HGLB vs PDO

Summary

• Both HGLB and PDO operate in Trusts Except Educational Religious and Charitable (Finance), so they compete in similar markets.
• PDO is the larger of the two at $1.77B, about 8.3x HGLB ($213.2M).
• Over the past year, HGLB is down 18.2% and PDO is down 14.0% - PDO leads by 4.2 points.
• PDO has hit the wire 4 times in the past 4 weeks while HGLB has been quiet.