MHF vs CGO

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

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

MHF vs CGO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

MHF

$153M

Winner

CGO

$154M

Max Drawdown

Winner

MHF

35.92%

CGO

67.04%

Sharpe Ratio

MHF

0.22

Winner

CGO

1.23

5Y Beta

Winner

MHF

0.19

CGO

0.87

5Y Dividends CAGR

Winner

MHF

10.43%

CGO

-2.82%

MHF vs CGO - Historical Returns

Returns include dividend reinvestment.

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

Winner

MHF

+0.35%

CGO

-0.90%

MHF

+1.36%

Winner

CGO

+17.88%

MHF

+1.98%

Winner

CGO

+21.57%

MHF

+4.71%

Winner

CGO

+25.75%

5Y(CAGR)

MHF

+1.38%

Winner

CGO

+5.37%

10Y(CAGR)

MHF

+2.59%

Winner

CGO

+11.98%

Max(CAGR)

MHF

+4.94%

Winner

CGO

+8.77%

MHF vs CGO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

MHF vs CGO Drawdown Comparison

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

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

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

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

Correlation

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

0.93

-101

Dividend Comparison (1999 - 2026)

MHF vs CGO dividend yield comparison.

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