HIX vs. RSIIX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and RiverPark Strategic Income Fund (RSIIX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. RSIIX is managed by RiverPark Funds. It was launched on Sep 30, 2013.
Performance
HIX vs. RSIIX - Performance Comparison
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HIX vs. RSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIX Western Asset High Income Fund II | -2.12% | 13.56% | -1.32% | 15.72% | -24.60% | 13.02% | 12.36% | 27.26% | -9.99% | 7.13% |
RSIIX RiverPark Strategic Income Fund | 0.36% | 6.04% | 8.44% | 9.59% | -3.31% | 11.60% | 3.42% | 3.50% | 1.36% | 4.84% |
Returns By Period
In the year-to-date period, HIX achieves a -2.12% return, which is significantly lower than RSIIX's 0.36% return. Both investments have delivered pretty close results over the past 10 years, with HIX having a 5.60% annualized return and RSIIX not far behind at 5.50%.
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%
RSIIX
- 1D
- 0.00%
- 1M
- -0.59%
- YTD
- 0.36%
- 6M
- 0.82%
- 1Y
- 5.26%
- 3Y*
- 7.43%
- 5Y*
- 5.19%
- 10Y*
- 5.50%
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HIX vs. RSIIX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than RSIIX's 1.18% expense ratio.
Return for Risk
HIX vs. RSIIX — Risk / Return Rank
HIX
RSIIX
HIX vs. RSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and RiverPark Strategic Income Fund (RSIIX). 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 | RSIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 2.29 | -1.70 |
Sortino ratioReturn per unit of downside risk | 0.90 | 2.92 | -2.02 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.62 | -0.48 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 3.50 | -2.77 |
Martin ratioReturn relative to average drawdown | 2.78 | 14.75 | -11.97 |
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 | RSIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.29 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 2.27 | -2.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 1.98 | -1.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.70 | -1.38 |
Correlation
The correlation between HIX and RSIIX is 0.22, 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. RSIIX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.96%, more than RSIIX's 7.62% 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% |
RSIIX RiverPark Strategic Income Fund | 7.62% | 7.75% | 7.67% | 7.61% | 6.58% | 5.12% | 5.77% | 4.84% | 4.59% | 4.98% | 5.10% | 6.57% |
Drawdowns
HIX vs. RSIIX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than RSIIX's maximum drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for HIX and RSIIX.
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Drawdown Indicators
| HIX | RSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -15.55% | -45.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -1.50% | -9.57% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -5.61% | -33.14% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -15.55% | -29.22% |
Current DrawdownCurrent decline from peak | -8.55% | -0.87% | -7.68% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -1.18% | -7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 0.36% | +2.58% |
Volatility
HIX vs. RSIIX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.64% compared to RiverPark Strategic Income Fund (RSIIX) at 1.14%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than RSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | RSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 1.14% | +6.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 1.61% | +9.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 2.30% | +12.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 2.30% | +14.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 2.78% | +15.32% |