Western Asset Premier Bond Fund (WEA) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with WEA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WEA
Among 543 mutual funds in the Diversified Portfolio category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| John Hancock Diversified Income Fund | 0.02% | — | May 2011 | WEA vs HEQ | |
| Highland Funds I - Highland Opportunities and Inco... | 0.02% | — | Jan 2000 | WEA vs HFRO | |
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | WEA vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | WEA vs PALDX | |
| Dimensional Managed Account Fund | 0.03% | — | Mar 2012 | WEA vs DMA |
Best Risk-Adjusted Alternatives to WEA
WEA has a PortfoliosLab risk / return rank of 9. There are 542 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | WEA vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | WEA vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | WEA vs NWQIX | |
| Allspring Diversified Capital Builder Fund | 95 | — | Jan 1998 | WEA vs EKBAX | |
| Pioneer Balanced ESG Fund | 94 | — | Dec 1991 | WEA vs AYBLX |
Top Performing WEA Alternatives (YTD)
WEA is at -0.92% YTD. There are 549 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 36.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 36.76% | — | Jan 1998 | WEA vs EKBAX | |
| Hood River New Opportunities Fund Institutional Cl... | 31.99% | — | — | WEA vs HRNOX | |
| Highland Funds I - Highland Opportunities and Inco... | 27.35% | — | Jan 2000 | WEA vs HFRO | |
| Greenspring Fund | 20.69% | — | Jun 1983 | WEA vs GRSPX | |
| Fidelity Advisor Blue Chip Growth Fund Class Z | 19.08% | — | — | WEA vs FBCKX |
Lowest Volatility Alternatives to WEA
WEA has 8.09% 1-year volatility. There are 220 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.85% | — | Nov 2003 | WEA vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.82% | — | Apr 2012 | WEA vs SCLAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.85% | — | Nov 2003 | WEA vs SICIX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | WEA vs AVEFX | |
| American Funds College 2027 Fund | 3.13% | — | Sep 2012 | WEA vs CSTAX |
Lowest Drawdown Alternatives to WEA
WEA has a 1-year max drawdown of -7.07%. There are 363 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | WEA vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | WEA vs SCLAX | |
| Fidelity Strategic Real Return Fund Class K6 | -2.57% | — | Sep 2005 | WEA vs FSRKX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | WEA vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | WEA vs SICIX |
Often Compared With WEA
Investors most often compare WEA with BLNDX, FIQDX, FCSRX. These 5 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Standpoint Multi-Asset Fund Institutional | Diversified Portfolio | 81 | 12.91% | — | Dec 2019 | WEA vs BLNDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 88 | 6.68% | — | Oct 2018 | WEA vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 82 | 6.09% | — | Sep 2005 | WEA vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 86 | 6.58% | — | Sep 2005 | WEA vs FSIRX | |
| Canoe EIT Income Fund | Diversified Portfolio | 74 | 13.12% | — | Aug 1997 | WEA vs EIT-UN.TO |
Compare WEA with Any Fund or Stock
Compare WEA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WEA with funds that move differently
Western Asset Premier Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WEA.
Explore WEA Diversifiers