5.19% | 5.71% |
Drawdowns
HIX vs. FKINX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than FKINX's maximum drawdown of -43.18%. Use the drawdown chart below to compare losses from any high point for HIX and FKINX.
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Drawdown Indicators
| HIX | FKINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -43.18% | -17.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -6.72% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -13.20% | -25.55% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -23.91% | -20.86% |
Current DrawdownCurrent decline from peak | -8.55% | -1.88% | -6.67% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -3.73% | -5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 1.41% | +1.53% |
Volatility
HIX vs. FKINX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.64% compared to Franklin Income Fund Class A1 (FKINX) at 2.19%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than FKINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | FKINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 2.19% | +5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 4.17% | +6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 7.87% | +7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 7.95% | +9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 9.31% | +8.79% |