- CUSIP
- 95790C107
- Issuer
- Franklin Templeton
- Inception Date
- Jan 1, 2012
- Category
- Corporate Bonds
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GDO Performance Chart
Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) is down 4.7% since the beginning of the year. GDO is currently trading at $11 per share. Investors who bought $1,000 worth of GDO shares 5 years ago would now be looking at an investment worth $972.
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Returns By Period
Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) has returned -4.65% so far this year and 4.26% over the past 12 months. Over the last ten years, GDO has returned 4.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Western Asset Global Corporate Defined Opportunity Fund Inc
- 1D
- 0.00%
- 1M
- -0.28%
- YTD
- -4.65%
- 6M
- -4.17%
- 1Y
- 4.26%
- 3Y*
- 7.02%
- 5Y*
- -0.56%
- 10Y*
- 4.27%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GDO Monthly Returns History
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, an investment would double in approximately 12.6 years.
Historically, 58% of months were positive and 43% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.24% | -0.34% | -4.37% | 4.10% | -0.95% | -1.75% | -4.65% | ||||||
| 2025 | 0.38% | 2.33% | 2.75% | 0.05% | 0.47% | 4.70% | 0.53% | 3.17% | 0.09% | -0.91% | 1.31% | 2.15% | 18.25% |
| 2024 | -1.15% | 1.95% | -0.61% | -3.99% | 5.25% | -0.55% | 2.71% | 3.89% | 1.66% | -6.59% | -0.90% | -1.84% | -0.79% |
| 2023 | 5.57% | -3.96% | 0.44% | -0.06% | -2.53% | 2.39% | 2.77% | -2.20% | -2.19% | -3.27% | 6.82% | 7.01% | 10.39% |
| 2022 | -4.23% | -3.98% | -5.85% | -3.79% | 4.63% | -7.34% | 6.08% | -4.85% | -16.74% | 5.87% | 11.75% | -0.75% | -20.30% |
| 2021 | -0.54% | -1.24% | 0.75% | 1.94% | 2.25% | 3.05% | 0.93% | -1.71% | -0.66% | 1.28% | -5.63% | 3.24% | 3.38% |
Benchmark Metrics
Western Asset Global Corporate Defined Opportunity Fund Inc has an annualized alpha of 2.02%, beta of 0.26, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since November 24, 2009.
- This fund participated in 67.84% of S&P 500 Index downside but only 48.17% 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.
- Alpha
- 2.02%
- Beta
- 0.26
- R²
- 0.14
- Upside Capture
- 48.17%
- Downside Capture
- 67.84%
Expense Ratio
GDO has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
GDO ranks 6 for risk / return — in the bottom 6% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.37 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 2.78 | -2.27 |
| Martin ratioReturn relative to average drawdown | 1.46 | 12.44 | -10.98 |
Dividends
Dividend History
Western Asset Global Corporate Defined Opportunity Fund Inc provided a 13.73% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.46 | $1.46 | $1.36 | $1.22 | $1.21 | $1.21 | $1.21 | $1.21 | $1.26 | $1.36 | $1.36 | $1.36 |
Dividend yield | 13.73% | 12.40% | 12.04% | 9.52% | 9.49% | 6.93% | 6.70% | 6.65% | 8.41% | 7.57% | 7.96% | 8.62% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.00 | $0.61 | ||||||
| 2025 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.46 |
| 2024 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.36 |
| 2023 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.22 |
| 2022 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.21 |
| 2021 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.21 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 5.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -34.61%Sep 2022 | 1y 17d | 3y 3mo | 4y 3moSep 2021 - Dec 2025 |
COVID crash2020 | -32.81%Mar 2020 | 23d | 6mo 25d | 7mo 18dFeb 2020 - Oct 2020 |
2013 correction2013 | -15.63%Aug 2013 | 6mo 26d | 1y 6mo | 2y 1moJan 2013 - Feb 2015 |
2010 correction2010 | -13.66%May 2010 | 5mo 3d | 4mo 4d | 9mo 7dDec 2009 - Sep 2010 |
Rate-hike selloffLate 2018 | -12.03%Nov 2018 | 1y 1mo | 3mo 2d | 1y 4moOct 2017 - Feb 2019 |
Drawdown Indicators
| GDO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.61% | -56.78% | +22.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -9.10% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -18.90% | +5.72% |
Max Drawdown (5Y)Largest decline over 5 years | -34.61% | -25.43% | -9.18% |
Max Drawdown (10Y)Largest decline over 10 years | -34.61% | -33.92% | -0.69% |
Current DrawdownCurrent decline from peak | -5.23% | -1.80% | -3.43% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -10.71% | +4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.03% | +0.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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