Western Asset Investment Grade Income Fund (PAI) vs Royce Small-Cap (RVT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Royce Small-Cap is the larger company by market cap ($2.09 billion vs $107.9 million), about 19.4 times the size. On valuation, Western Asset Investment Grade Income Fund trades at a lower trailing P/E (12.5x vs 23.3x for Royce Small-Cap). Royce Small-Cap offers the higher dividend yield (8.57% vs 5.56%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | PAI | RVT |
|---|---|---|
| Share price | $11.34 | $16.81 |
| Market cap | $107.85M | $2.09B |
| 1-day change | +0.35% | -0.65% |
| YTD return | — | +5.09% |
| 1-year return | — | +4.70% |
| 5-year return | — | -9.03% |
| P/E ratio (TTM) | 12.46 | 23.35 |
| EPS (TTM) | $0.91 | $0.72 |
| Dividend yield | 5.56% | 8.57% |
| Annual dividend | $0.63 | $1.44 |
| 52-week high | $12.95 | $19.12 |
| 52-week low | $11.25 | $14.97 |
| Distance from 52-week high | -12.43% | -12.08% |
| Analyst consensus | — | none |
| Average volume | 18.29K | 239.86K |
| Shares outstanding | 9.51M | 124.25M |
| 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
- Royce Small-Cap is about 19.4 times larger than Western Asset Investment Grade Income Fund by market value ($2.09B vs $107.85M).
- Royce Small-Cap trades at a higher earnings multiple (23.3x vs 12.5x trailing P/E).
- Royce Small-Cap offers a meaningfully higher dividend yield (8.57% vs 5.56%).
About Royce Small-Cap
RVT stock →Royce Small-Cap Trust, Inc. is a close ended equity mutual fund launched and managed by Royce & Associates, LLC.
Finance · Trusts Except Educational Religious and Charitable
PAI vs RVT FAQ
Which is bigger, Western Asset Investment Grade Income Fund or Royce Small-Cap?
Royce Small-Cap (RVT) is larger, with a market capitalization of $2.09B compared with $107.85M for Western Asset Investment Grade Income Fund (PAI).
Which has the lower P/E ratio, PAI or RVT?
PAI has the lower trailing P/E at 12.5, versus 23.3 for RVT. 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 Small-Cap?
Royce Small-Cap has the higher yield at 8.57%, compared with 5.56% for Western Asset Investment Grade Income Fund.
Are Western Asset Investment Grade Income Fund and Royce Small-Cap in the same industry?
Yes. Both are classified in the Trusts Except Educational Religious and Charitable industry within the Finance sector.