HIX vs. FRDPX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and Franklin Rising Dividends Fund (FRDPX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. FRDPX is managed by Franklin Templeton. It was launched on Jan 14, 1987.
Performance
HIX vs. FRDPX - Performance Comparison
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HIX vs. FRDPX - 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% |
FRDPX Franklin Rising Dividends Fund | -4.58% | 11.96% | 10.92% | 12.10% | -10.69% | 26.62% | 16.29% | 29.83% | -5.27% | 17.33% |
Returns By Period
In the year-to-date period, HIX achieves a -0.88% return, which is significantly higher than FRDPX's -4.58% return. Over the past 10 years, HIX has underperformed FRDPX with an annualized return of 5.73%, while FRDPX has yielded a comparatively higher 10.53% 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%
FRDPX
- 1D
- -0.05%
- 1M
- -7.10%
- YTD
- -4.58%
- 6M
- -3.87%
- 1Y
- 8.41%
- 3Y*
- 8.63%
- 5Y*
- 7.61%
- 10Y*
- 10.53%
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HIX vs. FRDPX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than FRDPX's 0.85% expense ratio.
Return for Risk
HIX vs. FRDPX — Risk / Return Rank
HIX
FRDPX
HIX vs. FRDPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and Franklin Rising Dividends Fund (FRDPX). 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 | FRDPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.63 | +0.01 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.03 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.74 | +0.08 |
Martin ratioReturn relative to average drawdown | 3.10 | 3.45 | -0.34 |
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 | FRDPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.63 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.50 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.62 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.60 | -0.28 |
Correlation
The correlation between HIX and FRDPX is 0.34, 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. FRDPX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.77%, more than FRDPX's 10.74% 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% |
FRDPX Franklin Rising Dividends Fund | 10.74% | 10.25% | 10.15% | 4.60% | 4.96% | 4.42% | 0.82% | 3.01% | 5.20% | 0.90% | 3.09% | 5.30% |
Drawdowns
HIX vs. FRDPX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than FRDPX's maximum drawdown of -51.57%. Use the drawdown chart below to compare losses from any high point for HIX and FRDPX.
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Drawdown Indicators
| HIX | FRDPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -51.57% | -9.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -10.54% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -21.07% | -17.68% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -34.89% | -9.88% |
Current DrawdownCurrent decline from peak | -7.38% | -7.10% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -5.84% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.26% | +0.65% |
Volatility
HIX vs. FRDPX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.56% compared to Franklin Rising Dividends Fund (FRDPX) at 3.46%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than FRDPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | FRDPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 3.46% | +4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 7.49% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 15.22% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 15.36% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 17.16% | +0.94% |