LIFAX vs. WIW

Last updated Jun 4, 2026

LIFAX (Lord Abbett Inflation Focused Fund Class A) and WIW (Western Asset Inflation-Linked Opportunities & Income Fund) are both Inflation-Protected Bonds funds. Over the past 10 years, LIFAX returned 3.80%/yr vs 4.02%/yr for WIW. At a 0.24 correlation, their price movements are largely independent.

Performance

LIFAX vs. WIW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Inflation Focused Fund Class A (LIFAX) and Western Asset Inflation-Linked Opportunities & Income Fund (WIW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIFAX achieves a 1.95% return, which is significantly lower than WIW's 2.28% return. Over the past 10 years, LIFAX has underperformed WIW with an annualized return of 3.80%, while WIW has yielded a comparatively higher 4.02% annualized return.

LIFAX

• 1D: 0.00%
• 1M: 0.11%
• YTD: 1.95%
• 6M: 1.98%
• 1Y: 5.45%
• 3Y*: 5.17%
• 5Y*: 2.99%
• 10Y*: 3.80%

WIW

• 1D: -0.82%
• 1M: 0.15%
• YTD: 2.28%
• 6M: 0.68%
• 1Y: 8.01%
• 3Y*: 7.45%
• 5Y*: 0.77%
• 10Y*: 4.02%

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

LIFAX vs. WIW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIFAX Lord Abbett Inflation Focused Fund Class A	1.95%	7.03%	4.53%	3.76%	-5.57%	10.29%	5.94%	4.87%	-1.27%	1.34%
WIW Western Asset Inflation-Linked Opportunities & Income Fund	2.28%	13.17%	3.83%	5.10%	-25.30%	17.66%	11.46%	18.27%	-7.57%	6.46%

Correlation

The correlation between LIFAX and WIW is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Apr 25, 2011	0.24

The correlation between LIFAX and WIW shifts across timeframes, from 0.24 (all time) to 0.43 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

LIFAX vs. WIW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LIFAX

LIFAX Risk / Return Rank: 82
LIFAX Sharpe Ratio Rank: 64
LIFAX Sortino Ratio Rank: 88
LIFAX Omega Ratio Rank: 78
LIFAX Calmar Ratio Rank: 89
LIFAX Martin Ratio Rank: 91

WIW

WIW Risk / Return Rank: 22
WIW Sharpe Ratio Rank: 17
WIW Sortino Ratio Rank: 16
WIW Omega Ratio Rank: 17
WIW Calmar Ratio Rank: 35
WIW Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LIFAX vs. WIW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Inflation Focused Fund Class A (LIFAX) and Western Asset Inflation-Linked Opportunities & Income Fund (WIW). 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.

	LIFAX	WIW	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.16	+1.21
Sortino ratio: Return per unit of downside risk	4.27	1.69	+2.58
Omega ratio: Gain probability vs. loss probability	1.51	1.22	+0.30
Calmar ratio: Return relative to maximum drawdown	4.55	2.23	+2.32
Martin ratio: Return relative to average drawdown	19.03	5.92	+13.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIFAX vs. WIW - Sharpe Ratio Comparison

The current LIFAX Sharpe Ratio is 2.37, which is higher than the WIW Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of LIFAX and WIW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LIFAX	WIW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	1.16	+1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.08	+0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.40	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.32	+0.14

Drawdowns

LIFAX vs. WIW - Drawdown Comparison

The maximum LIFAX drawdown since its inception was -18.15%, smaller than the maximum WIW drawdown of -29.49%. Use the drawdown chart below to compare losses from any high point for LIFAX and WIW.

Drawdown Indicators

	LIFAX	WIW	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-29.49%	+11.34%
Max Drawdown (1Y) Largest decline over 1 year	-1.18%	-3.61%	+2.43%
Max Drawdown (3Y) Largest decline over 3 years	-2.03%	-8.65%	+6.62%
Max Drawdown (5Y) Largest decline over 5 years	-8.56%	-29.49%	+20.93%
Max Drawdown (10Y) Largest decline over 10 years	-18.05%	-29.49%	+11.44%
Current Drawdown Current decline from peak	0.00%	-5.64%	+5.64%
Average Drawdown Average peak-to-trough decline	-3.51%	-7.97%	+4.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	1.36%	-1.08%

Volatility

LIFAX vs. WIW - Volatility Comparison

The current volatility for Lord Abbett Inflation Focused Fund Class A (LIFAX) is 0.66%, while Western Asset Inflation-Linked Opportunities & Income Fund (WIW) has a volatility of 1.76%. This indicates that LIFAX experiences smaller price fluctuations and is considered to be less risky than WIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIFAX	WIW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	1.76%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	1.62%	4.32%	-2.70%
Volatility (1Y) Calculated over the trailing 1-year period	2.27%	6.93%	-4.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.00%	10.18%	-6.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.54%	9.98%	-5.44%

Dividends

LIFAX vs. WIW - Dividend Comparison

LIFAX's dividend yield for the trailing twelve months is around 4.71%, less than WIW's 8.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIFAX Lord Abbett Inflation Focused Fund Class A	4.71%	4.74%	4.00%	3.69%	2.60%	2.35%	3.59%	3.95%	3.95%	3.76%	4.32%	4.21%
WIW Western Asset Inflation-Linked Opportunities & Income Fund	8.85%	8.68%	8.78%	10.38%	11.81%	6.93%	3.20%	3.74%	4.26%	3.70%	3.61%	3.91%

Frequently Asked Questions

Can I hold both LIFAX and WIW in my portfolio?

LIFAX and WIW have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIFAX or WIW?

WIW has higher volatility (1.76%) compared to LIFAX (0.66%). In terms of maximum drawdown, LIFAX dropped -18.15% vs WIW's -29.49%.

Which has better risk-adjusted returns?

LIFAX currently has the higher Sharpe Ratio (2.37 vs 1.16), 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.