PCM vs CXH

Comparison between PCM Fund Inc (PCM, ETF) and MFS Investment Grade Municipal Trust (CXH, ETF).

5-Year PerformanceCXH has outperformed PCM, delivering a return of -0.7% compared to -3.7%

PCM vs CXH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PCM(ETF)	CXH(ETF)
Net Assets	$70M	$35M
Max Drawdown	73.17%	54.10%
Sharpe Ratio	-0.21	0.62
5Y Beta	0.14	0.06
5Y Dividends CAGR	-2.76%	3.80%

Net Assets

Winner

PCM

$70M

CXH

$35M

Max Drawdown

PCM

73.17%

Winner

CXH

54.10%

Sharpe Ratio

PCM

-0.21

Winner

CXH

0.62

5Y Beta

PCM

0.14

Winner

CXH

0.06

5Y Dividends CAGR

PCM

-2.76%

Winner

CXH

3.80%

PCM vs CXH - Historical Returns

Returns include dividend reinvestment.

Period	PCM	CXH
1 month	+0.08%	-6.08%
3 months	+1.60%	-5.02%
6 months	-3.10%	+0.80%
1 year	+0.63%	+8.67%
5 years(CAGR)	-3.69%	-0.71%
10 years(CAGR)	+4.99%	+1.67%
Max(CAGR)	+7.14%	+5.48%

Winner

PCM

+0.08%

CXH

-6.08%

Winner

PCM

+1.60%

CXH

-5.02%

PCM

-3.10%

Winner

CXH

+0.80%

PCM

+0.63%

Winner

CXH

+8.67%

5Y(CAGR)

PCM

-3.69%

Winner

CXH

-0.71%

10Y(CAGR)

Winner

PCM

+4.99%

CXH

+1.67%

Max(CAGR)

Winner

PCM

+7.14%

CXH

+5.48%

PCM vs CXH - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PCM	CXH
2026	-2.79%	+0.12%
2025	-10.89%	+3.62%
2024	+10.50%	+10.20%
2023	+6.61%	+9.31%
2022	-19.89%	-26.62%
2021	+7.51%	+10.16%
2020	+3.70%	+4.90%
2019	+21.45%	+13.79%
2018	-5.50%	-5.68%
2017	+26.73%	+7.60%
2016	+25.57%	-0.48%
2015	-5.76%	+11.47%
2014	+0.98%	+15.84%
2013	+5.42%	-14.45%
2012	+22.62%	+12.54%
2011	+11.74%	+18.49%
2010	+51.88%	+1.54%
2009	+45.17%	+56.18%
2008	-32.91%	-31.18%
2007	-22.78%	-6.83%
2006	+11.03%	+8.83%
2005	+15.55%	+10.09%
2004	-0.64%	+5.08%
2003	+9.91%	+11.01%
2002	+11.96%	+3.92%
2001	+23.65%	+20.12%
2000	+9.82%	+17.36%
1999	-4.00%	-2.43%

PCM vs CXH Drawdown Comparison

The maximum drawdown for PCM was -64.85%, occurring on Mar 9, 2009. Recovery took 803 trading sessions.

The maximum drawdown for CXH was -49.04%, occurring on Dec 16, 2008. Recovery took 747 trading sessions.

The current PCM drawdown is -21.74%. The current CXH drawdown is -9.33%.

Rank	PCM	CXH
#1	-64.85% Feb 5, 2007 - Apr 14, 2010	-49.04% Mar 13, 2007 - Mar 1, 2010
#2	-47.67% Feb 21, 2020 - Jan 12, 2021	-34.67% Aug 4, 2021 - Oct 27, 2022
#3	-29.61% Aug 8, 2023 - Oct 27, 2023	-28.19% Mar 4, 2020 - Feb 1, 2021
#4	-28.19% Aug 12, 2021 - Aug 7, 2023	-22.75% Jul 11, 2012 - Jul 10, 2015
#5	-18.35% Apr 1, 2004 - Nov 3, 2004	-17.94% Sep 9, 2010 - Sep 26, 2011
#6	-17.91% Jul 1, 2014 - Jul 18, 2016	-15.34% Mar 11, 2004 - Feb 4, 2005
#7	-16.04% May 10, 2013 - Jun 10, 2014	-12.58% Sep 6, 2016 - Aug 29, 2017
#8	-14.96% Sep 16, 2002 - Jan 3, 2003	-12.25% Sep 1, 2017 - May 22, 2019
#9	-14.39% Aug 16, 2018 - Feb 28, 2019	-9.74% Aug 30, 2002 - Apr 29, 2003
#10	-13.54% Jul 5, 2011 - Nov 11, 2011	-9.23% Jul 10, 2003 - Nov 28, 2003
#11	-12.72% Nov 10, 2017 - May 2, 2018	-8.86% Mar 1, 2002 - Jun 26, 2002
#12	-9.36% Nov 9, 2010 - Nov 26, 2010	-8.51% Nov 14, 2001 - Feb 28, 2002
#13	-9.28% Jun 13, 2003 - Dec 3, 2003	-8.23% Nov 16, 1999 - Apr 10, 2000
#14	-8.92% Nov 12, 1999 - Jul 13, 2000	-8.01% Feb 22, 2006 - Sep 22, 2006
#15	-8.86% Oct 5, 2012 - Jan 3, 2013	-7.38% Mar 2, 2012 - May 11, 2012

Correlation

Correlation between PCM and CXH is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (1999 - 2026)

PCM vs CXH dividend yield comparison.

Year	PCM	CXH
2026	6.90%	4.47%
2025	12.55%	4.70%
2024	12.47%	3.84%
2023	12.06%	3.63%
2022	12.20%	4.75%
2021	8.96%	4.77%
2020	8.95%	4.77%
2019	8.38%	4.63%
2018	9.46%	5.28%
2017	8.47%	4.90%
2016	14.60%	5.19%
2015	10.39%	5.14%
2014	9.85%	5.62%
2013	9.40%	6.39%
2012	9.28%	5.93%
2011	9.84%	7.21%
2010	11.62%	7.94%
2009	12.92%	6.58%
2008	18.76%	8.78%
2007	8.66%	5.77%
2006	7.82%	5.29%
2005	8.02%	6.41%
2004	8.55%	7.55%
2003	7.75%	7.07%
2002	9.83%	7.16%
2001	9.53%	6.21%
2000	5.25%	6.39%
1999	0.00%	1.18%