WDI vs. PFFA
WDI (Western Asset Diversified Income Fund) and PFFA (Virtus InfraCap U.S. Preferred Stock ETF) are both funds - WDI is a Multisector Bonds fund managed by Franklin Templeton, while PFFA is a Preferred Stock fund actively managed by Virtus. Over the past 5 years, WDI returned 2.57%/yr vs 5.61%/yr for PFFA. Their 0.40 correlation means their historical movements had little consistent relationship. WDI charges 1.73%/yr vs 1.47%/yr for PFFA.
Performance
WDI vs. PFFA - Performance Comparison
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Returns By Period
In the year-to-date period, WDI achieves a 0.85% return, which is significantly lower than PFFA's 1.89% return.
WDI
- 1D
- -0.46%
- 1M
- -3.68%
- 6M
- -0.09%
- YTD
- 0.85%
- 1Y
- -0.88%
- 3Y*
- 10.92%
- 5Y*
- 2.57%
- 10Y*
- —
- ALL TIME*
- 2.79%
PFFA
- 1D
- 0.68%
- 1M
- 0.64%
- 6M
- 0.25%
- YTD
- 1.89%
- 1Y
- 6.74%
- 3Y*
- 11.90%
- 5Y*
- 5.61%
- 10Y*
- —
- ALL TIME*
- 7.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.43M | $17.09M | $20.18M | |
| $2.79M | $2.54M | $2.49M |
WDI vs. PFFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WDI Western Asset Diversified Income Fund | 0.85% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 1.89% | 8.22% | 16.11% | 26.45% | -20.91% | 4.58% |
Correlation
The correlation between WDI and PFFA is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.40 |
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Return for Risk
WDI vs. PFFA — Risk / Return Rank
WDI
PFFA
WDI vs. PFFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Diversified Income Fund (WDI) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). 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 | PFFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 1.04 | -1.15 |
| Martin ratioReturn relative to average drawdown | -0.25 | 3.00 | -3.25 |
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Drawdowns
WDI vs. PFFA - Drawdown Comparison
The maximum WDI drawdown since its inception was -32.45%, smaller than the maximum PFFA drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for WDI and PFFA.
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Drawdown Indicators
| WDI | PFFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -70.52% | +38.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -6.49% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -12.15% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -22.70% | -9.75% |
Current DrawdownCurrent decline from peak | -4.31% | -2.63% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -10.16% | -6.57% | -3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.25% | +1.29% |
Volatility
WDI vs. PFFA - Volatility Comparison
Western Asset Diversified Income Fund (WDI) has a higher volatility of 2.96% compared to Virtus InfraCap U.S. Preferred Stock ETF (PFFA) at 2.42%. This indicates that WDI's price experiences larger fluctuations and is considered to be riskier than PFFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDI | PFFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 2.42% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 6.50% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.75% | 7.63% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.99% | 11.60% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.88% | 31.54% | -18.66% |
WDI vs. PFFA - Expense Ratio Comparison
WDI has a 1.73% expense ratio, which is higher than PFFA's 1.47% expense ratio.
Dividends
WDI vs. PFFA - Dividend Comparison
WDI's dividend yield for the trailing twelve months is around 13.67%, more than PFFA's 9.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 9.92% | 9.47% | 9.18% | 9.56% | 10.75% | 7.64% | 8.54% | 10.02% | 5.15% |
WDI Western Asset Diversified Income Fund | 13.67% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDI and PFFA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDI has higher volatility (2.96%) compared to PFFA (2.42%). In terms of maximum drawdown, WDI dropped -32.45% vs PFFA's -70.52%.
PFFA currently has the higher Sharpe Ratio (0.89 vs -0.09), 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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