SDGIX vs. WACPX
Compare and contrast key facts about BNY Mellon Global Fixed Income Fund (SDGIX) and Western Asset Core Plus Bond Fund Class I (WACPX).
SDGIX is managed by Dreyfus. It was launched on Dec 30, 1993. WACPX is managed by Franklin Templeton. It was launched on Jul 8, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDGIX or WACPX.
Key characteristics
| SDGIX | WACPX | |
|---|---|---|
| YTD Return | 5.91% | 3.48% |
| 1Y Return | 12.67% | 12.14% |
| 3Y Return (Ann) | 0.73% | -4.00% |
| 5Y Return (Ann) | 1.94% | -0.37% |
| 10Y Return (Ann) | 2.59% | 2.10% |
| Sharpe Ratio | 2.86 | 1.34 |
| Daily Std Dev | 4.29% | 8.16% |
| Max Drawdown | -14.53% | -25.58% |
| Current Drawdown | -0.38% | -11.93% |
Correlation
The correlation between SDGIX and WACPX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SDGIX vs. WACPX - Performance Comparison
In the year-to-date period, SDGIX achieves a 5.91% return, which is significantly higher than WACPX's 3.48% return. Over the past 10 years, SDGIX has outperformed WACPX with an annualized return of 2.59%, while WACPX has yielded a comparatively lower 2.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SDGIX vs. WACPX - Expense Ratio Comparison
SDGIX has a 0.53% expense ratio, which is higher than WACPX's 0.45% expense ratio.
Risk-Adjusted Performance
SDGIX vs. WACPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Global Fixed Income Fund (SDGIX) and Western Asset Core Plus Bond Fund Class I (WACPX). 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.
Dividends
SDGIX vs. WACPX - Dividend Comparison
SDGIX's dividend yield for the trailing twelve months is around 2.20%, less than WACPX's 4.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDGIX BNY Mellon Global Fixed Income Fund | 2.20% | 1.82% | 4.51% | 5.64% | 2.45% | 0.49% | 4.02% | 2.75% | 2.41% | 2.83% | 5.11% | 3.32% |
WACPX Western Asset Core Plus Bond Fund Class I | 4.47% | 4.23% | 3.48% | 3.35% | 4.12% | 5.01% | 4.04% | 3.31% | 4.77% | 3.18% | 3.45% | 3.21% |
Drawdowns
SDGIX vs. WACPX - Drawdown Comparison
The maximum SDGIX drawdown since its inception was -14.53%, smaller than the maximum WACPX drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for SDGIX and WACPX. For additional features, visit the drawdowns tool.
Volatility
SDGIX vs. WACPX - Volatility Comparison
The current volatility for BNY Mellon Global Fixed Income Fund (SDGIX) is 0.81%, while Western Asset Core Plus Bond Fund Class I (WACPX) has a volatility of 1.23%. This indicates that SDGIX experiences smaller price fluctuations and is considered to be less risky than WACPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.