PCF vs SBI

Comparison between High Income Securities Fund (PCF, ETF) and Western Asset Intermediate Muni Fund Inc (SBI, ETF).

5-Year PerformanceSBI has outperformed PCF, delivering a return of +0.1% compared to -0.5%

PCF vs SBI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PCF(ETF)	SBI(ETF)
Net Assets	$117M	$117M
Max Drawdown	58.20%	43.86%
Sharpe Ratio	-0.67	0.46
5Y Beta	0.36	0.14
5Y Dividends CAGR	-2.74%	12.31%

Net Assets

Winner

PCF

$117M

SBI

$117M

Max Drawdown

PCF

58.20%

Winner

SBI

43.86%

Sharpe Ratio

PCF

-0.67

Winner

SBI

0.46

5Y Beta

PCF

0.36

Winner

SBI

0.14

5Y Dividends CAGR

PCF

-2.74%

Winner

SBI

12.31%

PCF vs SBI - Historical Returns

Returns include dividend reinvestment.

Period	PCF	SBI
1 month	+2.98%	-0.62%
3 months	+1.00%	-0.32%
6 months	-3.64%	-1.10%
1 year	-4.82%	+6.42%
5 years(CAGR)	-0.46%	+0.12%
10 years(CAGR)	+5.41%	+1.15%
Max(CAGR)	+6.44%	+4.39%

Winner

PCF

+2.98%

SBI

-0.62%

Winner

PCF

+1.00%

SBI

-0.32%

PCF

-3.64%

Winner

SBI

-1.10%

PCF

-4.82%

Winner

SBI

+6.42%

5Y(CAGR)

PCF

-0.46%

Winner

SBI

+0.12%

10Y(CAGR)

Winner

PCF

+5.41%

SBI

+1.15%

Max(CAGR)

Winner

PCF

+6.44%

SBI

+4.39%

PCF vs SBI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PCF	SBI
2026	-4.03%	+3.21%
2025	+5.47%	+4.71%
2024	+14.73%	+6.01%
2023	+7.19%	+4.41%
2022	-16.14%	-18.11%
2021	+10.74%	+8.51%
2020	+8.04%	+4.27%
2019	+3.71%	+11.05%
2018	+5.12%	-7.08%
2017	+15.14%	+1.98%
2016	+18.79%	-2.28%
2015	-5.23%	+11.06%
2014	+3.24%	+11.62%
2013	+8.20%	-13.11%
2012	+7.84%	+13.15%
2011	-2.75%	+10.53%
2010	+23.40%	+9.39%
2009	+43.49%	+25.05%
2008	-31.71%	-10.17%
2007	+1.07%	+0.97%
2006	+21.98%	+9.01%
2005	+1.05%	-3.44%
2004	+9.85%	-2.07%
2003	+32.05%	+14.58%
2002	-0.68%	+5.71%
2001	+9.90%	+13.21%
2000	+8.79%	+9.55%
1999	-14.97%	-7.92%

PCF vs SBI Drawdown Comparison

The maximum drawdown for PCF was -53.81%, occurring on Oct 10, 2008. Recovery took 662 trading sessions.

The maximum drawdown for SBI was -33.69%, occurring on Oct 10, 2008. Recovery took 365 trading sessions.

The current PCF drawdown is -6.27%. The current SBI drawdown is -2.11%.

Rank	PCF	SBI
#1	-53.81% May 9, 2007 - Dec 22, 2009	-33.69% Feb 12, 2008 - Jul 24, 2009
#2	-45.08% Feb 20, 2020 - Dec 8, 2020	-25.21% Sep 21, 2021 - Jun 22, 2026
#3	-29.02% Sep 17, 2021 - Feb 14, 2025	-20.05% Feb 21, 2020 - Feb 2, 2021
#4	-24.77% May 26, 2011 - Oct 25, 2013	-19.30% Jan 25, 2013 - Feb 2, 2015
#5	-22.43% Feb 28, 2001 - Mar 10, 2003	-16.12% Apr 1, 2004 - Jun 28, 2005
#6	-20.31% Nov 5, 1999 - Jan 25, 2001	-15.62% Sep 6, 2016 - Aug 23, 2019
#7	-19.27% Jul 1, 2014 - Jul 19, 2016	-11.57% Sep 3, 2010 - Aug 31, 2011
#8	-16.70% Apr 23, 2010 - Sep 13, 2010	-10.68% Jul 22, 2005 - Dec 1, 2006
#9	-13.32% Feb 25, 2025 - Sep 16, 2025	-9.49% Jun 12, 2003 - Nov 10, 2003
#10	-13.29% Feb 19, 2004 - Sep 14, 2004	-8.39% Nov 1, 1999 - Jun 30, 2000
#11	-10.73% Sep 16, 2025 - Mar 20, 2026	-7.67% Jul 25, 2000 - Dec 7, 2000
#12	-10.36% Feb 14, 2019 - Dec 18, 2019	-7.53% Sep 28, 2007 - Jan 4, 2008
#13	-9.55% Jul 11, 2003 - Dec 16, 2003	-7.48% Sep 20, 2002 - May 1, 2003
#14	-8.63% Jul 12, 2005 - Jan 6, 2006	-7.17% Nov 5, 2001 - May 23, 2002
#15	-8.49% Dec 21, 2004 - Jun 15, 2005	-6.95% Aug 13, 2001 - Oct 3, 2001

Correlation

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

0.94

-101

Dividend Comparison (1999 - 2026)

PCF vs SBI dividend yield comparison.

Year	PCF	SBI
2026	8.56%	4.41%
2025	11.57%	6.56%
2024	11.43%	6.23%
2023	11.29%	3.76%
2022	13.48%	3.72%
2021	10.82%	2.93%
2020	11.46%	3.07%
2019	3.29%	3.59%
2018	6.88%	4.32%
2017	3.97%	4.58%
2016	4.52%	5.01%
2015	5.07%	4.70%
2014	4.84%	4.92%
2013	5.67%	5.30%
2012	6.56%	4.54%
2011	6.86%	4.90%
2010	6.29%	5.03%
2009	7.45%	4.69%
2008	11.08%	5.42%
2007	6.85%	4.83%
2006	6.27%	4.87%
2005	7.25%	6.45%
2004	6.94%	6.54%
2003	7.06%	6.01%
2002	9.15%	6.04%
2001	9.81%	5.66%
2000	4.98%	6.16%
1999	0.00%	1.05%