WACPX vs. SHY
Compare and contrast key facts about Western Asset Core Plus Bond Fund Class I (WACPX) and iShares 1-3 Year Treasury Bond ETF (SHY).
WACPX is managed by Franklin Templeton. It was launched on Jul 8, 1998. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Performance
WACPX vs. SHY - Performance Comparison
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WACPX vs. SHY - 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% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.26% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Returns By Period
In the year-to-date period, WACPX achieves a -0.86% return, which is significantly lower than SHY's 0.26% return. Over the past 10 years, WACPX has outperformed SHY with an annualized return of 1.85%, while SHY has yielded a comparatively lower 1.65% 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%
SHY
- 1D
- -0.00%
- 1M
- -0.29%
- YTD
- 0.26%
- 6M
- 1.22%
- 1Y
- 3.57%
- 3Y*
- 3.88%
- 5Y*
- 1.70%
- 10Y*
- 1.65%
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WACPX vs. SHY - Expense Ratio Comparison
WACPX has a 0.45% expense ratio, which is higher than SHY's 0.15% expense ratio.
Return for Risk
WACPX vs. SHY — Risk / Return Rank
WACPX
SHY
WACPX vs. SHY - 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 iShares 1-3 Year Treasury Bond ETF (SHY). 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 | SHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 2.48 | -1.65 |
Sortino ratioReturn per unit of downside risk | 1.20 | 4.07 | -2.88 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.52 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 4.06 | -2.85 |
Martin ratioReturn relative to average drawdown | 4.12 | 15.56 | -11.44 |
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 | SHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 2.48 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.87 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 1.06 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.29 | -0.38 |
Correlation
The correlation between WACPX and SHY is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
WACPX vs. SHY - Dividend Comparison
WACPX's dividend yield for the trailing twelve months is around 4.38%, more than SHY's 3.72% 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% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.72% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Drawdowns
WACPX vs. SHY - Drawdown Comparison
The maximum WACPX drawdown since its inception was -25.86%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for WACPX and SHY.
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Drawdown Indicators
| WACPX | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.86% | -5.71% | -20.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -0.89% | -2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -5.71% | -19.75% |
Max Drawdown (10Y)Largest decline over 10 years | -25.86% | -5.71% | -20.15% |
Current DrawdownCurrent decline from peak | -9.33% | -0.47% | -8.86% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -0.52% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.23% | +0.83% |
Volatility
WACPX vs. SHY - Volatility Comparison
Western Asset Core Plus Bond Fund Class I (WACPX) has a higher volatility of 1.75% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.58%. This indicates that WACPX's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WACPX | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 0.58% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 0.89% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 1.45% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 1.97% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 1.56% | +4.59% |