WATFX vs. AGG
Compare and contrast key facts about Western Asset Core Bond Fund (WATFX) and iShares Core U.S. Aggregate Bond ETF (AGG).
WATFX is managed by Franklin Templeton. It was launched on Sep 4, 1990. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WATFX or AGG.
Key characteristics
| WATFX | AGG | |
|---|---|---|
| YTD Return | 1.46% | 2.47% |
| 1Y Return | 8.47% | 8.21% |
| 3Y Return (Ann) | -3.89% | -2.17% |
| 5Y Return (Ann) | -1.12% | 0.06% |
| 10Y Return (Ann) | 1.38% | 1.54% |
| Sharpe Ratio | 1.35 | 1.43 |
| Sortino Ratio | 1.99 | 2.10 |
| Omega Ratio | 1.24 | 1.25 |
| Calmar Ratio | 0.12 | 0.55 |
| Martin Ratio | 4.66 | 5.25 |
| Ulcer Index | 1.91% | 1.63% |
| Daily Std Dev | 6.61% | 5.99% |
| Max Drawdown | -90.39% | -18.43% |
| Current Drawdown | -75.28% | -7.89% |
Correlation
The correlation between WATFX and AGG is 0.79, 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
WATFX vs. AGG - Performance Comparison
In the year-to-date period, WATFX achieves a 1.46% return, which is significantly lower than AGG's 2.47% return. Over the past 10 years, WATFX has underperformed AGG with an annualized return of 1.38%, while AGG has yielded a comparatively higher 1.54% 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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WATFX vs. AGG - Expense Ratio Comparison
WATFX has a 0.46% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
WATFX vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Core Bond Fund (WATFX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
WATFX vs. AGG - Dividend Comparison
WATFX's dividend yield for the trailing twelve months is around 4.08%, more than AGG's 3.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WATFX Western Asset Core Bond Fund | 4.08% | 3.70% | 2.91% | 2.05% | 2.38% | 2.96% | 2.93% | 2.35% | 2.54% | 2.73% | 2.94% | 2.83% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.93% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
WATFX vs. AGG - Drawdown Comparison
The maximum WATFX drawdown since its inception was -90.39%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for WATFX and AGG. For additional features, visit the drawdowns tool.
Volatility
WATFX vs. AGG - Volatility Comparison
Western Asset Core Bond Fund (WATFX) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.74% and 1.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.