Western Asset High Income Opportunity Fund (HIO) vs Nuveen Arizona Quality Municipal Income Fund (NAZ)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
On valuation, Western Asset High Income Opportunity Fund trades at a lower trailing P/E (13.5x vs 18.9x for Nuveen Arizona Quality Municipal Income Fund). Western Asset High Income Opportunity Fund offers the higher dividend yield (13.15% vs 7.80%).
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 | NAZ |
|---|---|---|
| Share price | $3.24 | $10.61 |
| 1-day change | -0.61% | +0.09% |
| P/E ratio (TTM) | 13.50 | 18.95 |
| EPS (TTM) | $0.24 | $0.56 |
| Dividend yield | 13.15% | 7.80% |
| Annual dividend | $0.426 | $0.828 |
| 52-week high | $3.89 | $13.42 |
| 52-week low | $3.24 | $10.18 |
| Distance from 52-week high | -16.71% | -20.94% |
| Average volume | 449.40K | 31.34K |
| 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
- Nuveen Arizona Quality Municipal Income Fund trades at a higher earnings multiple (18.9x vs 13.5x trailing P/E).
- Western Asset High Income Opportunity Fund offers a meaningfully higher dividend yield (13.15% vs 7.80%).
- The two companies sit in different sectors: Western Asset High Income Opportunity Fund in Financial Services and Nuveen Arizona Quality Municipal Income Fund in Finance.
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.
Financial Services · Asset Management
HIO vs NAZ FAQ
Which has the lower P/E ratio, HIO or NAZ?
HIO has the lower trailing P/E at 13.5, versus 18.9 for NAZ. 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 Nuveen Arizona Quality Municipal Income Fund?
Western Asset High Income Opportunity Fund has the higher yield at 13.15%, compared with 7.80% for Nuveen Arizona Quality Municipal Income Fund.
Are Western Asset High Income Opportunity Fund and Nuveen Arizona Quality Municipal Income Fund in the same industry?
No. Western Asset High Income Opportunity Fund is in the Financial Services sector, while Nuveen Arizona Quality Municipal Income Fund is in Finance.