Western Asset High Income Opportunity Fund (HIO) vs Nuveen AMT-Free Quality Municipal Income Fund (NEA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
On valuation, Nuveen AMT-Free Quality Municipal Income Fund trades at a lower trailing P/E (13.0x vs 13.6x for Western Asset High Income Opportunity Fund). Western Asset High Income Opportunity Fund offers the higher dividend yield (13.03% vs 8.65%).
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 | NEA |
|---|---|---|
| Share price | $3.27 | $10.01 |
| Market cap | — | $3.02B |
| 1-day change | +0.93% | +0.20% |
| P/E ratio (TTM) | 13.63 | 13.00 |
| EPS (TTM) | $0.24 | $0.77 |
| Dividend yield | 13.03% | 8.65% |
| Annual dividend | $0.426 | $0.866 |
| 52-week high | $3.89 | $11.90 |
| 52-week low | $3.24 | $9.53 |
| Distance from 52-week high | -15.94% | -15.88% |
| Analyst consensus | — | hold |
| Average volume | 449.40K | 1.54M |
| Shares outstanding | — | 302.13M |
| 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
- Western Asset High Income Opportunity Fund offers a meaningfully higher dividend yield (13.03% vs 8.65%).
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 Nuveen AMT-Free Quality Municipal Income Fund
NEA stock →Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC.
Finance · Finance/Investors Services
HIO vs NEA FAQ
Which has the lower P/E ratio, HIO or NEA?
NEA has the lower trailing P/E at 13.0, versus 13.6 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 Nuveen AMT-Free Quality Municipal Income Fund?
Western Asset High Income Opportunity Fund has the higher yield at 13.03%, compared with 8.65% for Nuveen AMT-Free Quality Municipal Income Fund.
Are Western Asset High Income Opportunity Fund and Nuveen AMT-Free Quality Municipal Income Fund in the same industry?
Yes. Both are classified in the Finance/Investors Services industry within the Finance sector.