SBI vs UPGD

Comparison between Western Asset Intermediate Muni Fund Inc (SBI, ETF) and INVESCO BLOOMBERG ANALYST RATING IMPROVERS ETF (UPGD, ETF).

5-Year PerformanceUPGD has outperformed SBI, delivering a return of +6.8% compared to +0.7%

SBI vs UPGD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SBI(ETF)	UPGD(ETF)
Net Assets	$119M	$119M
Expense Ratio	N/A	0.40%
Max Drawdown	43.86%	64.78%
Sharpe Ratio	1.06	0.94
5Y Beta	0.15	0.70
P/E Ratio	N/A	25.56
Forward P/E	N/A	21.01
PEG Ratio	N/A	0.97
5Y Dividends CAGR	14.13%	55.56%
5Y EPS CAGR	N/A	14.16%
Debt to Equity	N/A	-42.90%
P/S Ratio	N/A	1.97
P/B Ratio	N/A	4.79

Net Assets

SBI

$119M

UPGD

$119M

Expense Ratio

SBI

N/A

UPGD

0.40%

Max Drawdown

Winner

SBI

43.86%

UPGD

64.78%

Sharpe Ratio

Winner

SBI

1.06

UPGD

0.94

5Y Beta

Winner

SBI

0.15

UPGD

0.70

P/E Ratio

SBI

N/A

UPGD

25.56

Forward P/E

SBI

N/A

UPGD

21.01

PEG Ratio

SBI

N/A

UPGD

0.97

5Y Dividends CAGR

SBI

14.13%

Winner

UPGD

55.56%

5Y EPS CAGR

SBI

N/A

UPGD

14.16%

Debt to Equity

SBI

N/A

UPGD

-42.90%

P/S Ratio

SBI

N/A

UPGD

1.97

P/B Ratio

SBI

N/A

UPGD

4.79

SBI vs UPGD - Historical Returns

Returns include dividend reinvestment.

Period	SBI	UPGD
1 month	+0.67%	+5.61%
3 months	+0.87%	+10.22%
6 months	+3.97%	+9.03%
1 year	+10.99%	+17.71%
5 years(CAGR)	+0.68%	+6.76%
10 years(CAGR)	+1.40%	+10.49%
Max(CAGR)	+4.45%	+7.99%

SBI

+0.67%

Winner

UPGD

+5.61%

SBI

+0.87%

Winner

UPGD

+10.22%

SBI

+3.97%

Winner

UPGD

+9.03%

SBI

+10.99%

Winner

UPGD

+17.71%

5Y(CAGR)

SBI

+0.68%

Winner

UPGD

+6.76%

10Y(CAGR)

SBI

+1.40%

Winner

UPGD

+10.49%

Max(CAGR)

SBI

+4.45%

Winner

UPGD

+7.99%

SBI vs UPGD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SBI	UPGD
2026	+4.07%	+10.05%
2025	+4.71%	+8.98%
2024	+6.01%	+13.80%
2023	+4.41%	+16.47%
2022	-18.11%	-13.97%
2021	+8.51%	+25.57%
2020	+4.27%	+6.10%
2019	+11.05%	+30.23%
2018	-7.08%	-15.51%
2017	+1.98%	+12.33%
2016	-2.28%	+21.96%
2015	+11.06%	-5.93%
2014	+11.62%	+5.65%
2013	-13.11%	+39.25%
2012	+13.15%	+12.96%
2011	+10.53%	-3.39%
2010	+9.39%	+25.78%
2009	+25.05%	+51.42%
2008	-10.17%	-38.29%
2007	+0.97%	+2.96%
2006	+9.01%	-14.71%
2005	-3.44%	N/A
2004	-2.07%	N/A
2003	+14.58%	N/A
2002	+5.71%	N/A
2001	+13.21%	N/A
2000	+9.55%	N/A
1999	-7.92%	N/A

SBI vs UPGD Drawdown Comparison

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

The maximum drawdown for UPGD was -60.86%, occurring on Nov 20, 2008. Recovery took 1142 trading sessions.

The current SBI drawdown is -0.61%. The current UPGD drawdown is -0.93%.

Rank	SBI	UPGD
#1	-33.69% Feb 12, 2008 - Jul 24, 2009	-60.86% May 23, 2006 - Dec 3, 2010
#2	-25.21% Sep 21, 2021 - Oct 24, 2022	-50.19% Aug 29, 2018 - Dec 3, 2020
#3	-20.05% Feb 21, 2020 - Feb 2, 2021	-28.87% Apr 29, 2011 - Mar 15, 2012
#4	-19.30% Jan 25, 2013 - Feb 2, 2015	-27.28% Jun 23, 2015 - Nov 18, 2016
#5	-16.12% Apr 1, 2004 - Jun 28, 2005	-24.31% Nov 9, 2021 - Feb 27, 2024
#6	-15.62% Sep 6, 2016 - Aug 23, 2019	-16.90% Nov 29, 2024 - Aug 22, 2025
#7	-11.57% Sep 3, 2010 - Aug 31, 2011	-13.43% Mar 26, 2012 - Jan 2, 2013
#8	-10.68% Jul 22, 2005 - Dec 1, 2006	-12.68% Jul 3, 2014 - Feb 24, 2015
#9	-9.49% Jun 12, 2003 - Nov 10, 2003	-10.11% Jan 26, 2018 - May 16, 2018
#10	-8.39% Nov 1, 1999 - Jun 30, 2000	-10.01% Feb 27, 2026 - May 26, 2026
#11	-7.67% Jul 25, 2000 - Dec 7, 2000	-8.56% Jun 8, 2021 - Oct 19, 2021
#12	-7.53% Sep 28, 2007 - Jan 4, 2008	-6.75% Oct 6, 2025 - Dec 11, 2025
#13	-7.48% Sep 20, 2002 - May 1, 2003	-6.71% Jan 22, 2014 - Feb 26, 2014
#14	-7.17% Nov 5, 2001 - May 23, 2002	-6.69% Jul 25, 2017 - Sep 27, 2017
#15	-6.95% Aug 13, 2001 - Oct 3, 2001	-6.68% Apr 2, 2014 - Jun 18, 2014

Correlation

Correlation between SBI and UPGD is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (1999 - 2026)

SBI vs UPGD dividend yield comparison.

Year	SBI	UPGD
2026	2.69%	0.00%
2025	6.56%	1.75%
2024	6.23%	1.28%
2023	3.76%	1.39%
2022	3.72%	0.72%
2021	2.93%	0.52%
2020	3.07%	0.28%
2019	3.59%	0.20%
2018	4.32%	1.43%
2017	4.58%	0.00%
2016	5.01%	1.55%
2015	4.70%	0.93%
2014	4.92%	0.26%
2013	5.30%	0.34%
2012	4.54%	0.35%
2011	4.90%	0.14%
2010	5.03%	0.00%
2009	4.69%	0.00%
2008	5.42%	0.31%
2007	4.83%	10.64%
2006	4.87%	0.60%
2005	6.45%	0.00%
2004	6.54%	0.00%
2003	6.01%	0.00%
2002	6.04%	0.00%
2001	5.66%	0.00%
2000	6.16%	0.00%
1999	1.05%	0.00%