MMT vs. WDI
MMT (MFS Multimarket Income Trust) and WDI (Western Asset Diversified Income Fund) are both Multisector Bonds funds. Over the past 5 years, MMT returned 1.26%/yr vs 2.79%/yr for WDI. Their 0.39 correlation means their historical movements had little consistent relationship. MMT charges 0.03%/yr vs 1.73%/yr for WDI.
Performance
MMT vs. WDI - Performance Comparison
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Returns By Period
In the year-to-date period, MMT achieves a -2.30% return, which is significantly lower than WDI's 1.31% return.
MMT
- 1D
- -0.69%
- 1M
- -1.15%
- 6M
- -4.43%
- YTD
- -2.30%
- 1Y
- 1.26%
- 3Y*
- 7.19%
- 5Y*
- 1.26%
- 10Y*
- 5.34%
- ALL TIME*
- 6.64%
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) |
|---|---|---|---|
| $1.63M | $1.45M | $1.02M | |
| $2.64M | $2.38M | $2.43M |
MMT vs. WDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MMT MFS Multimarket Income Trust | -2.30% | 8.10% | 12.40% | 10.14% | -22.96% | 6.75% |
WDI Western Asset Diversified Income Fund | 1.31% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
Correlation
The correlation between MMT and WDI is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.39 |
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Return for Risk
MMT vs. WDI — Risk / Return Rank
MMT
WDI
MMT vs. WDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Multimarket Income Trust (MMT) 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.
| MMT | WDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.00 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | -0.03 | +0.29 |
| Martin ratioReturn relative to average drawdown | 0.57 | -0.08 | +0.65 |
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Drawdowns
MMT vs. WDI - Drawdown Comparison
The maximum MMT drawdown since its inception was -35.70%, which is greater than WDI's maximum drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for MMT and WDI.
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Drawdown Indicators
| MMT | WDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -32.45% | -3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -8.47% | +2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -14.14% | +6.52% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -32.45% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | — | — |
Current DrawdownCurrent decline from peak | -5.83% | -3.87% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -10.16% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 3.53% | -0.91% |
Volatility
MMT vs. WDI - Volatility Comparison
The current volatility for MFS Multimarket Income Trust (MMT) is 2.17%, while Western Asset Diversified Income Fund (WDI) has a volatility of 2.97%. This indicates that MMT 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
| MMT | WDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 2.97% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 7.97% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.09% | 9.72% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.58% | 13.00% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 12.88% | +1.41% |
MMT vs. WDI - Expense Ratio Comparison
MMT has a 0.03% expense ratio, which is lower than WDI's 1.73% expense ratio.
Dividends
MMT vs. WDI - Dividend Comparison
MMT's dividend yield for the trailing twelve months is around 9.48%, less than WDI's 13.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMT MFS Multimarket Income Trust | 9.48% | 8.65% | 8.65% | 8.65% | 9.38% | 7.86% | 8.07% | 8.16% | 9.86% | 8.83% | 8.71% | 9.05% |
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
MMT and WDI have a correlation of 0.30, 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 MMT (2.17%). In terms of maximum drawdown, MMT dropped -35.70% vs WDI's -32.45%.
MMT currently has the higher Sharpe Ratio (0.16 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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