CXH vs PCM

Comparison between MFS Investment Grade Municipal Trust (CXH, ETF) and PCM Fund Inc (PCM, ETF).

5-Year PerformanceCXH has outperformed PCM, delivering a return of -0.7% compared to -3.8%

CXH vs PCM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CXH(ETF)	PCM(ETF)
Net Assets	$70M	$70M
Max Drawdown	54.10%	73.17%
Sharpe Ratio	0.62	-0.18
5Y Beta	0.06	0.14
5Y Dividends CAGR	3.80%	-2.76%

Net Assets

Winner

CXH

$70M

PCM

$70M

Max Drawdown

Winner

CXH

54.10%

PCM

73.17%

Sharpe Ratio

Winner

CXH

0.62

PCM

-0.18

5Y Beta

Winner

CXH

0.06

PCM

0.14

5Y Dividends CAGR

Winner

CXH

3.80%

PCM

-2.76%

CXH vs PCM - Historical Returns

Returns include dividend reinvestment.

Period	CXH	PCM
1 month	-6.08%	-2.86%
3 months	-5.02%	+0.19%
6 months	+0.80%	-3.43%
1 year	+8.67%	-0.65%
5 years(CAGR)	-0.71%	-3.77%
10 years(CAGR)	+1.67%	+5.26%
Max(CAGR)	+5.48%	+7.14%

CXH

-6.08%

Winner

PCM

-2.86%

CXH

-5.02%

Winner

PCM

+0.19%

Winner

CXH

+0.80%

PCM

-3.43%

Winner

CXH

+8.67%

PCM

-0.65%

5Y(CAGR)

Winner

CXH

-0.71%

PCM

-3.77%

10Y(CAGR)

CXH

+1.67%

Winner

PCM

+5.26%

Max(CAGR)

CXH

+5.48%

Winner

PCM

+7.14%

CXH vs PCM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CXH	PCM
2026	+0.12%	-2.96%
2025	+3.62%	-10.89%
2024	+10.20%	+10.50%
2023	+9.31%	+6.61%
2022	-26.62%	-19.89%
2021	+10.16%	+7.51%
2020	+4.90%	+3.70%
2019	+13.79%	+21.45%
2018	-5.68%	-5.50%
2017	+7.60%	+26.73%
2016	-0.48%	+25.57%
2015	+11.47%	-5.76%
2014	+15.84%	+0.98%
2013	-14.45%	+5.42%
2012	+12.54%	+22.62%
2011	+18.49%	+11.74%
2010	+1.54%	+51.88%
2009	+56.18%	+45.17%
2008	-31.18%	-32.91%
2007	-6.83%	-22.78%
2006	+8.83%	+11.03%
2005	+10.09%	+15.55%
2004	+5.08%	-0.64%
2003	+11.01%	+9.91%
2002	+3.92%	+11.96%
2001	+20.12%	+23.65%
2000	+17.36%	+9.82%
1999	-2.43%	-4.00%

CXH vs PCM Drawdown Comparison

The maximum drawdown for CXH was -49.04%, occurring on Dec 16, 2008. Recovery took 747 trading sessions.

The maximum drawdown for PCM was -64.85%, occurring on Mar 9, 2009. Recovery took 803 trading sessions.

The current CXH drawdown is -9.33%. The current PCM drawdown is -21.88%.

Rank	CXH	PCM
#1	-49.04% Mar 13, 2007 - Mar 1, 2010	-64.85% Feb 5, 2007 - Apr 14, 2010
#2	-34.67% Aug 4, 2021 - Oct 27, 2022	-47.67% Feb 21, 2020 - Jan 12, 2021
#3	-28.19% Mar 4, 2020 - Feb 1, 2021	-29.61% Aug 8, 2023 - Oct 27, 2023
#4	-22.75% Jul 11, 2012 - Jul 10, 2015	-28.19% Aug 12, 2021 - Aug 7, 2023
#5	-17.94% Sep 9, 2010 - Sep 26, 2011	-18.35% Apr 1, 2004 - Nov 3, 2004
#6	-15.34% Mar 11, 2004 - Feb 4, 2005	-17.91% Jul 1, 2014 - Jul 18, 2016
#7	-12.58% Sep 6, 2016 - Aug 29, 2017	-16.04% May 10, 2013 - Jun 10, 2014
#8	-12.25% Sep 1, 2017 - May 22, 2019	-14.96% Sep 16, 2002 - Jan 3, 2003
#9	-9.74% Aug 30, 2002 - Apr 29, 2003	-14.39% Aug 16, 2018 - Feb 28, 2019
#10	-9.23% Jul 10, 2003 - Nov 28, 2003	-13.54% Jul 5, 2011 - Nov 11, 2011
#11	-8.86% Mar 1, 2002 - Jun 26, 2002	-12.72% Nov 10, 2017 - May 2, 2018
#12	-8.51% Nov 14, 2001 - Feb 28, 2002	-9.36% Nov 9, 2010 - Nov 26, 2010
#13	-8.23% Nov 16, 1999 - Apr 10, 2000	-9.28% Jun 13, 2003 - Dec 3, 2003
#14	-8.01% Feb 22, 2006 - Sep 22, 2006	-8.92% Nov 12, 1999 - Jul 13, 2000
#15	-7.38% Mar 2, 2012 - May 11, 2012	-8.86% Oct 5, 2012 - Jan 3, 2013

Correlation

Correlation between CXH and PCM is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (1999 - 2026)

CXH vs PCM dividend yield comparison.

Year	CXH	PCM
2026	4.47%	6.92%
2025	4.70%	12.55%
2024	3.84%	12.47%
2023	3.63%	12.06%
2022	4.75%	12.20%
2021	4.77%	8.96%
2020	4.77%	8.95%
2019	4.63%	8.38%
2018	5.28%	9.46%
2017	4.90%	8.47%
2016	5.19%	14.60%
2015	5.14%	10.39%
2014	5.62%	9.85%
2013	6.39%	9.40%
2012	5.93%	9.28%
2011	7.21%	9.84%
2010	7.94%	11.62%
2009	6.58%	12.92%
2008	8.78%	18.76%
2007	5.77%	8.66%
2006	5.29%	7.82%
2005	6.41%	8.02%
2004	7.55%	8.55%
2003	7.07%	7.75%
2002	7.16%	9.83%
2001	6.21%	9.53%
2000	6.39%	5.25%
1999	1.18%	0.00%