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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WACPX or SHY.
Key characteristics
| WACPX | SHY | |
|---|---|---|
| YTD Return | 0.69% | 3.34% |
| 1Y Return | 10.08% | 5.35% |
| 3Y Return (Ann) | -4.74% | 1.02% |
| 5Y Return (Ann) | -1.58% | 1.22% |
| 10Y Return (Ann) | 1.23% | 1.20% |
| Sharpe Ratio | 1.23 | 2.71 |
| Sortino Ratio | 1.79 | 4.36 |
| Omega Ratio | 1.22 | 1.57 |
| Calmar Ratio | 0.38 | 2.04 |
| Martin Ratio | 4.03 | 15.00 |
| Ulcer Index | 2.20% | 0.35% |
| Daily Std Dev | 7.19% | 1.92% |
| Max Drawdown | -26.54% | -5.71% |
| Current Drawdown | -15.40% | -0.80% |
Correlation
The correlation between WACPX and SHY is 0.59, 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.
Performance
WACPX vs. SHY - Performance Comparison
In the year-to-date period, WACPX achieves a 0.69% return, which is significantly lower than SHY's 3.34% return. Both investments have delivered pretty close results over the past 10 years, with WACPX having a 1.23% annualized return and SHY not far behind at 1.20%. 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. SHY - Expense Ratio Comparison
WACPX has a 0.45% expense ratio, which is higher than SHY's 0.15% expense ratio.
Risk-Adjusted Performance
WACPX vs. SHY - 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 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.
Dividends
WACPX vs. SHY - Dividend Comparison
WACPX's dividend yield for the trailing twelve months is around 4.64%, more than SHY's 3.86% 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% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.86% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
Drawdowns
WACPX vs. SHY - Drawdown Comparison
The maximum WACPX drawdown since its inception was -26.54%, 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. For additional features, visit the drawdowns tool.
Volatility
WACPX vs. SHY - Volatility Comparison
Western Asset Core Plus Bond Fund Class I (WACPX) has a higher volatility of 1.67% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.36%. 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.