WDI vs. FRIAX
Compare and contrast key facts about Western Asset Diversified Income Fund (WDI) and Franklin Income Fund Advisor Class (FRIAX).
WDI is managed by Franklin Templeton. It was launched on Jun 24, 2021. FRIAX is managed by Franklin Templeton. It was launched on Aug 28, 1997.
Performance
WDI vs. FRIAX - Performance Comparison
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WDI vs. FRIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WDI Western Asset Diversified Income Fund | -0.54% | 10.64% | 13.88% | 25.11% | -23.30% | -5.66% |
FRIAX Franklin Income Fund Advisor Class | 2.21% | 12.02% | 7.29% | 8.84% | -5.36% | 5.00% |
Returns By Period
In the year-to-date period, WDI achieves a -0.54% return, which is significantly lower than FRIAX's 2.21% return.
WDI
- 1D
- 2.91%
- 1M
- -2.77%
- YTD
- -0.54%
- 6M
- -2.65%
- 1Y
- 5.32%
- 3Y*
- 13.33%
- 5Y*
- —
- 10Y*
- —
FRIAX
- 1D
- 0.40%
- 1M
- -2.67%
- YTD
- 2.21%
- 6M
- 4.79%
- 1Y
- 11.92%
- 3Y*
- 9.16%
- 5Y*
- 6.70%
- 10Y*
- 7.73%
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WDI vs. FRIAX - Expense Ratio Comparison
WDI has a 1.73% expense ratio, which is higher than FRIAX's 0.46% expense ratio.
Return for Risk
WDI vs. FRIAX — Risk / Return Rank
WDI
FRIAX
WDI vs. FRIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Diversified Income Fund (WDI) and Franklin Income Fund Advisor Class (FRIAX). 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.
| WDI | FRIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 1.65 | -1.25 |
Sortino ratioReturn per unit of downside risk | 0.58 | 2.39 | -1.80 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 0.47 | 1.87 | -1.40 |
Martin ratioReturn relative to average drawdown | 1.49 | 9.19 | -7.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WDI | FRIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 1.65 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.79 | -0.59 |
Correlation
The correlation between WDI and FRIAX is 0.42, 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.
Dividends
WDI vs. FRIAX - Dividend Comparison
WDI's dividend yield for the trailing twelve months is around 13.26%, more than FRIAX's 5.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WDI Western Asset Diversified Income Fund | 13.26% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRIAX Franklin Income Fund Advisor Class | 5.75% | 5.75% | 5.74% | 5.67% | 5.24% | 6.70% | 5.37% | 5.25% | 5.80% | 5.20% | 4.92% | 5.93% |
Drawdowns
WDI vs. FRIAX - Drawdown Comparison
The maximum WDI drawdown since its inception was -32.45%, smaller than the maximum FRIAX drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for WDI and FRIAX.
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Drawdown Indicators
| WDI | FRIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -43.23% | +10.78% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -6.38% | -4.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.10% | — |
Current DrawdownCurrent decline from peak | -5.17% | -2.67% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -10.69% | -3.94% | -6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 1.30% | +2.23% |
Volatility
WDI vs. FRIAX - Volatility Comparison
Western Asset Diversified Income Fund (WDI) has a higher volatility of 4.92% compared to Franklin Income Fund Advisor Class (FRIAX) at 2.10%. This indicates that WDI's price experiences larger fluctuations and is considered to be riskier than FRIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDI | FRIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 2.10% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 3.83% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.14% | 7.55% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 8.03% | +5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.05% | 9.34% | +3.71% |