WDI vs. JMSIX

Last updated Jun 3, 2026

WDI (Western Asset Diversified Income Fund) and JMSIX (JPMorgan Income Fund) are both Multisector Bonds funds. Over the past 3 years, WDI returned 13.90%/yr vs 7.08%/yr for JMSIX. At a 0.34 correlation, their price movements are largely independent. WDI charges 1.73%/yr vs 0.40%/yr for JMSIX.

Performance

WDI vs. JMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Western Asset Diversified Income Fund (WDI) and JPMorgan Income Fund (JMSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WDI achieves a 2.19% return, which is significantly higher than JMSIX's 1.23% return.

WDI

• 1D: -0.88%
• 1M: -2.91%
• YTD: 2.19%
• 6M: 0.72%
• 1Y: 4.06%
• 3Y*: 13.90%
• 5Y*: —
• 10Y*: —

JMSIX

• 1D: -0.12%
• 1M: 0.15%
• YTD: 1.23%
• 6M: 1.73%
• 1Y: 5.68%
• 3Y*: 7.08%
• 5Y*: 2.76%
• 10Y*: 3.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WDI vs. JMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WDI Western Asset Diversified Income Fund	2.19%	10.64%	13.88%	25.11%	-23.30%	-5.66%
JMSIX JPMorgan Income Fund	1.23%	7.68%	7.78%	6.14%	-8.24%	0.36%

Correlation

The correlation between WDI and JMSIX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 28, 2021	0.34

Return for Risk

WDI vs. JMSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WDI

WDI Risk / Return Rank: 5
WDI Sharpe Ratio Rank: 5
WDI Sortino Ratio Rank: 5
WDI Omega Ratio Rank: 5
WDI Calmar Ratio Rank: 5
WDI Martin Ratio Rank: 5

JMSIX

JMSIX Risk / Return Rank: 80
JMSIX Sharpe Ratio Rank: 58
JMSIX Sortino Ratio Rank: 90
JMSIX Omega Ratio Rank: 86
JMSIX Calmar Ratio Rank: 82
JMSIX Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WDI vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Western Asset Diversified Income Fund (WDI) and JPMorgan Income Fund (JMSIX). 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	JMSIX	Difference
Sharpe ratio Return per unit of total volatility	0.44	2.25	-1.81
Sortino ratio Return per unit of downside risk	0.67	4.44	-3.77
Omega ratio Gain probability vs. loss probability	1.08	1.59	-0.50
Calmar ratio Return relative to maximum drawdown	0.49	3.82	-3.33
Martin ratio Return relative to average drawdown	1.25	15.88	-14.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDI vs. JMSIX - Sharpe Ratio Comparison

The current WDI Sharpe Ratio is 0.44, which is lower than the JMSIX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of WDI and JMSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WDI	JMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	2.25	-1.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.79	-0.54

Drawdowns

WDI vs. JMSIX - Drawdown Comparison

The maximum WDI drawdown since its inception was -32.45%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for WDI and JMSIX.

Drawdown Indicators

	WDI	JMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.45%	-18.40%	-14.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.47%	-1.62%	-6.85%
Max Drawdown (3Y) Largest decline over 3 years	-14.14%	-2.31%	-11.83%
Max Drawdown (5Y) Largest decline over 5 years	—	-11.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.40%	—
Current Drawdown Current decline from peak	-2.91%	-0.12%	-2.79%
Average Drawdown Average peak-to-trough decline	-10.42%	-2.57%	-7.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	0.39%	+2.92%

Volatility

WDI vs. JMSIX - Volatility Comparison

Western Asset Diversified Income Fund (WDI) has a higher volatility of 3.56% compared to JPMorgan Income Fund (JMSIX) at 0.81%. This indicates that WDI's price experiences larger fluctuations and is considered to be riskier than JMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDI	JMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	0.81%	+2.75%
Volatility (6M) Calculated over the trailing 6-month period	7.69%	1.94%	+5.75%
Volatility (1Y) Calculated over the trailing 1-year period	9.28%	2.54%	+6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.98%	3.73%	+9.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.98%	3.87%	+9.11%

WDI vs. JMSIX - Expense Ratio Comparison

WDI has a 1.73% expense ratio, which is higher than JMSIX's 0.40% expense ratio.

Dividends

WDI vs. JMSIX - Dividend Comparison

WDI's dividend yield for the trailing twelve months is around 13.19%, more than JMSIX's 6.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JMSIX JPMorgan Income Fund	6.03%	5.95%	5.78%	4.43%	4.78%	4.00%	4.95%	5.10%	5.43%	5.42%	0.46%
WDI Western Asset Diversified Income Fund	13.19%	13.98%	12.32%	11.45%	11.40%	3.19%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WDI and JMSIX in my portfolio?

WDI and JMSIX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WDI or JMSIX?

WDI has higher volatility (3.56%) compared to JMSIX (0.81%). In terms of maximum drawdown, WDI dropped -32.45% vs JMSIX's -18.40%.

Which has better risk-adjusted returns?

JMSIX currently has the higher Sharpe Ratio (2.25 vs 0.44), 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.