WACPX vs. FXNAX
Compare and contrast key facts about Western Asset Core Plus Bond Fund Class I (WACPX) and Fidelity U.S. Bond Index Fund (FXNAX).
WACPX is managed by Franklin Templeton. It was launched on Jul 8, 1998. FXNAX is managed by Fidelity.
Performance
WACPX vs. FXNAX - Performance Comparison
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WACPX vs. FXNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WACPX Western Asset Core Plus Bond Fund Class I | -0.86% | 7.99% | -0.77% | 7.51% | -18.79% | -2.24% | 9.42% | 12.29% | -1.47% | 7.10% |
FXNAX Fidelity U.S. Bond Index Fund | -0.26% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 3.50% |
Returns By Period
In the year-to-date period, WACPX achieves a -0.86% return, which is significantly lower than FXNAX's -0.26% return. Over the past 10 years, WACPX has outperformed FXNAX with an annualized return of 1.85%, while FXNAX has yielded a comparatively lower 1.54% annualized return.
WACPX
- 1D
- 0.33%
- 1M
- -2.23%
- YTD
- -0.86%
- 6M
- -0.01%
- 1Y
- 3.64%
- 3Y*
- 3.37%
- 5Y*
- -1.04%
- 10Y*
- 1.85%
FXNAX
- 1D
- 0.19%
- 1M
- -1.60%
- YTD
- -0.26%
- 6M
- 0.47%
- 1Y
- 3.69%
- 3Y*
- 3.52%
- 5Y*
- 0.10%
- 10Y*
- 1.54%
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WACPX vs. FXNAX - Expense Ratio Comparison
WACPX has a 0.45% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Return for Risk
WACPX vs. FXNAX — Risk / Return Rank
WACPX
FXNAX
WACPX vs. FXNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Core Plus Bond Fund Class I (WACPX) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
| WACPX | FXNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.93 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.33 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.66 | -0.44 |
Martin ratioReturn relative to average drawdown | 4.12 | 4.68 | -0.56 |
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
| WACPX | FXNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.93 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.02 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.31 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.45 | +0.45 |
Correlation
The correlation between WACPX and FXNAX is 0.89, 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
WACPX vs. FXNAX - Dividend Comparison
WACPX's dividend yield for the trailing twelve months is around 4.38%, more than FXNAX's 3.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WACPX Western Asset Core Plus Bond Fund Class I | 4.38% | 4.70% | 4.80% | 4.88% | 3.46% | 2.99% | 4.12% | 4.98% | 4.01% | 3.30% | 4.77% | 3.19% |
FXNAX Fidelity U.S. Bond Index Fund | 3.34% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
Drawdowns
WACPX vs. FXNAX - Drawdown Comparison
The maximum WACPX drawdown since its inception was -25.86%, which is greater than FXNAX's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for WACPX and FXNAX.
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Drawdown Indicators
| WACPX | FXNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.86% | -19.51% | -6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -2.71% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -18.54% | -6.92% |
Max Drawdown (10Y)Largest decline over 10 years | -25.86% | -19.51% | -6.35% |
Current DrawdownCurrent decline from peak | -9.33% | -3.53% | -5.80% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -3.87% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.96% | +0.10% |
Volatility
WACPX vs. FXNAX - Volatility Comparison
Western Asset Core Plus Bond Fund Class I (WACPX) has a higher volatility of 1.75% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.55%. This indicates that WACPX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WACPX | FXNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.55% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.58% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 4.35% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 6.04% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 4.99% | +1.16% |