WIA vs. WIW
WIA (Western Asset Inflation-Linked Income Fund) and WIW (Western Asset Inflation-Linked Opportunities & Income Fund) are both Inflation-Protected Bonds funds. Over the past 10 years, WIA returned 3.70%/yr vs 3.81%/yr for WIW. Their 0.56 correlation means they have sometimes moved together and sometimes differently.
Performance
WIA vs. WIW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WIA achieves a 0.15% return, which is significantly lower than WIW's 1.25% return. Both investments have delivered pretty close results over the past 10 years, with WIA having a 3.70% annualized return and WIW not far ahead at 3.81%.
WIA
- 1D
- 0.00%
- 1M
- -1.70%
- 6M
- -0.36%
- YTD
- 0.15%
- 1Y
- 2.83%
- 3Y*
- 6.05%
- 5Y*
- -1.32%
- 10Y*
- 3.70%
- ALL TIME*
- 2.99%
WIW
- 1D
- -0.24%
- 1M
- -0.81%
- 6M
- 0.28%
- YTD
- 1.25%
- 1Y
- 3.11%
- 3Y*
- 6.49%
- 5Y*
- -0.03%
- 10Y*
- 3.81%
- ALL TIME*
- 3.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $300.97K | $311.91K | $319.88K | |
| $1.78M | $1.82M | $2.38M |
WIA vs. WIW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WIA Western Asset Inflation-Linked Income Fund | 0.15% | 11.43% | 6.08% | 5.04% | -25.85% | 7.70% | 19.35% | 18.98% | -6.83% | 6.41% |
WIW Western Asset Inflation-Linked Opportunities & Income Fund | 1.25% | 13.17% | 3.83% | 5.10% | -25.30% | 17.66% | 11.46% | 18.27% | -7.57% | 6.46% |
Correlation
The correlation between WIA and WIW is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2004 | 0.56 |
The correlation between WIA and WIW shifts across timeframes, from 0.46 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WIA vs. WIW — Risk / Return Rank
WIA
WIW
WIA vs. WIW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Inflation-Linked Income Fund (WIA) and Western Asset Inflation-Linked Opportunities & Income Fund (WIW). 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.
| WIA | WIW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.08 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 0.77 | -0.11 |
| Martin ratioReturn relative to average drawdown | 1.70 | 1.93 | -0.23 |
Loading charts...
Drawdowns
WIA vs. WIW - Drawdown Comparison
The maximum WIA drawdown since its inception was -30.36%, roughly equal to the maximum WIW drawdown of -29.49%. Use the drawdown chart below to compare losses from any high point for WIA and WIW.
Loading charts...
Drawdown Indicators
| WIA | WIW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.36% | -29.49% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -3.61% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -8.13% | -8.24% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -30.36% | -29.49% | -0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -30.36% | -29.49% | -0.87% |
Current DrawdownCurrent decline from peak | -8.68% | -6.59% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -7.96% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.43% | +0.09% |
Volatility
WIA vs. WIW - Volatility Comparison
Western Asset Inflation-Linked Income Fund (WIA) has a higher volatility of 1.43% compared to Western Asset Inflation-Linked Opportunities & Income Fund (WIW) at 1.23%. This indicates that WIA's price experiences larger fluctuations and is considered to be riskier than WIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WIA | WIW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.23% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.75% | 4.23% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 6.43% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.57% | 10.09% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.55% | 9.98% | +0.57% |
Dividends
WIA vs. WIW - Dividend Comparison
WIA's dividend yield for the trailing twelve months is around 7.88%, less than WIW's 9.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WIA Western Asset Inflation-Linked Income Fund | 7.88% | 7.50% | 7.50% | 11.08% | 15.23% | 10.65% | 5.71% | 3.41% | 3.91% | 3.43% | 3.34% | 3.63% |
WIW Western Asset Inflation-Linked Opportunities & Income Fund | 9.08% | 8.68% | 8.78% | 10.38% | 11.81% | 6.93% | 3.20% | 3.74% | 4.26% | 3.70% | 3.61% | 3.91% |
Frequently Asked Questions
WIA and WIW have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WIA has higher volatility (1.43%) compared to WIW (1.23%). In terms of maximum drawdown, WIA dropped -30.36% vs WIW's -29.49%.
WIA currently has the higher Sharpe Ratio (0.45 vs 0.43), 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.
Find the right allocation for WIA and WIW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer