PPT vs. WDI
PPT (Putnam Premier Income Trust) and WDI (Western Asset Diversified Income Fund) are both Multisector Bonds funds. Over the past 5 years, PPT returned 2.51%/yr vs 2.57%/yr for WDI. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
PPT vs. WDI - Performance Comparison
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Returns By Period
In the year-to-date period, PPT achieves a 1.76% return, which is significantly higher than WDI's 0.85% return.
PPT
- 1D
- 0.88%
- 1M
- -0.40%
- 6M
- -1.47%
- YTD
- 1.76%
- 1Y
- 1.45%
- 3Y*
- 7.41%
- 5Y*
- 2.51%
- 10Y*
- 4.42%
- ALL TIME*
- 2.75%
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) |
|---|---|---|---|
| $415.04K | $332.20K | $356.46K | |
| $2.79M | $2.54M | $2.49M |
PPT vs. WDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 1.76% | 8.39% | 8.80% | 7.43% | -7.75% | -4.92% |
WDI Western Asset Diversified Income Fund | 0.85% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
Correlation
The correlation between PPT and WDI is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.33 |
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Return for Risk
PPT vs. WDI — Risk / Return Rank
PPT
WDI
PPT vs. WDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Premier Income Trust (PPT) 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.
| PPT | WDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.99 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.10 | +0.39 |
| Martin ratioReturn relative to average drawdown | 0.60 | -0.25 | +0.85 |
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Drawdowns
PPT vs. WDI - Drawdown Comparison
The maximum PPT drawdown since its inception was -49.76%, which is greater than WDI's maximum drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for PPT and WDI.
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Drawdown Indicators
| PPT | WDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.76% | -32.45% | -17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.05% | -8.47% | +3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -14.14% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -17.46% | -32.45% | +14.99% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | — | — |
Current DrawdownCurrent decline from peak | -2.71% | -4.31% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -11.20% | -10.16% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.54% | -1.10% |
Volatility
PPT vs. WDI - Volatility Comparison
The current volatility for Putnam Premier Income Trust (PPT) is 1.42%, while Western Asset Diversified Income Fund (WDI) has a volatility of 2.96%. This indicates that PPT 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
| PPT | WDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 2.96% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 7.95% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.18% | 9.75% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.88% | 12.99% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 12.88% | +1.54% |
Dividends
PPT vs. WDI - Dividend Comparison
PPT's dividend yield for the trailing twelve months is around 9.12%, less than WDI's 13.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 9.12% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
WDI Western Asset Diversified Income Fund | 13.67% | 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
PPT and WDI have a correlation of 0.27, 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 PPT (1.42%). In terms of maximum drawdown, PPT dropped -49.76% vs WDI's -32.45%.
PPT currently has the higher Sharpe Ratio (0.16 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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