PFIG vs GDL

Comparison between INVESCO FUNDAMENTAL INVESTMENT GRADE CORPORATE BOND ETF (PFIG, ETF) and GDL Fund (GDL, ETF).

5-Year PerformanceGDL has outperformed PFIG, delivering a return of +4.5% compared to +1.3%

PFIG vs GDL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PFIG(ETF)	GDL(ETF)
Net Assets	$117M	$117M
Expense Ratio	0.22%	N/A
Max Drawdown	19.63%	71.51%
Sharpe Ratio	-0.36	0.24
5Y Beta	0.05	0.10
5Y Dividends CAGR	6.94%	-4.36%

Net Assets

Winner

PFIG

$117M

GDL

$117M

Expense Ratio

PFIG

0.22%

GDL

N/A

Max Drawdown

Winner

PFIG

19.63%

GDL

71.51%

Sharpe Ratio

PFIG

-0.36

Winner

GDL

0.24

5Y Beta

Winner

PFIG

0.05

GDL

0.10

5Y Dividends CAGR

Winner

PFIG

6.94%

GDL

-4.36%

PFIG vs GDL - Historical Returns

Returns include dividend reinvestment.

Period	PFIG	GDL
1 month	+0.76%	-0.24%
3 months	+0.45%	+0.59%
6 months	-0.42%	+0.76%
1 year	+2.84%	+5.52%
5 years(CAGR)	+1.27%	+4.49%
10 years(CAGR)	+2.34%	+3.83%
Max(CAGR)	+2.76%	+3.26%

Winner

PFIG

+0.76%

GDL

-0.24%

PFIG

+0.45%

Winner

GDL

+0.59%

PFIG

-0.42%

Winner

GDL

+0.76%

PFIG

+2.84%

Winner

GDL

+5.52%

5Y(CAGR)

PFIG

+1.27%

Winner

GDL

+4.49%

10Y(CAGR)

PFIG

+2.34%

Winner

GDL

+3.83%

Max(CAGR)

PFIG

+2.76%

Winner

GDL

+3.26%

PFIG vs GDL - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	PFIG	GDL
2026	+0.59%	+3.19%
2025	+7.73%	+11.53%
2024	+3.68%	+6.46%
2023	+6.70%	+8.16%
2022	-9.69%	-6.27%
2021	-1.30%	+8.15%
2020	+7.50%	-0.36%
2019	+9.72%	+6.91%
2018	-0.66%	-2.79%
2017	+3.47%	+4.29%
2016	+3.40%	+5.32%
2015	+0.95%	+4.44%
2014	+4.60%	+0.89%
2013	-1.16%	+6.69%
2012	+5.60%	+6.56%
2011	+1.99%	+5.01%
2010	N/A	+1.10%
2009	N/A	+17.35%
2008	N/A	-9.24%
2007	N/A	-13.32%

PFIG vs GDL Drawdown Comparison

The maximum drawdown for PFIG was -15.58%, occurring on Oct 20, 2022. Recovery took 921 trading sessions.

The maximum drawdown for GDL was -38.67%, occurring on Mar 18, 2020. Recovery took 261 trading sessions.

The current PFIG drawdown is -0.57%. The current GDL drawdown is -1.06%.

Rank	PFIG	GDL
#1	-15.58% Aug 3, 2021 - Apr 3, 2025	-38.67% Jan 15, 2020 - Jan 28, 2021
#2	-14.64% Mar 3, 2020 - May 29, 2020	-36.33% Jun 4, 2007 - Mar 17, 2011
#3	-5.24% May 1, 2013 - Apr 11, 2014	-14.35% Jun 28, 2011 - Sep 12, 2012
#4	-4.08% Nov 1, 2011 - May 7, 2012	-13.30% Oct 12, 2017 - Jan 8, 2020
#5	-3.65% Sep 27, 2016 - Jun 2, 2017	-9.51% Dec 17, 2021 - Dec 14, 2023
#6	-3.41% Sep 5, 2017 - Jan 30, 2019	-7.91% May 13, 2014 - May 13, 2015
#7	-2.89% Dec 30, 2020 - Jul 19, 2021	-7.01% Oct 5, 2012 - Jan 23, 2013
#8	-2.48% Sep 22, 2011 - Oct 19, 2011	-6.41% Jan 5, 2016 - Mar 21, 2016
#9	-2.32% Apr 1, 2015 - Mar 16, 2016	-6.00% Mar 25, 2025 - May 21, 2025
#10	-2.03% Apr 4, 2025 - May 30, 2025	-4.89% May 18, 2015 - Dec 22, 2015
#11	-1.95% Feb 23, 2026 - Mar 26, 2026	-4.17% May 20, 2013 - Sep 26, 2013
#12	-1.76% Oct 15, 2014 - Jan 12, 2015	-3.54% Mar 26, 2013 - May 16, 2013
#13	-1.55% Sep 4, 2019 - Oct 3, 2019	-3.34% Dec 26, 2023 - Mar 21, 2024
#14	-1.38% May 18, 2012 - Jun 18, 2012	-3.22% Sep 30, 2016 - Dec 20, 2016
#15	-1.37% Dec 5, 2012 - Apr 4, 2013	-3.22% Feb 2, 2026 - May 14, 2026

Correlation

Correlation between PFIG and GDL is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2007 - 2026)

PFIG vs GDL dividend yield comparison.

Year	PFIG	GDL
2026	2.95%	2.86%
2025	4.15%	5.67%
2024	4.12%	5.99%
2023	3.54%	5.97%
2022	2.58%	6.12%
2021	3.34%	5.38%
2020	2.81%	5.28%
2019	2.92%	4.30%
2018	2.88%	4.36%
2017	2.54%	5.96%
2016	2.58%	6.50%
2015	2.57%	6.39%
2014	2.39%	7.82%
2013	2.19%	11.62%
2012	2.30%	11.21%
2011	0.64%	19.85%
2010	0.00%	9.57%
2009	0.00%	8.88%
2008	0.00%	12.18%
2007	0.00%	7.50%