Western Asset Diversified Income Fund (WDI) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with WDI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WDI
WDI charges 1.73% annually. There are 81 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | WDI vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | WDI vs VMSAX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | WDI vs BWDTX | |
| JPMorgan Income Fund | 0.40% | — | Jun 2014 | WDI vs JMSIX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | WDI vs MOFIX |
Best Risk-Adjusted Alternatives to WDI
WDI has a PortfoliosLab risk / return rank of 6. There are 85 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | WDI vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | WDI vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | WDI vs BWDTX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | WDI vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 98 | — | Jan 2018 | WDI vs CBLDX |
Top Performing WDI Alternatives (YTD)
WDI is at 4.39% YTD. There is 1 mutual fund in the Multisector Bonds category with a higher YTD return, going as high as 4.77%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Income Credit Strategies Fund | 4.77% | — | Jan 2011 | WDI vs ACP | |
| Saba Capital Income & Opportunities Fund | 4.15% | — | Dec 1987 | WDI vs BRW | |
| BrandywineGLOBAL - Flexible Bond Fund | 3.51% | — | May 2016 | WDI vs LFLIX | |
| Eaton Vance Strategic Income Fund Class I | 2.78% | — | Apr 2009 | WDI vs ESIIX | |
| Intrepid Income Fund | 2.73% | — | Jul 2007 | WDI vs ICMUX |
Lowest Volatility Alternatives to WDI
WDI has 9.55% 1-year volatility. There are 84 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.18% | — | Nov 2015 | WDI vs NWXHX | |
| Nationwide Strategic Income A | 1.23% | — | Nov 2015 | WDI vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | WDI vs BWDTX | |
| Rational Special Situations Income Fund | 1.40% | — | Jul 2019 | WDI vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 1.42% | — | Jan 2018 | WDI vs CBLDX |
Lowest Drawdown Alternatives to WDI
WDI has a 1-year max drawdown of -8.47%. There are 83 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | WDI vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | WDI vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | WDI vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | WDI vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | WDI vs BWDTX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 14 | 8.94% | — | Jan 1968 | WDI vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 29 | -11.31% | — | May 1969 | WDI vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 85 | 4.80% | — | — | WDI vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 25 | 7.17% | — | Apr 1948 | WDI vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 42 | 23.18% | — | Jun 2011 | WDI vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 32 | 6.55% | — | Jan 1987 | WDI vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 8 | 4.96% | — | Aug 1997 | WDI vs SBLGX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 90 | 5.36% | — | Aug 1997 | WDI vs FRIAX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 3.20% | — | Oct 1983 | WDI vs SHRAX | |
| Templeton Institutional Fund International Equity ... | Foreign Large Cap Equities | 53 | 16.06% | — | Oct 1990 | WDI vs TFEQX |
Often Compared With WDI
Investors most often compare WDI with MSD, PFN, BLW. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare WDI with Any Fund or Stock
Compare WDI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WDI with funds that move differently
Western Asset Diversified Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WDI.
Explore WDI Diversifiers