AMLP vs. WDI
AMLP (Alerian MLP ETF) and WDI (Western Asset Diversified Income Fund) are both funds - AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index, while WDI is a Multisector Bonds fund managed by Franklin Templeton. Over the past 5 years, AMLP returned 20.29%/yr vs 2.57%/yr for WDI. Their 0.22 correlation means their historical movements had little consistent relationship. AMLP charges 0.90%/yr vs 1.73%/yr for WDI.
Performance
AMLP vs. WDI - Performance Comparison
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Returns By Period
In the year-to-date period, AMLP achieves a 21.95% return, which is significantly higher than WDI's 0.85% return.
AMLP
- 1D
- -0.33%
- 1M
- 5.92%
- 6M
- 15.63%
- YTD
- 21.95%
- 1Y
- 20.87%
- 3Y*
- 19.72%
- 5Y*
- 20.29%
- 10Y*
- 7.06%
- ALL TIME*
- 5.88%
WDI
- 1D
- -0.46%
- 1M
- -3.68%
- 6M
- -0.09%
- YTD
- 0.85%
- 1Y
- -0.88%
- 3Y*
- 10.92%
- 5Y*
- 2.57%
- 10Y*
- —
- ALL TIME*
- 2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMLP Alerian MLP ETF | $68.05M | $61.93M | $74.57M |
| $2.79M | $2.54M | $2.49M |
AMLP vs. WDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 21.95% | 5.78% | 22.76% | 21.40% | 25.47% | -7.22% |
WDI Western Asset Diversified Income Fund | 0.85% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
Correlation
The correlation between AMLP and WDI is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.22 |
The correlation between AMLP and WDI shifts across timeframes, from -0.09 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AMLP vs. WDI — Risk / Return Rank
AMLP
WDI
AMLP vs. WDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and Western Asset Diversified Income Fund (WDI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMLP | WDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.99 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | -0.10 | +2.58 |
| Martin ratioReturn relative to average drawdown | 6.92 | -0.25 | +7.17 |
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Drawdowns
AMLP vs. WDI - Drawdown Comparison
The maximum AMLP drawdown since its inception was -77.19%, which is greater than WDI's maximum drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for AMLP and WDI.
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Drawdown Indicators
| AMLP | WDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.19% | -32.45% | -44.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -8.47% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -14.27% | -14.14% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -32.45% | +11.53% |
Max Drawdown (10Y)Largest decline over 10 years | -72.62% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -4.31% | +3.98% |
Average DrawdownAverage peak-to-trough decline | -17.26% | -10.16% | -7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.54% | -0.52% |
Volatility
AMLP vs. WDI - Volatility Comparison
Alerian MLP ETF (AMLP) has a higher volatility of 3.99% compared to Western Asset Diversified Income Fund (WDI) at 2.96%. This indicates that AMLP's price experiences larger fluctuations and is considered to be riskier than WDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMLP | WDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 2.96% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.79% | 7.95% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 9.75% | +2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.37% | 12.99% | +6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.65% | 12.88% | +14.77% |
AMLP vs. WDI - Expense Ratio Comparison
AMLP has a 0.90% expense ratio, which is lower than WDI's 1.73% expense ratio.
Dividends
AMLP vs. WDI - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.29%, less than WDI's 13.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.29% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
WDI Western Asset Diversified Income Fund | 13.67% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AMLP and WDI have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMLP has higher volatility (3.99%) compared to WDI (2.96%). In terms of maximum drawdown, AMLP dropped -77.19% vs WDI's -32.45%.
AMLP currently has the higher Sharpe Ratio (1.68 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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