Western Asset High Income Opportunity Fund (HIO) 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 13.5x for Western Asset High Income Opportunity Fund). Western Asset High Income Fund II offers the higher dividend yield (16.90% vs 13.15%).
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 | HIO | HIX |
|---|---|---|
| Share price | $3.24 | $3.48 |
| Market cap | — | $313.44M |
| 1-day change | -0.61% | -0.29% |
| P/E ratio (TTM) | 13.50 | 6.96 |
| EPS (TTM) | $0.24 | $0.50 |
| Dividend yield | 13.15% | 16.90% |
| Annual dividend | $0.426 | $0.588 |
| 52-week high | $3.89 | $4.37 |
| 52-week low | $3.24 | $3.45 |
| Distance from 52-week high | -16.71% | -20.37% |
| Average volume | 443.45K | 371.85K |
| Shares outstanding | — | 90.07M |
| Sector | Finance | Financial Services |
| Industry | Finance/Investors Services | 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
- Western Asset High Income Opportunity Fund trades at a higher earnings multiple (13.5x vs 7.0x trailing P/E).
- Western Asset High Income Fund II offers a meaningfully higher dividend yield (16.90% vs 13.15%).
- The two companies sit in different sectors: Western Asset High Income Opportunity Fund in Finance and Western Asset High Income Fund II in Financial 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.
Financial Services · Asset Management
HIO vs HIX FAQ
Which has the lower P/E ratio, HIO or HIX?
HIX has the lower trailing P/E at 7.0, versus 13.5 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, Western Asset High Income Opportunity Fund or Western Asset High Income Fund II?
Western Asset High Income Fund II has the higher yield at 16.90%, compared with 13.15% for Western Asset High Income Opportunity Fund.
Are Western Asset High Income Opportunity Fund and Western Asset High Income Fund II in the same industry?
No. Western Asset High Income Opportunity Fund is in the Finance sector, while Western Asset High Income Fund II is in Financial Services.