RGSVX vs. ARMGX
RGSVX (ClearBridge Global Infrastructure Income Fund) and ARMGX (Western Asset Ultra-Short Income Fund) are both mutual funds - RGSVX is a Infrastructure Equities fund managed by Legg Mason, while ARMGX is a Ultrashort Bond fund managed by Legg Mason. Over the past 5 years, RGSVX returned 8.95%/yr vs 2.72%/yr for ARMGX. Their 0.15 correlation means their historical movements had little consistent relationship. RGSVX charges 0.89%/yr vs 1.32%/yr for ARMGX.
Performance
RGSVX vs. ARMGX - Performance Comparison
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Returns By Period
In the year-to-date period, RGSVX achieves a 13.05% return, which is significantly higher than ARMGX's 1.23% return.
RGSVX
- 1D
- 1.27%
- 1M
- 0.54%
- 6M
- 7.30%
- YTD
- 13.05%
- 1Y
- 20.45%
- 3Y*
- 13.63%
- 5Y*
- 8.95%
- 10Y*
- —
- ALL TIME*
- 9.74%
ARMGX
- 1D
- 0.00%
- 1M
- -0.11%
- 6M
- 0.86%
- YTD
- 1.23%
- 1Y
- 2.89%
- 3Y*
- 4.04%
- 5Y*
- 2.72%
- 10Y*
- 2.19%
- ALL TIME*
- 1.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RGSVX vs. ARMGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGSVX ClearBridge Global Infrastructure Income Fund | 13.05% | 26.02% | 2.19% | 3.64% | -5.85% | 12.09% | 12.33% | 26.21% | -7.94% | 17.05% |
ARMGX Western Asset Ultra-Short Income Fund | 1.23% | 4.20% | 4.67% | 5.25% | -1.91% | 0.06% | 0.80% | 3.38% | 0.91% | 3.09% |
Correlation
The correlation between RGSVX and ARMGX is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.16 |
The correlation between RGSVX and ARMGX shifts across timeframes, from 0.10 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RGSVX vs. ARMGX — Risk / Return Rank
RGSVX
ARMGX
RGSVX vs. ARMGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Global Infrastructure Income Fund (RGSVX) and Western Asset Ultra-Short Income Fund (ARMGX). 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.
| RGSVX | ARMGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 2.24 | -0.91 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 10.10 | -6.93 |
| Martin ratioReturn relative to average drawdown | 8.93 | 38.53 | -29.60 |
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Drawdowns
RGSVX vs. ARMGX - Drawdown Comparison
The maximum RGSVX drawdown since its inception was -35.19%, which is greater than ARMGX's maximum drawdown of -21.79%. Use the drawdown chart below to compare losses from any high point for RGSVX and ARMGX.
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Drawdown Indicators
| RGSVX | ARMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.19% | -21.79% | -13.40% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -0.33% | -6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -12.38% | -0.55% | -11.83% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -3.23% | -21.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.09% | — |
Current DrawdownCurrent decline from peak | -2.90% | -0.22% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -1.53% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 0.09% | +2.20% |
Volatility
RGSVX vs. ARMGX - Volatility Comparison
ClearBridge Global Infrastructure Income Fund (RGSVX) has a higher volatility of 3.15% compared to Western Asset Ultra-Short Income Fund (ARMGX) at 0.19%. This indicates that RGSVX's price experiences larger fluctuations and is considered to be riskier than ARMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGSVX | ARMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 0.19% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 0.86% | +8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.44% | 1.21% | +10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 1.27% | +12.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 1.62% | +13.95% |
RGSVX vs. ARMGX - Expense Ratio Comparison
RGSVX has a 0.89% expense ratio, which is lower than ARMGX's 1.32% expense ratio.
Dividends
RGSVX vs. ARMGX - Dividend Comparison
RGSVX's dividend yield for the trailing twelve months is around 3.21%, more than ARMGX's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARMGX Western Asset Ultra-Short Income Fund | 2.63% | 3.00% | 2.43% | 2.23% | 1.37% | 0.17% | 1.45% | 2.32% | 1.92% | 1.37% | 0.96% | 0.48% |
RGSVX ClearBridge Global Infrastructure Income Fund | 3.21% | 3.00% | 4.04% | 4.78% | 4.90% | 4.65% | 3.79% | 2.99% | 2.79% | 2.20% | 0.00% | 0.00% |
Frequently Asked Questions
RGSVX and ARMGX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RGSVX has higher volatility (3.15%) compared to ARMGX (0.19%). In terms of maximum drawdown, RGSVX dropped -35.19% vs ARMGX's -21.79%.
ARMGX currently has the higher Sharpe Ratio (2.73 vs 1.80), 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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