WACPX vs. FXAIX
Compare and contrast key facts about Western Asset Core Plus Bond Fund Class I (WACPX) and Fidelity 500 Index Fund (FXAIX).
WACPX is managed by Franklin Templeton. It was launched on Jul 8, 1998. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WACPX or FXAIX.
Key characteristics
| WACPX | FXAIX | |
|---|---|---|
| YTD Return | 0.69% | 27.16% |
| 1Y Return | 10.08% | 39.89% |
| 3Y Return (Ann) | -4.74% | 10.29% |
| 5Y Return (Ann) | -1.58% | 16.01% |
| 10Y Return (Ann) | 1.23% | 13.33% |
| Sharpe Ratio | 1.23 | 3.13 |
| Sortino Ratio | 1.79 | 4.16 |
| Omega Ratio | 1.22 | 1.59 |
| Calmar Ratio | 0.38 | 4.59 |
| Martin Ratio | 4.03 | 20.80 |
| Ulcer Index | 2.20% | 1.86% |
| Daily Std Dev | 7.19% | 12.39% |
| Max Drawdown | -26.54% | -33.79% |
| Current Drawdown | -15.40% | 0.00% |
Correlation
The correlation between WACPX and FXAIX is 0.00, 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
WACPX vs. FXAIX - Performance Comparison
In the year-to-date period, WACPX achieves a 0.69% return, which is significantly lower than FXAIX's 27.16% return. Over the past 10 years, WACPX has underperformed FXAIX with an annualized return of 1.23%, while FXAIX has yielded a comparatively higher 13.33% 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. FXAIX - Expense Ratio Comparison
WACPX has a 0.45% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
WACPX vs. FXAIX - 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 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
WACPX's dividend yield for the trailing twelve months is around 4.64%, more than FXAIX's 1.21% 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% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
WACPX vs. FXAIX - Drawdown Comparison
The maximum WACPX drawdown since its inception was -26.54%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for WACPX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
WACPX vs. FXAIX - Volatility Comparison
The current volatility for Western Asset Core Plus Bond Fund Class I (WACPX) is 1.67%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.91%. This indicates that WACPX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.