HYI vs. FQTIX
Compare and contrast key facts about Western Asset High Yield Opportunity Fund Inc (HYI) and Franklin Templeton SMACS: Series I (FQTIX).
HYI is managed by Franklin Templeton. It was launched on Jul 20, 2010. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
HYI vs. FQTIX - Performance Comparison
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HYI vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYI Western Asset High Yield Opportunity Fund Inc | -1.52% | 4.09% | 7.58% | 6.72% | -13.48% | 10.04% | 6.78% | 13.67% |
FQTIX Franklin Templeton SMACS: Series I | 1.02% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, HYI achieves a -1.52% return, which is significantly lower than FQTIX's 1.02% 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%
FQTIX
- 1D
- 0.50%
- 1M
- -1.34%
- YTD
- 1.02%
- 6M
- 3.05%
- 1Y
- 9.98%
- 3Y*
- 8.04%
- 5Y*
- 3.70%
- 10Y*
- —
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HYI vs. FQTIX - Expense Ratio Comparison
HYI has a 0.02% expense ratio, which is higher than FQTIX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
HYI vs. FQTIX — Risk / Return Rank
HYI
FQTIX
HYI vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Yield Opportunity Fund Inc (HYI) and Franklin Templeton SMACS: Series I (FQTIX). 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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.01 | 2.68 | -2.66 |
Sortino ratioReturn per unit of downside risk | 0.07 | 3.64 | -3.57 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.64 | -0.63 |
Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.19 | -4.20 |
Martin ratioReturn relative to average drawdown | -0.02 | 18.41 | -18.42 |
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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 2.68 | -2.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.63 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.56 | -0.20 |
Correlation
The correlation between HYI and FQTIX is 0.33, 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. FQTIX - Dividend Comparison
HYI's dividend yield for the trailing twelve months is around 10.64%, more than FQTIX's 7.00% 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% |
FQTIX Franklin Templeton SMACS: Series I | 7.00% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYI vs. FQTIX - Drawdown Comparison
The maximum HYI drawdown since its inception was -36.06%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for HYI and FQTIX.
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Drawdown Indicators
| HYI | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -24.62% | -11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.19% | -2.41% | -5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -26.35% | -18.81% | -7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | — | — |
Current DrawdownCurrent decline from peak | -6.00% | -1.47% | -4.53% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -4.42% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 0.55% | +3.05% |
Volatility
HYI vs. FQTIX - Volatility Comparison
Western Asset High Yield Opportunity Fund Inc (HYI) has a higher volatility of 3.77% compared to Franklin Templeton SMACS: Series I (FQTIX) at 1.68%. This indicates that HYI's price experiences larger fluctuations and is considered to be riskier than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYI | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 1.68% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 2.43% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.37% | 3.87% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.26% | 5.93% | +5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.96% | 7.80% | +5.16% |