AllianceBernstein National Municipal Income Fund (AFB) vs Western Asset High Income Opportunity Fund (HIO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
On valuation, AllianceBernstein National Municipal Income Fund trades at a lower trailing P/E (11.9x vs 13.5x for Western Asset High Income Opportunity Fund). Western Asset High Income Opportunity Fund offers the higher dividend yield (13.15% vs 5.78%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AFB | HIO |
|---|---|---|
| Share price | $9.37 | $3.24 |
| 1-day change | +0.64% | -0.61% |
| P/E ratio (TTM) | 11.86 | 13.50 |
| EPS (TTM) | $0.79 | $0.24 |
| Dividend yield | 5.78% | 13.15% |
| Annual dividend | $0.542 | $0.426 |
| 52-week high | $11.50 | $3.89 |
| 52-week low | $9.28 | $3.24 |
| Distance from 52-week high | -18.52% | -16.71% |
| Average volume | 98.60K | 449.40K |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Western Asset High Income Opportunity Fund offers a meaningfully higher dividend yield (13.15% vs 5.78%).
About AllianceBernstein National Municipal Income Fund
AFB stock →AllianceBernstein National Municipal Income Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P.
Financial Services · Asset Management
About Western Asset High Income Opportunity Fund
HIO stock →Western Asset High Income Opportunity Fund Inc. is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Financial Services · Asset Management
AFB vs HIO FAQ
Which has the lower P/E ratio, AFB or HIO?
AFB has the lower trailing P/E at 11.9, versus 13.5 for HIO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, AllianceBernstein National Municipal Income Fund or Western Asset High Income Opportunity Fund?
Western Asset High Income Opportunity Fund has the higher yield at 13.15%, compared with 5.78% for AllianceBernstein National Municipal Income Fund.
Are AllianceBernstein National Municipal Income Fund and Western Asset High Income Opportunity Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.