LFLIX vs. WDI

Last updated Aug 1, 2026

LFLIX (BrandywineGLOBAL - Flexible Bond Fund) and WDI (Western Asset Diversified Income Fund) are both Multisector Bonds funds from Franklin Templeton. Over the past 5 years, LFLIX returned 2.21%/yr vs 2.79%/yr for WDI. Their 0.37 correlation means their historical movements had little consistent relationship. LFLIX charges 0.75%/yr vs 1.73%/yr for WDI.

Performance

LFLIX vs. WDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL - Flexible Bond Fund (LFLIX) and Western Asset Diversified Income Fund (WDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LFLIX achieves a 3.07% return, which is significantly higher than WDI's 1.31% return.

LFLIX

• 1D: 0.32%
• 1M: -0.11%
• 6M: 1.67%
• YTD: 3.07%
• 1Y: 6.97%
• 3Y*: 6.16%
• 5Y*: 2.21%
• 10Y*: —
• ALL TIME*: 4.21%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LFLIX BrandywineGLOBAL - Flexible Bond Fund	$0.00	$0.00	$0.00
WDI Western Asset Diversified Income Fund	$2.64M	$2.38M	$2.43M

LFLIX vs. WDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LFLIX BrandywineGLOBAL - Flexible Bond Fund	3.07%	8.82%	2.95%	9.57%	-10.87%	-0.40%
WDI Western Asset Diversified Income Fund	1.31%	10.64%	13.88%	25.11%	-23.30%	-5.61%

Correlation

The correlation between LFLIX and WDI is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (5Y) Shows whether the relationship held over a longer period.	0.38
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021	0.37

Return for Risk

LFLIX vs. WDI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LFLIX

LFLIX Risk / Return Rank: 78
LFLIX Sharpe Ratio Rank: 76
LFLIX Sortino Ratio Rank: 78
LFLIX Omega Ratio Rank: 78
LFLIX Calmar Ratio Rank: 80
LFLIX Martin Ratio Rank: 76

WDI

WDI Risk / Return Rank: 4
WDI Sharpe Ratio Rank: 5
WDI Sortino Ratio Rank: 4
WDI Omega Ratio Rank: 4
WDI Calmar Ratio Rank: 4
WDI Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LFLIX vs. WDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - Flexible Bond Fund (LFLIX) 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.

	LFLIX	WDI	Difference
Sharpe ratio: Return per unit of total volatility	1.82	-0.03	+1.85
Sortino ratio: Return per unit of downside risk	2.74	0.03	+2.71
Omega ratio: Gain probability vs. loss probability	1.36	1.00	+0.35
Calmar ratio: Return relative to maximum drawdown	2.70	-0.03	+2.73
Martin ratio: Return relative to average drawdown	9.44	-0.08	+9.52

LFLIX vs. WDI - Sharpe Ratio Comparison

The current LFLIX Sharpe Ratio is 1.82, which is higher than the WDI Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of LFLIX and WDI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LFLIX vs. WDI - Drawdown Comparison

The maximum LFLIX drawdown since its inception was -16.73%, smaller than the maximum WDI drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for LFLIX and WDI.

Drawdown Indicators

	LFLIX	WDI	Difference
Max Drawdown Largest peak-to-trough decline	-16.73%	-32.45%	+15.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.72%	-8.47%	+5.75%
Max Drawdown (3Y) Largest decline over 3 years	-6.20%	-14.14%	+7.94%
Max Drawdown (5Y) Largest decline over 5 years	-16.73%	-32.45%	+15.72%
Current Drawdown Current decline from peak	-0.48%	-3.87%	+3.39%
Average Drawdown Average peak-to-trough decline	-2.82%	-10.16%	+7.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	3.53%	-2.75%

Volatility

LFLIX vs. WDI - Volatility Comparison

The current volatility for BrandywineGLOBAL - Flexible Bond Fund (LFLIX) is 0.91%, while Western Asset Diversified Income Fund (WDI) has a volatility of 2.97%. This indicates that LFLIX 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.

Volatility by Period

	LFLIX	WDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	2.97%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	3.47%	7.97%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	4.04%	9.72%	-5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.75%	13.00%	-7.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.07%	12.88%	-7.81%

LFLIX vs. WDI - Expense Ratio Comparison

LFLIX has a 0.75% expense ratio, which is lower than WDI's 1.73% expense ratio.

Dividends

LFLIX vs. WDI - Dividend Comparison

LFLIX's dividend yield for the trailing twelve months is around 6.64%, less than WDI's 13.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LFLIX BrandywineGLOBAL - Flexible Bond Fund	6.64%	6.67%	8.94%	5.36%	3.28%	2.90%	3.62%	6.04%	3.67%	3.06%
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%

Frequently Asked Questions

Can I hold both LFLIX and WDI in my portfolio?

LFLIX and WDI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFLIX or WDI?

WDI has higher volatility (2.97%) compared to LFLIX (0.91%). In terms of maximum drawdown, LFLIX dropped -16.73% vs WDI's -32.45%.

Which has better risk-adjusted returns?

LFLIX currently has the higher Sharpe Ratio (1.82 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.