SDSAX vs. SHRAX

Last updated Jun 4, 2026

SDSAX (Western Asset Income Fund) and SHRAX (ClearBridge Aggressive Growth Fund) are both mutual funds - SDSAX is a Multisector Bonds fund managed by Franklin Templeton, while SHRAX is a Large Cap Blend Equities fund managed by Franklin Templeton. Over the past 10 years, SDSAX returned 3.39%/yr vs 8.07%/yr for SHRAX. At a 0.11 correlation, their price movements are largely independent. SDSAX charges 0.92%/yr vs 1.11%/yr for SHRAX.

Performance

SDSAX vs. SHRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Western Asset Income Fund (SDSAX) and ClearBridge Aggressive Growth Fund (SHRAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDSAX achieves a 1.07% return, which is significantly lower than SHRAX's 3.89% return. Over the past 10 years, SDSAX has underperformed SHRAX with an annualized return of 3.39%, while SHRAX has yielded a comparatively higher 8.07% annualized return.

SDSAX

• 1D: 0.20%
• 1M: 0.80%
• YTD: 1.07%
• 6M: 1.10%
• 1Y: 6.63%
• 3Y*: 6.17%
• 5Y*: 1.79%
• 10Y*: 3.39%

SHRAX

• 1D: -0.22%
• 1M: 7.01%
• YTD: 3.89%
• 6M: 2.12%
• 1Y: 11.37%
• 3Y*: 14.27%
• 5Y*: 3.99%
• 10Y*: 8.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SDSAX vs. SHRAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDSAX Western Asset Income Fund	1.07%	7.99%	4.35%	9.03%	-13.53%	1.75%	3.67%	12.48%	-3.95%	8.41%
SHRAX ClearBridge Aggressive Growth Fund	3.89%	13.50%	12.02%	24.09%	-25.43%	7.35%	19.74%	24.26%	-7.93%	14.22%

Correlation

The correlation between SDSAX and SHRAX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 5, 1993	0.11

Over the past year, SDSAX and SHRAX have become more correlated (0.43) than their long-term average of 0.11, meaning their price movements have been converging.

Return for Risk

SDSAX vs. SHRAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDSAX

SDSAX Risk / Return Rank: 48
SDSAX Sharpe Ratio Rank: 42
SDSAX Sortino Ratio Rank: 61
SDSAX Omega Ratio Rank: 57
SDSAX Calmar Ratio Rank: 35
SDSAX Martin Ratio Rank: 46

SHRAX

SHRAX Risk / Return Rank: 9
SHRAX Sharpe Ratio Rank: 9
SHRAX Sortino Ratio Rank: 9
SHRAX Omega Ratio Rank: 9
SHRAX Calmar Ratio Rank: 8
SHRAX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SDSAX vs. SHRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Western Asset Income Fund (SDSAX) and ClearBridge Aggressive Growth Fund (SHRAX). 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.

	SDSAX	SHRAX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	0.75	+1.16
Sortino ratio: Return per unit of downside risk	3.29	1.13	+2.16
Omega ratio: Gain probability vs. loss probability	1.42	1.14	+0.28
Calmar ratio: Return relative to maximum drawdown	2.25	0.87	+1.37
Martin ratio: Return relative to average drawdown	9.67	2.46	+7.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDSAX vs. SHRAX - Sharpe Ratio Comparison

The current SDSAX Sharpe Ratio is 1.90, which is higher than the SHRAX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of SDSAX and SHRAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SDSAX	SHRAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	0.75	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.19	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.39	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.46	+0.69

Drawdowns

SDSAX vs. SHRAX - Drawdown Comparison

The maximum SDSAX drawdown since its inception was -27.16%, smaller than the maximum SHRAX drawdown of -57.26%. Use the drawdown chart below to compare losses from any high point for SDSAX and SHRAX.

Drawdown Indicators

	SDSAX	SHRAX	Difference
Max Drawdown Largest peak-to-trough decline	-27.16%	-57.26%	+30.10%
Max Drawdown (1Y) Largest decline over 1 year	-2.96%	-14.59%	+11.63%
Max Drawdown (3Y) Largest decline over 3 years	-4.95%	-23.73%	+18.78%
Max Drawdown (5Y) Largest decline over 5 years	-17.75%	-33.77%	+16.02%
Max Drawdown (10Y) Largest decline over 10 years	-20.55%	-33.77%	+13.22%
Current Drawdown Current decline from peak	0.00%	-1.17%	+1.17%
Average Drawdown Average peak-to-trough decline	-2.40%	-11.27%	+8.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	5.17%	-4.48%

Volatility

SDSAX vs. SHRAX - Volatility Comparison

The current volatility for Western Asset Income Fund (SDSAX) is 1.20%, while ClearBridge Aggressive Growth Fund (SHRAX) has a volatility of 4.07%. This indicates that SDSAX experiences smaller price fluctuations and is considered to be less risky than SHRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDSAX	SHRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	4.07%	-2.87%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	13.16%	-10.47%
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	17.13%	-13.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.63%	20.90%	-16.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.83%	20.89%	-16.06%

SDSAX vs. SHRAX - Expense Ratio Comparison

SDSAX has a 0.92% expense ratio, which is lower than SHRAX's 1.11% expense ratio.

Dividends

SDSAX vs. SHRAX - Dividend Comparison

SDSAX's dividend yield for the trailing twelve months is around 6.25%, less than SHRAX's 21.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SDSAX Western Asset Income Fund	6.25%	6.85%	6.05%	6.54%	4.78%	3.39%	4.48%	5.69%	5.97%	4.90%	5.14%	9.07%
SHRAX ClearBridge Aggressive Growth Fund	21.44%	22.27%	20.39%	13.77%	15.63%	26.11%	18.42%	12.71%	18.97%	5.97%	4.76%	4.03%

Frequently Asked Questions

Can I hold both SDSAX and SHRAX in my portfolio?

SDSAX and SHRAX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDSAX or SHRAX?

SHRAX has higher volatility (4.07%) compared to SDSAX (1.20%). In terms of maximum drawdown, SDSAX dropped -27.16% vs SHRAX's -57.26%.

Which has better risk-adjusted returns?

SDSAX currently has the higher Sharpe Ratio (1.90 vs 0.75), 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.