HIX vs. FQTIX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and Franklin Templeton SMACS: Series I (FQTIX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
HIX vs. FQTIX - Performance Comparison
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HIX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIX Western Asset High Income Fund II | -2.12% | 13.56% | -1.32% | 15.72% | -24.60% | 13.02% | 12.36% | 9.36% |
FQTIX Franklin Templeton SMACS: Series I | 0.52% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, HIX achieves a -2.12% return, which is significantly lower than FQTIX's 0.52% 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%
FQTIX
- 1D
- 0.25%
- 1M
- -1.83%
- YTD
- 0.52%
- 6M
- 2.53%
- 1Y
- 9.44%
- 3Y*
- 7.86%
- 5Y*
- 3.61%
- 10Y*
- —
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HIX vs. FQTIX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
HIX vs. FQTIX — Risk / Return Rank
HIX
FQTIX
HIX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and Franklin Templeton SMACS: Series I (FQTIX). 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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 2.55 | -1.96 |
Sortino ratioReturn per unit of downside risk | 0.90 | 3.46 | -2.56 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.61 | -0.48 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 3.85 | -3.11 |
Martin ratioReturn relative to average drawdown | 2.78 | 17.15 | -14.37 |
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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.55 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.61 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.55 | -0.23 |
Correlation
The correlation between HIX and FQTIX is 0.38, 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. FQTIX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.96%, more than FQTIX's 7.03% 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% |
FQTIX Franklin Templeton SMACS: Series I | 7.03% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HIX vs. FQTIX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for HIX and FQTIX.
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Drawdown Indicators
| HIX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -24.62% | -36.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -2.41% | -8.66% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -18.81% | -19.94% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | — | — |
Current DrawdownCurrent decline from peak | -8.55% | -1.95% | -6.60% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -4.42% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 0.54% | +2.40% |
Volatility
HIX vs. FQTIX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.64% compared to Franklin Templeton SMACS: Series I (FQTIX) at 1.57%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 1.57% | +6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 2.38% | +8.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 3.85% | +11.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 5.92% | +11.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 7.80% | +10.30% |