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Western Asset Intermediate Bond Fund (WATIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund invests in a portfolio of fixed income securities of various maturities and, under normal market conditions, will invest at least 80% of its net assets in debt and fixed income securities. Although it may invest in debt and fixed income securities of any maturity, under normal market conditions the target dollar-weighted average effective duration for the fund, as estimated by the fund's subadviser, is expected to range within 20% of the duration of its benchmark.

Looking to diversify beyond WATIX? The mutual funds below have the lowest correlation with WATIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WATIX.

Best Diversifiers for WATIX

0 mutual funds have low correlation with WATIX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.33, roughly unchanged from 0.39 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FRIAX
Franklin Income Fund Advisor Class0.330.480.39
92
Diversified PortfolioWATIX vs FRIAX
FKINX
Franklin Income Fund Class A10.420.450.40
87
Diversified PortfolioWATIX vs FKINX
LSSAX
Loomis Sayles Securitized Asset Fund0.720.840.86
50
Intermediate Core BondWATIX vs LSSAX
PCGTX
PACE Mortgage-Backed Securities Fixed Income Inves...0.780.840.85
50
Intermediate Core BondWATIX vs PCGTX

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Diversification Analysis

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