WIW vs. IBRIX
WIW (Western Asset Inflation-Linked Opportunities & Income Fund) and IBRIX (VY BlackRock Inflation Protected Bond Portfolio) are both Inflation-Protected Bonds funds. Over the past 10 years, WIW returned 3.82%/yr vs 2.55%/yr for IBRIX. At a 0.38 correlation, their price movements are largely independent.
Performance
WIW vs. IBRIX - Performance Comparison
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Returns By Period
In the year-to-date period, WIW achieves a 1.07% return, which is significantly lower than IBRIX's 1.99% return. Over the past 10 years, WIW has outperformed IBRIX with an annualized return of 3.82%, while IBRIX has yielded a comparatively lower 2.55% annualized return.
WIW
- 1D
- -0.71%
- 1M
- -0.71%
- YTD
- 1.07%
- 6M
- 1.22%
- 1Y
- 4.66%
- 3Y*
- 6.63%
- 5Y*
- 0.94%
- 10Y*
- 3.82%
IBRIX
- 1D
- 0.43%
- 1M
- 0.22%
- YTD
- 1.99%
- 6M
- 2.12%
- 1Y
- 4.57%
- 3Y*
- 3.95%
- 5Y*
- 1.00%
- 10Y*
- 2.55%
WIW vs. IBRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WIW Western Asset Inflation-Linked Opportunities & Income Fund | 1.07% | 13.17% | 3.83% | 5.10% | -25.30% | 17.66% | 11.46% | 18.27% | -7.57% | 6.46% |
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 1.99% | 6.11% | 2.09% | 4.30% | -12.63% | 5.25% | 11.04% | 8.32% | -1.75% | 2.71% |
Correlation
The correlation between WIW and IBRIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2007 | 0.38 |
The correlation between WIW and IBRIX shifts across timeframes, from 0.38 (all time) to 0.53 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
WIW vs. IBRIX — Risk / Return Rank
WIW
IBRIX
WIW vs. IBRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Inflation-Linked Opportunities & Income Fund (WIW) and VY BlackRock Inflation Protected Bond Portfolio (IBRIX). 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.
| WIW | IBRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.05 | +0.24 |
| Martin ratioReturn relative to average drawdown | 3.40 | 5.81 | -2.41 |
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Drawdowns
WIW vs. IBRIX - Drawdown Comparison
The maximum WIW drawdown since its inception was -29.49%, which is greater than IBRIX's maximum drawdown of -15.82%. Use the drawdown chart below to compare losses from any high point for WIW and IBRIX.
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Drawdown Indicators
| WIW | IBRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.49% | -15.82% | -13.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -4.81% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -8.65% | -5.68% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -29.49% | -15.82% | -13.67% |
Max Drawdown (10Y)Largest decline over 10 years | -29.49% | -15.82% | -13.67% |
Current DrawdownCurrent decline from peak | -6.76% | -0.54% | -6.22% |
Average DrawdownAverage peak-to-trough decline | -7.96% | -4.11% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.83% | +0.54% |
Volatility
WIW vs. IBRIX - Volatility Comparison
Western Asset Inflation-Linked Opportunities & Income Fund (WIW) has a higher volatility of 1.58% compared to VY BlackRock Inflation Protected Bond Portfolio (IBRIX) at 1.25%. This indicates that WIW's price experiences larger fluctuations and is considered to be riskier than IBRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIW | IBRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.25% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.12% | 7.34% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.87% | 8.13% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.16% | 7.07% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.98% | 5.93% | +4.05% |
Dividends
WIW vs. IBRIX - Dividend Comparison
WIW's dividend yield for the trailing twelve months is around 8.96%, more than IBRIX's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 3.84% | 3.31% | 3.87% | 3.55% | 4.96% | 2.68% | 1.70% | 2.38% | 2.51% | 1.52% | 0.00% | 1.41% |
WIW Western Asset Inflation-Linked Opportunities & Income Fund | 8.96% | 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
WIW and IBRIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WIW has higher volatility (1.58%) compared to IBRIX (1.25%). In terms of maximum drawdown, WIW dropped -29.49% vs IBRIX's -15.82%.
WIW currently has the higher Sharpe Ratio (0.68 vs 0.62), 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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