SBI vs PCF

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

5-Year PerformanceSBI has outperformed PCF, delivering a return of +0.4% compared to -0.6%

SBI vs PCF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SBI(ETF)	PCF(ETF)
Net Assets	$119M	$119M
Max Drawdown	43.86%	58.20%
Sharpe Ratio	0.73	-0.67
5Y Beta	0.14	0.36
5Y Dividends CAGR	14.13%	-4.44%

Net Assets

Winner

SBI

$119M

PCF

$119M

Max Drawdown

Winner

SBI

43.86%

PCF

58.20%

Sharpe Ratio

Winner

SBI

0.73

PCF

-0.67

5Y Beta

Winner

SBI

0.14

PCF

0.36

5Y Dividends CAGR

Winner

SBI

14.13%

PCF

-4.44%

SBI vs PCF - Historical Returns

Returns include dividend reinvestment.

Period	SBI	PCF
1 month	-0.10%	-0.22%
3 months	+1.89%	-1.16%
6 months	+3.56%	-6.03%
1 year	+8.51%	-5.08%
5 years(CAGR)	+0.37%	-0.62%
10 years(CAGR)	+1.41%	+5.36%
Max(CAGR)	+4.46%	+6.39%

Winner

SBI

-0.10%

PCF

-0.22%

Winner

SBI

+1.89%

PCF

-1.16%

Winner

SBI

+3.56%

PCF

-6.03%

Winner

SBI

+8.51%

PCF

-5.08%

5Y(CAGR)

Winner

SBI

+0.37%

PCF

-0.62%

10Y(CAGR)

SBI

+1.41%

Winner

PCF

+5.36%

Max(CAGR)

SBI

+4.46%

Winner

PCF

+6.39%

SBI vs PCF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SBI	PCF
2026	+4.77%	-5.76%
2025	+4.71%	+5.47%
2024	+6.01%	+14.73%
2023	+4.41%	+7.19%
2022	-18.11%	-16.14%
2021	+8.51%	+10.74%
2020	+4.27%	+8.04%
2019	+11.05%	+3.71%
2018	-7.08%	+5.12%
2017	+1.98%	+15.14%
2016	-2.28%	+18.79%
2015	+11.06%	-5.23%
2014	+11.62%	+3.24%
2013	-13.11%	+8.20%
2012	+13.15%	+7.84%
2011	+10.53%	-2.75%
2010	+9.39%	+23.40%
2009	+25.05%	+43.49%
2008	-10.17%	-31.71%
2007	+0.97%	+1.07%
2006	+9.01%	+21.98%
2005	-3.44%	+1.05%
2004	-2.07%	+9.85%
2003	+14.58%	+32.05%
2002	+5.71%	-0.68%
2001	+13.21%	+9.90%
2000	+9.55%	+8.79%
1999	-7.92%	-14.97%

SBI vs PCF Drawdown Comparison

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

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

The current SBI drawdown is -0.64%. The current PCF drawdown is -7.95%.

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

Correlation

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

0.94

-101

Dividend Comparison (1999 - 2026)

SBI vs PCF dividend yield comparison.

Year	SBI	PCF
2026	3.22%	7.55%
2025	6.56%	11.57%
2024	6.23%	11.43%
2023	3.76%	11.29%
2022	3.72%	13.48%
2021	2.93%	10.82%
2020	3.07%	11.46%
2019	3.59%	3.29%
2018	4.32%	6.88%
2017	4.58%	3.97%
2016	5.01%	4.52%
2015	4.70%	5.07%
2014	4.92%	4.84%
2013	5.30%	5.67%
2012	4.54%	6.56%
2011	4.90%	6.86%
2010	5.03%	6.29%
2009	4.69%	7.45%
2008	5.42%	11.08%
2007	4.83%	6.85%
2006	4.87%	6.27%
2005	6.45%	7.25%
2004	6.54%	6.94%
2003	6.01%	7.06%
2002	6.04%	9.15%
2001	5.66%	9.81%
2000	6.16%	4.98%
1999	1.05%	0.00%