WATFX vs. BAGIX
Compare and contrast key facts about Western Asset Core Bond Fund (WATFX) and Baird Aggregate Bond Fund Class I (BAGIX).
WATFX is managed by Franklin Templeton. It was launched on Sep 4, 1990. BAGIX is managed by Baird. It was launched on Sep 29, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WATFX or BAGIX.
Key characteristics
| WATFX | BAGIX | |
|---|---|---|
| YTD Return | 0.69% | 2.66% |
| 1Y Return | 8.08% | 9.33% |
| 3Y Return (Ann) | -4.18% | -2.06% |
| 5Y Return (Ann) | -1.27% | 0.22% |
| 10Y Return (Ann) | 1.28% | 1.78% |
| Sharpe Ratio | 1.32 | 1.58 |
| Sortino Ratio | 1.95 | 2.33 |
| Omega Ratio | 1.24 | 1.29 |
| Calmar Ratio | 0.11 | 0.59 |
| Martin Ratio | 4.60 | 6.21 |
| Ulcer Index | 1.90% | 1.50% |
| Daily Std Dev | 6.60% | 5.90% |
| Max Drawdown | -90.39% | -19.44% |
| Current Drawdown | -75.46% | -7.67% |
Correlation
The correlation between WATFX and BAGIX is 0.85, 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. BAGIX - Performance Comparison
In the year-to-date period, WATFX achieves a 0.69% return, which is significantly lower than BAGIX's 2.66% return. Over the past 10 years, WATFX has underperformed BAGIX with an annualized return of 1.28%, while BAGIX has yielded a comparatively higher 1.78% 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. BAGIX - Expense Ratio Comparison
WATFX has a 0.46% expense ratio, which is higher than BAGIX's 0.30% expense ratio.
Risk-Adjusted Performance
WATFX vs. BAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Core Bond Fund (WATFX) and Baird Aggregate Bond Fund Class I (BAGIX). 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. BAGIX - Dividend Comparison
WATFX's dividend yield for the trailing twelve months is around 4.11%, more than BAGIX's 3.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WATFX Western Asset Core Bond Fund | 4.11% | 3.70% | 2.91% | 2.05% | 2.38% | 2.96% | 2.93% | 2.35% | 2.54% | 2.73% | 2.94% | 2.83% |
BAGIX Baird Aggregate Bond Fund Class I | 3.88% | 3.46% | 2.69% | 1.92% | 2.29% | 2.76% | 2.89% | 2.55% | 2.47% | 2.47% | 2.90% | 3.32% |
Drawdowns
WATFX vs. BAGIX - Drawdown Comparison
The maximum WATFX drawdown since its inception was -90.39%, which is greater than BAGIX's maximum drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for WATFX and BAGIX. For additional features, visit the drawdowns tool.
Volatility
WATFX vs. BAGIX - Volatility Comparison
Western Asset Core Bond Fund (WATFX) has a higher volatility of 1.53% compared to Baird Aggregate Bond Fund Class I (BAGIX) at 1.29%. This indicates that WATFX's price experiences larger fluctuations and is considered to be riskier than BAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.