HYI vs. FOCIX
Compare and contrast key facts about Western Asset High Yield Opportunity Fund Inc (HYI) and Fairholme Focused Income Fund (FOCIX).
HYI is managed by Franklin Templeton. It was launched on Jul 20, 2010. FOCIX is managed by Fairholme. It was launched on Dec 31, 2009.
Performance
HYI vs. FOCIX - Performance Comparison
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HYI vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYI Western Asset High Yield Opportunity Fund Inc | -1.52% | 4.09% | 7.58% | 6.72% | -13.48% | 10.04% | 6.78% | 27.90% | -6.36% | 8.57% |
FOCIX Fairholme Focused Income Fund | 6.09% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Returns By Period
In the year-to-date period, HYI achieves a -1.52% return, which is significantly lower than FOCIX's 6.09% return. Over the past 10 years, HYI has underperformed FOCIX with an annualized return of 6.01%, while FOCIX has yielded a comparatively higher 8.16% annualized return.
HYI
- 1D
- 0.28%
- 1M
- -2.66%
- YTD
- -1.52%
- 6M
- -3.55%
- 1Y
- 0.11%
- 3Y*
- 6.21%
- 5Y*
- 1.99%
- 10Y*
- 6.01%
FOCIX
- 1D
- -0.78%
- 1M
- -0.78%
- YTD
- 6.09%
- 6M
- 5.89%
- 1Y
- 8.09%
- 3Y*
- 11.48%
- 5Y*
- 9.76%
- 10Y*
- 8.16%
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HYI vs. FOCIX - Expense Ratio Comparison
HYI has a 0.02% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Return for Risk
HYI vs. FOCIX — Risk / Return Rank
HYI
FOCIX
HYI vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Yield Opportunity Fund Inc (HYI) and Fairholme Focused Income Fund (FOCIX). 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.
| HYI | FOCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.01 | 0.88 | -0.87 |
Sortino ratioReturn per unit of downside risk | 0.07 | 1.25 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.17 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.10 | -1.10 |
Martin ratioReturn relative to average drawdown | -0.02 | 4.45 | -4.46 |
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
| HYI | FOCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 0.88 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 1.01 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.89 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.79 | -0.44 |
Correlation
The correlation between HYI and FOCIX is 0.24, 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
HYI vs. FOCIX - Dividend Comparison
HYI's dividend yield for the trailing twelve months is around 10.64%, more than FOCIX's 1.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYI Western Asset High Yield Opportunity Fund Inc | 10.64% | 10.22% | 9.64% | 9.40% | 9.09% | 7.19% | 7.35% | 6.87% | 8.10% | 7.81% | 8.73% | 9.36% |
FOCIX Fairholme Focused Income Fund | 1.24% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
Drawdowns
HYI vs. FOCIX - Drawdown Comparison
The maximum HYI drawdown since its inception was -36.06%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for HYI and FOCIX.
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Drawdown Indicators
| HYI | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -18.78% | -17.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.19% | -7.32% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -26.35% | -12.36% | -13.99% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -18.61% | -17.45% |
Current DrawdownCurrent decline from peak | -6.00% | -1.35% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -4.81% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 1.84% | +1.76% |
Volatility
HYI vs. FOCIX - Volatility Comparison
Western Asset High Yield Opportunity Fund Inc (HYI) has a higher volatility of 3.77% compared to Fairholme Focused Income Fund (FOCIX) at 2.33%. This indicates that HYI's price experiences larger fluctuations and is considered to be riskier than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYI | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 2.33% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 5.68% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.37% | 9.27% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.26% | 9.74% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.96% | 9.18% | +3.78% |