- Issuer
- Franklin Templeton
- Inception Date
- Sep 19, 2023
- Category
- Intermediate Core-Plus Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $16M
Highlights
- Avg. Volume (1M)
- 1K
- Avg. Volume Value (1M)
- $25.18K
Share Price Chart
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Performance
WABF Performance Chart
Western Asset Bond ETF (WABF) is down 0.8% since the beginning of the year. WABF is currently trading at $25 per share.
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Returns By Period
Western Asset Bond ETF (WABF) has returned -0.79% so far this year and 1.99% over the past 12 months.
Western Asset Bond ETF
- 1D
- -0.26%
- 1M
- -1.29%
- 6M
- -1.19%
- YTD
- -0.79%
- 1Y
- 1.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.25%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
WABF Monthly Returns History
Based on dividend-adjusted daily data since Sep 21, 2023, WABF's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2023 with a return of +5.7%, while the worst month was Apr 2024 at -3.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, WABF closed higher 53% of trading days. The best single day was Nov 14, 2023 with a return of +1.5%, while the worst single day was Apr 7, 2025 at -1.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.40% | 1.44% | -2.05% | 0.35% | 0.20% | 0.36% | -1.46% | -0.79% | |||||
| 2025 | 0.68% | 2.32% | -0.25% | 0.25% | -0.62% | 1.97% | -0.33% | 1.32% | 1.28% | 0.66% | 0.62% | -0.20% | 7.92% |
| 2024 | -0.23% | -1.52% | 1.09% | -3.01% | 2.04% | 0.99% | 2.53% | 1.64% | 1.40% | -3.00% | 1.40% | -1.81% | 1.30% |
| 2023 | -1.04% | -2.46% | 5.69% | 4.61% | 6.72% |
Benchmark Metrics
Western Asset Bond ETF has an annualized alpha of 3.86%, beta of 0.08, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since September 21, 2023.
- This ETF participated in 42.70% of S&P 500 Index downside but only 27.04% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.08 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.86%
- Beta
- 0.08
- R²
- 0.04
- Upside Capture
- 27.04%
- Downside Capture
- 42.70%
Expense Ratio
WABF has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
WABF ranks 31 for risk / return — above 31% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Western Asset Bond ETF (WABF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WABF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.00 | -1.04 |
| Martin ratioReturn relative to average drawdown | 2.42 | 8.49 | -6.07 |
Dividends
Dividend History
Western Asset Bond ETF provided a 4.77% dividend yield over the last twelve months, with an annual payout of $1.17 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.17 | $1.44 | $1.56 | $0.38 |
Dividend yield | 4.77% | 5.67% | 6.25% | 1.46% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.04 | $0.08 | $0.09 | $0.13 | $0.18 | $0.11 | $0.64 | |||||
| 2025 | $0.00 | $0.09 | $0.19 | $0.12 | $0.19 | $0.11 | $0.10 | $0.12 | $0.10 | $0.08 | $0.11 | $0.24 | $1.44 |
| 2024 | $0.00 | $0.09 | $0.10 | $0.10 | $0.13 | $0.14 | $0.10 | $0.12 | $0.11 | $0.11 | $0.12 | $0.44 | $1.56 |
| 2023 | $0.03 | $0.11 | $0.24 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Western Asset Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Western Asset Bond ETF was 5.36%, occurring on Jan 13, 2025. Recovery took 116 trading sessions.
The current Western Asset Bond ETF drawdown is 2.59%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-5.36%Jan 2025 | 3mo 28d | 5mo 19d | 9mo 17dSep 2024 - Jul 2025 | — |
-4.75%Oct 2023 | 24d | 26d | 1mo 20dSep 2023 - Nov 2023 | — |
-4.38%Apr 2024 | 2mo 14d | 2mo 26d | 5mo 10dFeb 2024 - Jul 2024 | — |
-3.03%Mar 2026 | 25d | — | 5mo 4dMar 2026 - now | — |
-2.13%Jan 2024 | 27d | 8d | 1mo 5dDec 2023 - Feb 2024 | — |
Drawdown Indicators
| WABF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.36% | -56.78% | +51.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -9.10% | +6.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.59% | -1.58% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -10.70% | +9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 2.14% | -0.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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