IDMIX vs. GDO

Last updated Aug 4, 2026

IDMIX (iMGP Dolan McEniry Corporate Bond Fund) and GDO (Western Asset Global Corporate Defined Opportunity Fund Inc) are both Corporate Bonds funds. Over the past 5 years, IDMIX returned 0.58%/yr vs -1.17%/yr for GDO. Their 0.34 correlation means their historical movements had little consistent relationship. IDMIX charges 0.70%/yr vs 0.01%/yr for GDO.

Performance

IDMIX vs. GDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iMGP Dolan McEniry Corporate Bond Fund (IDMIX) and Western Asset Global Corporate Defined Opportunity Fund Inc (GDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDMIX achieves a -0.66% return, which is significantly higher than GDO's -5.79% return.

IDMIX

• 1D: -0.20%
• 1M: -1.01%
• 6M: -0.62%
• YTD: -0.66%
• 1Y: 2.04%
• 3Y*: 4.32%
• 5Y*: 0.58%
• 10Y*: —
• ALL TIME*: 2.47%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GDO Western Asset Global Corporate Defined Opportunity Fund Inc	$426.35K	$402.60K	$326.75K
IDMIX iMGP Dolan McEniry Corporate Bond Fund	$0.00	$0.00	$0.00

IDMIX vs. GDO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IDMIX iMGP Dolan McEniry Corporate Bond Fund	-0.66%	7.58%	2.41%	5.96%	-9.71%	-1.54%	5.52%	11.26%	-0.17%
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%	-1.41%

Correlation

The correlation between IDMIX and GDO is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.43
Correlation (5Y) Shows whether the relationship held over a longer period.	0.41
Correlation (All Time) Calculated using the full available price history since Oct 30, 2018	0.34

Return for Risk

IDMIX vs. GDO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IDMIX

IDMIX Risk / Return Rank: 23
IDMIX Sharpe Ratio Rank: 23
IDMIX Sortino Ratio Rank: 24
IDMIX Omega Ratio Rank: 23
IDMIX Calmar Ratio Rank: 20
IDMIX Martin Ratio Rank: 25

GDO

GDO Risk / Return Rank: 4
GDO Sharpe Ratio Rank: 4
GDO Sortino Ratio Rank: 3
GDO Omega Ratio Rank: 4
GDO Calmar Ratio Rank: 4
GDO Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IDMIX vs. GDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iMGP Dolan McEniry Corporate Bond Fund (IDMIX) and Western Asset Global Corporate Defined Opportunity Fund Inc (GDO). 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.

	IDMIX	GDO	Difference
Sharpe ratio: Return per unit of total volatility	0.89	-0.02	+0.91
Sortino ratio: Return per unit of downside risk	1.37	0.03	+1.34
Omega ratio: Gain probability vs. loss probability	1.16	1.00	+0.16
Calmar ratio: Return relative to maximum drawdown	1.04	-0.02	+1.05
Martin ratio: Return relative to average drawdown	3.71	-0.04	+3.75

IDMIX vs. GDO - Sharpe Ratio Comparison

The current IDMIX Sharpe Ratio is 0.89, which is higher than the GDO Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of IDMIX and GDO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDMIX vs. GDO - Drawdown Comparison

The maximum IDMIX drawdown since its inception was -14.19%, smaller than the maximum GDO drawdown of -34.61%. Use the drawdown chart below to compare losses from any high point for IDMIX and GDO.

Drawdown Indicators

	IDMIX	GDO	Difference
Max Drawdown Largest peak-to-trough decline	-14.19%	-34.61%	+20.42%
Max Drawdown (1Y) Largest decline over 1 year	-2.38%	-8.28%	+5.90%
Max Drawdown (3Y) Largest decline over 3 years	-3.54%	-13.18%	+9.64%
Max Drawdown (5Y) Largest decline over 5 years	-14.13%	-34.61%	+20.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.61%	—
Current Drawdown Current decline from peak	-1.11%	-6.36%	+5.25%
Average Drawdown Average peak-to-trough decline	-3.70%	-6.65%	+2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	3.41%	-2.75%

Volatility

IDMIX vs. GDO - Volatility Comparison

The current volatility for iMGP Dolan McEniry Corporate Bond Fund (IDMIX) is 0.63%, while Western Asset Global Corporate Defined Opportunity Fund Inc (GDO) has a volatility of 1.90%. This indicates that IDMIX experiences smaller price fluctuations and is considered to be less risky than GDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDMIX	GDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	1.90%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	2.29%	6.05%	-3.76%
Volatility (1Y) Calculated over the trailing 1-year period	2.79%	8.25%	-5.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.88%	12.24%	-8.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.05%	13.28%	-9.23%

IDMIX vs. GDO - Expense Ratio Comparison

IDMIX has a 0.70% expense ratio, which is higher than GDO's 0.02% expense ratio.

Dividends

IDMIX vs. GDO - Dividend Comparison

IDMIX's dividend yield for the trailing twelve months is around 3.90%, less than GDO's 14.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IDMIX iMGP Dolan McEniry Corporate Bond Fund	3.90%	4.53%	2.90%	2.42%	0.51%	1.25%	2.43%	2.96%	0.94%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDMIX and GDO in my portfolio?

IDMIX and GDO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDMIX or GDO?

GDO has higher volatility (1.90%) compared to IDMIX (0.63%). In terms of maximum drawdown, IDMIX dropped -14.19% vs GDO's -34.61%.

Which has better risk-adjusted returns?

IDMIX currently has the higher Sharpe Ratio (0.89 vs -0.02), 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.