SDSYX vs. ESIIX
SDSYX (Western Asset Income Fund Class I) and ESIIX (Eaton Vance Strategic Income Fund Class I) are both Multisector Bonds funds. Over the past 10 years, SDSYX returned 3.23%/yr vs 5.09%/yr for ESIIX. Their 0.40 correlation means their historical movements had little consistent relationship. SDSYX charges 0.63%/yr vs 1.21%/yr for ESIIX.
Performance
SDSYX vs. ESIIX - Performance Comparison
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Returns By Period
In the year-to-date period, SDSYX achieves a 0.40% return, which is significantly lower than ESIIX's 2.48% return. Over the past 10 years, SDSYX has underperformed ESIIX with an annualized return of 3.23%, while ESIIX has yielded a comparatively higher 5.09% annualized return.
SDSYX
- 1D
- 0.00%
- 1M
- -1.00%
- 6M
- -0.36%
- YTD
- 0.40%
- 1Y
- 3.43%
- 3Y*
- 5.55%
- 5Y*
- 1.64%
- 10Y*
- 3.23%
- ALL TIME*
- 4.78%
ESIIX
- 1D
- 0.15%
- 1M
- -0.44%
- 6M
- 1.06%
- YTD
- 2.48%
- 1Y
- 7.47%
- 3Y*
- 8.55%
- 5Y*
- 5.48%
- 10Y*
- 5.09%
- ALL TIME*
- 5.24%
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 |
SDSYX vs. ESIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDSYX Western Asset Income Fund Class I | 0.40% | 8.29% | 4.62% | 9.27% | -13.36% | 2.17% | 4.00% | 12.77% | -3.77% | 8.88% |
ESIIX Eaton Vance Strategic Income Fund Class I | 2.48% | 12.46% | 6.66% | 8.52% | -2.32% | 1.59% | 7.80% | 7.65% | -2.44% | 5.16% |
Correlation
The correlation between SDSYX and ESIIX is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2009 | 0.40 |
Over the past year, SDSYX and ESIIX have become more correlated (0.69) than their long-term average of 0.40, meaning their price movements have been converging.
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Return for Risk
SDSYX vs. ESIIX — Risk / Return Rank
SDSYX
ESIIX
SDSYX vs. ESIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Income Fund Class I (SDSYX) and Eaton Vance Strategic Income Fund Class I (ESIIX). 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.
| SDSYX | ESIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.62 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.41 | -1.87 |
| Martin ratioReturn relative to average drawdown | 6.43 | 12.53 | -6.10 |
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Drawdowns
SDSYX vs. ESIIX - Drawdown Comparison
The maximum SDSYX drawdown since its inception was -26.75%, roughly equal to the maximum ESIIX drawdown of -26.87%. Use the drawdown chart below to compare losses from any high point for SDSYX and ESIIX.
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Drawdown Indicators
| SDSYX | ESIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -26.87% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -2.44% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.70% | -2.46% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.61% | -6.18% | -11.43% |
Max Drawdown (10Y)Largest decline over 10 years | -20.55% | -12.25% | -8.30% |
Current DrawdownCurrent decline from peak | -1.20% | -0.59% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -4.68% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.66% | +0.04% |
Volatility
SDSYX vs. ESIIX - Volatility Comparison
The current volatility for Western Asset Income Fund Class I (SDSYX) is 0.66%, while Eaton Vance Strategic Income Fund Class I (ESIIX) has a volatility of 0.78%. This indicates that SDSYX experiences smaller price fluctuations and is considered to be less risky than ESIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDSYX | ESIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.78% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.35% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 2.89% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 3.22% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 3.16% | +1.68% |
SDSYX vs. ESIIX - Expense Ratio Comparison
SDSYX has a 0.63% expense ratio, which is lower than ESIIX's 1.21% expense ratio.
Dividends
SDSYX vs. ESIIX - Dividend Comparison
SDSYX's dividend yield for the trailing twelve months is around 6.09%, less than ESIIX's 7.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESIIX Eaton Vance Strategic Income Fund Class I | 7.47% | 7.01% | 7.23% | 7.19% | 5.82% | 4.57% | 4.44% | 5.29% | 4.25% | 3.95% | 4.18% | 4.59% |
SDSYX Western Asset Income Fund Class I | 6.09% | 7.33% | 6.30% | 6.77% | 5.05% | 3.62% | 4.78% | 5.97% | 6.27% | 5.18% | 5.43% | 9.37% |
Frequently Asked Questions
SDSYX and ESIIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESIIX has higher volatility (0.78%) compared to SDSYX (0.66%). In terms of maximum drawdown, SDSYX dropped -26.75% vs ESIIX's -26.87%.
ESIIX currently has the higher Sharpe Ratio (2.88 vs 1.29), 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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