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 3 years, WDI returned 12.87%/yr vs 28.19%/yr for TRIN. At a 0.28 correlation, their price movements are largely independent.
Performance
WDI vs. TRIN - Performance Comparison
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Returns By Period
In the year-to-date period, WDI achieves a 1.96% return, which is significantly lower than TRIN's 30.46% return.
WDI
- 1D
- -0.52%
- 1M
- 0.30%
- YTD
- 1.96%
- 6M
- 2.46%
- 1Y
- 3.20%
- 3Y*
- 12.87%
- 5Y*
- —
- 10Y*
- —
TRIN
- 1D
- 0.30%
- 1M
- 9.80%
- YTD
- 30.46%
- 6M
- 30.59%
- 1Y
- 48.53%
- 3Y*
- 28.19%
- 5Y*
- 20.45%
- 10Y*
- —
WDI vs. TRIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WDI Western Asset Diversified Income Fund | 1.96% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
TRIN Trinity Capital Inc. | 30.46% | 16.01% | 14.83% | 53.97% | -26.60% | 29.72% |
Correlation
The correlation between WDI and TRIN is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
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 | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.39 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 3.25 | -2.87 |
| Martin ratioReturn relative to average drawdown | 0.93 | 8.19 | -7.25 |
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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 | — | -43.12% | — |
Current DrawdownCurrent decline from peak | -3.13% | -0.12% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -10.34% | -8.87% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 5.95% | -2.52% |
Volatility
WDI vs. TRIN - Volatility Comparison
The current volatility for Western Asset Diversified Income Fund (WDI) is 3.47%, while Trinity Capital Inc. (TRIN) has a volatility of 8.16%. 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 | 3.47% | 8.16% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 16.50% | -8.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.45% | 21.12% | -11.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.94% | 26.76% | -13.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.94% | 27.03% | -14.09% |
Dividends
WDI vs. TRIN - Dividend Comparison
WDI's dividend yield for the trailing twelve months is around 13.22%, less than TRIN's 20.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
TRIN Trinity Capital Inc. | 20.94% | 13.92% | 14.10% | 14.04% | 21.32% | 7.17% |
WDI Western Asset Diversified Income Fund | 13.22% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% |
Frequently Asked Questions
WDI and TRIN have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRIN has higher volatility (8.16%) compared to WDI (3.47%). In terms of maximum drawdown, WDI dropped -32.45% vs TRIN's -43.12%.
TRIN currently has the higher Sharpe Ratio (2.31 vs 0.34), 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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