WDI vs. TRIN
WDI (Western Asset Diversified Income Fund) is Multisector Bonds fund managed by Franklin Templeton, while TRIN (Trinity Capital Inc.) is a stock. Over the past 5 years, WDI returned 2.79%/yr vs 20.06%/yr for TRIN. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
WDI vs. TRIN - 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 TRIN's 28.98% 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%
TRIN
- 1D
- 0.80%
- 1M
- -0.39%
- 6M
- 11.09%
- YTD
- 28.98%
- 1Y
- 35.54%
- 3Y*
- 22.53%
- 5Y*
- 20.06%
- 10Y*
- —
- ALL TIME*
- 19.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.13M | $17.31M | $18.09M | |
| $2.64M | $2.38M | $2.43M |
WDI vs. TRIN - 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% |
TRIN Trinity Capital Inc. | 28.98% | 16.01% | 14.83% | 53.97% | -26.60% | 29.72% |
Correlation
The correlation between WDI and TRIN is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.28 |
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Return for Risk
WDI vs. TRIN — Risk / Return Rank
WDI
TRIN
WDI vs. TRIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Diversified Income Fund (WDI) and Trinity Capital Inc. (TRIN). 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 | TRIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.29 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.33 | -2.37 |
| Martin ratioReturn relative to average drawdown | -0.08 | 5.84 | -5.92 |
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Drawdowns
WDI vs. TRIN - Drawdown Comparison
The maximum WDI drawdown since its inception was -32.45%, smaller than the maximum TRIN drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for WDI and TRIN.
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Drawdown Indicators
| WDI | TRIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -43.12% | +10.67% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -14.99% | +6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -15.58% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -43.12% | +10.67% |
Current DrawdownCurrent decline from peak | -3.87% | -2.12% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -10.16% | -8.73% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 5.98% | -2.45% |
Volatility
WDI vs. TRIN - Volatility Comparison
The current volatility for Western Asset Diversified Income Fund (WDI) is 2.97%, while Trinity Capital Inc. (TRIN) has a volatility of 4.71%. This indicates that WDI experiences smaller price fluctuations and is considered to be less risky than TRIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDI | TRIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 4.71% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 15.13% | -7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 20.39% | -10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.00% | 26.64% | -13.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.88% | 26.76% | -13.88% |
Dividends
WDI vs. TRIN - Dividend Comparison
WDI's dividend yield for the trailing twelve months is around 13.60%, more than TRIN's 12.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
TRIN Trinity Capital Inc. | 12.59% | 13.92% | 14.10% | 14.04% | 21.32% | 7.17% |
WDI Western Asset Diversified Income Fund | 13.60% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% |
Frequently Asked Questions
WDI and TRIN have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRIN has higher volatility (4.71%) compared to WDI (2.97%). In terms of maximum drawdown, WDI dropped -32.45% vs TRIN's -43.12%.
TRIN currently has the higher Sharpe Ratio (1.72 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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