John Hancock Diversified Income Fund (HEQ) vs Western Asset High Yield Opportunity Fund (HYI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
John Hancock Diversified Income Fund is the larger company by market cap ($134.8 million vs $124.9 million), about 1.1 times the size. On valuation, John Hancock Diversified Income Fund trades at a lower trailing P/E (6.7x vs 11.1x for Western Asset High Yield Opportunity Fund).
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 | HEQ | HYI |
|---|---|---|
| Share price | $11.30 | $9.75 |
| Market cap | $134.79M | $124.94M |
| 1-day change | +1.99% | +0.41% |
| P/E ratio (TTM) | 6.73 | 11.08 |
| EPS (TTM) | $1.68 | $0.88 |
| Dividend yield | 9.03% | 11.74% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $12.00 | $11.60 |
| 52-week low | $10.46 | $9.61 |
| Distance from 52-week high | -5.83% | -15.95% |
| Average volume | 22.84K | 62.23K |
| Shares outstanding | 11.93M | 12.81M |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
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 Yield Opportunity Fund trades at a higher earnings multiple (11.1x vs 6.7x trailing P/E).
- Western Asset High Yield Opportunity Fund offers a meaningfully higher dividend yield (11.74% vs 9.03%).
About John Hancock Diversified Income Fund
HEQ stock →John Hancock Diversified Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP.
Finance · Investment Managers
About Western Asset High Yield Opportunity Fund
HYI stock →Western Asset High Yield Opportunity Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Finance · Investment Managers
HEQ vs HYI FAQ
Which is bigger, John Hancock Diversified Income Fund or Western Asset High Yield Opportunity Fund?
John Hancock Diversified Income Fund (HEQ) is larger, with a market capitalization of $134.79M compared with $124.94M for Western Asset High Yield Opportunity Fund (HYI).
Which has the lower P/E ratio, HEQ or HYI?
HEQ has the lower trailing P/E at 6.7, versus 11.1 for HYI. 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, John Hancock Diversified Income Fund or Western Asset High Yield Opportunity Fund?
Western Asset High Yield Opportunity Fund has the higher yield at 11.74%, compared with 9.03% for John Hancock Diversified Income Fund.
Are John Hancock Diversified Income Fund and Western Asset High Yield Opportunity Fund in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.