Western Asset High Income Fund II (HIX) vs Invesco Municipal Income Opportunities (OIA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Western Asset High Income Fund II is the larger company by market cap ($313.4 million vs $274.6 million), about 1.1 times the size. On valuation, Western Asset High Income Fund II trades at a lower trailing P/E (6.8x vs 30.2x for Invesco Municipal Income Opportunities). Western Asset High Income Fund II offers the higher dividend yield (16.90% vs 6.09%).
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 | HIX | OIA |
|---|---|---|
| Share price | $3.48 | $5.73 |
| Market cap | $313.44M | $274.65M |
| 1-day change | -0.29% | +0.53% |
| YTD return | — | -4.66% |
| 1-year return | — | -5.45% |
| 5-year return | — | -27.74% |
| P/E ratio (TTM) | 6.82 | 30.16 |
| EPS (TTM) | $0.51 | $0.19 |
| Dividend yield | 16.90% | 6.09% |
| Annual dividend | $0.588 | $0.349 |
| 52-week high | $4.35 | $6.40 |
| 52-week low | $3.45 | $5.09 |
| Distance from 52-week high | -20.00% | -10.47% |
| Average volume | 368.52K | 162.52K |
| Shares outstanding | 90.07M | 47.93M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | 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
- Invesco Municipal Income Opportunities trades at a higher earnings multiple (30.2x vs 6.8x trailing P/E).
- Western Asset High Income Fund II offers a meaningfully higher dividend yield (16.90% vs 6.09%).
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
About Invesco Municipal Income Opportunities
OIA stock →Invesco Municipal Income Opportunities Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd.
Financial Services · Asset Management
HIX vs OIA FAQ
Which is bigger, Western Asset High Income Fund II or Invesco Municipal Income Opportunities?
Western Asset High Income Fund II (HIX) is larger, with a market capitalization of $313.44M compared with $274.65M for Invesco Municipal Income Opportunities (OIA).
Which has the lower P/E ratio, HIX or OIA?
HIX has the lower trailing P/E at 6.8, versus 30.2 for OIA. 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 Fund II or Invesco Municipal Income Opportunities?
Western Asset High Income Fund II has the higher yield at 16.90%, compared with 6.09% for Invesco Municipal Income Opportunities.
Are Western Asset High Income Fund II and Invesco Municipal Income Opportunities in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.