Allspring Multi-Sector Income Fund (ERC) 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 8, 2026.
Summary
On valuation, Allspring Multi-Sector Income Fund trades at a lower trailing P/E (9.0x vs 13.6x for Western Asset High Income Opportunity Fund). Western Asset High Income Opportunity Fund offers the higher dividend yield (13.07% vs 10.16%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | ERC | HIO |
|---|---|---|
| Share price | $8.54 | $3.26 |
| Market cap | $239.58M | — |
| 1-day change | -0.70% | -0.61% |
| P/E ratio (TTM) | 8.99 | 13.58 |
| EPS (TTM) | $0.95 | $0.24 |
| Dividend yield | 10.16% | 13.07% |
| Annual dividend | $0.868 | $0.426 |
| 52-week high | $9.78 | $3.89 |
| 52-week low | $8.39 | $3.24 |
| Distance from 52-week high | -12.68% | -16.20% |
| Average volume | 57.01K | 443.42K |
| Shares outstanding | 28.05M | — |
| Sector | Financial Services | Finance |
| Industry | Asset Management | 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
- Western Asset High Income Opportunity Fund trades at a higher earnings multiple (13.6x vs 9.0x trailing P/E).
- Western Asset High Income Opportunity Fund offers a meaningfully higher dividend yield (13.07% vs 10.16%).
- The two companies sit in different sectors: Allspring Multi-Sector Income Fund in Financial Services and Western Asset High Income Opportunity Fund in Finance.
About Allspring Multi-Sector Income Fund
ERC stock →Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc.
Financial Services · Asset Management
ERC vs HIO FAQ
Which has the lower P/E ratio, ERC or HIO?
ERC has the lower trailing P/E at 9.0, versus 13.6 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, Allspring Multi-Sector Income Fund or Western Asset High Income Opportunity Fund?
Western Asset High Income Opportunity Fund has the higher yield at 13.07%, compared with 10.16% for Allspring Multi-Sector Income Fund.
Are Allspring Multi-Sector Income Fund and Western Asset High Income Opportunity Fund in the same industry?
No. Allspring Multi-Sector Income Fund is in the Financial Services sector, while Western Asset High Income Opportunity Fund is in Finance.