ETSIX vs. WDI
ETSIX (Eaton Vance Strategic Income Fund Class I) and WDI (Western Asset Diversified Income Fund) are both Multisector Bonds funds. Over the past 5 years, ETSIX returned 5.00%/yr vs 2.79%/yr for WDI. Their 0.27 correlation means their historical movements had little consistent relationship. ETSIX charges 1.46%/yr vs 1.73%/yr for WDI.
Performance
ETSIX vs. WDI - Performance Comparison
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Returns By Period
In the year-to-date period, ETSIX achieves a 2.46% return, which is significantly higher than WDI's 1.31% return.
ETSIX
- 1D
- 0.27%
- 1M
- -0.46%
- 6M
- 1.08%
- YTD
- 2.46%
- 1Y
- 7.33%
- 3Y*
- 7.90%
- 5Y*
- 5.00%
- 10Y*
- 4.64%
- ALL TIME*
- 4.86%
WDI
- 1D
- 0.23%
- 1M
- -3.24%
- 6M
- 0.65%
- YTD
- 1.31%
- 1Y
- -0.43%
- 3Y*
- 11.36%
- 5Y*
- 2.79%
- 10Y*
- —
- ALL TIME*
- 2.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.64M | $2.38M | $2.43M |
ETSIX vs. WDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETSIX Eaton Vance Strategic Income Fund Class I | 2.46% | 10.88% | 6.38% | 8.24% | -2.55% | -0.01% |
WDI Western Asset Diversified Income Fund | 1.31% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
Correlation
The correlation between ETSIX and WDI is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.27 |
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Return for Risk
ETSIX vs. WDI — Risk / Return Rank
ETSIX
WDI
ETSIX vs. WDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Strategic Income Fund Class I (ETSIX) 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.
| ETSIX | WDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.79 | ||
| Sortino ratioReturn per unit of downside risk | +3.95 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.00 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | -0.03 | +3.40 |
| Martin ratioReturn relative to average drawdown | 11.13 | -0.08 | +11.22 |
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Drawdowns
ETSIX vs. WDI - Drawdown Comparison
The maximum ETSIX drawdown since its inception was -12.63%, smaller than the maximum WDI drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for ETSIX and WDI.
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Drawdown Indicators
| ETSIX | WDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.63% | -32.45% | +19.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -8.47% | +6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -2.47% | -14.14% | +11.67% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -32.45% | +26.11% |
Max Drawdown (10Y)Largest decline over 10 years | -12.28% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -3.87% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -10.16% | +8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 3.53% | -2.80% |
Volatility
ETSIX vs. WDI - Volatility Comparison
The current volatility for Eaton Vance Strategic Income Fund Class I (ETSIX) is 0.94%, while Western Asset Diversified Income Fund (WDI) has a volatility of 2.97%. This indicates that ETSIX experiences smaller price fluctuations and is considered to be less risky 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
| ETSIX | WDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 2.97% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 7.97% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 9.72% | -6.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.26% | 13.00% | -9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.16% | 12.88% | -9.72% |
ETSIX vs. WDI - Expense Ratio Comparison
ETSIX has a 1.46% expense ratio, which is lower than WDI's 1.73% expense ratio.
Dividends
ETSIX vs. WDI - Dividend Comparison
ETSIX's dividend yield for the trailing twelve months is around 7.17%, less than WDI's 13.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETSIX Eaton Vance Strategic Income Fund Class I | 7.17% | 5.65% | 6.97% | 6.93% | 5.56% | 4.31% | 4.19% | 4.29% | 3.98% | 3.70% | 3.94% | 4.32% |
WDI Western Asset Diversified Income Fund | 13.60% | 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
ETSIX and WDI have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDI has higher volatility (2.97%) compared to ETSIX (0.94%). In terms of maximum drawdown, ETSIX dropped -12.63% vs WDI's -32.45%.
ETSIX currently has the higher Sharpe Ratio (2.76 vs -0.03), 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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