HIX vs. VWEHX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Performance
HIX vs. VWEHX - Performance Comparison
Loading graphics...
HIX vs. VWEHX - 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% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | -1.15% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
Returns By Period
In the year-to-date period, HIX achieves a -2.12% return, which is significantly lower than VWEHX's -1.15% return. Over the past 10 years, HIX has outperformed VWEHX with an annualized return of 5.60%, while VWEHX has yielded a comparatively lower 5.18% 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%
VWEHX
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- -1.15%
- 6M
- 0.56%
- 1Y
- 6.47%
- 3Y*
- 7.55%
- 5Y*
- 3.89%
- 10Y*
- 5.18%
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. VWEHX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Return for Risk
HIX vs. VWEHX — Risk / Return Rank
HIX
VWEHX
HIX vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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 | VWEHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 1.90 | -1.31 |
Sortino ratioReturn per unit of downside risk | 0.90 | 2.86 | -1.96 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.46 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.79 | -2.05 |
Martin ratioReturn relative to average drawdown | 2.78 | 11.37 | -8.59 |
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 | VWEHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.90 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.80 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.99 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.87 | -0.55 |
Correlation
The correlation between HIX and VWEHX is 0.30, 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. VWEHX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.96%, more than VWEHX's 5.78% 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% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.78% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Drawdowns
HIX vs. VWEHX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than VWEHX's maximum drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for HIX and VWEHX.
Loading graphics...
Drawdown Indicators
| HIX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -30.17% | -30.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -2.52% | -8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -13.83% | -24.92% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -19.69% | -25.08% |
Current DrawdownCurrent decline from peak | -8.55% | -1.80% | -6.75% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -4.30% | -4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 0.62% | +2.32% |
Volatility
HIX vs. VWEHX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.64% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 1.39%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HIX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 1.39% | +6.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 2.29% | +8.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 3.45% | +11.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 4.85% | +12.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 5.26% | +12.84% |