SDSAX vs. ADVNX
SDSAX (Western Asset Income Fund) and ADVNX (North Square Strategic Income Fund) are both Multisector Bonds funds. Over the past 10 years, SDSAX returned 2.94%/yr vs 4.58%/yr for ADVNX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. SDSAX charges 0.92%/yr vs 0.90%/yr for ADVNX.
Performance
SDSAX vs. ADVNX - Performance Comparison
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Returns By Period
In the year-to-date period, SDSAX achieves a 0.25% return, which is significantly lower than ADVNX's 0.57% return. Over the past 10 years, SDSAX has underperformed ADVNX with an annualized return of 2.94%, while ADVNX has yielded a comparatively higher 4.58% annualized return.
SDSAX
- 1D
- 0.00%
- 1M
- -1.01%
- 6M
- -0.48%
- YTD
- 0.25%
- 1Y
- 3.36%
- 3Y*
- 5.30%
- 5Y*
- 1.39%
- 10Y*
- 2.94%
- ALL TIME*
- 4.81%
ADVNX
- 1D
- -0.04%
- 1M
- -0.95%
- 6M
- -0.90%
- YTD
- 0.57%
- 1Y
- 4.91%
- 3Y*
- 8.14%
- 5Y*
- 3.66%
- 10Y*
- 4.58%
- ALL TIME*
- 4.51%
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 |
SDSAX vs. ADVNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDSAX Western Asset Income Fund | 0.25% | 7.99% | 4.35% | 9.03% | -13.53% | 1.75% | 3.67% | 12.48% | -3.95% | 8.41% |
ADVNX North Square Strategic Income Fund | 0.57% | 11.20% | 9.71% | 5.07% | -8.43% | 5.32% | 11.67% | 11.04% | -1.98% | 6.07% |
Correlation
The correlation between SDSAX and ADVNX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.52 |
The correlation between SDSAX and ADVNX shifts across timeframes, from 0.52 (all time) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SDSAX vs. ADVNX — Risk / Return Rank
SDSAX
ADVNX
SDSAX vs. ADVNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Income Fund (SDSAX) and North Square Strategic Income Fund (ADVNX). 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.
| SDSAX | ADVNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.39 | -0.98 |
| Martin ratioReturn relative to average drawdown | 5.80 | 5.79 | +0.02 |
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Drawdowns
SDSAX vs. ADVNX - Drawdown Comparison
The maximum SDSAX drawdown since its inception was -27.16%, which is greater than ADVNX's maximum drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for SDSAX and ADVNX.
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Drawdown Indicators
| SDSAX | ADVNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.16% | -11.86% | -15.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -2.57% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.76% | -5.12% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -17.75% | -11.86% | -5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -20.55% | -11.86% | -8.69% |
Current DrawdownCurrent decline from peak | -1.20% | -2.16% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -1.91% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.06% | -0.35% |
Volatility
SDSAX vs. ADVNX - Volatility Comparison
Western Asset Income Fund (SDSAX) and North Square Strategic Income Fund (ADVNX) have volatilities of 0.66% and 0.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDSAX | ADVNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.67% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 2.50% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 3.57% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 4.25% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 3.77% | +1.06% |
SDSAX vs. ADVNX - Expense Ratio Comparison
SDSAX has a 0.92% expense ratio, which is higher than ADVNX's 0.90% expense ratio.
Dividends
SDSAX vs. ADVNX - Dividend Comparison
SDSAX's dividend yield for the trailing twelve months is around 5.82%, more than ADVNX's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADVNX North Square Strategic Income Fund | 4.90% | 4.73% | 4.02% | 4.38% | 2.80% | 5.23% | 6.80% | 3.33% | 3.92% | 4.09% | 4.19% | 6.30% |
SDSAX Western Asset Income Fund | 5.82% | 6.85% | 6.05% | 6.54% | 4.78% | 3.39% | 4.48% | 5.69% | 5.97% | 4.90% | 5.14% | 9.07% |
Frequently Asked Questions
SDSAX and ADVNX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADVNX has higher volatility (0.67%) compared to SDSAX (0.66%). In terms of maximum drawdown, SDSAX dropped -27.16% vs ADVNX's -11.86%.
ADVNX currently has the higher Sharpe Ratio (1.73 vs 1.18), 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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