CION Investment (CION) vs Highland Opportunities and Income Fund (HFRO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Highland Opportunities and Income Fund is the larger company by market cap ($359.5 million vs $342.5 million), about 1.0 times the size. On valuation, CION Investment trades at a lower trailing P/E (99.4x vs 130.2x for Highland Opportunities and Income Fund). CION Investment pays a dividend yielding 18.97%, while Highland Opportunities and Income Fund does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | CION | HFRO |
|---|---|---|
| Share price | $6.96 | $6.51 |
| Market cap | $342.45M | $359.47M |
| 1-day change | +1.02% | 0.00% |
| YTD return | -28.75% | — |
| 1-year return | -26.07% | — |
| 5-year return | -42.68% | — |
| P/E ratio (TTM) | 99.43 | 130.20 |
| Forward P/E | 6.08 | — |
| EPS (TTM) | $0.07 | $0.05 |
| Dividend yield | 18.97% | 7.10% |
| Annual dividend | $1.32 | $0.00 |
| 52-week high | $10.40 | $7.74 |
| 52-week low | $5.83 | $5.47 |
| Distance from 52-week high | -33.08% | -15.89% |
| Analyst consensus | none | — |
| Avg. price target upside | +25.72% | — |
| Average volume | 449.12K | 109.43K |
| Shares outstanding | 49.20M | 55.22M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Finance/Investors Services |
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
- Highland Opportunities and Income Fund trades at a higher earnings multiple (130.2x vs 99.4x trailing P/E).
- CION Investment offers a meaningfully higher dividend yield (18.97% vs 7.10%).
About CION Investment
CION stock →CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies.
Finance · Finance/Investors Services
About Highland Opportunities and Income Fund
HFRO stock →Highland Funds I - Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P.
Finance · Finance/Investors Services
CION vs HFRO FAQ
Which is bigger, CION Investment or Highland Opportunities and Income Fund?
Highland Opportunities and Income Fund (HFRO) is larger, with a market capitalization of $359.47M compared with $342.45M for CION Investment (CION).
Which has the lower P/E ratio, CION or HFRO?
CION has the lower trailing P/E at 99.4, versus 130.2 for HFRO. 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, CION Investment or Highland Opportunities and Income Fund?
CION Investment has the higher yield at 18.97%, compared with 7.10% for Highland Opportunities and Income Fund.
Are CION Investment and Highland Opportunities and Income Fund in the same industry?
Yes. Both are classified in the Finance/Investors Services industry within the Finance sector.