GOBSX vs. LMLCX
GOBSX (BrandywineGLOBAL - Global Opportunities Bond Fund) and LMLCX (Western Asset SMASh Series C Fund) are both mutual funds - GOBSX is a Global Bonds fund managed by Legg Mason, while LMLCX is a Corporate Bonds fund managed by Legg Mason. Over the past 10 years, GOBSX returned 1.00%/yr vs 4.17%/yr for LMLCX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. GOBSX charges 0.56%/yr vs 0.00%/yr for LMLCX.
Performance
GOBSX vs. LMLCX - Performance Comparison
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Returns By Period
In the year-to-date period, GOBSX achieves a 2.45% return, which is significantly higher than LMLCX's -0.54% return. Over the past 10 years, GOBSX has underperformed LMLCX with an annualized return of 1.00%, while LMLCX has yielded a comparatively higher 4.17% annualized return.
GOBSX
- 1D
- 0.68%
- 1M
- 0.91%
- 6M
- 0.31%
- YTD
- 2.45%
- 1Y
- 4.03%
- 3Y*
- 2.55%
- 5Y*
- -1.49%
- 10Y*
- 1.00%
- ALL TIME*
- 3.50%
LMLCX
- 1D
- 0.11%
- 1M
- -2.29%
- 6M
- -0.85%
- YTD
- -0.54%
- 1Y
- 3.77%
- 3Y*
- 4.92%
- 5Y*
- 3.91%
- 10Y*
- 4.17%
- ALL TIME*
- 4.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GOBSX vs. LMLCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 2.45% | 13.59% | -9.38% | 7.42% | -15.66% | -5.27% | 12.66% | 9.21% | -5.59% | 11.51% |
LMLCX Western Asset SMASh Series C Fund | -0.54% | 12.22% | -2.21% | 12.93% | -3.51% | 3.08% | 2.93% | 15.10% | -4.24% | 7.20% |
Correlation
The correlation between GOBSX and LMLCX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 23, 2012 | 0.52 |
The correlation between GOBSX and LMLCX shifts across timeframes, from 0.52 (all time) to 0.73 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GOBSX vs. LMLCX — Risk / Return Rank
GOBSX
LMLCX
GOBSX vs. LMLCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) and Western Asset SMASh Series C Fund (LMLCX). 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.
| GOBSX | LMLCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.15 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.26 | -0.21 |
| Martin ratioReturn relative to average drawdown | 2.79 | 4.02 | -1.23 |
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Drawdowns
GOBSX vs. LMLCX - Drawdown Comparison
The maximum GOBSX drawdown since its inception was -29.04%, which is greater than LMLCX's maximum drawdown of -23.45%. Use the drawdown chart below to compare losses from any high point for GOBSX and LMLCX.
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Drawdown Indicators
| GOBSX | LMLCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.04% | -23.45% | -5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -4.22% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -11.88% | -11.77% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -11.77% | -15.70% |
Max Drawdown (10Y)Largest decline over 10 years | -29.04% | -23.45% | -5.59% |
Current DrawdownCurrent decline from peak | -9.86% | -2.94% | -6.92% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -1.93% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.32% | +0.59% |
Volatility
GOBSX vs. LMLCX - Volatility Comparison
BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) and Western Asset SMASh Series C Fund (LMLCX) have volatilities of 1.44% and 1.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOBSX | LMLCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.49% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.57% | 4.78% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 6.40% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.30% | 7.85% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.45% | 7.22% | +1.23% |
GOBSX vs. LMLCX - Expense Ratio Comparison
GOBSX has a 0.56% expense ratio, which is higher than LMLCX's 0.00% expense ratio.
Dividends
GOBSX vs. LMLCX - Dividend Comparison
GOBSX's dividend yield for the trailing twelve months is around 5.18%, less than LMLCX's 6.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 5.18% | 4.28% | 3.80% | 0.09% | 6.70% | 2.30% | 0.31% | 1.56% | 3.15% | 3.68% | 1.87% | 2.61% |
LMLCX Western Asset SMASh Series C Fund | 6.39% | 6.11% | 6.58% | 5.78% | 4.46% | 5.42% | 3.54% | 4.16% | 5.59% | 4.04% | 3.75% | 5.64% |
Frequently Asked Questions
GOBSX and LMLCX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMLCX has higher volatility (1.49%) compared to GOBSX (1.44%). In terms of maximum drawdown, GOBSX dropped -29.04% vs LMLCX's -23.45%.
LMLCX currently has the higher Sharpe Ratio (0.83 vs 0.78), 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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