WACPX vs. FTBFX
Compare and contrast key facts about Western Asset Core Plus Bond Fund Class I (WACPX) and Fidelity Total Bond Fund (FTBFX).
WACPX is managed by Franklin Templeton. It was launched on Jul 8, 1998. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WACPX or FTBFX.
Key characteristics
| WACPX | FTBFX | |
|---|---|---|
| YTD Return | 0.69% | 4.00% |
| 1Y Return | 10.08% | 10.64% |
| 3Y Return (Ann) | -4.74% | -1.29% |
| 5Y Return (Ann) | -1.58% | 0.81% |
| 10Y Return (Ann) | 1.23% | 2.09% |
| Sharpe Ratio | 1.23 | 1.65 |
| Sortino Ratio | 1.79 | 2.46 |
| Omega Ratio | 1.22 | 1.30 |
| Calmar Ratio | 0.38 | 0.69 |
| Martin Ratio | 4.03 | 6.66 |
| Ulcer Index | 2.20% | 1.38% |
| Daily Std Dev | 7.19% | 5.71% |
| Max Drawdown | -26.54% | -18.19% |
| Current Drawdown | -15.40% | -4.77% |
Correlation
The correlation between WACPX and FTBFX is 0.86, 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.
Performance
WACPX vs. FTBFX - Performance Comparison
In the year-to-date period, WACPX achieves a 0.69% return, which is significantly lower than FTBFX's 4.00% return. Over the past 10 years, WACPX has underperformed FTBFX with an annualized return of 1.23%, while FTBFX has yielded a comparatively higher 2.09% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WACPX vs. FTBFX - Expense Ratio Comparison
Both WACPX and FTBFX have an expense ratio of 0.45%.
Risk-Adjusted Performance
WACPX vs. FTBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Core Plus Bond Fund Class I (WACPX) and Fidelity Total Bond Fund (FTBFX). 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
WACPX vs. FTBFX - Dividend Comparison
WACPX's dividend yield for the trailing twelve months is around 4.64%, more than FTBFX's 4.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WACPX Western Asset Core Plus Bond Fund Class I | 4.64% | 4.23% | 3.49% | 2.72% | 2.71% | 3.69% | 3.54% | 3.03% | 3.74% | 3.18% | 3.45% | 3.21% |
FTBFX Fidelity Total Bond Fund | 4.58% | 4.15% | 3.34% | 2.19% | 2.53% | 2.95% | 3.19% | 2.74% | 2.95% | 3.71% | 2.99% | 3.91% |
Drawdowns
WACPX vs. FTBFX - Drawdown Comparison
The maximum WACPX drawdown since its inception was -26.54%, which is greater than FTBFX's maximum drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for WACPX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
WACPX vs. FTBFX - Volatility Comparison
Western Asset Core Plus Bond Fund Class I (WACPX) has a higher volatility of 1.67% compared to Fidelity Total Bond Fund (FTBFX) at 1.55%. This indicates that WACPX's price experiences larger fluctuations and is considered to be riskier than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.