SIGAX vs. SMARX
Compare and contrast key facts about Western Asset Corporate Bond Fund (SIGAX) and Brandes Separately Managed Account Reserve Trust (SMARX).
SIGAX is managed by Franklin Templeton. It was launched on Nov 6, 1992. SMARX is managed by BlackRock. It was launched on Oct 3, 2005.
Performance
SIGAX vs. SMARX - Performance Comparison
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SIGAX vs. SMARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIGAX Western Asset Corporate Bond Fund | -1.48% | 8.16% | 1.19% | 6.96% | -17.20% | -1.17% | 10.81% | 14.42% | -3.64% | 7.20% |
SMARX Brandes Separately Managed Account Reserve Trust | -0.30% | 6.91% | 3.73% | 9.76% | -11.77% | 0.76% | 6.55% | 7.77% | -1.13% | 4.75% |
Returns By Period
In the year-to-date period, SIGAX achieves a -1.48% return, which is significantly lower than SMARX's -0.30% return. Over the past 10 years, SIGAX has underperformed SMARX with an annualized return of 2.65%, while SMARX has yielded a comparatively higher 3.34% annualized return.
SIGAX
- 1D
- 0.48%
- 1M
- -3.04%
- YTD
- -1.48%
- 6M
- -0.68%
- 1Y
- 4.14%
- 3Y*
- 3.96%
- 5Y*
- -0.24%
- 10Y*
- 2.65%
SMARX
- 1D
- 0.64%
- 1M
- -1.99%
- YTD
- -0.30%
- 6M
- 0.49%
- 1Y
- 3.99%
- 3Y*
- 5.18%
- 5Y*
- 1.98%
- 10Y*
- 3.34%
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SIGAX vs. SMARX - Expense Ratio Comparison
SIGAX has a 0.88% expense ratio, which is higher than SMARX's 0.00% expense ratio.
Return for Risk
SIGAX vs. SMARX — Risk / Return Rank
SIGAX
SMARX
SIGAX vs. SMARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Corporate Bond Fund (SIGAX) and Brandes Separately Managed Account Reserve Trust (SMARX). 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.
| SIGAX | SMARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.14 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.63 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.89 | -0.44 |
Martin ratioReturn relative to average drawdown | 5.08 | 6.07 | -0.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SIGAX | SMARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.14 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.39 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.77 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.41 | +0.31 |
Correlation
The correlation between SIGAX and SMARX is 0.76, 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.
Dividends
SIGAX vs. SMARX - Dividend Comparison
SIGAX's dividend yield for the trailing twelve months is around 4.51%, less than SMARX's 4.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIGAX Western Asset Corporate Bond Fund | 4.51% | 4.86% | 4.15% | 4.17% | 3.30% | 3.03% | 4.33% | 3.78% | 3.85% | 3.44% | 3.82% | 4.34% |
SMARX Brandes Separately Managed Account Reserve Trust | 4.71% | 5.02% | 4.07% | 3.85% | 3.53% | 2.57% | 3.35% | 4.19% | 4.55% | 4.20% | 4.87% | 5.24% |
Drawdowns
SIGAX vs. SMARX - Drawdown Comparison
The maximum SIGAX drawdown since its inception was -30.99%, smaller than the maximum SMARX drawdown of -47.07%. Use the drawdown chart below to compare losses from any high point for SIGAX and SMARX.
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Drawdown Indicators
| SIGAX | SMARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -47.07% | +16.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -2.63% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -23.62% | -16.20% | -7.42% |
Max Drawdown (10Y)Largest decline over 10 years | -23.62% | -16.20% | -7.42% |
Current DrawdownCurrent decline from peak | -6.18% | -1.99% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -7.02% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.82% | +0.18% |
Volatility
SIGAX vs. SMARX - Volatility Comparison
Western Asset Corporate Bond Fund (SIGAX) has a higher volatility of 1.76% compared to Brandes Separately Managed Account Reserve Trust (SMARX) at 1.66%. This indicates that SIGAX's price experiences larger fluctuations and is considered to be riskier than SMARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIGAX | SMARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.66% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.56% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 4.03% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.76% | 5.12% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 4.37% | +1.75% |