Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) Sharpe Ratio: 0.53

GDO's Sharpe Ratio of 0.53 indicates that for each unit of volatility, it generates 0.53 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 26, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

GDO Sharpe Ratio Rank

Concerning

GDO ranks above 8.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Weak risk-adjusted returns relative to category peers
Evaluate whether this holding aligns with your risk-return objectives
Consider reducing exposure or re-evaluating position size
Review higher-ranked alternatives in the same category

GDO Sharpe Ratio Market Positioning

The chart shows GDO's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 1.15 or lower
Yellow zone (middle 50%): 1.15 to 2.06
Green zone (top 25%): 2.06 or higher
Top 1%: 3.99+
Median: 1.68 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Western Asset Global Corporate Defined Opportunity Fund Inc's Sharpe Ratio with other mutual funds in the Corporate Bonds category across multiple time periods, showing how GDO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 26, 2026.

Symbol	Name	1Y Sharpe Ratio
MIFIX	Miller Intermediate Bond Fund	3.08
VSTBX	Vanguard Short-Term Corporate Bond Index Fund Institutional Shares	2.33
VSCSX	Vanguard Short-Term Corporate Bond Index Fund Admiral Shares	2.29
JMABX	John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio	1.65
CFICX	Calvert Income Fund	1.44
LKFIX	LKCM Fixed Income Fund	1.40
FIIFX	Federated Hermes Intermediate Corporate Bond Fund	1.40
ACISX	AB Corporate Income Shares	1.38
IDMIX	iMGP Dolan McEniry Corporate Bond Fund	1.37
DFTEX	DFA Intermediate-Term Extended Quality Portfolio Fund	1.36
GDO	Western Asset Global Corporate Defined Opportunity Fund Inc	0.53

Benchmark Against

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Historical Sharpe Ratio

The chart shows GDO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when GDO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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