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 544 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 15. There are 530 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 | 97 | — | Dec 2002 | WEA vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | WEA vs NWQIX | |
| Pioneer Balanced ESG Fund | 94 | — | Dec 1991 | WEA vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 94 | — | Dec 1991 | WEA vs AOBLX |
Top Performing WEA Alternatives (YTD)
WEA is at 0.68% YTD. There are 545 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 33.29%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 33.29% | — | Jan 1998 | WEA vs EKBAX | |
| Highland Funds I - Highland Opportunities and Inco... | 31.83% | — | Jan 2000 | WEA vs HFRO | |
| Hood River New Opportunities Fund Institutional Cl... | 27.74% | — | — | WEA vs HRNOX | |
| Greenspring Fund | 20.03% | — | Jun 1983 | WEA vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 18.01% | — | Aug 1998 | WEA vs MHELX |
Lowest Volatility Alternatives to WEA
WEA has 8.08% 1-year volatility. There are 216 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... | 2.84% | — | Nov 2003 | WEA vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.87% | — | Apr 2012 | WEA vs SCLAX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | WEA vs AVEFX | |
| American Funds College 2027 Fund | 3.10% | — | Sep 2012 | WEA vs CSTAX |
Lowest Drawdown Alternatives to WEA
WEA has a 1-year max drawdown of -7.07%. There are 362 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 |
Often Compared With WEA
Investors most often compare WEA with FBCKX, FSRKX, FCSRX. These 8 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Blue Chip Growth Fund Class Z | Diversified Portfolio | 61 | 16.68% | — | — | WEA vs FBCKX | |
| Fidelity Strategic Real Return Fund Class K6 | Diversified Portfolio | 91 | 6.99% | — | Sep 2005 | WEA vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 86 | 6.32% | — | Sep 2005 | WEA vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 91 | 6.90% | — | Oct 2018 | WEA vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 90 | 6.81% | — | Sep 2005 | WEA vs FSIRX | |
| Standpoint Multi-Asset Fund Institutional | Diversified Portfolio | 80 | 12.78% | — | Dec 2019 | WEA vs BLNDX | |
| Vanguard Total International Stock Index Fund Inst... | Foreign Large Cap Equities | 56 | 13.05% | 652.30B | Nov 2010 | WEA vs VTPSX | |
| Canoe EIT Income Fund | Diversified Portfolio | 87 | 15.30% | — | 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