The £9.3bn high-income fund is top of the UK equity income and growth sector with a return of 6.96 per cent, according to Lipper, while the £7.1bn income fund is top quartile with a return of 6.03 per cent.
The funds were among 17 that moved to the IMA equity income and growth sector when it launched in March 2009. The high-income fund would still be the best performer in its previous home of UK equity income.
Woodford endured a difficult 2009 after the two funds struggled amid the cyclicals’ rally.
He has been known for his defensive stance on the market, with AstraZeneca and GlaxoSmithKline his biggest holdings in both funds.
In January, Woodford warned there was a high probability of the UK losing its AAA rating if the Government does not address the budget deficit.
Hargreaves Lansdown senior analyst Meera Patel says: “His funds are the place to be for the course of 2010 as the outlook for the UK continues to look bleak given the unemployment levels, property prices and the overhang of the political situation on the economy.”