Western Asset Diversified Income Fund (WDI)

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The chart shows the growth of an initial investment of $10,000 in Western Asset Diversified Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Western Asset Diversified Income Fund (WDI) has returned -0.54% so far this year and 5.32% over the past 12 months.

Based on dividend-adjusted daily data since Jun 25, 2021, WDI's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, your investment would double in approximately 19.3 years.

Historically, 47% of months were positive and 53% were negative. The best month was Jan 2023 with a return of +12.4%, while the worst month was Sep 2022 at -10.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.

On a daily basis, WDI closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +4.0%, while the worst single day was Apr 4, 2025 at -6.0%.

Western Asset Diversified Income Fund has an annualized alpha of -0.73%, beta of 0.41, and R² of 0.29 versus S&P 500 Index. Calculated based on daily prices since June 28, 2021.

• This fund participated in 77.49% of S&P 500 Index downside but only 53.62% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.41 may look defensive, but with R² of 0.29 this fund 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 fund's risk.
• R² of 0.29 means this fund 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.

WDI has a high expense ratio of 1.73%, indicating above-average management fees.

WDI ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Western Asset Diversified Income Fund (WDI) and compare them to a chosen benchmark (S&P 500 Index).

Western Asset Diversified Income Fund provided a 13.26% dividend yield over the last twelve months, with an annual payout of $1.78 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Western Asset Diversified Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Western Asset Diversified Income Fund. 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 Diversified Income Fund was 32.45%, occurring on Oct 20, 2022. Recovery took 430 trading sessions.

The current Western Asset Diversified Income Fund drawdown is 5.17%.

The chart below shows the rolling one-month volatility.