HIX vs. FSCO

Last updated Apr 1, 2026

Compare and contrast key facts about Western Asset High Income Fund II (HIX) and FS Credit Opportunities Corp. (FSCO).

HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998.

Performance

HIX vs. FSCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Western Asset High Income Fund II (HIX) and FS Credit Opportunities Corp. (FSCO). The values are adjusted to include any dividend payments, if applicable.

HIX vs. FSCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HIX Western Asset High Income Fund II	-0.88%	13.56%	-1.32%	15.72%	4.08%
FSCO FS Credit Opportunities Corp.	-16.30%	3.68%	34.88%	36.98%	7.16%

Returns By Period

In the year-to-date period, HIX achieves a -0.88% return, which is significantly higher than FSCO's -16.30% 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%

FSCO

• 1D: 0.79%
• 1M: 3.57%
• YTD: -16.30%
• 6M: -21.20%
• 1Y: -18.33%
• 3Y*: 18.10%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HIX vs. FSCO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIX

HIX Risk / Return Rank: 27
HIX Sharpe Ratio Rank: 27
HIX Sortino Ratio Rank: 25
HIX Omega Ratio Rank: 27
HIX Calmar Ratio Rank: 29
HIX Martin Ratio Rank: 29

FSCO

FSCO Risk / Return Rank: 18
FSCO Sharpe Ratio Rank: 16
FSCO Sortino Ratio Rank: 18
FSCO Omega Ratio Rank: 16
FSCO Calmar Ratio Rank: 26
FSCO Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIX vs. FSCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and FS Credit Opportunities Corp. (FSCO). 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	FSCO	Difference
Sharpe ratio Return per unit of total volatility	0.64	-0.59	+1.22
Sortino ratio Return per unit of downside risk	0.95	-0.63	+1.58
Omega ratio Gain probability vs. loss probability	1.14	0.91	+0.24
Calmar ratio Return relative to maximum drawdown	0.82	-0.52	+1.34
Martin ratio Return relative to average drawdown	3.10	-1.42	+4.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIX vs. FSCO - Sharpe Ratio Comparison

The current HIX Sharpe Ratio is 0.64, which is higher than the FSCO Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of HIX and FSCO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HIX	FSCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	-0.59	+1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.62	-0.30

Correlation

The correlation between HIX and FSCO is 0.14, 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. FSCO - Dividend Comparison

HIX's dividend yield for the trailing twelve months is around 14.77%, less than FSCO's 15.64% 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%
FSCO FS Credit Opportunities Corp.	15.64%	12.65%	10.47%	11.26%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HIX vs. FSCO - Drawdown Comparison

The maximum HIX drawdown since its inception was -61.03%, which is greater than FSCO's maximum drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for HIX and FSCO.

Drawdown Indicators

	HIX	FSCO	Difference
Max Drawdown Largest peak-to-trough decline	-61.03%	-35.53%	-25.50%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-35.53%	+24.46%
Max Drawdown (5Y) Largest decline over 5 years	-38.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.77%	—	—
Current Drawdown Current decline from peak	-7.38%	-26.92%	+19.54%
Average Drawdown Average peak-to-trough decline	-8.94%	-6.86%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	13.06%	-10.15%

Volatility

HIX vs. FSCO - Volatility Comparison

The current volatility for Western Asset High Income Fund II (HIX) is 7.56%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 16.64%. This indicates that HIX experiences smaller price fluctuations and is considered to be less risky than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIX	FSCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.56%	16.64%	-9.08%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	24.82%	-14.04%
Volatility (1Y) Calculated over the trailing 1-year period	15.12%	31.41%	-16.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	28.10%	-11.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	28.10%	-10.00%