WATIX vs. ABNDX
WATIX (Western Asset Intermediate Bond Fund) and ABNDX (The Bond Fund of America Class A) are both Intermediate Core Bond funds. Over the past 10 years, WATIX returned 1.65%/yr vs 1.41%/yr for ABNDX. Their correlation of 0.81 means they have usually moved in the same direction. WATIX charges 0.56%/yr vs 0.59%/yr for ABNDX.
Performance
WATIX vs. ABNDX - Performance Comparison
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Returns By Period
In the year-to-date period, WATIX achieves a -0.79% return, which is significantly higher than ABNDX's -1.08% return. Over the past 10 years, WATIX has outperformed ABNDX with an annualized return of 1.65%, while ABNDX has yielded a comparatively lower 1.41% annualized return.
WATIX
- 1D
- -0.21%
- 1M
- -0.92%
- 6M
- -0.83%
- YTD
- -0.79%
- 1Y
- 1.32%
- 3Y*
- 3.83%
- 5Y*
- -0.09%
- 10Y*
- 1.65%
- ALL TIME*
- 11.56%
ABNDX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -1.14%
- YTD
- -1.08%
- 1Y
- 1.34%
- 3Y*
- 3.38%
- 5Y*
- -0.81%
- 10Y*
- 1.41%
- ALL TIME*
- 4.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WATIX vs. ABNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WATIX Western Asset Intermediate Bond Fund | -0.79% | 7.35% | 2.10% | 5.54% | -11.83% | -2.15% | 7.33% | 8.06% | 0.21% | 4.02% |
ABNDX The Bond Fund of America Class A | -1.08% | 7.16% | 1.17% | 4.34% | -13.24% | -1.33% | 10.72% | 7.83% | -0.12% | 3.21% |
Correlation
The correlation between WATIX and ABNDX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1994 | 0.81 |
The correlation between WATIX and ABNDX shifts across timeframes, from 0.81 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
WATIX vs. ABNDX — Risk / Return Rank
WATIX
ABNDX
WATIX vs. ABNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Intermediate Bond Fund (WATIX) and The Bond Fund of America Class A (ABNDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WATIX | ABNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.84 | +0.02 |
| Martin ratioReturn relative to average drawdown | 2.21 | 2.03 | +0.18 |
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Drawdowns
WATIX vs. ABNDX - Drawdown Comparison
The maximum WATIX drawdown since its inception was -16.72%, smaller than the maximum ABNDX drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for WATIX and ABNDX.
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Drawdown Indicators
| WATIX | ABNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.72% | -18.18% | +1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.13% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -3.59% | -5.15% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -16.23% | -18.14% | +1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -16.72% | -18.18% | +1.46% |
Current DrawdownCurrent decline from peak | -1.83% | -4.20% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -3.22% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.29% | -0.36% |
Volatility
WATIX vs. ABNDX - Volatility Comparison
The current volatility for Western Asset Intermediate Bond Fund (WATIX) is 0.68%, while The Bond Fund of America Class A (ABNDX) has a volatility of 0.95%. This indicates that WATIX experiences smaller price fluctuations and is considered to be less risky than ABNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WATIX | ABNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.95% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 3.01% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 3.79% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.53% | 5.96% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 4.89% | -1.09% |
WATIX vs. ABNDX - Expense Ratio Comparison
WATIX has a 0.56% expense ratio, which is lower than ABNDX's 0.59% expense ratio.
Dividends
WATIX vs. ABNDX - Dividend Comparison
WATIX's dividend yield for the trailing twelve months is around 3.42%, less than ABNDX's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNDX The Bond Fund of America Class A | 3.83% | 4.13% | 4.30% | 3.24% | 2.17% | 1.62% | 5.03% | 3.49% | 2.38% | 1.84% | 1.77% | 2.00% |
WATIX Western Asset Intermediate Bond Fund | 3.42% | 3.86% | 3.02% | 3.04% | 2.11% | 1.88% | 4.88% | 3.23% | 2.80% | 2.37% | 4.30% | 3.18% |
Frequently Asked Questions
With a correlation of 0.91, WATIX and ABNDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ABNDX has higher volatility (0.95%) compared to WATIX (0.68%). In terms of maximum drawdown, WATIX dropped -16.72% vs ABNDX's -18.18%.
WATIX currently has the higher Sharpe Ratio (0.70 vs 0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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