WACPX vs. SDGIX
Compare and contrast key facts about Western Asset Core Plus Bond Fund Class I (WACPX) and BNY Mellon Global Fixed Income Fund (SDGIX).
WACPX is managed by Franklin Templeton. It was launched on Jul 8, 1998. SDGIX is managed by Dreyfus. It was launched on Dec 30, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WACPX or SDGIX.
Key characteristics
| WACPX | SDGIX | |
|---|---|---|
| YTD Return | 4.13% | 6.32% |
| 1Y Return | 11.23% | 12.40% |
| 3Y Return (Ann) | -3.76% | 0.89% |
| 5Y Return (Ann) | -0.18% | 2.06% |
| 10Y Return (Ann) | 2.18% | 2.64% |
| Sharpe Ratio | 1.33 | 2.83 |
| Daily Std Dev | 8.17% | 4.29% |
| Max Drawdown | -25.58% | -14.53% |
| Current Drawdown | -11.38% | 0.00% |
Correlation
The correlation between WACPX and SDGIX is 0.70, 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. SDGIX - Performance Comparison
In the year-to-date period, WACPX achieves a 4.13% return, which is significantly lower than SDGIX's 6.32% return. Over the past 10 years, WACPX has underperformed SDGIX with an annualized return of 2.18%, while SDGIX has yielded a comparatively higher 2.64% 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. SDGIX - Expense Ratio Comparison
WACPX has a 0.45% expense ratio, which is lower than SDGIX's 0.53% expense ratio.
Risk-Adjusted Performance
WACPX vs. SDGIX - 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 BNY Mellon Global Fixed Income Fund (SDGIX). 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. SDGIX - Dividend Comparison
WACPX's dividend yield for the trailing twelve months is around 4.44%, more than SDGIX's 2.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WACPX Western Asset Core Plus Bond Fund Class I | 4.44% | 4.23% | 3.48% | 3.35% | 4.12% | 5.01% | 4.04% | 3.31% | 4.77% | 3.18% | 3.45% | 3.21% |
SDGIX BNY Mellon Global Fixed Income Fund | 2.19% | 1.82% | 4.51% | 5.64% | 2.45% | 0.49% | 4.02% | 2.75% | 2.41% | 2.83% | 5.11% | 3.32% |
Drawdowns
WACPX vs. SDGIX - Drawdown Comparison
The maximum WACPX drawdown since its inception was -25.58%, which is greater than SDGIX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for WACPX and SDGIX. For additional features, visit the drawdowns tool.
Volatility
WACPX vs. SDGIX - Volatility Comparison
Western Asset Core Plus Bond Fund Class I (WACPX) has a higher volatility of 1.11% compared to BNY Mellon Global Fixed Income Fund (SDGIX) at 0.76%. This indicates that WACPX's price experiences larger fluctuations and is considered to be riskier than SDGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.