HIO Western Asset High Income Opportunity Fund, Inc.

Last close: 3.33
504-day return: +5.51%
Median $/day: $1.2M
Relationships shown: 14

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

HIO vs HIX

Both indexed to 100 at 2026-05-11.

HIO HIX · range 92–105 · 2026-05-11 → 2026-11-06

Moves with HIO

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

HIX Western Asset High Income Fund II, Inc.

ρ +0.51beyond mkt +0.36holdout +0.65stable 100%robust

RDFI Rareview Dynamic Fixed Income ETF

ρ +0.56beyond mkt +0.36holdout +0.64stable 100%robust

BGH Barings Global Short Duration High Yield Fund

ρ +0.52beyond mkt +0.35holdout +0.64stable 100%robust

EAD Allspring Income Opportunities Fund

ρ +0.54beyond mkt +0.35holdout +0.64stable 100%robust

WDI Western Asset Diversified Income Fund

ρ +0.51beyond mkt +0.35holdout +0.61stable 100%robust

RA Brookfield Real Assets Income Fund Inc.

ρ +0.50beyond mkt +0.33holdout +0.59stable 100%robust

Moves against HIO

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.37beyond mkt -0.04holdout -0.55stable 75%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.33beyond mkt +0.04holdout -0.46stable 88%robust

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

MEAR iShares Short Maturity Municipal Bond Active ETF

horizon 10dρ +0.56holdout +0.66stable 50%moderate

OBDC Blue Owl Capital Corporation

horizon 10dρ +0.48holdout +0.60stable 62%moderate

VLY Valley National Bancorp Common Stock

horizon 10dρ +0.45holdout +0.73stable 75%robust

ABCB Ameris Bancorp

horizon 10dρ +0.45holdout +0.72stable 75%robust

TSEC Touchstone Securitized Income ETF

horizon 10dρ +0.43holdout +0.70stable 25%moderate

CLBK Columbia Financial, Inc. Common Stock

horizon 10dρ +0.42holdout +0.48stable 75%robust

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

DOCU DocuSign, Inc. Common Stock

Δ -0.59recent -0.37prior +0.22beyond mkt +0.00

CENN Cenntro Inc. Common Stock

Δ -0.50recent -0.33prior +0.17beyond mkt -0.09

MAN ManpowerGroup

Δ -0.48recent -0.33prior +0.15beyond mkt -0.01

GPN Global Payments, Inc.

Δ -0.46recent -0.13prior +0.32beyond mkt +0.10

CLBK Columbia Financial, Inc. Common Stock

Δ -0.45recent -0.15prior +0.31beyond mkt +0.04

GRMN Garmin Ltd

Δ -0.44recent -0.12prior +0.32beyond mkt -0.01

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
RDFI Rareview Dynamic Fixed Income ETF	+0.36	+0.56	13
EAD Allspring Income Opportunities Fund	+0.35	+0.54	18
HIX Western Asset High Income Fund II, Inc.	+0.36	+0.51	20
BGH Barings Global Short Duration High Yield Fund	+0.35	+0.52	22