WEA vs. SICIX

Last updated Jun 23, 2026

WEA (Western Asset Premier Bond Fund) and SICIX (SEI Asset Allocation Trust Conservative Strategy Fund) are both Diversified Portfolio funds. Over the past 10 years, WEA returned 4.45%/yr vs 3.41%/yr for SICIX. At a 0.27 correlation, their price movements are largely independent.

Performance

WEA vs. SICIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Western Asset Premier Bond Fund (WEA) and SEI Asset Allocation Trust Conservative Strategy Fund (SICIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEA achieves a -0.92% return, which is significantly lower than SICIX's 2.10% return. Over the past 10 years, WEA has outperformed SICIX with an annualized return of 4.45%, while SICIX has yielded a comparatively lower 3.41% annualized 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%

SICIX

• 1D: 0.00%
• 1M: -0.27%
• YTD: 2.10%
• 6M: 2.12%
• 1Y: 6.44%
• 3Y*: 6.14%
• 5Y*: 3.22%
• 10Y*: 3.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WEA vs. SICIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WEA Western Asset Premier Bond Fund	-0.92%	10.59%	7.73%	9.58%	-20.24%	6.88%	2.75%	28.46%	-6.88%	13.60%
SICIX SEI Asset Allocation Trust Conservative Strategy Fund	2.10%	8.12%	5.52%	5.29%	-6.23%	4.13%	2.62%	9.36%	-2.07%	5.13%

Correlation

The correlation between WEA and SICIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Nov 18, 2003	0.27

The correlation between WEA and SICIX shifts across timeframes, from 0.27 (all time) to 0.40 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WEA vs. SICIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WEA

WEA Risk / Return Rank: 9
WEA Sharpe Ratio Rank: 10
WEA Sortino Ratio Rank: 10
WEA Omega Ratio Rank: 9
WEA Calmar Ratio Rank: 9
WEA Martin Ratio Rank: 9

SICIX

SICIX Risk / Return Rank: 62
SICIX Sharpe Ratio Rank: 71
SICIX Sortino Ratio Rank: 74
SICIX Omega Ratio Rank: 71
SICIX Calmar Ratio Rank: 44
SICIX Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WEA vs. SICIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Western Asset Premier Bond Fund (WEA) and SEI Asset Allocation Trust Conservative Strategy Fund (SICIX). 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	SICIX	Difference
Sharpe ratio: Return per unit of total volatility	0.75	2.25	-1.50
Sortino ratio: Return per unit of downside risk	1.17	3.27	-2.10
Omega ratio: Gain probability vs. loss probability	1.14	1.43	-0.29
Calmar ratio: Return relative to maximum drawdown	0.86	2.42	-1.56
Martin ratio: Return relative to average drawdown	2.43	9.30	-6.87

WEA vs. SICIX - Sharpe Ratio Comparison

The current WEA Sharpe Ratio is 0.75, which is lower than the SICIX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of WEA and SICIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEA vs. SICIX - Drawdown Comparison

The maximum WEA drawdown since its inception was -57.76%, which is greater than SICIX's maximum drawdown of -27.62%. Use the drawdown chart below to compare losses from any high point for WEA and SICIX.

Drawdown Indicators

	WEA	SICIX	Difference
Max Drawdown Largest peak-to-trough decline	-57.76%	-27.62%	-30.14%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-2.65%	-4.42%
Max Drawdown (3Y) Largest decline over 3 years	-11.96%	-3.21%	-8.75%
Max Drawdown (5Y) Largest decline over 5 years	-30.31%	-10.94%	-19.37%
Max Drawdown (10Y) Largest decline over 10 years	-37.82%	-11.61%	-26.21%
Current Drawdown Current decline from peak	-3.46%	-0.70%	-2.76%
Average Drawdown Average peak-to-trough decline	-7.02%	-3.56%	-3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	0.69%	+1.81%

Volatility

WEA vs. SICIX - Volatility Comparison

Western Asset Premier Bond Fund (WEA) has a higher volatility of 1.81% compared to SEI Asset Allocation Trust Conservative Strategy Fund (SICIX) at 0.84%. This indicates that WEA's price experiences larger fluctuations and is considered to be riskier than SICIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEA	SICIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	0.84%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	6.26%	2.19%	+4.07%
Volatility (1Y) Calculated over the trailing 1-year period	8.09%	2.85%	+5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.52%	3.89%	+9.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.01%	3.91%	+10.10%

Dividends

WEA vs. SICIX - Dividend Comparison

WEA's dividend yield for the trailing twelve months is around 7.94%, more than SICIX's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SICIX SEI Asset Allocation Trust Conservative Strategy Fund	2.85%	2.87%	3.67%	2.80%	4.69%	3.46%	1.84%	2.91%	1.80%	1.81%	1.64%	1.97%
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

Can I hold both WEA and SICIX in my portfolio?

WEA and SICIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEA or SICIX?

WEA has higher volatility (1.81%) compared to SICIX (0.84%). In terms of maximum drawdown, WEA dropped -57.76% vs SICIX's -27.62%.

Which has better risk-adjusted returns?

SICIX currently has the higher Sharpe Ratio (2.25 vs 0.75), 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.