Western Asset Investment Grade Income Fund (PAI) vs Royce Global (RGT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Western Asset Investment Grade Income Fund is the larger company by market cap ($107.9 million vs $92.9 million), about 1.2 times the size. On valuation, Royce Global trades at a lower trailing P/E (2.6x vs 12.5x for Western Asset Investment Grade Income Fund). Western Asset Investment Grade Income Fund pays a dividend yielding 5.56%, while Royce Global does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | PAI | RGT |
|---|---|---|
| Share price | $11.34 | $14.15 |
| Market cap | $107.85M | $92.86M |
| 1-day change | +0.35% | -0.70% |
| YTD return | — | +7.93% |
| 1-year return | — | +8.02% |
| 5-year return | — | -10.10% |
| P/E ratio (TTM) | 12.46 | 2.63 |
| EPS (TTM) | $0.91 | $5.38 |
| Dividend yield | 5.56% | 1.34% |
| Annual dividend | $0.63 | $0.00 |
| 52-week high | $12.95 | $15.79 |
| 52-week low | $11.25 | $12.01 |
| Distance from 52-week high | -12.43% | -10.39% |
| Average volume | 18.73K | 18.10K |
| Shares outstanding | 9.51M | 6.56M |
| Sector | Finance | Finance |
| Industry | Trusts Except Educational Religious and Charitable | Trusts Except Educational Religious and Charitable |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Western Asset Investment Grade Income Fund trades at a higher earnings multiple (12.5x vs 2.6x trailing P/E).
- Western Asset Investment Grade Income Fund offers a meaningfully higher dividend yield (5.56% vs 1.34%).
About Western Asset Investment Grade Income Fund
PAI stock →Western Asset Investment Grade Income Fund Inc. is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company.
Finance · Trusts Except Educational Religious and Charitable
About Royce Global
RGT stock →Royce Global Trust, Inc. is domiciled in the United States.
Finance · Trusts Except Educational Religious and Charitable
PAI vs RGT FAQ
Which is bigger, Western Asset Investment Grade Income Fund or Royce Global?
Western Asset Investment Grade Income Fund (PAI) is larger, with a market capitalization of $107.85M compared with $92.86M for Royce Global (RGT).
Which has the lower P/E ratio, PAI or RGT?
RGT has the lower trailing P/E at 2.6, versus 12.5 for PAI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Western Asset Investment Grade Income Fund or Royce Global?
Western Asset Investment Grade Income Fund has the higher yield at 5.56%, compared with 1.34% for Royce Global.
Are Western Asset Investment Grade Income Fund and Royce Global in the same industry?
Yes. Both are classified in the Trusts Except Educational Religious and Charitable industry within the Finance sector.