Western Asset Global Corporate Defined Opportunity Fund Inc (GDO)

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The chart shows the growth of an initial investment of $10,000 in Western Asset Global Corporate Defined Opportunity Fund Inc, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) has returned -5.88% so far this year and 5.46% over the past 12 months. Over the last ten years, GDO has returned 4.64% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 24, 2009, GDO's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, your investment would double in approximately 12.6 years.

Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +12.2%, while the worst month was Mar 2020 at -18.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, GDO closed higher 51% of trading days. The best single day was Mar 2, 2020 with a return of +5.3%, while the worst single day was Mar 18, 2020 at -14.7%.

Western Asset Global Corporate Defined Opportunity Fund Inc has an annualized alpha of 2.18%, beta of 0.26, and R² of 0.14 versus S&P 500 Index. Calculated based on daily prices since November 25, 2009.

• This fund participated in 67.61% of S&P 500 Index downside but only 49.45% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.26 may look defensive, but with R² of 0.14 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.14 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

GDO has an expense ratio of 0.02%, which is considered low.

GDO ranks 19 for risk / return — in the bottom 19% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) and compare them to a chosen benchmark (S&P 500 Index).

Western Asset Global Corporate Defined Opportunity Fund Inc provided a 13.61% dividend yield over the last twelve months, with an annual payout of $1.46 per share. The fund has been increasing its distributions for 6 consecutive years.

The table displays the monthly dividend distributions for Western Asset Global Corporate Defined Opportunity Fund Inc. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Western Asset Global Corporate Defined Opportunity Fund Inc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Western Asset Global Corporate Defined Opportunity Fund Inc was 34.61%, occurring on Sep 30, 2022. Recovery took 814 trading sessions.

The current Western Asset Global Corporate Defined Opportunity Fund Inc drawdown is 6.45%.

The chart below shows the rolling one-month volatility.