SDHY vs. HIO
Compare and contrast key facts about PGIM Short Duration High Yield Opportunities Fund (SDHY) and Western Asset High Income Opportunity Fund Inc (HIO).
SDHY is managed by PGIM. HIO is managed by Franklin Templeton. It was launched on Jan 1, 2009.
Performance
SDHY vs. HIO - Performance Comparison
Loading graphics...
SDHY vs. HIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SDHY PGIM Short Duration High Yield Opportunities Fund | -1.32% | 10.37% | 16.68% | 11.40% | -13.33% | -3.05% | 2.35% |
HIO Western Asset High Income Opportunity Fund Inc | 0.68% | 5.33% | 13.58% | 8.07% | -17.09% | 12.80% | -0.55% |
Returns By Period
In the year-to-date period, SDHY achieves a -1.32% return, which is significantly lower than HIO's 0.68% return.
SDHY
- 1D
- 2.63%
- 1M
- -3.77%
- YTD
- -1.32%
- 6M
- -0.35%
- 1Y
- 5.14%
- 3Y*
- 11.42%
- 5Y*
- 4.37%
- 10Y*
- —
HIO
- 1D
- 2.83%
- 1M
- -2.24%
- YTD
- 0.68%
- 6M
- 0.05%
- 1Y
- 1.96%
- 3Y*
- 9.66%
- 5Y*
- 3.20%
- 10Y*
- 6.25%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SDHY vs. HIO - Expense Ratio Comparison
SDHY has a 0.70% expense ratio, which is higher than HIO's 0.02% expense ratio.
Return for Risk
SDHY vs. HIO — Risk / Return Rank
SDHY
HIO
SDHY vs. HIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Opportunities Fund (SDHY) and Western Asset High Income Opportunity Fund Inc (HIO). 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.
| SDHY | HIO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.14 | +0.35 |
Sortino ratioReturn per unit of downside risk | 0.74 | 0.28 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.04 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.11 | +0.48 |
Martin ratioReturn relative to average drawdown | 2.24 | 0.35 | +1.89 |
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
| SDHY | HIO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.14 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.25 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.34 | 0.00 |
Correlation
The correlation between SDHY and HIO is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SDHY vs. HIO - Dividend Comparison
SDHY's dividend yield for the trailing twelve months is around 8.09%, less than HIO's 11.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHY PGIM Short Duration High Yield Opportunities Fund | 8.09% | 7.88% | 8.04% | 8.64% | 8.82% | 7.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HIO Western Asset High Income Opportunity Fund Inc | 11.74% | 11.48% | 10.84% | 9.90% | 9.11% | 7.02% | 7.86% | 6.91% | 7.31% | 7.04% | 8.44% | 9.08% |
Drawdowns
SDHY vs. HIO - Drawdown Comparison
The maximum SDHY drawdown since its inception was -22.65%, smaller than the maximum HIO drawdown of -49.69%. Use the drawdown chart below to compare losses from any high point for SDHY and HIO.
Loading graphics...
Drawdown Indicators
| SDHY | HIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.65% | -49.69% | +27.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -11.25% | +2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -26.18% | +3.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.57% | — |
Current DrawdownCurrent decline from peak | -3.83% | -4.05% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -6.48% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 3.44% | -1.14% |
Volatility
SDHY vs. HIO - Volatility Comparison
The current volatility for PGIM Short Duration High Yield Opportunities Fund (SDHY) is 4.20%, while Western Asset High Income Opportunity Fund Inc (HIO) has a volatility of 4.99%. This indicates that SDHY experiences smaller price fluctuations and is considered to be less risky than HIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SDHY | HIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 4.99% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 5.78% | 7.74% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 13.77% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.71% | 12.75% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.12% | 15.97% | -4.85% |