PFO vs GHYB

Comparison between Flaherty & Crumrine Preferred and Income Opportunity Fund Inc (PFO, ETF) and GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF (GHYB, ETF).

5-Year PerformanceGHYB has outperformed PFO, delivering a return of +3.8% compared to -0.6%

PFO vs GHYB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PFO(ETF)	GHYB(ETF)
Net Assets	$133M	$132M
Expense Ratio	N/A	0.15%
Max Drawdown	83.18%	22.16%
Sharpe Ratio	0.24	0.29
5Y Beta	0.33	0.22
5Y Dividends CAGR	-2.72%	6.17%

Net Assets

Winner

PFO

$133M

GHYB

$132M

Expense Ratio

PFO

N/A

GHYB

0.15%

Max Drawdown

PFO

83.18%

Winner

GHYB

22.16%

Sharpe Ratio

PFO

0.24

Winner

GHYB

0.29

5Y Beta

PFO

0.33

Winner

GHYB

0.22

5Y Dividends CAGR

PFO

-2.72%

Winner

GHYB

6.17%

PFO vs GHYB - Historical Returns

Returns include dividend reinvestment.

Period	PFO	GHYB
1 month	-0.87%	-0.25%
3 months	-1.17%	+0.30%
6 months	-2.26%	+0.68%
1 year	+5.34%	+4.83%
5 years(CAGR)	-0.63%	+3.78%
10 years(CAGR)	+3.81%	+4.45%
Max(CAGR)	+7.15%	+4.45%

PFO

-0.87%

Winner

GHYB

-0.25%

PFO

-1.17%

Winner

GHYB

+0.30%

PFO

-2.26%

Winner

GHYB

+0.68%

Winner

PFO

+5.34%

GHYB

+4.83%

5Y(CAGR)

PFO

-0.63%

Winner

GHYB

+3.78%

10Y(CAGR)

PFO

+3.81%

Winner

GHYB

+4.45%

Max(CAGR)

Winner

PFO

+7.15%

GHYB

+4.45%

PFO vs GHYB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PFO	GHYB
2026	-0.55%	+1.16%
2025	+11.59%	+9.08%
2024	+21.08%	+8.17%
2023	-2.15%	+11.97%
2022	-26.67%	-10.87%
2021	+5.84%	+3.50%
2020	+13.55%	+6.08%
2019	+19.59%	+14.59%
2018	-3.86%	-2.30%
2017	+13.17%	+0.28%
2016	+12.87%	N/A
2015	-0.19%	N/A
2014	+22.10%	N/A
2013	-4.32%	N/A
2012	+11.19%	N/A
2011	+27.17%	N/A
2010	+23.40%	N/A
2009	+83.83%	N/A
2008	-47.04%	N/A
2007	-17.95%	N/A
2006	+15.92%	N/A
2005	-11.38%	N/A
2004	+2.06%	N/A
2003	+24.31%	N/A
2002	+10.31%	N/A
2001	+22.96%	N/A
2000	+1.79%	N/A
1999	-1.14%	N/A

PFO vs GHYB Drawdown Comparison

The maximum drawdown for PFO was -77.42%, occurring on Oct 10, 2008. Recovery took 749 trading sessions.

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

The current PFO drawdown is -5.19%. The current GHYB drawdown is -0.68%.

Rank	PFO	GHYB
#1	-77.42% Mar 28, 2007 - Mar 18, 2010	-21.48% Feb 20, 2020 - Jul 27, 2020
#2	-48.97% Feb 21, 2020 - Oct 15, 2020	-16.08% Dec 27, 2021 - Dec 27, 2023
#3	-40.11% Jul 7, 2021 - Oct 19, 2023	-5.97% Oct 3, 2018 - Jan 30, 2019
#4	-20.60% Apr 23, 2013 - May 16, 2014	-4.66% Feb 28, 2025 - May 12, 2025
#5	-20.28% Apr 21, 2015 - Mar 28, 2016	-3.18% Jan 8, 2018 - Jul 31, 2018
#6	-20.05% Jul 21, 2011 - Dec 19, 2011	-2.75% Mar 20, 2024 - May 15, 2024
#7	-19.67% Nov 9, 2018 - May 8, 2019	-2.70% Sep 2, 2020 - Oct 12, 2020
#8	-18.41% Mar 26, 2004 - Sep 7, 2005	-2.67% Feb 20, 2026 - Apr 14, 2026
#9	-17.71% Sep 7, 2005 - Jan 9, 2007	-2.50% Sep 15, 2021 - Dec 27, 2021
#10	-16.67% Aug 10, 2016 - Apr 20, 2017	-2.34% Feb 12, 2021 - Jun 2, 2021
#11	-15.36% Sep 14, 2010 - Feb 28, 2011	-1.95% Oct 12, 2020 - Nov 4, 2020
#12	-15.12% Jan 5, 2000 - Dec 29, 2000	-1.79% Dec 27, 2023 - Mar 12, 2024
#13	-12.87% May 13, 2010 - Aug 6, 2010	-1.75% Dec 6, 2024 - Jan 21, 2025
#14	-12.70% Aug 23, 2002 - Dec 24, 2002	-1.64% Apr 15, 2019 - Jun 10, 2019
#15	-12.63% Jul 17, 2017 - Aug 21, 2018	-1.56% Jul 3, 2019 - Aug 28, 2019

Correlation

Correlation between PFO and GHYB is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2000 - 2026)

PFO vs GHYB dividend yield comparison.

Year	PFO	GHYB
2026	3.63%	3.29%
2025	6.84%	7.00%
2024	6.75%	6.65%
2023	7.18%	6.20%
2022	8.73%	5.67%
2021	6.49%	4.46%
2020	6.10%	4.75%
2019	6.31%	5.57%
2018	7.55%	5.68%
2017	7.25%	1.45%
2016	8.03%	0.00%
2015	8.21%	0.00%
2014	7.58%	0.00%
2013	8.69%	0.00%
2012	9.09%	0.00%
2011	8.37%	0.00%
2010	8.67%	0.00%
2009	7.35%	0.00%
2008	16.63%	0.00%
2007	8.40%	0.00%
2006	6.40%	0.00%
2005	7.76%	0.00%
2004	7.04%	0.00%
2003	6.33%	0.00%
2002	7.85%	0.00%
2001	7.46%	0.00%
2000	3.28%	0.00%