Western Asset High Income Fund II (HIX) vs RiverNorth Flexible Municipal Income Fund II (RFMZ)
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 ($315.2 million vs $279.6 million), about 1.1 times the size. On valuation, Western Asset High Income Fund II trades at a lower trailing P/E (6.9x vs 7.2x for RiverNorth Flexible Municipal Income Fund II). Western Asset High Income Fund II pays a dividend yielding 16.80%, while RiverNorth Flexible Municipal Income Fund II does not currently pay one.
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 | RFMZ |
|---|---|---|
| Share price | $3.50 | $11.48 |
| Market cap | $315.24M | $279.56M |
| 1-day change | +0.57% | +1.23% |
| YTD return | — | -9.32% |
| 1-year return | — | -12.90% |
| 5-year return | — | -45.24% |
| P/E ratio (TTM) | 6.86 | 7.17 |
| EPS (TTM) | $0.51 | $1.60 |
| Dividend yield | 16.80% | 8.51% |
| Annual dividend | $0.588 | $0.00 |
| 52-week high | $4.35 | $13.70 |
| 52-week low | $3.45 | $11.31 |
| Distance from 52-week high | -19.54% | -16.20% |
| Average volume | 371.59K | 73.89K |
| Shares outstanding | 90.07M | 24.35M |
| 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 Fund II offers a meaningfully higher dividend yield (16.80% vs 8.51%).
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.
Finance · Finance/Investors Services
HIX vs RFMZ FAQ
Which is bigger, Western Asset High Income Fund II or RiverNorth Flexible Municipal Income Fund II?
Western Asset High Income Fund II (HIX) is larger, with a market capitalization of $315.24M compared with $279.56M for RiverNorth Flexible Municipal Income Fund II (RFMZ).
Which has the lower P/E ratio, HIX or RFMZ?
HIX has the lower trailing P/E at 6.9, versus 7.2 for RFMZ. 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 RiverNorth Flexible Municipal Income Fund II?
Western Asset High Income Fund II has the higher yield at 16.80%, compared with 8.51% for RiverNorth Flexible Municipal Income Fund II.
Are Western Asset High Income Fund II and RiverNorth Flexible Municipal Income Fund II in the same industry?
Yes. Both are classified in the Finance/Investors Services industry within the Finance sector.