GDO vs TAXS

Comparison between Western Asset Global Corporate Defined Opportunity Fund Inc (GDO, ETF) and NORTHERN TRUST SHORT-TERM TAX-EXEMPT BOND ETF (TAXS, ETF).

GDO vs TAXS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GDO(ETF)	TAXS(ETF)
Net Assets	$88M	$87M
Expense Ratio	N/A	0.05%
Max Drawdown	50.42%	1.29%
Sharpe Ratio	0.24	-0.90
5Y Beta	0.32	0.02
5Y Dividends CAGR	5.53%	N/A

Net Assets

Winner

GDO

$88M

TAXS

$87M

Expense Ratio

GDO

N/A

TAXS

0.05%

Max Drawdown

GDO

50.42%

Winner

TAXS

1.29%

Sharpe Ratio

Winner

GDO

0.24

TAXS

-0.90

5Y Beta

GDO

0.32

Winner

TAXS

0.02

5Y Dividends CAGR

GDO

5.53%

TAXS

N/A

GDO vs TAXS - Historical Returns

Returns include dividend reinvestment.

Period	GDO	TAXS
1 month	-2.17%	+0.55%
3 months	-1.50%	+0.21%
6 months	-3.55%	+1.33%
1 year	+5.38%	N/A
5 years(CAGR)	-0.30%	N/A
10 years(CAGR)	+4.11%	N/A
Max(CAGR)	+4.76%	+2.76%

GDO

-2.17%

Winner

TAXS

+0.55%

GDO

-1.50%

Winner

TAXS

+0.21%

GDO

-3.55%

Winner

TAXS

+1.33%

GDO

+5.38%

TAXS

N/A

5Y(CAGR)

GDO

-0.30%

TAXS

N/A

10Y(CAGR)

GDO

+4.11%

TAXS

N/A

Max(CAGR)

Winner

GDO

+4.76%

TAXS

+2.76%

GDO vs TAXS - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	GDO	TAXS
2026	-5.10%	+0.87%
2025	+18.64%	+1.22%
2024	-1.89%	N/A
2023	+8.83%	N/A
2022	-20.30%	N/A
2021	+4.94%	N/A
2020	+5.71%	N/A
2019	+29.41%	N/A
2018	-10.61%	N/A
2017	+13.47%	N/A
2016	+17.50%	N/A
2015	-5.86%	N/A
2014	+6.01%	N/A
2013	-5.24%	N/A
2012	+23.68%	N/A
2011	+8.24%	N/A
2010	-2.42%	N/A
2009	-0.15%	N/A

GDO vs TAXS Drawdown Comparison

The maximum drawdown for GDO was -34.56%, occurring on Sep 30, 2022. Recovery took 1080 trading sessions.

The maximum drawdown for TAXS was -0.84%, occurring on Mar 24, 2026. This drawdown has not yet recovered.

The current GDO drawdown is -5.58%. The current TAXS drawdown is -0.07%.

Rank	GDO	TAXS
#1	-34.56% Sep 10, 2021 - Dec 30, 2025	-0.84% Feb 27, 2026 - Mar 24, 2026
#2	-32.81% Feb 21, 2020 - Oct 9, 2020	-0.50% Sep 16, 2025 - Nov 28, 2025
#3	-15.63% Jan 24, 2013 - Feb 24, 2015	-0.06% Aug 22, 2025 - Sep 4, 2025
#4	-13.67% Dec 17, 2009 - Sep 21, 2010	-0.06% Dec 19, 2025 - Dec 23, 2025
#5	-12.02% Oct 19, 2017 - Feb 27, 2019	-0.05% Nov 28, 2025 - Dec 2, 2025
#6	-11.58% Apr 23, 2015 - May 5, 2016	-0.03% Dec 24, 2025 - Dec 29, 2025
#7	-10.90% Jul 1, 2011 - Dec 23, 2011	-0.03% Sep 11, 2025 - Sep 15, 2025
#8	-8.27% Dec 30, 2025 - Mar 30, 2026	-0.03% Jan 16, 2026 - Jan 21, 2026
#9	-7.85% Oct 22, 2012 - Dec 19, 2012	-0.03% Feb 17, 2026 - Feb 20, 2026
#10	-7.27% Nov 5, 2010 - May 10, 2011	-0.02% Dec 5, 2025 - Dec 10, 2025
#11	-6.87% Sep 7, 2016 - Feb 2, 2017	-0.02% Dec 11, 2025 - Dec 15, 2025
#12	-6.85% Feb 12, 2021 - May 17, 2021	-0.02% Jan 2, 2026 - Jan 6, 2026
#13	-5.42% Oct 9, 2020 - Nov 19, 2020	-0.01% Aug 19, 2025 - Aug 21, 2025
#14	-3.26% Jan 2, 2020 - Feb 19, 2020	-0.01% Dec 29, 2025 - Dec 31, 2025
#15	-2.99% Apr 15, 2019 - Jun 17, 2019	-0.01% Jan 9, 2026 - Jan 13, 2026

Correlation

Correlation between GDO and TAXS is -0.09 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.09

-101

Dividend Comparison (2010 - 2026)

GDO vs TAXS dividend yield comparison.

Year	GDO	TAXS
2026	5.74%	1.08%
2025	12.40%	0.74%
2024	12.04%	0.00%
2023	9.52%	0.00%
2022	9.49%	0.00%
2021	6.93%	0.00%
2020	6.70%	0.00%
2019	6.65%	0.00%
2018	8.41%	0.00%
2017	7.57%	0.00%
2016	7.96%	0.00%
2015	8.62%	0.00%
2014	7.77%	0.00%
2013	7.78%	0.00%
2012	7.30%	0.00%
2011	8.61%	0.00%
2010	8.70%	0.00%