WDI vs. SPYI
Compare and contrast key facts about Western Asset Diversified Income Fund (WDI) and NEOS S&P 500 High Income ETF (SPYI).
WDI is managed by Franklin Templeton. It was launched on Jun 24, 2021. SPYI is an actively managed fund by Neos. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WDI or SPYI.
Correlation
The correlation between WDI and SPYI is 0.46, 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.
Performance
WDI vs. SPYI - Performance Comparison
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Key characteristics
WDI:
0.75
SPYI:
0.56
WDI:
1.09
SPYI:
0.92
WDI:
1.18
SPYI:
1.15
WDI:
0.80
SPYI:
0.60
WDI:
3.18
SPYI:
2.53
WDI:
3.57%
SPYI:
3.90%
WDI:
13.64%
SPYI:
16.97%
WDI:
-32.45%
SPYI:
-16.47%
WDI:
-3.80%
SPYI:
-5.73%
Returns By Period
In the year-to-date period, WDI achieves a 4.11% return, which is significantly higher than SPYI's -1.75% return.
WDI
4.11%
10.83%
-0.31%
10.57%
N/A
N/A
SPYI
-1.75%
7.27%
-2.80%
9.43%
N/A
N/A
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WDI vs. SPYI - Expense Ratio Comparison
WDI has a 1.73% expense ratio, which is higher than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
WDI vs. SPYI — Risk-Adjusted Performance Rank
WDI
SPYI
WDI vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Diversified Income Fund (WDI) and NEOS S&P 500 High Income ETF (SPYI). 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.
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Dividends
WDI vs. SPYI - Dividend Comparison
WDI's dividend yield for the trailing twelve months is around 12.52%, less than SPYI's 12.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
WDI Western Asset Diversified Income Fund | 12.52% | 12.36% | 11.45% | 11.40% | 3.19% |
SPYI NEOS S&P 500 High Income ETF | 12.81% | 12.04% | 12.01% | 4.10% | 0.00% |
Drawdowns
WDI vs. SPYI - Drawdown Comparison
The maximum WDI drawdown since its inception was -32.45%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for WDI and SPYI. For additional features, visit the drawdowns tool.
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Volatility
WDI vs. SPYI - Volatility Comparison
The current volatility for Western Asset Diversified Income Fund (WDI) is 5.34%, while NEOS S&P 500 High Income ETF (SPYI) has a volatility of 6.51%. This indicates that WDI experiences smaller price fluctuations and is considered to be less risky than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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