Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) belongs to the Corporate Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GDO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GDO
GDO charges 0.02% annually. No mutual funds in the Corporate Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.04%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Taxable Municipal Income Fund | 0.04% | — | Dec 2009 | GDO vs NBB | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.05% | — | Nov 2009 | GDO vs VSTBX | |
| Vanguard Intermediate-Term Corporate Bond Index Fu... | 0.05% | — | Nov 2009 | GDO vs VICBX | |
| Vanguard Long-Term Corporate Bond Index Fund Insti... | 0.05% | — | Nov 2009 | GDO vs VLCIX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.06% | 51.90B | Nov 2010 | GDO vs VSCSX |
Best Risk-Adjusted Alternatives to GDO
GDO has a PortfoliosLab risk / return rank of 4. There are 47 mutual funds in the Corporate Bonds category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Intermediate Bond Fund | 96 | — | Dec 2014 | GDO vs MIFIX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 82 | — | Nov 2009 | GDO vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 80 | 51.90B | Nov 2010 | GDO vs VSCSX | |
| John Hancock Managed Account Shares Investment-Gra... | 26 | — | Jul 2019 | GDO vs JMABX | |
| LKCM Fixed Income Fund | 25 | — | Dec 1997 | GDO vs LKFIX |
Top Performing GDO Alternatives (YTD)
GDO is at -5.79% YTD. There are 50 mutual funds in the Corporate Bonds category with higher YTD returns, going as high as 5.91%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Intermediate Bond Fund | 5.91% | — | Dec 2014 | GDO vs MIFIX | |
| Nuveen Taxable Municipal Income Fund | 0.86% | — | Dec 2009 | GDO vs NBB | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.83% | — | Nov 2009 | GDO vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.79% | 51.90B | Nov 2010 | GDO vs VSCSX | |
| Brandes Separately Managed Account Reserve Trust | -0.12% | — | Oct 2005 | GDO vs SMARX |
Lowest Volatility Alternatives to GDO
GDO has 8.25% 1-year volatility. There are 48 mutual funds in the Corporate Bonds category with lower 1-year volatility, going as low as 1.78%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 1.78% | 51.90B | Nov 2010 | GDO vs VSCSX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 1.78% | — | Nov 2009 | GDO vs VSTBX | |
| LKCM Fixed Income Fund | 2.52% | — | Dec 1997 | GDO vs LKFIX | |
| iMGP Dolan McEniry Corporate Bond Fund | 2.79% | — | Sep 2018 | GDO vs IDMIX | |
| Federated Hermes Intermediate Corporate Bond Fund | 3.03% | — | Dec 1993 | GDO vs FIIFX |
Lowest Drawdown Alternatives to GDO
GDO has a 1-year max drawdown of -8.28%. There are 49 mutual funds in the Corporate Bonds category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Short-Term Corporate Bond Index Fund Inst... | -1.31% | — | Nov 2009 | GDO vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | -1.36% | 51.90B | Nov 2010 | GDO vs VSCSX | |
| LKCM Fixed Income Fund | -1.76% | — | Dec 1997 | GDO vs LKFIX | |
| Federated Hermes Intermediate Corporate Bond Fund | -2.28% | — | Dec 1993 | GDO vs FIIFX | |
| iMGP Dolan McEniry Corporate Bond Fund | -2.38% | — | Sep 2018 | GDO vs IDMIX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 9 | 3.59% | — | Jan 1968 | GDO vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 38 | -12.38% | — | May 1969 | GDO vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 91 | 5.62% | — | — | GDO vs FKINX | |
| Franklin Growth Fund Class A | Large Cap Growth Equities | 22 | 6.30% | — | Apr 1948 | GDO vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund Inc. | MLPs, Energy Equities | 37 | 20.68% | — | Jun 2011 | GDO vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 38 | 8.00% | — | Jan 1987 | GDO vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 6 | 1.07% | — | Aug 1997 | GDO vs SBLGX | |
| Templeton Institutional Fund International Equity ... | Foreign Large Cap Equities | 60 | 13.92% | — | Oct 1990 | GDO vs TFEQX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 94 | 5.78% | — | Aug 1997 | GDO vs FRIAX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 6 | -0.18% | — | Oct 1983 | GDO vs SHRAX |
Often Compared With GDO
Investors most often compare GDO with PAI, BSTZ, VLTCX. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare GDO with Any Fund or Stock
Compare GDO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GDO with funds that move differently
Western Asset Global Corporate Defined Opportunity Fund Inc alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GDO.
Explore GDO Diversifiers