Western Asset Ultra-Short Income Fund (ARMGX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ARMGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ARMGX
ARMGX charges 1.32% annually. There are 66 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | ARMGX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | ARMGX vs DFIHX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | ARMGX vs CUTAX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | ARMGX vs BUBIX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | ARMGX vs DFYGX |
Best Risk-Adjusted Alternatives to ARMGX
ARMGX has a PortfoliosLab risk / return rank of 98. There are 44 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | ARMGX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | ARMGX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | ARMGX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | ARMGX vs DFIHX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | ARMGX vs PAIPX |
Top Performing ARMGX Alternatives (YTD)
ARMGX is at 1.34% YTD. There are 52 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.62% | — | Dec 2010 | ARMGX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | ARMGX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | ARMGX vs PAIPX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | — | Dec 2012 | ARMGX vs TRBUX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.01% | — | Dec 2006 | ARMGX vs ENIAX |
Lowest Volatility Alternatives to ARMGX
ARMGX has 1.20% 1-year volatility. There are 25 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | ARMGX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | ARMGX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 0.64% | — | Jul 1983 | ARMGX vs DFIHX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.65% | — | Sep 1987 | ARMGX vs PRTBX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | ARMGX vs BUBSX |
Lowest Drawdown Alternatives to ARMGX
ARMGX has a 1-year max drawdown of -0.33%. There are 29 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | -0.10% | — | Mar 2017 | ARMGX vs TMPFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | ARMGX vs MUIIX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | ARMGX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | ARMGX vs NUSIX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | ARMGX vs FHQFX |
Other Mutual Funds from Legg Mason
The 10 most viewed Legg Mason mutual funds shown here include LCSMX, LCSSX, LMISX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Martin Currie SMA-Shares Series EM Fund | Emerging Markets Diversified | 93 | 52.25% | — | Jan 2018 | ARMGX vs LCSMX | |
| ClearBridge Select Fund | Mid Cap Growth Equities | 13 | 5.67% | — | Nov 2012 | ARMGX vs LCSSX | |
| Franklin U.S. Large Cap Equity Fund | Large Cap Blend Equities | 79 | 11.82% | — | Apr 2008 | ARMGX vs LMISX | |
| ClearBridge Sustainability Leaders Fund | Large Cap Blend Equities | 42 | 11.12% | — | Mar 2015 | ARMGX vs LCILX | |
| BrandywineGLOBAL - Global Opportunities Bond Fund | Global Bonds | 10 | 2.10% | — | Oct 2006 | ARMGX vs GOBSX | |
| Western Asset SMASh Series M Fund | Intermediate Core-Plus Bond | 43 | 1.08% | — | Dec 2006 | ARMGX vs LMSMX | |
| ClearBridge Value Trust | Large Cap Value Equities | 49 | 12.20% | — | Apr 1982 | ARMGX vs LMVTX | |
| ClearBridge Global Infrastructure Income Fund | Energy Equities | 64 | 12.58% | — | Mar 2016 | ARMGX vs RGSVX | |
| Franklin International Equity Fund | Foreign Large Cap Equities | 31 | 9.28% | — | Feb 1995 | ARMGX vs LMGEX | |
| ClearBridge International Growth Fund | Foreign Large Cap Equities | 10 | 3.49% | — | Apr 1995 | ARMGX vs LMGTX |
Often Compared With ARMGX
Investors most often compare ARMGX with VFLO, DFNG.L, STAG. These 18 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare ARMGX with Any Fund or Stock
Compare ARMGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ARMGX with funds that move differently
Western Asset Ultra-Short Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ARMGX.
Explore ARMGX Diversifiers