WEA vs. DMA
WEA (Western Asset Premier Bond Fund) and DMA (Dimensional Managed Account Fund) are both Diversified Portfolio funds. Over the past 3 years, WEA returned 9.41%/yr vs 22.36%/yr for DMA. At a 0.12 correlation, their price movements are largely independent.
Performance
WEA vs. DMA - Performance Comparison
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Returns By Period
In the year-to-date period, WEA achieves a -0.92% return, which is significantly higher than DMA's -10.31% return.
WEA
- 1D
- -0.09%
- 1M
- 1.20%
- YTD
- -0.92%
- 6M
- -0.47%
- 1Y
- 6.06%
- 3Y*
- 9.41%
- 5Y*
- 0.94%
- 10Y*
- 4.45%
DMA
- 1D
- -0.34%
- 1M
- 5.74%
- YTD
- -10.31%
- 6M
- -11.10%
- 1Y
- -0.68%
- 3Y*
- 22.36%
- 5Y*
- —
- 10Y*
- —
WEA vs. DMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WEA Western Asset Premier Bond Fund | -0.92% | 10.59% | 7.73% | 9.58% | -18.19% |
DMA Dimensional Managed Account Fund | -10.31% | 16.89% | 41.06% | -3.81% | -37.55% |
Correlation
The correlation between WEA and DMA is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.12 |
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Return for Risk
WEA vs. DMA — Risk / Return Rank
WEA
DMA
WEA vs. DMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Premier Bond Fund (WEA) and Dimensional Managed Account Fund (DMA). 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.
| WEA | DMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.01 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | -0.04 | +0.90 |
| Martin ratioReturn relative to average drawdown | 2.43 | -0.11 | +2.53 |
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Drawdowns
WEA vs. DMA - Drawdown Comparison
The maximum WEA drawdown since its inception was -57.76%, which is greater than DMA's maximum drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for WEA and DMA.
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Drawdown Indicators
| WEA | DMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.76% | -53.24% | -4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -18.34% | +11.27% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | -18.34% | +6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -30.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.82% | — | — |
Current DrawdownCurrent decline from peak | -3.46% | -11.91% | +8.45% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -25.68% | +18.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 6.52% | -4.02% |
Volatility
WEA vs. DMA - Volatility Comparison
The current volatility for Western Asset Premier Bond Fund (WEA) is 1.81%, while Dimensional Managed Account Fund (DMA) has a volatility of 8.19%. This indicates that WEA experiences smaller price fluctuations and is considered to be less risky than DMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEA | DMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 8.19% | -6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.26% | 13.46% | -7.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.09% | 15.22% | -7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.52% | 27.25% | -13.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.01% | 27.25% | -13.24% |
Dividends
WEA vs. DMA - Dividend Comparison
WEA's dividend yield for the trailing twelve months is around 7.94%, less than DMA's 16.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMA Dimensional Managed Account Fund | 16.49% | 9.42% | 3.83% | 5.22% | 10.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WEA Western Asset Premier Bond Fund | 7.94% | 7.62% | 7.80% | 7.44% | 7.44% | 5.53% | 5.59% | 5.37% | 6.49% | 6.26% | 7.93% | 8.88% |
Frequently Asked Questions
WEA and DMA have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DMA has higher volatility (8.19%) compared to WEA (1.81%). In terms of maximum drawdown, WEA dropped -57.76% vs DMA's -53.24%.
WEA currently has the higher Sharpe Ratio (0.75 vs -0.05), 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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