Western Asset High Income Opportunity Fund (HIO) vs NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
On valuation, NYLIM MacKay DefinedTerm Muni Opportunities Fund trades at a lower trailing P/E (9.8x vs 13.5x for Western Asset High Income Opportunity Fund). Western Asset High Income Opportunity Fund offers the higher dividend yield (13.15% vs 5.38%).
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 | MMD |
|---|---|---|
| Share price | $3.24 | $13.65 |
| 1-day change | -0.61% | -0.07% |
| P/E ratio (TTM) | 13.50 | 9.82 |
| EPS (TTM) | $0.24 | $1.39 |
| Dividend yield | 13.15% | 5.38% |
| Annual dividend | $0.426 | $0.735 |
| 52-week high | $3.89 | $15.82 |
| 52-week low | $3.24 | $13.24 |
| Distance from 52-week high | -16.71% | -13.72% |
| Average volume | 449.40K | 72.13K |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | 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 Income Opportunity Fund trades at a higher earnings multiple (13.5x vs 9.8x trailing P/E).
- Western Asset High Income Opportunity Fund offers a meaningfully higher dividend yield (13.15% vs 5.38%).
About Western Asset High Income Opportunity Fund
HIO stock →Western Asset High Income Opportunity Fund Inc. is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Finance · Finance/Investors Services
About NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD stock →MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. The fund is co-managed by MacKay Shields LLC.
Finance · Investment Managers
HIO vs MMD FAQ
Which has the lower P/E ratio, HIO or MMD?
MMD has the lower trailing P/E at 9.8, 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 NYLIM MacKay DefinedTerm Muni Opportunities Fund?
Western Asset High Income Opportunity Fund has the higher yield at 13.15%, compared with 5.38% for NYLIM MacKay DefinedTerm Muni Opportunities Fund.
Are Western Asset High Income Opportunity Fund and NYLIM MacKay DefinedTerm Muni Opportunities Fund in the same industry?
Both are in the Finance sector, but in different industries: Finance/Investors Services for Western Asset High Income Opportunity Fund and Investment Managers for NYLIM MacKay DefinedTerm Muni Opportunities Fund.