Ares Dynamic Credit Allocation Fund (ARDC) vs Western Asset High Income Fund II (HIX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Western Asset High Income Fund II is the larger company by market cap ($313.4 million vs $272.7 million), about 1.1 times the size. On valuation, Western Asset High Income Fund II trades at a lower trailing P/E (6.8x vs 54.2x for Ares Dynamic Credit Allocation Fund). Western Asset High Income Fund II pays a dividend yielding 16.90%, while Ares Dynamic Credit Allocation Fund does not currently pay one.
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 | ARDC | HIX |
|---|---|---|
| Share price | $11.38 | $3.48 |
| Market cap | $272.73M | $313.44M |
| 1-day change | +0.18% | -0.29% |
| YTD return | -14.44% | — |
| 1-year return | -17.30% | — |
| 5-year return | -31.11% | — |
| P/E ratio (TTM) | 54.19 | 6.82 |
| EPS (TTM) | $0.21 | $0.51 |
| Dividend yield | 11.86% | 16.90% |
| Annual dividend | $0.00 | $0.588 |
| 52-week high | $13.99 | $4.35 |
| 52-week low | $11.25 | $3.45 |
| Distance from 52-week high | -18.66% | -20.00% |
| Average volume | 111.52K | 368.52K |
| Shares outstanding | 23.97M | 90.07M |
| 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
- Ares Dynamic Credit Allocation Fund trades at a higher earnings multiple (54.2x vs 6.8x trailing P/E).
- Western Asset High Income Fund II offers a meaningfully higher dividend yield (16.90% vs 11.86%).
About Ares Dynamic Credit Allocation Fund
ARDC stock →Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income fund launched by Ares Management LLC.
Financial Services · Asset Management
About Western Asset High Income Fund II
HIX stock →Western Asset High Income Fund II Inc. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Financial Services · Asset Management
ARDC vs HIX FAQ
Which is bigger, Ares Dynamic Credit Allocation Fund or Western Asset High Income Fund II?
Western Asset High Income Fund II (HIX) is larger, with a market capitalization of $313.44M compared with $272.73M for Ares Dynamic Credit Allocation Fund (ARDC).
Which has the lower P/E ratio, ARDC or HIX?
HIX has the lower trailing P/E at 6.8, versus 54.2 for ARDC. 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, Ares Dynamic Credit Allocation Fund or Western Asset High Income Fund II?
Western Asset High Income Fund II has the higher yield at 16.90%, compared with 11.86% for Ares Dynamic Credit Allocation Fund.
Are Ares Dynamic Credit Allocation Fund and Western Asset High Income Fund II in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.