Is HFRO or HIX more undervalued in 2026?

CirclFi compares Highland Floating Rate Opportun (HFRO) and Western Asset High Income Fund (HIX) using 13 institutional-grade valuation models. HFRO has a Quality of Company score of 1.8/10 while HIX scores 1.7/10.

Which is a better buy — HFRO or HIX?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do HFRO and HIX valuations compare?

HFRO at $6.55 and HIX at $3.99 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HFRO vs HIX Valuation Comparison 2026 — Intrinsic Value Analysis

HFRO

Asset Management

Highland Floating Rate Opportun

Quality

1.8

out of 10

Value Trap

—

Price

$6.55

Last close

Models

6/13

Active

HIX

Asset Management

Western Asset High Income Fund

Quality

1.7

out of 10

Value Trap

—

Price

$3.99

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	HFRO Fair Value	HFRO Upside	HIX Fair Value	HIX Upside
Bayesian DCF	Intrinsic	$1.73	-73.5%	$1.06	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$4.02	-38.6%	$5.16	+29.3%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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HFRO vs HIX — Which Stock Is More Undervalued?

HFRO scores higher with a 1.8/10 quality rating vs HIX's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Highland Floating Rate Opportun (HFRO) and Western Asset High Income Fund (HIX) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

HFRO currently trades at $6.55 with a QOC of 1.8/10, while HIX trades at $3.99 with a QOC of 1.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).