GDO vs. CCI
GDO (Western Asset Global Corporate Defined Opportunity Fund Inc) is Corporate Bonds fund managed by Franklin Templeton, while CCI (Crown Castle Inc.) is a stock. Over the past 10 years, GDO returned 3.67%/yr vs 1.95%/yr for CCI. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
GDO vs. CCI - Performance Comparison
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Returns By Period
In the year-to-date period, GDO achieves a -5.79% return, which is significantly higher than CCI's -11.55% return. Over the past 10 years, GDO has outperformed CCI with an annualized return of 3.67%, while CCI has yielded a comparatively lower 1.95% annualized return.
GDO
- 1D
- 0.29%
- 1M
- -3.05%
- 6M
- -4.94%
- YTD
- -5.79%
- 1Y
- -0.15%
- 3Y*
- 5.90%
- 5Y*
- -1.17%
- 10Y*
- 3.67%
- ALL TIME*
- 4.67%
CCI
- 1D
- 0.58%
- 1M
- 0.18%
- 6M
- -7.48%
- YTD
- -11.55%
- 1Y
- -24.75%
- 3Y*
- -4.52%
- 5Y*
- -12.94%
- 10Y*
- 1.95%
- ALL TIME*
- 8.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $378.22M | $330.45M | $361.72M | |
| $426.35K | $402.60K | $326.75K |
GDO vs. CCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDO Western Asset Global Corporate Defined Opportunity Fund Inc | -5.79% | 18.25% | -0.79% | 10.39% | -20.30% | 3.38% | 6.82% | 30.72% | -10.12% | 13.48% |
CCI Crown Castle Inc. | -11.55% | 2.96% | -16.39% | -10.24% | -32.57% | 35.08% | 15.49% | 35.45% | 1.75% | 32.97% |
Correlation
The correlation between GDO and CCI is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.19 |
The correlation between GDO and CCI shifts across timeframes, from 0.02 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GDO vs. CCI — Risk / Return Rank
GDO
CCI
GDO vs. CCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) and Crown Castle Inc. (CCI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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 | CCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.87 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.90 | +0.88 |
| Martin ratioReturn relative to average drawdown | -0.04 | -1.57 | +1.53 |
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Drawdowns
GDO vs. CCI - Drawdown Comparison
The maximum GDO drawdown since its inception was -34.61%, smaller than the maximum CCI drawdown of -97.52%. Use the drawdown chart below to compare losses from any high point for GDO and CCI.
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Drawdown Indicators
| GDO | CCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.61% | -97.52% | +62.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -27.52% | +19.24% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -32.53% | +19.35% |
Max Drawdown (5Y)Largest decline over 5 years | -34.61% | -55.49% | +20.88% |
Max Drawdown (10Y)Largest decline over 10 years | -34.61% | -55.49% | +20.88% |
Current DrawdownCurrent decline from peak | -6.36% | -53.92% | +47.56% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -26.05% | +19.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 15.77% | -12.36% |
Volatility
GDO vs. CCI - Volatility Comparison
The current volatility for Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) is 1.90%, while Crown Castle Inc. (CCI) has a volatility of 9.89%. This indicates that GDO experiences smaller price fluctuations and is considered to be less risky than CCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDO | CCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 9.89% | -7.99% |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | 25.37% | -19.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.25% | 29.19% | -20.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.24% | 27.23% | -14.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.28% | 26.34% | -13.06% |
Dividends
GDO vs. CCI - Dividend Comparison
GDO's dividend yield for the trailing twelve months is around 14.23%, more than CCI's 5.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCI Crown Castle Inc. | 5.54% | 5.35% | 6.90% | 5.43% | 4.41% | 2.62% | 3.10% | 3.22% | 3.94% | 3.51% | 4.15% | 3.87% |
GDO Western Asset Global Corporate Defined Opportunity Fund Inc | 14.23% | 12.40% | 12.04% | 9.52% | 9.49% | 6.93% | 6.70% | 6.65% | 8.41% | 7.57% | 7.96% | 8.62% |
Frequently Asked Questions
GDO and CCI have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCI has higher volatility (9.89%) compared to GDO (1.90%). In terms of maximum drawdown, GDO dropped -34.61% vs CCI's -97.52%.
GDO currently has the higher Sharpe Ratio (-0.02 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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