Eaton Vance Floating Rate Income (EFT) 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 8, 2026.
Summary
On valuation, Western Asset High Income Fund II trades at a lower trailing P/E (7.0x vs 42.5x for Eaton Vance Floating Rate Income). Western Asset High Income Fund II offers the higher dividend yield (16.85% vs 9.42%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | EFT | HIX |
|---|---|---|
| Share price | $10.62 | $3.49 |
| Market cap | — | $314.34M |
| 1-day change | -0.38% | -1.41% |
| YTD return | -5.93% | — |
| 1-year return | -9.85% | — |
| 5-year return | -29.06% | — |
| P/E ratio (TTM) | 42.48 | 6.98 |
| EPS (TTM) | $0.25 | $0.50 |
| Dividend yield | 9.42% | 16.85% |
| Annual dividend | $1.00 | $0.588 |
| 52-week high | $11.92 | $4.37 |
| 52-week low | $10.31 | $3.46 |
| Distance from 52-week high | -10.91% | -20.14% |
| Average volume | 112.86K | 372.80K |
| Shares outstanding | — | 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
- Eaton Vance Floating Rate Income trades at a higher earnings multiple (42.5x vs 7.0x trailing P/E).
- Western Asset High Income Fund II offers a meaningfully higher dividend yield (16.85% vs 9.42%).
About Eaton Vance Floating Rate Income
EFT stock →Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States.
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
EFT vs HIX FAQ
Which has the lower P/E ratio, EFT or HIX?
HIX has the lower trailing P/E at 7.0, versus 42.5 for EFT. 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, Eaton Vance Floating Rate Income or Western Asset High Income Fund II?
Western Asset High Income Fund II has the higher yield at 16.85%, compared with 9.42% for Eaton Vance Floating Rate Income.
Are Eaton Vance Floating Rate Income 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.