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 547 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 11. There are 545 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 | 96 | — | Dec 2009 | WEA vs NWQIX | |
| Davis Appreciation & Income Fund | 95 | — | Apr 1992 | WEA vs RPFCX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | WEA vs FSRRX |
Top Performing WEA Alternatives (YTD)
WEA is at -0.92% YTD. There are 552 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 31.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Highland Funds I - Highland Opportunities and Inco... | 31.15% | — | Jan 2000 | WEA vs HFRO | |
| Allspring Diversified Capital Builder Fund | 29.12% | — | Jan 1998 | WEA vs EKBAX | |
| ICON Equity Income Fund | 20.77% | — | May 2004 | WEA vs IOEZX | |
| Hood River New Opportunities Fund Institutional Cl... | 17.95% | — | — | WEA vs HRNOX | |
| Thornburg Investment Income Builder Fund Class I | 17.74% | — | Dec 2002 | WEA vs TIBIX |
Lowest Volatility Alternatives to WEA
WEA has 8.13% 1-year volatility. There are 213 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | WEA vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.81% | — | Nov 2003 | WEA vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | WEA vs SCLAX | |
| Ave Maria Bond Fund | 3.00% | — | Apr 2003 | WEA vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | WEA vs CSTAX |
Lowest Drawdown Alternatives to WEA
WEA has a 1-year max drawdown of -7.07%. There are 361 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 | |
| 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 | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | WEA vs CSTAX |
Other Mutual Funds from Western Asset
The 2 most viewed Western Asset mutual funds shown here include SBI, SMMOX and span 2 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Western Asset Intermediate Muni Fund Inc. | Intermediate Core Bond | 33 | 2.77% | — | — | WEA vs SBI | |
| Western Asset Managed Municipals Fund Class 1 | Municipal Bonds | 85 | 0.79% | — | Nov 2000 | WEA vs SMMOX |
Often Compared With WEA
Investors most often compare WEA with FBCKX, FSIRX, FSRKX. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.
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