MOFIX vs. WDI
MOFIX (Mercer Opportunistic Fixed Income Fund) and WDI (Western Asset Diversified Income Fund) are both Multisector Bonds funds. Over the past 5 years, MOFIX returned 1.23%/yr vs 2.55%/yr for WDI. Their 0.36 correlation means their historical movements had little consistent relationship. MOFIX charges 0.44%/yr vs 1.73%/yr for WDI.
Performance
MOFIX vs. WDI - Performance Comparison
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Returns By Period
In the year-to-date period, MOFIX achieves a -2.00% return, which is significantly lower than WDI's 0.92% return.
MOFIX
- 1D
- 0.24%
- 1M
- -0.84%
- 6M
- -2.12%
- YTD
- -2.00%
- 1Y
- -0.02%
- 3Y*
- 4.62%
- 5Y*
- 1.23%
- 10Y*
- —
- ALL TIME*
- 2.05%
WDI
- 1D
- 0.08%
- 1M
- -3.61%
- 6M
- -0.02%
- YTD
- 0.92%
- 1Y
- -1.14%
- 3Y*
- 10.95%
- 5Y*
- 2.55%
- 10Y*
- —
- ALL TIME*
- 2.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.92M | $2.57M | $2.49M |
MOFIX vs. WDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MOFIX Mercer Opportunistic Fixed Income Fund | -2.00% | 8.60% | 2.23% | 12.22% | -11.57% | -1.24% |
WDI Western Asset Diversified Income Fund | 0.92% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
Correlation
The correlation between MOFIX and WDI is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.36 |
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Return for Risk
MOFIX vs. WDI — Risk / Return Rank
MOFIX
WDI
MOFIX vs. WDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer Opportunistic Fixed Income Fund (MOFIX) 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.
| MOFIX | WDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.99 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | -0.13 | +0.16 |
| Martin ratioReturn relative to average drawdown | 0.08 | -0.32 | +0.40 |
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Drawdowns
MOFIX vs. WDI - Drawdown Comparison
The maximum MOFIX drawdown since its inception was -19.96%, smaller than the maximum WDI drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for MOFIX and WDI.
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Drawdown Indicators
| MOFIX | WDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -32.45% | +12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -8.47% | +4.95% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -14.14% | +6.12% |
Max Drawdown (5Y)Largest decline over 5 years | -19.00% | -32.45% | +13.45% |
Current DrawdownCurrent decline from peak | -2.46% | -4.24% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -10.15% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 3.55% | -2.21% |
Volatility
MOFIX vs. WDI - Volatility Comparison
The current volatility for Mercer Opportunistic Fixed Income Fund (MOFIX) is 0.72%, while Western Asset Diversified Income Fund (WDI) has a volatility of 2.97%. This indicates that MOFIX 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
| MOFIX | WDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 2.97% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 7.95% | -5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 9.73% | -6.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 12.99% | -5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 12.87% | -5.77% |
MOFIX vs. WDI - Expense Ratio Comparison
MOFIX has a 0.44% expense ratio, which is lower than WDI's 1.73% expense ratio.
Dividends
MOFIX vs. WDI - Dividend Comparison
MOFIX's dividend yield for the trailing twelve months is around 3.39%, less than WDI's 13.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MOFIX Mercer Opportunistic Fixed Income Fund | 3.39% | 3.32% | 6.91% | 6.44% | 3.81% | 4.20% |
WDI Western Asset Diversified Income Fund | 13.66% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% |
Frequently Asked Questions
MOFIX and WDI have a correlation of 0.41, 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 MOFIX (0.72%). In terms of maximum drawdown, MOFIX dropped -19.96% vs WDI's -32.45%.
MOFIX currently has the higher Sharpe Ratio (0.04 vs -0.12), 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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