WATIX vs. WOBDX
WATIX (Western Asset Intermediate Bond Fund) and WOBDX (JPMorgan Core Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, WATIX returned 1.78%/yr vs 1.83%/yr for WOBDX. Their correlation of 0.84 suggests significant overlap in exposure. WATIX charges 0.56%/yr vs 0.50%/yr for WOBDX.
Performance
WATIX vs. WOBDX - Performance Comparison
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Returns By Period
In the year-to-date period, WATIX achieves a -0.53% return, which is significantly lower than WOBDX's 0.25% return. Both investments have delivered pretty close results over the past 10 years, with WATIX having a 1.78% annualized return and WOBDX not far ahead at 1.83%.
WATIX
- 1D
- -0.21%
- 1M
- 0.16%
- YTD
- -0.53%
- 6M
- -0.07%
- 1Y
- 3.06%
- 3Y*
- 3.94%
- 5Y*
- 0.18%
- 10Y*
- 1.78%
WOBDX
- 1D
- -0.29%
- 1M
- 0.54%
- YTD
- 0.25%
- 6M
- 0.30%
- 1Y
- 4.11%
- 3Y*
- 4.11%
- 5Y*
- 0.37%
- 10Y*
- 1.83%
WATIX vs. WOBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WATIX Western Asset Intermediate Bond Fund | -0.53% | 7.35% | 2.10% | 5.54% | -11.83% | -2.15% | 7.33% | 8.06% | 0.21% | 4.02% |
WOBDX JPMorgan Core Bond Fund | 0.25% | 7.38% | 1.97% | 5.79% | -12.35% | -1.11% | 8.13% | 8.34% | 0.20% | 3.81% |
Correlation
The correlation between WATIX and WOBDX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1994 | 0.84 |
The correlation between WATIX and WOBDX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
WATIX vs. WOBDX — Risk / Return Rank
WATIX
WOBDX
WATIX vs. WOBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Intermediate Bond Fund (WATIX) and JPMorgan Core Bond Fund (WOBDX). 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 | WOBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.45 | -0.08 |
| Martin ratioReturn relative to average drawdown | 4.06 | 4.04 | +0.02 |
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Drawdowns
WATIX vs. WOBDX - Drawdown Comparison
The maximum WATIX drawdown since its inception was -16.72%, roughly equal to the maximum WOBDX drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for WATIX and WOBDX.
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Drawdown Indicators
| WATIX | WOBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.72% | -16.65% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -2.99% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -5.96% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.35% | -16.65% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -16.72% | -16.65% | -0.07% |
Current DrawdownCurrent decline from peak | -1.57% | -1.80% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -1.90% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.07% | -0.26% |
Volatility
WATIX vs. WOBDX - Volatility Comparison
Western Asset Intermediate Bond Fund (WATIX) and JPMorgan Core Bond Fund (WOBDX) have volatilities of 1.02% and 1.07%, 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.
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Volatility by Period
| WATIX | WOBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.07% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.25% | 2.82% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 3.82% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 5.70% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 4.71% | -0.91% |
WATIX vs. WOBDX - Expense Ratio Comparison
WATIX has a 0.56% expense ratio, which is higher than WOBDX's 0.50% expense ratio.
Dividends
WATIX vs. WOBDX - Dividend Comparison
WATIX's dividend yield for the trailing twelve months is around 3.68%, less than WOBDX's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WATIX Western Asset Intermediate Bond Fund | 3.68% | 3.86% | 3.02% | 3.04% | 2.11% | 1.88% | 4.88% | 3.23% | 2.80% | 2.37% | 4.30% | 3.18% |
WOBDX JPMorgan Core Bond Fund | 4.07% | 3.97% | 3.95% | 3.51% | 2.68% | 2.82% | 4.00% | 3.23% | 2.91% | 2.88% | 2.84% | 2.54% |
Frequently Asked Questions
WATIX and WOBDX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WOBDX has higher volatility (1.07%) compared to WATIX (1.02%). In terms of maximum drawdown, WATIX dropped -16.72% vs WOBDX's -16.65%.
WOBDX currently has the higher Sharpe Ratio (1.14 vs 1.09), 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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