HIX vs. XILSX

Last updated Apr 1, 2026

Compare and contrast key facts about Western Asset High Income Fund II (HIX) and Pioneer ILS Interval Fund (XILSX).

HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. XILSX is managed by Amundi. It was launched on Dec 16, 2014.

Performance

HIX vs. XILSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Western Asset High Income Fund II (HIX) and Pioneer ILS Interval Fund (XILSX). The values are adjusted to include any dividend payments, if applicable.

HIX vs. XILSX - 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%	3.83%
XILSX Pioneer ILS Interval Fund	5.18%	18.70%	18.93%	18.65%	1.23%	-1.10%	7.37%	2.60%	-2.11%	-8.83%

Returns By Period

In the year-to-date period, HIX achieves a -0.88% return, which is significantly lower than XILSX's 5.18% 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%

XILSX

• 1D: 0.00%
• 1M: 1.50%
• YTD: 5.18%
• 6M: 11.15%
• 1Y: 25.12%
• 3Y*: 19.56%
• 5Y*: 11.91%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIX vs. XILSX - Expense Ratio Comparison

HIX has a 3.70% expense ratio, which is higher than XILSX's 1.88% expense ratio.

HIX

Western Asset High Income Fund II

XILSX

Pioneer ILS Interval Fund

Return for Risk

HIX vs. XILSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIX

HIX Risk / Return Rank: 27
HIX Sharpe Ratio Rank: 27
HIX Sortino Ratio Rank: 25
HIX Omega Ratio Rank: 27
HIX Calmar Ratio Rank: 29
HIX Martin Ratio Rank: 29

XILSX

XILSX Risk / Return Rank: 100
XILSX Sharpe Ratio Rank: 100
XILSX Sortino Ratio Rank: 100
XILSX Omega Ratio Rank: 100
XILSX Calmar Ratio Rank: 100
XILSX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIX vs. XILSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and Pioneer ILS Interval Fund (XILSX). 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	XILSX	Difference
Sharpe ratio Return per unit of total volatility	0.64	8.38	-7.74
Sortino ratio Return per unit of downside risk	0.95	71.70	-70.75
Omega ratio Gain probability vs. loss probability	1.14	31.20	-30.06
Calmar ratio Return relative to maximum drawdown	0.82	120.30	-119.48
Martin ratio Return relative to average drawdown	3.10	749.82	-746.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIX vs. XILSX - Sharpe Ratio Comparison

The current HIX Sharpe Ratio is 0.64, which is lower than the XILSX Sharpe Ratio of 8.38. The chart below compares the historical Sharpe Ratios of HIX and XILSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HIX	XILSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	8.38	-7.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	3.19	-3.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.58	-1.25

Correlation

The correlation between HIX and XILSX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

HIX vs. XILSX - Dividend Comparison

HIX's dividend yield for the trailing twelve months is around 14.77%, more than XILSX's 9.04% 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%
XILSX Pioneer ILS Interval Fund	9.04%	9.51%	13.06%	12.82%	2.68%	2.04%	5.20%	6.63%	6.40%	0.00%	0.00%	0.00%

Drawdowns

HIX vs. XILSX - Drawdown Comparison

The maximum HIX drawdown since its inception was -61.03%, which is greater than XILSX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for HIX and XILSX.

Drawdown Indicators

	HIX	XILSX	Difference
Max Drawdown Largest peak-to-trough decline	-61.03%	-14.53%	-46.50%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-0.21%	-10.86%
Max Drawdown (5Y) Largest decline over 5 years	-38.75%	-6.27%	-32.48%
Max Drawdown (10Y) Largest decline over 10 years	-44.77%	—	—
Current Drawdown Current decline from peak	-7.38%	0.00%	-7.38%
Average Drawdown Average peak-to-trough decline	-8.94%	-5.00%	-3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	0.03%	+2.88%

Volatility

HIX vs. XILSX - Volatility Comparison

Western Asset High Income Fund II (HIX) has a higher volatility of 7.56% compared to Pioneer ILS Interval Fund (XILSX) at 0.73%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than XILSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIX	XILSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.56%	0.73%	+6.83%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	2.18%	+8.60%
Volatility (1Y) Calculated over the trailing 1-year period	15.12%	3.04%	+12.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	3.75%	+13.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	3.95%	+14.15%