WABF vs. BYLD
Compare and contrast key facts about Western Asset Bond ETF (WABF) and iShares Yield Optimized Bond ETF (BYLD).
WABF and BYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WABF is an actively managed fund by Franklin. It was launched on Sep 19, 2023. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WABF or BYLD.
Correlation
The correlation between WABF and BYLD is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
WABF vs. BYLD - Performance Comparison
Key characteristics
WABF:
1.16
BYLD:
1.49
WABF:
1.68
BYLD:
2.18
WABF:
1.20
BYLD:
1.29
WABF:
1.37
BYLD:
1.38
WABF:
3.11
BYLD:
7.67
WABF:
2.36%
BYLD:
0.95%
WABF:
6.35%
BYLD:
4.89%
WABF:
-5.36%
BYLD:
-14.75%
WABF:
-1.76%
BYLD:
-0.59%
Returns By Period
In the year-to-date period, WABF achieves a 2.56% return, which is significantly higher than BYLD's 1.98% return.
WABF
2.56%
0.44%
1.79%
7.71%
N/A
N/A
BYLD
1.98%
0.22%
1.85%
7.31%
1.56%
2.53%
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WABF vs. BYLD - Expense Ratio Comparison
WABF has a 0.35% expense ratio, which is higher than BYLD's 0.20% expense ratio.
Risk-Adjusted Performance
WABF vs. BYLD — Risk-Adjusted Performance Rank
WABF
BYLD
WABF vs. BYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Bond ETF (WABF) and iShares Yield Optimized Bond ETF (BYLD). 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
WABF vs. BYLD - Dividend Comparison
WABF's dividend yield for the trailing twelve months is around 6.62%, more than BYLD's 5.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WABF Western Asset Bond ETF | 6.62% | 6.25% | 1.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BYLD iShares Yield Optimized Bond ETF | 5.45% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% | 2.12% |
Drawdowns
WABF vs. BYLD - Drawdown Comparison
The maximum WABF drawdown since its inception was -5.36%, smaller than the maximum BYLD drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for WABF and BYLD. For additional features, visit the drawdowns tool.
Volatility
WABF vs. BYLD - Volatility Comparison
Western Asset Bond ETF (WABF) and iShares Yield Optimized Bond ETF (BYLD) have volatilities of 2.91% and 2.89%, 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.