PAI vs GTOS

Comparison between Western Asset Investment Grade Income Fund Inc (PAI, ETF) and INVESCO SHORT DURATION TOTAL RETURN BOND ETF (GTOS, ETF).

PAI vs GTOS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PAI(ETF)	GTOS(ETF)
Net Assets	$122M	$122M
Expense Ratio	N/A	0.30%
Max Drawdown	45.93%	3.83%
Sharpe Ratio	-0.67	0.19
5Y Beta	0.22	0.02
5Y Dividends CAGR	2.33%	N/A

Net Assets

Winner

PAI

$122M

GTOS

$122M

Expense Ratio

PAI

N/A

GTOS

0.30%

Max Drawdown

PAI

45.93%

Winner

GTOS

3.83%

Sharpe Ratio

PAI

-0.67

Winner

GTOS

0.19

5Y Beta

PAI

0.22

Winner

GTOS

0.02

5Y Dividends CAGR

PAI

2.33%

GTOS

N/A

PAI vs GTOS - Historical Returns

Returns include dividend reinvestment.

Period	PAI	GTOS
1 month	+0.87%	+0.72%
3 months	-0.06%	+0.89%
6 months	-4.26%	+1.15%
1 year	-0.82%	+4.09%
5 years(CAGR)	-0.97%	N/A
10 years(CAGR)	+1.85%	N/A
Max(CAGR)	+5.98%	+5.02%

Winner

PAI

+0.87%

GTOS

+0.72%

PAI

-0.06%

Winner

GTOS

+0.89%

PAI

-4.26%

Winner

GTOS

+1.15%

PAI

-0.82%

Winner

GTOS

+4.09%

5Y(CAGR)

PAI

-0.97%

GTOS

N/A

10Y(CAGR)

PAI

+1.85%

GTOS

N/A

Max(CAGR)

Winner

PAI

+5.98%

GTOS

+5.02%

PAI vs GTOS - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PAI	GTOS
2026	-1.71%	+1.93%
2025	+7.09%	+6.23%
2024	+9.44%	+5.48%
2023	+7.42%	+5.05%
2022	-21.03%	+0.01%
2021	+1.88%	N/A
2020	+6.17%	N/A
2019	+20.23%	N/A
2018	-11.78%	N/A
2017	+16.74%	N/A
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 GTOS Drawdown Comparison

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

The maximum drawdown for GTOS was -1.83%, occurring on Mar 20, 2023. Recovery took 128 trading sessions.

The current PAI drawdown is -11.72%.

Rank	PAI	GTOS
#1	-38.96% Jun 1, 2007 - Sep 11, 2009	-1.83% Feb 2, 2023 - Aug 8, 2023
#2	-33.71% Dec 2, 2021 - Oct 20, 2022	-1.12% Feb 26, 2026 - Apr 17, 2026
#3	-30.98% Nov 15, 2019 - Jul 15, 2020	-0.72% Sep 24, 2024 - Dec 6, 2024
#4	-22.02% Nov 26, 2012 - Apr 22, 2016	-0.72% Apr 3, 2025 - Apr 25, 2025
#5	-19.82% Sep 28, 2017 - Jun 11, 2019	-0.58% Sep 8, 2023 - Nov 1, 2023
#6	-13.79% May 24, 2010 - Sep 1, 2011	-0.52% Apr 3, 2024 - May 2, 2024
#7	-13.48% Aug 30, 2016 - Jun 19, 2017	-0.48% Feb 1, 2024 - Mar 7, 2024
#8	-10.99% Mar 17, 2004 - Sep 15, 2004	-0.42% Dec 9, 2024 - Jan 15, 2025
#9	-9.79% Nov 9, 2012 - Nov 21, 2012	-0.37% Aug 8, 2023 - Aug 29, 2023
#10	-9.55% Sep 28, 2020 - Aug 20, 2021	-0.34% Apr 30, 2025 - May 29, 2025
#11	-9.15% Sep 24, 2002 - Dec 16, 2002	-0.32% Jun 16, 2026 - Jun 29, 2026
#12	-8.91% Jun 20, 2003 - Nov 20, 2003	-0.32% Dec 16, 2022 - Jan 6, 2023
#13	-8.83% Sep 30, 2009 - Mar 17, 2010	-0.32% Oct 27, 2025 - Nov 24, 2025
#14	-8.29% Sep 15, 2021 - Nov 19, 2021	-0.30% Aug 31, 2023 - Sep 8, 2023
#15	-8.08% Feb 10, 2005 - Jun 30, 2005	-0.29% Jul 6, 2026 - Jul 30, 2026

Correlation

Correlation between PAI and GTOS is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (1999 - 2026)

PAI vs GTOS dividend yield comparison.

Year	PAI	GTOS
2026	3.09%	2.97%
2025	5.45%	4.89%
2024	4.83%	5.50%
2023	4.67%	5.20%
2022	4.82%	0.00%
2021	3.57%	0.00%
2020	3.82%	0.00%
2019	4.43%	0.00%
2018	5.23%	0.00%
2017	4.36%	0.00%
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%