HIX vs. FOCIX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and Fairholme Focused Income Fund (FOCIX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. FOCIX is managed by Fairholme. It was launched on Dec 31, 2009.
Performance
HIX vs. FOCIX - Performance Comparison
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HIX vs. FOCIX - 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% |
FOCIX Fairholme Focused Income Fund | 6.93% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Returns By Period
In the year-to-date period, HIX achieves a -0.88% return, which is significantly lower than FOCIX's 6.93% return. Over the past 10 years, HIX has underperformed FOCIX with an annualized return of 5.73%, while FOCIX has yielded a comparatively higher 8.24% 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%
FOCIX
- 1D
- 0.19%
- 1M
- 1.18%
- YTD
- 6.93%
- 6M
- 6.35%
- 1Y
- 9.02%
- 3Y*
- 11.77%
- 5Y*
- 10.04%
- 10Y*
- 8.24%
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HIX vs. FOCIX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than FOCIX's 1.00% expense ratio.
Return for Risk
HIX vs. FOCIX — Risk / Return Rank
HIX
FOCIX
HIX vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and Fairholme Focused Income Fund (FOCIX). 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 | FOCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.98 | -0.34 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.38 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.19 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.18 | -0.36 |
Martin ratioReturn relative to average drawdown | 3.10 | 4.79 | -1.69 |
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 | FOCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.98 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 1.04 | -0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.90 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.80 | -0.48 |
Correlation
The correlation between HIX and FOCIX is 0.26, 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. FOCIX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.77%, more than FOCIX's 1.23% 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% |
FOCIX Fairholme Focused Income Fund | 1.23% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
Drawdowns
HIX vs. FOCIX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for HIX and FOCIX.
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Drawdown Indicators
| HIX | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -18.78% | -42.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -7.45% | -3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -12.36% | -26.39% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -18.61% | -26.16% |
Current DrawdownCurrent decline from peak | -7.38% | -0.58% | -6.80% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -4.81% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.84% | +1.07% |
Volatility
HIX vs. FOCIX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.56% compared to Fairholme Focused Income Fund (FOCIX) at 2.49%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 2.49% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 5.63% | +5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 9.26% | +5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 9.73% | +7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 9.18% | +8.92% |