RA vs. WDI
RA (Brookfield Real Assets Income Fund Inc.) and WDI (Western Asset Diversified Income Fund) are both Multisector Bonds funds. Over the past 5 years, RA returned 1.16%/yr vs 3.47%/yr for WDI. At a 0.39 correlation, their price movements are largely independent. RA charges 2.76%/yr vs 1.73%/yr for WDI.
Performance
RA vs. WDI - Performance Comparison
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Returns By Period
In the year-to-date period, RA achieves a 5.96% return, which is significantly higher than WDI's 3.94% return.
RA
- 1D
- 0.16%
- 1M
- 3.25%
- 6M
- 5.07%
- YTD
- 5.96%
- 1Y
- 7.22%
- 3Y*
- 2.48%
- 5Y*
- 1.16%
- 10Y*
- —
WDI
- 1D
- -0.22%
- 1M
- 3.63%
- 6M
- 3.71%
- YTD
- 3.94%
- 1Y
- 3.17%
- 3Y*
- 12.76%
- 5Y*
- 3.47%
- 10Y*
- —
RA vs. WDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RA Brookfield Real Assets Income Fund Inc. | 5.96% | 8.32% | 15.87% | -9.02% | -13.47% | 0.93% |
WDI Western Asset Diversified Income Fund | 3.94% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
Correlation
The correlation between RA and WDI is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year 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
RA vs. WDI — Risk / Return Rank
RA
WDI
RA vs. WDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Real Assets Income Fund Inc. (RA) 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.
| RA | WDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.06 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.38 | +0.70 |
| Martin ratioReturn relative to average drawdown | 2.91 | 0.92 | +1.99 |
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Drawdowns
RA vs. WDI - Drawdown Comparison
The maximum RA drawdown since its inception was -50.66%, which is greater than WDI's maximum drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for RA and WDI.
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Drawdown Indicators
| RA | WDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.66% | -32.45% | -18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.73% | -8.47% | +1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -28.42% | -14.14% | -14.28% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -32.45% | +1.62% |
Current DrawdownCurrent decline from peak | -0.77% | -1.38% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -10.24% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.46% | -0.96% |
Volatility
RA vs. WDI - Volatility Comparison
The current volatility for Brookfield Real Assets Income Fund Inc. (RA) is 1.84%, while Western Asset Diversified Income Fund (WDI) has a volatility of 2.72%. This indicates that RA 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
| RA | WDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 2.72% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 6.77% | 7.75% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.40% | 9.58% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.56% | 12.96% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.54% | 12.90% | +7.64% |
RA vs. WDI - Expense Ratio Comparison
RA has a 2.76% expense ratio, which is higher than WDI's 1.73% expense ratio.
Dividends
RA vs. WDI - Dividend Comparison
RA's dividend yield for the trailing twelve months is around 10.99%, less than WDI's 13.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RA Brookfield Real Assets Income Fund Inc. | 10.99% | 10.93% | 10.63% | 16.74% | 14.79% | 11.31% | 13.39% | 11.19% | 12.52% | 10.22% | 0.89% |
WDI Western Asset Diversified Income Fund | 13.11% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RA and WDI have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDI has higher volatility (2.72%) compared to RA (1.84%). In terms of maximum drawdown, RA dropped -50.66% vs WDI's -32.45%.
RA currently has the higher Sharpe Ratio (0.87 vs 0.33), 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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