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The 5-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk over the past five years. As of today (2026-09-22), Western Asset Highome Fund II's 5-Year Sharpe Ratio is -0.71.
Western Asset Highome Fund II (NYSE:HIX) 5-Year Sharpe Ratio Explanation
The 5-Year Sharpe Ratio inidicates the risk-adjusted return of an investment over the past five years. It is calculated as the annualized result of the average five-year monthly excess returns divided by its standard deviation in the five-year period. The monthly excess return is the monthly investment return minus the monthly risk-free rate (typically the 10-year Treasury Constant Maturity Rate). If the risk-free rate for a specific region is not available, U.S. data is used by default.
The greater a portfolio's Sharpe Ratio, the better its risk-adjusted performance. A negative Sharpe Ratio means the risk-free rate is greater than the portfolio’s historical or projected return, or else the portfolio's return is expected to be negative.
Western Asset Highome Fund II 5-Year Sharpe Ratio Related Terms
HIX vs JGH, AWP, JOF: 5-Year Sharpe Ratio Comparison
For the Asset Management subindustry, Western Asset Highome Fund II's 5-Year Sharpe Ratio, along with its competitors' market caps and 5-Year Sharpe Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Western Asset Highome Fund II 5-Year Sharpe Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Western Asset Highome Fund II's 5-Year Sharpe Ratio distribution charts can be found below:
* The bar in red indicates where Western Asset Highome Fund II's 5-Year Sharpe Ratio falls into.
Western Asset Highome Fund II 5-Year Sharpe Ratio Calculation
The 5-Year Sharpe Ratio measures the performance of an investment such as a stock or portfolio compared to a risk-free asset in the last five years. A stock / portfolio's 5-Year Sharpe Ratio can be calculated by dividing the difference between the five-year average monthly returns of the investment and the risk-free rate, by the standard deviation of the investment returns over the past five years.
Western Asset Highome Fund II (HIX) has a 5-Year Sharpe Ratio of -0.71 as of Sep. 22, 2026. 5-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk over the past five years. View historical data for Western Asset Highome Fund II and its competitors.
Is Western Asset Highome Fund II's 5-Year Sharpe Ratio too high?
Western Asset Highome Fund II's current 5-Year Sharpe Ratio is -0.71. Overall, Western Asset Highome Fund II has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Highome Fund II's 5-Year Sharpe Ratio compare to JGH and AWP?
Western Asset Highome Fund II's 5-Year Sharpe Ratio of -0.71 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year Sharpe Ratio for an Asset Management company?
A good 5-Year Sharpe Ratio depends on the Asset Management industry context. However, 5-Year Sharpe Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 5-Year Sharpe Ratio mean?
A high 5-Year Sharpe Ratio can signal that a stock is expensive relative to its fundamentals. 5-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk over the past five years. View historical data for Western Asset Highome Fund II and its competitors. Western Asset Highome Fund II's current 5-Year Sharpe Ratio is -0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Highome Fund II stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Highome Fund II (HIX) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.33, compared to a current price of $3.75 — trading 13.4% below its estimated fair value. The current 5-Year Sharpe Ratio is -0.71. Western Asset Highome Fund II's overall GF Score™ is 54/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Sharpe Ratio calculated?
5-Year Sharpe Ratio is calculated from a company's financial statements. For Western Asset Highome Fund II (HIX), the current 5-Year Sharpe Ratio is -0.71 as of Sep. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Western Asset Highome Fund II (HIX) Overvalued in 2026?
Based on GuruFocus' analysis, Western Asset Highome Fund II stock appears to be undervalued.
The current stock price of $3.75 is trading 13.4% below its estimated GF Value™ of $4.33.
GuruFocus considers Western Asset Highome Fund II to be Modestly Undervalued.
Key valuation signals for HIX:
5-Year Sharpe Ratio: -0.71
GF Value™: $4.33 vs. price of $3.75 (13.4% below fair value)
No single metric tells the full story. See the HIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Asset High Income Fund II Inc is a diversified, closed-end management investment company based in the United States. Its primary investment objective is to maximize current income by investing at least 80% of its net assets, plus borrowings for investment purposes, in high-yield debt securities, commonly known as junk bonds. As a secondary objective, the fund seeks capital appreciation consistent with its income goal. The portfolio is managed by Western Asset Management Company, a specialist fixed-income manager, and invests across corporate bonds, convertible securities, and other income-producing instruments, primarily in U.S. markets. The fund is traded on the New York Stock Exchange under the ticker HIX and typically employs leverage to enhance returns. It generates revenue for shareholders through interest income and capital gains distributed as monthly dividends, serving individual and institutional investors seeking high current income.
54GF Score
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