CGO vs MHF

Comparison between Calamos Global Total Return Fund (CGO, ETF) and Western Asset Municipal High Income Fund Inc (MHF, ETF).

5-Year PerformanceCGO has outperformed MHF, delivering a return of +5.4% compared to +1.4%

CGO vs MHF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CGO(ETF)	MHF(ETF)
Net Assets	$154M	$153M
Max Drawdown	67.04%	35.92%
Sharpe Ratio	1.23	0.22
5Y Beta	0.87	0.19
5Y Dividends CAGR	-2.82%	10.43%

Net Assets

Winner

CGO

$154M

MHF

$153M

Max Drawdown

CGO

67.04%

Winner

MHF

35.92%

Sharpe Ratio

Winner

CGO

1.23

MHF

0.22

5Y Beta

CGO

0.87

Winner

MHF

0.19

5Y Dividends CAGR

CGO

-2.82%

Winner

MHF

10.43%

CGO vs MHF - Historical Returns

Returns include dividend reinvestment.

Period	CGO	MHF
1 month	-0.90%	+0.35%
3 months	+17.88%	+1.36%
6 months	+21.57%	+1.98%
1 year	+25.75%	+4.71%
5 years(CAGR)	+5.37%	+1.38%
10 years(CAGR)	+11.98%	+2.59%
Max(CAGR)	+8.77%	+4.94%

CGO

-0.90%

Winner

MHF

+0.35%

Winner

CGO

+17.88%

MHF

+1.36%

Winner

CGO

+21.57%

MHF

+1.98%

Winner

CGO

+25.75%

MHF

+4.71%

5Y(CAGR)

Winner

CGO

+5.37%

MHF

+1.38%

10Y(CAGR)

Winner

CGO

+11.98%

MHF

+2.59%

Max(CAGR)

Winner

CGO

+8.77%

MHF

+4.94%

CGO vs MHF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CGO	MHF
2026	+19.47%	+3.25%
2025	+8.42%	+5.62%
2024	+37.84%	+11.13%
2023	+13.13%	+3.08%
2022	-36.67%	-17.27%
2021	+13.85%	+10.73%
2020	+19.97%	+2.74%
2019	+42.30%	+11.83%
2018	-26.75%	-2.40%
2017	+55.88%	+7.69%
2016	+4.65%	-4.81%
2015	-4.42%	+6.80%
2014	+3.20%	+20.30%
2013	+11.09%	-12.41%
2012	+7.36%	+6.95%
2011	+0.18%	+16.94%
2010	+10.10%	+3.58%
2009	+57.16%	+18.79%
2008	-45.30%	-6.14%
2007	+23.11%	-3.49%
2006	+28.24%	+15.59%
2005	-4.84%	+6.05%
2004	N/A	-0.82%
2003	N/A	+9.44%
2002	N/A	-2.15%
2001	N/A	+2.25%
2000	N/A	+21.56%
1999	N/A	-5.06%

CGO vs MHF Drawdown Comparison

The maximum drawdown for CGO was -59.93%, occurring on Oct 9, 2008. Recovery took 734 trading sessions.

The maximum drawdown for MHF was -29.95%, occurring on Oct 6, 2008. Recovery took 412 trading sessions.

The current CGO drawdown is -5.17%. The current MHF drawdown is -5.37%.

Rank	CGO	MHF
#1	-59.93% Dec 7, 2007 - Nov 5, 2010	-29.95% Jul 9, 2008 - Feb 26, 2010
#2	-50.77% Feb 13, 2020 - Aug 28, 2020	-26.72% Oct 25, 2021 - Feb 19, 2025
#3	-43.70% Sep 7, 2021 - Sep 9, 2025	-24.97% Feb 25, 2020 - Jan 26, 2021
#4	-34.62% Jan 25, 2018 - Dec 26, 2019	-24.71% Sep 26, 2012 - Dec 2, 2015
#5	-27.59% Jul 21, 2015 - Feb 24, 2017	-14.28% May 12, 2016 - Sep 19, 2017
#6	-22.13% Jul 19, 2007 - Oct 11, 2007	-14.13% Sep 28, 2010 - Sep 9, 2011
#7	-21.55% May 2, 2011 - Mar 29, 2012	-13.32% Mar 25, 2025 - Sep 19, 2025
#8	-16.41% Jul 14, 2014 - Apr 28, 2015	-13.25% Nov 12, 1999 - Jul 5, 2000
#9	-15.24% Feb 26, 2026 - Apr 17, 2026	-12.46% May 10, 2007 - May 30, 2008
#10	-15.13% Mar 12, 2013 - Dec 24, 2013	-11.92% Aug 24, 2001 - Jun 13, 2003
#11	-14.31% Apr 2, 2012 - Jan 14, 2013	-10.85% Mar 23, 2004 - May 26, 2005
#12	-11.93% Oct 28, 2005 - May 8, 2006	-9.99% Sep 19, 2017 - May 23, 2019
#13	-10.89% Aug 7, 2017 - Oct 27, 2017	-9.96% Sep 19, 2025 - Mar 27, 2026
#14	-10.14% Sep 19, 2025 - Jan 13, 2026	-9.23% Feb 27, 2012 - May 1, 2012
#15	-9.54% Oct 14, 2020 - Nov 9, 2020	-8.80% Jul 1, 2021 - Oct 25, 2021

Correlation

Correlation between CGO and MHF is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (1999 - 2026)

CGO vs MHF dividend yield comparison.

Year	CGO	MHF
2026	3.01%	2.46%
2025	8.43%	5.93%
2024	8.43%	5.65%
2023	10.57%	3.78%
2022	12.68%	3.72%
2021	7.80%	3.23%
2020	8.18%	3.75%
2019	8.96%	4.02%
2018	11.81%	4.42%
2017	7.97%	4.14%
2016	11.40%	4.53%
2015	10.51%	4.45%
2014	9.08%	4.73%
2013	8.56%	5.59%
2012	8.73%	5.13%
2011	8.80%	5.57%
2010	8.28%	6.14%
2009	8.36%	5.98%
2008	14.64%	6.66%
2007	6.71%	5.66%
2006	5.88%	4.92%
2005	0.71%	6.10%
2004	0.00%	7.38%
2003	0.00%	7.22%
2002	0.00%	7.46%
2001	0.00%	7.17%
2000	0.00%	7.16%
1999	0.00%	1.34%