LMSMX vs. WTIBX
LMSMX (Western Asset SMASh Series M Fund) and WTIBX (Segall Bryant & Hamill Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, LMSMX returned -2.43%/yr vs 0.24%/yr for WTIBX. Their correlation of 0.85 means they have usually moved in the same direction. LMSMX charges 0.00%/yr vs 0.55%/yr for WTIBX.
Performance
LMSMX vs. WTIBX - Performance Comparison
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Returns By Period
In the year-to-date period, LMSMX achieves a 0.82% return, which is significantly higher than WTIBX's -0.17% return.
LMSMX
- 1D
- 0.00%
- 1M
- -0.51%
- 6M
- 0.18%
- YTD
- 0.82%
- 1Y
- 4.29%
- 3Y*
- 5.35%
- 5Y*
- -2.43%
- 10Y*
- —
- ALL TIME*
- 1.36%
WTIBX
- 1D
- 0.11%
- 1M
- -0.93%
- 6M
- -0.52%
- YTD
- -0.17%
- 1Y
- 2.64%
- 3Y*
- 4.36%
- 5Y*
- 0.24%
- 10Y*
- 2.02%
- ALL TIME*
- 3.95%
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 |
LMSMX vs. WTIBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMSMX Western Asset SMASh Series M Fund | 0.82% | 12.15% | -1.72% | 5.13% | -23.44% | -2.32% | 12.86% | 7.71% | 1.46% | 5.52% |
WTIBX Segall Bryant & Hamill Plus Bond Fund | -0.17% | 7.38% | 1.99% | 7.47% | -13.13% | -0.58% | 8.49% | 8.80% | -0.17% | 4.15% |
Correlation
The correlation between LMSMX and WTIBX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.85 |
The correlation between LMSMX and WTIBX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
LMSMX vs. WTIBX — Risk / Return Rank
LMSMX
WTIBX
LMSMX vs. WTIBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset SMASh Series M Fund (LMSMX) and Segall Bryant & Hamill Plus Bond Fund (WTIBX). 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.
| LMSMX | WTIBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.16 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.15 | +1.20 |
| Martin ratioReturn relative to average drawdown | 5.83 | 2.94 | +2.88 |
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Drawdowns
LMSMX vs. WTIBX - Drawdown Comparison
The maximum LMSMX drawdown since its inception was -30.76%, which is greater than WTIBX's maximum drawdown of -17.72%. Use the drawdown chart below to compare losses from any high point for LMSMX and WTIBX.
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Drawdown Indicators
| LMSMX | WTIBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.76% | -17.72% | -13.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -2.97% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -10.50% | -4.81% | -5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -30.12% | -17.72% | -12.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.72% | — |
Current DrawdownCurrent decline from peak | -12.80% | -2.17% | -10.63% |
Average DrawdownAverage peak-to-trough decline | -10.16% | -1.95% | -8.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.16% | -0.10% |
Volatility
LMSMX vs. WTIBX - Volatility Comparison
Western Asset SMASh Series M Fund (LMSMX) has a higher volatility of 1.14% compared to Segall Bryant & Hamill Plus Bond Fund (WTIBX) at 1.06%. This indicates that LMSMX's price experiences larger fluctuations and is considered to be riskier than WTIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMSMX | WTIBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.06% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 3.00% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 3.81% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.37% | 5.66% | +4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.11% | 4.68% | +3.43% |
LMSMX vs. WTIBX - Expense Ratio Comparison
LMSMX has a 0.00% expense ratio, which is lower than WTIBX's 0.55% expense ratio.
Dividends
LMSMX vs. WTIBX - Dividend Comparison
LMSMX's dividend yield for the trailing twelve months is around 4.52%, more than WTIBX's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMSMX Western Asset SMASh Series M Fund | 4.52% | 4.20% | 5.24% | 4.68% | 3.40% | 3.78% | 6.84% | 7.19% | 3.18% | 3.24% | 0.00% | 0.00% |
WTIBX Segall Bryant & Hamill Plus Bond Fund | 4.19% | 4.11% | 4.04% | 3.66% | 3.23% | 3.08% | 3.95% | 3.95% | 3.55% | 3.50% | 3.43% | 3.55% |
Frequently Asked Questions
LMSMX and WTIBX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMSMX has higher volatility (1.14%) compared to WTIBX (1.06%). In terms of maximum drawdown, LMSMX dropped -30.76% vs WTIBX's -17.72%.
LMSMX currently has the higher Sharpe Ratio (1.33 vs 0.90), 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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