DMO vs GBF

Comparison between Western Asset Mortgage Opportunity Fund Inc (DMO, ETF) and ISHARES GOVERNMENT/CREDIT BOND ETF (GBF, ETF).

5-Year PerformanceDMO has outperformed GBF, delivering a return of +3.0% compared to -0.7%

DMO vs GBF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DMO(ETF)	GBF(ETF)
Net Assets	$128M	$128M
Expense Ratio	N/A	0.20%
Max Drawdown	62.91%	23.43%
Sharpe Ratio	-0.48	-0.70
5Y Beta	0.15	0.04
5Y Dividends CAGR	1.72%	20.62%

Net Assets

Winner

DMO

$128M

GBF

$128M

Expense Ratio

DMO

N/A

GBF

0.20%

Max Drawdown

DMO

62.91%

Winner

GBF

23.43%

Sharpe Ratio

Winner

DMO

-0.48

GBF

-0.70

5Y Beta

DMO

0.15

Winner

GBF

0.04

5Y Dividends CAGR

DMO

1.72%

Winner

GBF

20.62%

DMO vs GBF - Historical Returns

Returns include dividend reinvestment.

Period	DMO	GBF
1 month	-0.20%	+0.11%
3 months	-3.50%	-0.93%
6 months	-3.64%	-1.99%
1 year	-2.34%	+1.36%
5 years(CAGR)	+2.97%	-0.74%
10 years(CAGR)	+3.45%	+1.21%
Max(CAGR)	+8.17%	+2.95%

DMO

-0.20%

Winner

GBF

+0.11%

DMO

-3.50%

Winner

GBF

-0.93%

DMO

-3.64%

Winner

GBF

-1.99%

DMO

-2.34%

Winner

GBF

+1.36%

5Y(CAGR)

Winner

DMO

+2.97%

GBF

-0.74%

10Y(CAGR)

Winner

DMO

+3.45%

GBF

+1.21%

Max(CAGR)

Winner

DMO

+8.17%

GBF

+2.95%

DMO vs GBF - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	DMO	GBF
2026	+1.97%	-0.63%
2025	+7.32%	+6.30%
2024	+19.98%	+1.42%
2023	+15.85%	+5.13%
2022	-21.50%	-13.13%
2021	+17.98%	-2.07%
2020	-23.14%	+8.44%
2019	+6.94%	+9.34%
2018	-1.47%	-0.15%
2017	+25.91%	+3.83%
2016	+9.92%	+2.25%
2015	+13.23%	-0.28%
2014	+18.82%	+6.05%
2013	+8.60%	-2.09%
2012	+39.56%	+4.13%
2011	-0.97%	+9.44%
2010	+13.81%	+5.44%
2009	N/A	+3.45%
2008	N/A	+6.81%
2007	N/A	+6.69%

DMO vs GBF Drawdown Comparison

The maximum drawdown for DMO was -49.09%, occurring on Apr 3, 2020. Recovery took 1427 trading sessions.

The maximum drawdown for GBF was -19.67%, occurring on Oct 24, 2022. This drawdown has not yet recovered.

The current DMO drawdown is -5.32%. The current GBF drawdown is -5.58%.

Rank	DMO	GBF
#1	-49.09% Oct 16, 2019 - Jun 23, 2025	-19.67% Aug 4, 2020 - Oct 24, 2022
#2	-14.52% Jan 24, 2018 - Jun 17, 2019	-8.75% Sep 9, 2008 - Dec 2, 2008
#3	-14.50% Jan 30, 2013 - Feb 21, 2014	-7.97% Mar 9, 2020 - Jun 26, 2020
#4	-13.05% Mar 8, 2011 - Jan 31, 2012	-6.12% May 2, 2013 - Jul 23, 2014
#5	-13.04% Oct 18, 2016 - Feb 10, 2017	-5.85% Dec 29, 2008 - Jul 31, 2009
#6	-11.64% Oct 19, 2017 - Jan 5, 2018	-5.20% Jul 8, 2016 - Sep 5, 2017
#7	-8.36% Nov 11, 2025 - May 22, 2026	-4.35% Oct 6, 2010 - Jun 1, 2011
#8	-8.00% Sep 25, 2015 - Dec 28, 2015	-3.90% Sep 7, 2017 - Feb 7, 2019
#9	-7.97% Jul 17, 2017 - Aug 22, 2017	-3.73% Jan 30, 2015 - Feb 11, 2016
#10	-6.98% Jan 8, 2016 - Feb 4, 2016	-2.81% Apr 9, 2008 - Sep 4, 2008
#11	-6.52% Feb 4, 2016 - Apr 19, 2016	-2.75% May 7, 2007 - Aug 16, 2007
#12	-6.16% Dec 5, 2012 - Jan 11, 2013	-2.58% Sep 4, 2019 - Jan 23, 2020
#13	-5.48% May 7, 2010 - Jul 26, 2010	-2.00% Nov 12, 2012 - Apr 15, 2013
#14	-5.32% May 22, 2026 - Sep 1, 2026	-1.98% Jul 24, 2012 - Nov 7, 2012
#15	-5.30% Nov 2, 2012 - Nov 28, 2012	-1.86% Nov 30, 2009 - Mar 2, 2010

Correlation

Correlation between DMO and GBF is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2007 - 2026)

DMO vs GBF dividend yield comparison.

Year	DMO	GBF
2026	9.41%	2.63%
2025	14.01%	3.81%
2024	12.92%	3.94%
2023	11.46%	3.03%
2022	11.51%	2.13%
2021	8.88%	1.22%
2020	10.95%	1.64%
2019	9.63%	2.64%
2018	18.93%	2.59%
2017	13.30%	2.31%
2016	13.19%	2.09%
2015	14.09%	2.04%
2014	12.95%	2.08%
2013	15.96%	2.37%
2012	11.89%	2.53%
2011	9.79%	3.03%
2010	5.19%	3.19%
2009	0.00%	3.56%
2008	0.00%	4.17%
2007	0.00%	4.67%