UPGD vs SBI

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

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

UPGD vs SBI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

UPGD

$119M

SBI

$119M

Expense Ratio

UPGD

0.40%

SBI

N/A

Max Drawdown

UPGD

64.78%

Winner

SBI

43.86%

Sharpe Ratio

UPGD

0.94

Winner

SBI

1.06

5Y Beta

UPGD

0.70

Winner

SBI

0.15

P/E Ratio

UPGD

25.56

SBI

N/A

Forward P/E

UPGD

21.01

SBI

N/A

PEG Ratio

UPGD

0.97

SBI

N/A

5Y Dividends CAGR

Winner

UPGD

55.56%

SBI

14.13%

5Y EPS CAGR

UPGD

14.16%

SBI

N/A

Debt to Equity

UPGD

-42.90%

SBI

N/A

P/S Ratio

UPGD

1.97

SBI

N/A

P/B Ratio

UPGD

4.79

SBI

N/A

UPGD vs SBI - Historical Returns

Returns include dividend reinvestment.

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

Winner

UPGD

+5.61%

SBI

+0.67%

Winner

UPGD

+10.22%

SBI

+0.87%

Winner

UPGD

+9.03%

SBI

+3.97%

Winner

UPGD

+17.71%

SBI

+10.99%

5Y(CAGR)

Winner

UPGD

+6.76%

SBI

+0.68%

10Y(CAGR)

Winner

UPGD

+10.49%

SBI

+1.40%

Max(CAGR)

Winner

UPGD

+7.99%

SBI

+4.45%

UPGD vs SBI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

UPGD vs SBI Drawdown Comparison

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

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

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

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

Correlation

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

0.86

-101

Dividend Comparison (1999 - 2026)

UPGD vs SBI dividend yield comparison.

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