WDI vs. NWXHX
WDI (Western Asset Diversified Income Fund) and NWXHX (Nationwide Amundi Strategic Income Fund) are both Multisector Bonds funds. Over the past 5 years, WDI returned 2.79%/yr vs 6.64%/yr for NWXHX. Their 0.08 correlation means their historical movements had little consistent relationship. WDI charges 1.73%/yr vs 0.61%/yr for NWXHX.
Performance
WDI vs. NWXHX - Performance Comparison
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Returns By Period
In the year-to-date period, WDI achieves a 1.31% return, which is significantly lower than NWXHX's 2.57% return.
WDI
- 1D
- 0.23%
- 1M
- -3.24%
- 6M
- 0.65%
- YTD
- 1.31%
- 1Y
- -0.43%
- 3Y*
- 11.36%
- 5Y*
- 2.79%
- 10Y*
- —
- ALL TIME*
- 2.89%
NWXHX
- 1D
- 0.10%
- 1M
- 0.00%
- 6M
- 1.77%
- YTD
- 2.57%
- 1Y
- 5.61%
- 3Y*
- 7.95%
- 5Y*
- 6.64%
- 10Y*
- 6.55%
- ALL TIME*
- 6.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.64M | $2.38M | $2.43M |
WDI vs. NWXHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WDI Western Asset Diversified Income Fund | 1.31% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
NWXHX Nationwide Amundi Strategic Income Fund | 2.57% | 7.36% | 9.76% | 9.39% | 3.56% | 0.74% |
Correlation
The correlation between WDI and NWXHX is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.08 |
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Return for Risk
WDI vs. NWXHX — Risk / Return Rank
WDI
NWXHX
WDI vs. NWXHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Diversified Income Fund (WDI) and Nationwide Amundi Strategic Income Fund (NWXHX). 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.
| WDI | NWXHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.85 | ||
| Sortino ratioReturn per unit of downside risk | -8.49 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 2.43 | -1.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 13.86 | -13.90 |
| Martin ratioReturn relative to average drawdown | -0.08 | 46.17 | -46.25 |
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Drawdowns
WDI vs. NWXHX - Drawdown Comparison
The maximum WDI drawdown since its inception was -32.45%, which is greater than NWXHX's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for WDI and NWXHX.
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Drawdown Indicators
| WDI | NWXHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -22.96% | -9.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -0.41% | -8.06% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -1.99% | -12.15% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -5.52% | -26.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.96% | — |
Current DrawdownCurrent decline from peak | -3.87% | -0.10% | -3.77% |
Average DrawdownAverage peak-to-trough decline | -10.16% | -1.03% | -9.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 0.12% | +3.41% |
Volatility
WDI vs. NWXHX - Volatility Comparison
Western Asset Diversified Income Fund (WDI) has a higher volatility of 2.97% compared to Nationwide Amundi Strategic Income Fund (NWXHX) at 0.32%. This indicates that WDI's price experiences larger fluctuations and is considered to be riskier than NWXHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDI | NWXHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 0.32% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 0.91% | +7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 1.17% | +8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.00% | 3.69% | +9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.88% | 4.40% | +8.48% |
WDI vs. NWXHX - Expense Ratio Comparison
WDI has a 1.73% expense ratio, which is higher than NWXHX's 0.61% expense ratio.
Dividends
WDI vs. NWXHX - Dividend Comparison
WDI's dividend yield for the trailing twelve months is around 13.60%, more than NWXHX's 5.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NWXHX Nationwide Amundi Strategic Income Fund | 5.27% | 5.19% | 5.09% | 4.57% | 16.34% | 4.20% | 4.92% | 3.94% | 4.59% | 8.67% | 7.55% |
WDI Western Asset Diversified Income Fund | 13.60% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDI and NWXHX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDI has higher volatility (2.97%) compared to NWXHX (0.32%). In terms of maximum drawdown, WDI dropped -32.45% vs NWXHX's -22.96%.
NWXHX currently has the higher Sharpe Ratio (4.82 vs -0.03), 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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