PAI vs GHYB

Comparison between Western Asset Investment Grade Income Fund Inc (PAI, ETF) and GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF (GHYB, ETF).

5-Year PerformanceGHYB has outperformed PAI, delivering a return of +4.0% compared to -0.0%

PAI vs GHYB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PAI(ETF)	GHYB(ETF)
Net Assets	$125M	$124M
Expense Ratio	N/A	0.15%
Max Drawdown	45.93%	22.16%
Sharpe Ratio	-0.10	0.79
5Y Beta	0.23	0.23
5Y Dividends CAGR	3.60%	6.23%

Net Assets

Winner

PAI

$125M

GHYB

$124M

Expense Ratio

PAI

N/A

GHYB

0.15%

Max Drawdown

PAI

45.93%

Winner

GHYB

22.16%

Sharpe Ratio

PAI

-0.10

Winner

GHYB

0.79

5Y Beta

Winner

PAI

0.23

GHYB

0.23

5Y Dividends CAGR

PAI

3.60%

Winner

GHYB

6.23%

PAI vs GHYB - Historical Returns

Returns include dividend reinvestment.

Period	PAI	GHYB
1 month	-0.22%	+0.04%
3 months	-1.51%	+0.75%
6 months	-0.38%	+1.23%
1 year	+2.22%	+6.86%
5 years(CAGR)	-0.02%	+3.95%
10 years(CAGR)	+3.20%	+4.49%
Max(CAGR)	+6.03%	+4.49%

PAI

-0.22%

Winner

GHYB

+0.04%

PAI

-1.51%

Winner

GHYB

+0.75%

PAI

-0.38%

Winner

GHYB

+1.23%

PAI

+2.22%

Winner

GHYB

+6.86%

5Y(CAGR)

PAI

-0.02%

Winner

GHYB

+3.95%

10Y(CAGR)

PAI

+3.20%

Winner

GHYB

+4.49%

Max(CAGR)

Winner

PAI

+6.03%

GHYB

+4.49%

PAI vs GHYB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PAI	GHYB
2026	-1.69%	+0.85%
2025	+7.09%	+9.08%
2024	+9.44%	+8.17%
2023	+7.42%	+11.97%
2022	-21.03%	-10.87%
2021	+1.88%	+3.50%
2020	+6.17%	+6.08%
2019	+20.23%	+14.59%
2018	-11.78%	-2.30%
2017	+16.74%	+0.28%
2016	+15.58%	N/A
2015	+1.70%	N/A
2014	+7.73%	N/A
2013	-7.43%	N/A
2012	+12.40%	N/A
2011	+13.11%	N/A
2010	+6.63%	N/A
2009	+29.99%	N/A
2008	-16.92%	N/A
2007	-5.46%	N/A
2006	+16.18%	N/A
2005	-0.98%	N/A
2004	+10.46%	N/A
2003	+15.49%	N/A
2002	+6.03%	N/A
2001	+14.94%	N/A
2000	+25.82%	N/A
1999	-2.13%	N/A

PAI vs GHYB Drawdown Comparison

The maximum drawdown for PAI was -38.96%, occurring on Nov 24, 2008. Recovery took 575 trading sessions.

The maximum drawdown for GHYB was -21.48%, occurring on Mar 23, 2020. Recovery took 109 trading sessions.

The current PAI drawdown is -11.70%. The current GHYB drawdown is -0.53%.

Rank	PAI	GHYB
#1	-38.96% Jun 1, 2007 - Sep 11, 2009	-21.48% Feb 20, 2020 - Jul 27, 2020
#2	-33.71% Dec 2, 2021 - Oct 20, 2022	-16.08% Dec 27, 2021 - Dec 27, 2023
#3	-30.98% Nov 15, 2019 - Jul 15, 2020	-5.97% Oct 3, 2018 - Jan 30, 2019
#4	-22.02% Nov 26, 2012 - Apr 22, 2016	-4.66% Feb 28, 2025 - May 12, 2025
#5	-19.82% Sep 28, 2017 - Jun 11, 2019	-3.18% Jan 8, 2018 - Jul 31, 2018
#6	-13.79% May 24, 2010 - Sep 1, 2011	-2.75% Mar 20, 2024 - May 15, 2024
#7	-13.48% Aug 30, 2016 - Jun 19, 2017	-2.70% Sep 2, 2020 - Oct 12, 2020
#8	-10.99% Mar 17, 2004 - Sep 15, 2004	-2.67% Feb 20, 2026 - Apr 14, 2026
#9	-9.79% Nov 9, 2012 - Nov 21, 2012	-2.50% Sep 15, 2021 - Dec 27, 2021
#10	-9.55% Sep 28, 2020 - Aug 20, 2021	-2.34% Feb 12, 2021 - Jun 2, 2021
#11	-9.15% Sep 24, 2002 - Dec 16, 2002	-1.95% Oct 12, 2020 - Nov 4, 2020
#12	-8.91% Jun 20, 2003 - Nov 20, 2003	-1.79% Dec 27, 2023 - Mar 12, 2024
#13	-8.83% Sep 30, 2009 - Mar 17, 2010	-1.75% Dec 6, 2024 - Jan 21, 2025
#14	-8.29% Sep 15, 2021 - Nov 19, 2021	-1.64% Apr 15, 2019 - Jun 10, 2019
#15	-8.08% Feb 10, 2005 - Jun 30, 2005	-1.56% Jul 3, 2019 - Aug 28, 2019

Correlation

Correlation between PAI and GHYB is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.68

-101

Dividend Comparison (1999 - 2026)

PAI vs GHYB dividend yield comparison.

Year	PAI	GHYB
2026	1.74%	2.72%
2025	5.45%	7.00%
2024	4.83%	6.65%
2023	4.67%	6.20%
2022	4.82%	5.67%
2021	3.57%	4.46%
2020	3.82%	4.75%
2019	4.43%	5.57%
2018	5.23%	5.68%
2017	4.36%	1.45%
2016	4.82%	0.00%
2015	5.30%	0.00%
2014	5.13%	0.00%
2013	5.24%	0.00%
2012	4.84%	0.00%
2011	5.39%	0.00%
2010	6.13%	0.00%
2009	7.37%	0.00%
2008	9.37%	0.00%
2007	8.28%	0.00%
2006	5.59%	0.00%
2005	7.58%	0.00%
2004	9.41%	0.00%
2003	6.38%	0.00%
2002	6.97%	0.00%
2001	7.28%	0.00%
2000	8.00%	0.00%
1999	2.10%	0.00%