WITAX vs. LSMSX
Compare and contrast key facts about Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) and Western Asset SMASh Series TF Fund (LSMSX).
WITAX is managed by Segall Bryant & Hamill. It was launched on Dec 15, 2016. LSMSX is managed by Franklin Templeton. It was launched on Dec 22, 2015.
Performance
WITAX vs. LSMSX - Performance Comparison
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WITAX vs. LSMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WITAX Segall Bryant & Hamill Municipal Opportunities Fund | -0.07% | 5.32% | 3.09% | 5.50% | -11.11% | 2.87% | 6.71% | 7.20% | 1.46% | 7.32% |
LSMSX Western Asset SMASh Series TF Fund | -0.27% | 3.22% | 2.22% | 7.96% | -10.03% | 4.11% | 4.48% | 8.16% | 0.46% | 4.92% |
Returns By Period
In the year-to-date period, WITAX achieves a -0.07% return, which is significantly higher than LSMSX's -0.27% return.
WITAX
- 1D
- 0.21%
- 1M
- -1.82%
- YTD
- -0.07%
- 6M
- 1.47%
- 1Y
- 4.35%
- 3Y*
- 4.05%
- 5Y*
- 0.94%
- 10Y*
- —
LSMSX
- 1D
- 0.21%
- 1M
- -2.62%
- YTD
- -0.27%
- 6M
- 1.22%
- 1Y
- 3.63%
- 3Y*
- 3.26%
- 5Y*
- 1.12%
- 10Y*
- —
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WITAX vs. LSMSX - Expense Ratio Comparison
WITAX has a 0.50% expense ratio, which is higher than LSMSX's 0.01% expense ratio.
Return for Risk
WITAX vs. LSMSX — Risk / Return Rank
WITAX
LSMSX
WITAX vs. LSMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) and Western Asset SMASh Series TF Fund (LSMSX). 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.
| WITAX | LSMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 0.67 | +0.94 |
Sortino ratioReturn per unit of downside risk | 2.09 | 0.89 | +1.21 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.20 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.71 | +0.99 |
Martin ratioReturn relative to average drawdown | 6.28 | 1.98 | +4.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WITAX | LSMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 0.67 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.25 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.58 | +0.40 |
Correlation
The correlation between WITAX and LSMSX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
WITAX vs. LSMSX - Dividend Comparison
WITAX's dividend yield for the trailing twelve months is around 3.22%, less than LSMSX's 3.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WITAX Segall Bryant & Hamill Municipal Opportunities Fund | 3.22% | 3.49% | 3.68% | 3.61% | 3.17% | 2.75% | 3.30% | 4.19% | 3.56% | 3.76% |
LSMSX Western Asset SMASh Series TF Fund | 3.97% | 3.83% | 4.30% | 3.37% | 2.38% | 2.73% | 2.33% | 2.55% | 2.34% | 0.90% |
Drawdowns
WITAX vs. LSMSX - Drawdown Comparison
The maximum WITAX drawdown since its inception was -13.87%, smaller than the maximum LSMSX drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for WITAX and LSMSX.
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Drawdown Indicators
| WITAX | LSMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -15.00% | +1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -6.21% | +3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -13.87% | -15.00% | +1.13% |
Current DrawdownCurrent decline from peak | -1.82% | -2.62% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -2.88% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.21% | -1.43% |
Volatility
WITAX vs. LSMSX - Volatility Comparison
The current volatility for Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) is 0.78%, while Western Asset SMASh Series TF Fund (LSMSX) has a volatility of 1.10%. This indicates that WITAX experiences smaller price fluctuations and is considered to be less risky than LSMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WITAX | LSMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 1.10% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.17% | 1.60% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 5.78% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 4.44% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.12% | 4.52% | -1.40% |