HIX vs. SCFIX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and Shenkman Capital Short Duration High Income Fund (SCFIX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. SCFIX is managed by Shenkman Funds. It was launched on Oct 31, 2012.
Performance
HIX vs. SCFIX - Performance Comparison
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HIX vs. SCFIX - 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% |
SCFIX Shenkman Capital Short Duration High Income Fund | -0.61% | 7.02% | 6.11% | 9.24% | -2.52% | 5.08% | 3.36% | 7.61% | 0.85% | 3.54% |
Returns By Period
In the year-to-date period, HIX achieves a -0.88% return, which is significantly lower than SCFIX's -0.61% return. Over the past 10 years, HIX has outperformed SCFIX with an annualized return of 5.73%, while SCFIX has yielded a comparatively lower 4.30% 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%
SCFIX
- 1D
- 0.10%
- 1M
- -0.81%
- YTD
- -0.61%
- 6M
- 0.92%
- 1Y
- 5.06%
- 3Y*
- 6.27%
- 5Y*
- 4.65%
- 10Y*
- 4.30%
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HIX vs. SCFIX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than SCFIX's 0.67% expense ratio.
Return for Risk
HIX vs. SCFIX — Risk / Return Rank
HIX
SCFIX
HIX vs. SCFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and Shenkman Capital Short Duration High Income Fund (SCFIX). 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 | SCFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 2.61 | -1.97 |
Sortino ratioReturn per unit of downside risk | 0.95 | 3.70 | -2.75 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.65 | -0.50 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 3.04 | -2.23 |
Martin ratioReturn relative to average drawdown | 3.10 | 15.96 | -12.86 |
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 | SCFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 2.61 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 1.60 | -1.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 1.32 | -1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.30 | -0.97 |
Correlation
The correlation between HIX and SCFIX is 0.36, 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. SCFIX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.77%, more than SCFIX's 5.00% 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% |
SCFIX Shenkman Capital Short Duration High Income Fund | 5.00% | 5.54% | 5.85% | 5.21% | 3.86% | 4.93% | 3.24% | 3.78% | 3.87% | 3.09% | 3.07% | 3.38% |
Drawdowns
HIX vs. SCFIX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than SCFIX's maximum drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for HIX and SCFIX.
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Drawdown Indicators
| HIX | SCFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -13.08% | -47.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -1.63% | -9.44% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -6.30% | -32.45% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -13.08% | -31.69% |
Current DrawdownCurrent decline from peak | -7.38% | -1.01% | -6.37% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -0.52% | -8.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 0.31% | +2.60% |
Volatility
HIX vs. SCFIX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.56% compared to Shenkman Capital Short Duration High Income Fund (SCFIX) at 0.79%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than SCFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | SCFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 0.79% | +6.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 1.19% | +9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 1.96% | +13.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 2.92% | +14.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 3.27% | +14.83% |