HIX vs. SHAPX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and ClearBridge Appreciation Fund (SHAPX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. SHAPX is managed by Franklin Templeton. It was launched on Mar 10, 1970.
Performance
HIX vs. SHAPX - Performance Comparison
Loading graphics...
HIX vs. SHAPX - 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% |
SHAPX ClearBridge Appreciation Fund | -6.24% | 14.32% | 22.37% | 19.50% | -12.56% | 23.52% | 14.53% | 29.84% | -2.19% | 18.31% |
Returns By Period
In the year-to-date period, HIX achieves a -0.88% return, which is significantly higher than SHAPX's -6.24% return. Over the past 10 years, HIX has underperformed SHAPX with an annualized return of 5.73%, while SHAPX has yielded a comparatively higher 11.99% 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%
SHAPX
- 1D
- -0.06%
- 1M
- -7.91%
- YTD
- -6.24%
- 6M
- -5.30%
- 1Y
- 10.69%
- 3Y*
- 14.58%
- 5Y*
- 10.06%
- 10Y*
- 11.99%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HIX vs. SHAPX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than SHAPX's 0.93% expense ratio.
Return for Risk
HIX vs. SHAPX — Risk / Return Rank
HIX
SHAPX
HIX vs. SHAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and ClearBridge Appreciation Fund (SHAPX). 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 | SHAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.72 | -0.08 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.13 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.89 | -0.08 |
Martin ratioReturn relative to average drawdown | 3.10 | 4.11 | -1.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HIX | SHAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.72 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.68 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.72 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.77 | -0.45 |
Correlation
The correlation between HIX and SHAPX 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. SHAPX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.77%, less than SHAPX's 15.01% 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% |
SHAPX ClearBridge Appreciation Fund | 15.01% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
Drawdowns
HIX vs. SHAPX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than SHAPX's maximum drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for HIX and SHAPX.
Loading graphics...
Drawdown Indicators
| HIX | SHAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -46.19% | -14.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -10.57% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -20.53% | -18.22% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -32.21% | -12.56% |
Current DrawdownCurrent decline from peak | -7.38% | -8.74% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -4.79% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.29% | +0.62% |
Volatility
HIX vs. SHAPX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.56% compared to ClearBridge Appreciation Fund (SHAPX) at 3.74%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than SHAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HIX | SHAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 3.74% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 7.86% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 15.90% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 14.85% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 16.70% | +1.40% |