HIX vs. SHRAX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and ClearBridge Aggressive Growth Fund (SHRAX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. SHRAX is managed by Franklin Templeton. It was launched on Oct 24, 1983.
Performance
HIX vs. SHRAX - Performance Comparison
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HIX vs. SHRAX - 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% |
SHRAX ClearBridge Aggressive Growth Fund | -7.17% | 13.50% | 12.02% | 24.09% | -25.43% | 7.35% | 19.74% | 24.26% | -7.93% | 14.22% |
Returns By Period
In the year-to-date period, HIX achieves a -2.12% return, which is significantly higher than SHRAX's -7.17% return. Over the past 10 years, HIX has underperformed SHRAX with an annualized return of 5.60%, while SHRAX has yielded a comparatively higher 7.12% annualized return.
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%
SHRAX
- 1D
- 3.40%
- 1M
- -6.68%
- YTD
- -7.17%
- 6M
- -8.75%
- 1Y
- 13.06%
- 3Y*
- 10.93%
- 5Y*
- 1.80%
- 10Y*
- 7.12%
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HIX vs. SHRAX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than SHRAX's 1.11% expense ratio.
Return for Risk
HIX vs. SHRAX — Risk / Return Rank
HIX
SHRAX
HIX vs. SHRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and ClearBridge Aggressive Growth Fund (SHRAX). 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 | SHRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 0.62 | -0.02 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.04 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.14 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.96 | -0.22 |
Martin ratioReturn relative to average drawdown | 2.78 | 3.02 | -0.24 |
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 | SHRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.62 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.09 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.34 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.45 | -0.13 |
Correlation
The correlation between HIX and SHRAX 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. SHRAX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.96%, less than SHRAX's 23.99% 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% |
SHRAX ClearBridge Aggressive Growth Fund | 23.99% | 22.27% | 20.39% | 13.77% | 15.63% | 26.11% | 18.42% | 12.71% | 18.97% | 5.97% | 4.76% | 4.03% |
Drawdowns
HIX vs. SHRAX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than SHRAX's maximum drawdown of -57.26%. Use the drawdown chart below to compare losses from any high point for HIX and SHRAX.
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Drawdown Indicators
| HIX | SHRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -57.26% | -3.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -14.59% | +3.52% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -33.77% | -4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -33.77% | -11.00% |
Current DrawdownCurrent decline from peak | -8.55% | -11.69% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -11.29% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 4.62% | -1.68% |
Volatility
HIX vs. SHRAX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.64% compared to ClearBridge Aggressive Growth Fund (SHRAX) at 7.07%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than SHRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | SHRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 7.07% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 13.63% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 23.09% | -7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 20.84% | -3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 20.85% | -2.75% |