Highland Opportunities and Income Fund (HFRO) 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
Highland Opportunities and Income Fund is the larger company by market cap ($360.6 million vs $314.8 million), about 1.1 times the size. On valuation, Western Asset High Income Fund II trades at a lower trailing P/E (7.0x vs 130.6x for Highland Opportunities and Income Fund). Western Asset High Income Fund II pays a dividend yielding 16.82%, 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 | HFRO | HIX |
|---|---|---|
| Share price | $6.53 | $3.50 |
| Market cap | $360.58M | $314.79M |
| 1-day change | +0.31% | +0.14% |
| P/E ratio (TTM) | 130.60 | 6.99 |
| EPS (TTM) | $0.05 | $0.50 |
| Dividend yield | 7.10% | 16.82% |
| Annual dividend | $0.00 | $0.588 |
| 52-week high | $7.74 | $4.37 |
| 52-week low | $5.47 | $3.46 |
| Distance from 52-week high | -15.63% | -20.02% |
| Average volume | 112.19K | 371.85K |
| Shares outstanding | 55.22M | 90.07M |
| 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 (130.6x vs 7.0x trailing P/E).
- Western Asset High Income Fund II offers a meaningfully higher dividend yield (16.82% vs 7.10%).
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
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.
Finance · Finance/Investors Services
HFRO vs HIX FAQ
Which is bigger, Highland Opportunities and Income Fund or Western Asset High Income Fund II?
Highland Opportunities and Income Fund (HFRO) is larger, with a market capitalization of $360.58M compared with $314.79M for Western Asset High Income Fund II (HIX).
Which has the lower P/E ratio, HFRO or HIX?
HIX has the lower trailing P/E at 7.0, versus 130.6 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, Highland Opportunities and Income Fund or Western Asset High Income Fund II?
Western Asset High Income Fund II has the higher yield at 16.82%, compared with 7.10% for Highland Opportunities and Income Fund.
Are Highland Opportunities and Income Fund and Western Asset High Income Fund II in the same industry?
Yes. Both are classified in the Finance/Investors Services industry within the Finance sector.