OWCIX vs. WDI
OWCIX (Old Westbury Credit Income Fund) and WDI (Western Asset Diversified Income Fund) are both Multisector Bonds funds. Over the past 5 years, OWCIX returned 0.16%/yr vs 2.57%/yr for WDI. Their 0.34 correlation means their historical movements had little consistent relationship. OWCIX charges 0.85%/yr vs 1.73%/yr for WDI.
Performance
OWCIX vs. WDI - Performance Comparison
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Returns By Period
In the year-to-date period, OWCIX achieves a 0.38% return, which is significantly lower than WDI's 0.85% return.
OWCIX
- 1D
- -0.26%
- 1M
- -1.39%
- 6M
- 0.00%
- YTD
- 0.38%
- 1Y
- 3.99%
- 3Y*
- 5.30%
- 5Y*
- 0.16%
- 10Y*
- —
- ALL TIME*
- 0.98%
WDI
- 1D
- -0.46%
- 1M
- -3.68%
- 6M
- -0.09%
- YTD
- 0.85%
- 1Y
- -0.88%
- 3Y*
- 10.92%
- 5Y*
- 2.57%
- 10Y*
- —
- ALL TIME*
- 2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.79M | $2.54M | $2.49M |
OWCIX vs. WDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OWCIX Old Westbury Credit Income Fund | 0.38% | 9.35% | 2.32% | 6.42% | -16.20% | 2.03% |
WDI Western Asset Diversified Income Fund | 0.85% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
Correlation
The correlation between OWCIX and WDI is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.34 |
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Return for Risk
OWCIX vs. WDI — Risk / Return Rank
OWCIX
WDI
OWCIX vs. WDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Westbury Credit Income Fund (OWCIX) 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.
| OWCIX | WDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.99 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | -0.10 | +1.62 |
| Martin ratioReturn relative to average drawdown | 4.19 | -0.25 | +4.44 |
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Drawdowns
OWCIX vs. WDI - Drawdown Comparison
The maximum OWCIX drawdown since its inception was -19.92%, smaller than the maximum WDI drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for OWCIX and WDI.
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Drawdown Indicators
| OWCIX | WDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -32.45% | +12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -8.47% | +5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -5.81% | -14.14% | +8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.92% | -32.45% | +12.53% |
Current DrawdownCurrent decline from peak | -2.01% | -4.31% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -10.16% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 3.54% | -2.53% |
Volatility
OWCIX vs. WDI - Volatility Comparison
The current volatility for Old Westbury Credit Income Fund (OWCIX) is 1.11%, while Western Asset Diversified Income Fund (WDI) has a volatility of 2.96%. This indicates that OWCIX 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
| OWCIX | WDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 2.96% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 7.95% | -4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 9.75% | -5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 12.99% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 12.88% | -7.00% |
OWCIX vs. WDI - Expense Ratio Comparison
OWCIX has a 0.85% expense ratio, which is lower than WDI's 1.73% expense ratio.
Dividends
OWCIX vs. WDI - Dividend Comparison
OWCIX's dividend yield for the trailing twelve months is around 5.31%, less than WDI's 13.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
OWCIX Old Westbury Credit Income Fund | 5.31% | 7.01% | 5.83% | 5.44% | 5.30% | 3.91% | 1.06% |
WDI Western Asset Diversified Income Fund | 13.67% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% | 0.00% |
Frequently Asked Questions
OWCIX and WDI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDI has higher volatility (2.96%) compared to OWCIX (1.11%). In terms of maximum drawdown, OWCIX dropped -19.92% vs WDI's -32.45%.
OWCIX currently has the higher Sharpe Ratio (0.95 vs -0.09), 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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