WINC vs. SHAG
Compare and contrast key facts about Western Asset Short Duration Income ETF (WINC) and WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG).
WINC and SHAG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WINC is an actively managed fund by Franklin Templeton. It was launched on Feb 7, 2019. SHAG is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Short Aggregate Enhanced Yield Index. It was launched on May 18, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WINC or SHAG.
Key characteristics
| WINC | SHAG | |
|---|---|---|
| YTD Return | 4.58% | 3.69% |
| 1Y Return | 8.09% | 6.57% |
| 3Y Return (Ann) | 1.06% | 0.50% |
| 5Y Return (Ann) | 2.21% | 1.16% |
| Sharpe Ratio | 3.45 | 2.85 |
| Sortino Ratio | 5.88 | 4.64 |
| Omega Ratio | 1.79 | 1.59 |
| Calmar Ratio | 1.45 | 1.12 |
| Martin Ratio | 27.40 | 14.78 |
| Ulcer Index | 0.29% | 0.44% |
| Daily Std Dev | 2.33% | 2.30% |
| Max Drawdown | -17.36% | -9.62% |
| Current Drawdown | -0.70% | -1.06% |
Correlation
The correlation between WINC and SHAG is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WINC vs. SHAG - Performance Comparison
In the year-to-date period, WINC achieves a 4.58% return, which is significantly higher than SHAG's 3.69% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WINC vs. SHAG - Expense Ratio Comparison
WINC has a 0.29% expense ratio, which is higher than SHAG's 0.12% expense ratio.
Risk-Adjusted Performance
WINC vs. SHAG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Short Duration Income ETF (WINC) and WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG). 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.
Dividends
WINC vs. SHAG - Dividend Comparison
WINC's dividend yield for the trailing twelve months is around 4.80%, more than SHAG's 4.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
WINC Western Asset Short Duration Income ETF | 4.80% | 4.35% | 2.49% | 1.96% | 3.90% | 3.72% | 0.00% | 0.00% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund | 4.25% | 3.04% | 1.38% | 0.92% | 2.34% | 2.71% | 2.56% | 1.26% |
Drawdowns
WINC vs. SHAG - Drawdown Comparison
The maximum WINC drawdown since its inception was -17.36%, which is greater than SHAG's maximum drawdown of -9.62%. Use the drawdown chart below to compare losses from any high point for WINC and SHAG. For additional features, visit the drawdowns tool.
Volatility
WINC vs. SHAG - Volatility Comparison
The current volatility for Western Asset Short Duration Income ETF (WINC) is 0.53%, while WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) has a volatility of 0.64%. This indicates that WINC experiences smaller price fluctuations and is considered to be less risky than SHAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.