Western Asset Total Return Unconstrained Fund (WAARX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with WAARX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WAARX
WAARX charges 0.74% annually. There are 18 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | WAARX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | WAARX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | WAARX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | WAARX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | WAARX vs PUTIX |
Best Risk-Adjusted Alternatives to WAARX
WAARX has a PortfoliosLab risk / return rank of 32. There are 59 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | WAARX vs CBYYX | |
| PGIM Securitized Credit Fund | 99 | — | Jun 2019 | WAARX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | WAARX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | WAARX vs APFPX | |
| DoubleLine Flexible Income Fund | 98 | — | Apr 2014 | WAARX vs DFLEX |
Top Performing WAARX Alternatives (YTD)
WAARX is at 0.66% YTD. There are 57 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 6.67%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 6.67% | — | Aug 2010 | WAARX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 4.69% | — | Apr 2015 | WAARX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 4.26% | — | Jun 2007 | WAARX vs EIGMX | |
| Artisan Global Unconstrained Fund | 4.00% | — | Mar 2022 | WAARX vs APFPX | |
| Anchor Risk Managed Credit Strategies Fund | 3.86% | — | Sep 2015 | WAARX vs ATCSX |
Lowest Volatility Alternatives to WAARX
WAARX has 2.48% 1-year volatility. There are 26 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.01% | — | Dec 2004 | WAARX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.23% | — | Jan 2023 | WAARX vs CBYYX | |
| DoubleLine Flexible Income Fund | 1.31% | — | Apr 2014 | WAARX vs DFLEX | |
| GMO Opportunistic Income Fund | 1.35% | — | Oct 2011 | WAARX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | WAARX vs BGCIX |
Lowest Drawdown Alternatives to WAARX
WAARX has a 1-year max drawdown of -2.26%. There are 42 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | WAARX vs CBYYX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | WAARX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | WAARX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | WAARX vs GMODX | |
| PGIM Absolute Return Bond Fund | -0.76% | — | Mar 2011 | WAARX vs PADZX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities | 23 | 13.49% | — | Jan 1968 | WAARX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Precious Metals | 43 | 6.83% | — | May 1969 | WAARX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 87 | 5.16% | — | — | WAARX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 29 | 7.09% | — | Apr 1948 | WAARX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 20 | 15.80% | — | Jun 2011 | WAARX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 34 | 5.86% | — | Jan 1987 | WAARX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 10 | 5.90% | — | Aug 1997 | WAARX vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 9 | 3.89% | — | Oct 1983 | WAARX vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 92 | 5.29% | — | Aug 1997 | WAARX vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 37 | 6.04% | — | Mar 1970 | WAARX vs SHAPX |
Often Compared With WAARX
Investors most often compare WAARX with TTRZX, WAVLX, AFLIX. These 3 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Templeton Global Total Return Fund | Nontraditional Bonds | 22 | 2.21% | — | Sep 2008 | WAARX vs TTRZX | |
| Wavelength Interest Rate Neutral Fund | Nontraditional Bonds | 80 | 3.33% | — | Sep 2013 | WAARX vs WAVLX | |
| Anfield Universal Fixed Income Fund | Nontraditional Bonds | 94 | 1.42% | — | Jun 2013 | WAARX vs AFLIX |
Compare WAARX with Any Fund or Stock
Compare WAARX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WAARX with funds that move differently
Western Asset Total Return Unconstrained Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WAARX.
Explore WAARX Diversifiers