HIX vs. RPHIX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and RiverPark Short Term High Yield Fund (RPHIX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. RPHIX is managed by RiverPark Funds. It was launched on Sep 30, 2010.
Performance
HIX vs. RPHIX - Performance Comparison
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HIX vs. RPHIX - 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% |
RPHIX RiverPark Short Term High Yield Fund | 1.02% | 4.76% | 6.71% | 5.87% | 2.97% | 2.05% | 1.95% | 2.77% | 2.44% | 2.50% |
Returns By Period
In the year-to-date period, HIX achieves a -0.88% return, which is significantly lower than RPHIX's 1.02% return. Over the past 10 years, HIX has outperformed RPHIX with an annualized return of 5.73%, while RPHIX has yielded a comparatively lower 3.51% 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%
RPHIX
- 1D
- 0.10%
- 1M
- 0.41%
- YTD
- 1.02%
- 6M
- 2.21%
- 1Y
- 4.74%
- 3Y*
- 5.70%
- 5Y*
- 4.56%
- 10Y*
- 3.51%
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HIX vs. RPHIX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than RPHIX's 0.89% expense ratio.
Return for Risk
HIX vs. RPHIX — Risk / Return Rank
HIX
RPHIX
HIX vs. RPHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and RiverPark Short Term High Yield Fund (RPHIX). 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 | RPHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 5.05 | -4.42 |
Sortino ratioReturn per unit of downside risk | 0.95 | 10.09 | -9.13 |
Omega ratioGain probability vs. loss probability | 1.14 | 3.43 | -2.29 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 11.50 | -10.69 |
Martin ratioReturn relative to average drawdown | 3.10 | 85.12 | -82.01 |
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 | RPHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 5.05 | -4.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 3.63 | -3.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 2.94 | -2.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 2.94 | -2.62 |
Correlation
The correlation between HIX and RPHIX is 0.15, 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. RPHIX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.77%, more than RPHIX's 4.10% 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% |
RPHIX RiverPark Short Term High Yield Fund | 4.10% | 4.76% | 6.40% | 5.08% | 3.46% | 2.03% | 2.44% | 2.85% | 2.83% | 2.68% | 2.63% | 3.19% |
Drawdowns
HIX vs. RPHIX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than RPHIX's maximum drawdown of -3.16%. Use the drawdown chart below to compare losses from any high point for HIX and RPHIX.
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Drawdown Indicators
| HIX | RPHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -3.16% | -57.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -0.41% | -10.66% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -0.92% | -37.83% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -3.16% | -41.61% |
Current DrawdownCurrent decline from peak | -7.38% | 0.00% | -7.38% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -0.09% | -8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 0.06% | +2.85% |
Volatility
HIX vs. RPHIX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.56% compared to RiverPark Short Term High Yield Fund (RPHIX) at 0.24%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than RPHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | RPHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 0.24% | +7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 0.62% | +10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 0.97% | +14.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 1.26% | +15.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 1.20% | +16.90% |