WMBDX vs. WMBLX

Last updated Jun 23, 2026

WMBDX (WesMark Government Bond Fund) and WMBLX (WesMark Balanced Fund) are both mutual funds - WMBDX is a Intermediate Core Bond fund managed by WesMark, while WMBLX is a Diversified Portfolio fund managed by WesMark. Over the past 10 years, WMBDX returned -0.20%/yr vs 7.43%/yr for WMBLX. At a correlation of -0.05, they often move in opposite directions. WMBDX charges 1.03%/yr vs 1.24%/yr for WMBLX.

Performance

WMBDX vs. WMBLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WesMark Government Bond Fund (WMBDX) and WesMark Balanced Fund (WMBLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WMBDX achieves a 0.10% return, which is significantly lower than WMBLX's 8.91% return. Over the past 10 years, WMBDX has underperformed WMBLX with an annualized return of -0.20%, while WMBLX has yielded a comparatively higher 7.43% annualized return.

WMBDX

• 1D: 0.25%
• 1M: 0.94%
• YTD: 0.10%
• 6M: 0.39%
• 1Y: 4.40%
• 3Y*: 3.46%
• 5Y*: -1.92%
• 10Y*: -0.20%

WMBLX

• 1D: 0.41%
• 1M: 0.76%
• YTD: 8.91%
• 6M: 8.74%
• 1Y: 19.96%
• 3Y*: 11.18%
• 5Y*: 6.68%
• 10Y*: 7.43%

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

WMBDX vs. WMBLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WMBDX WesMark Government Bond Fund	0.10%	6.94%	0.91%	2.69%	-17.48%	-1.45%	3.62%	4.74%	0.80%	1.29%
WMBLX WesMark Balanced Fund	8.91%	10.81%	9.28%	4.97%	-7.22%	15.85%	2.82%	20.32%	-4.61%	10.77%

Correlation

The correlation between WMBDX and WMBLX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Mar 24, 1998	-0.05

The correlation between WMBDX and WMBLX shifts across timeframes, from -0.05 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

WMBDX vs. WMBLX — Risk / Return Rank

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

WMBDX

WMBDX Risk / Return Rank: 15
WMBDX Sharpe Ratio Rank: 16
WMBDX Sortino Ratio Rank: 16
WMBDX Omega Ratio Rank: 15
WMBDX Calmar Ratio Rank: 15
WMBDX Martin Ratio Rank: 14

WMBLX

WMBLX Risk / Return Rank: 88
WMBLX Sharpe Ratio Rank: 89
WMBLX Sortino Ratio Rank: 89
WMBLX Omega Ratio Rank: 84
WMBLX Calmar Ratio Rank: 88
WMBLX Martin Ratio Rank: 90

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.

WMBDX vs. WMBLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WesMark Government Bond Fund (WMBDX) and WesMark Balanced Fund (WMBLX). 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.

	WMBDX	WMBLX	Difference
Sharpe ratio: Return per unit of total volatility	1.07	2.72	-1.65
Sortino ratio: Return per unit of downside risk	1.58	3.98	-2.40
Omega ratio: Gain probability vs. loss probability	1.19	1.51	-0.33
Calmar ratio: Return relative to maximum drawdown	1.27	4.05	-2.79
Martin ratio: Return relative to average drawdown	3.66	16.36	-12.70

WMBDX vs. WMBLX - Sharpe Ratio Comparison

The current WMBDX Sharpe Ratio is 1.07, which is lower than the WMBLX Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of WMBDX and WMBLX, 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

WMBDX vs. WMBLX - Drawdown Comparison

The maximum WMBDX drawdown since its inception was -24.94%, smaller than the maximum WMBLX drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for WMBDX and WMBLX.

Drawdown Indicators

	WMBDX	WMBLX	Difference
Max Drawdown Largest peak-to-trough decline	-24.94%	-35.88%	+10.94%
Max Drawdown (1Y) Largest decline over 1 year	-3.49%	-4.97%	+1.48%
Max Drawdown (3Y) Largest decline over 3 years	-7.71%	-11.57%	+3.86%
Max Drawdown (5Y) Largest decline over 5 years	-24.84%	-17.77%	-7.07%
Max Drawdown (10Y) Largest decline over 10 years	-24.94%	-23.30%	-1.64%
Current Drawdown Current decline from peak	-10.29%	-1.15%	-9.14%
Average Drawdown Average peak-to-trough decline	-3.20%	-6.37%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	1.23%	-0.03%

Volatility

WMBDX vs. WMBLX - Volatility Comparison

The current volatility for WesMark Government Bond Fund (WMBDX) is 1.27%, while WesMark Balanced Fund (WMBLX) has a volatility of 2.93%. This indicates that WMBDX experiences smaller price fluctuations and is considered to be less risky than WMBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WMBDX	WMBLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	2.93%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	3.06%	5.90%	-2.84%
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	7.41%	-3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.13%	10.26%	-4.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.73%	10.85%	-6.12%

WMBDX vs. WMBLX - Expense Ratio Comparison

WMBDX has a 1.03% expense ratio, which is lower than WMBLX's 1.24% expense ratio.

Dividends

WMBDX vs. WMBLX - Dividend Comparison

WMBDX's dividend yield for the trailing twelve months is around 3.57%, less than WMBLX's 6.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WMBDX WesMark Government Bond Fund	3.57%	3.49%	3.50%	3.22%	1.40%	1.26%	2.06%	2.07%	1.70%	2.01%	1.85%	1.52%
WMBLX WesMark Balanced Fund	6.89%	7.70%	9.82%	4.70%	3.78%	6.03%	1.63%	6.20%	5.83%	4.32%	3.80%	6.73%

Frequently Asked Questions

Can I hold both WMBDX and WMBLX in my portfolio?

WMBDX and WMBLX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WMBDX or WMBLX?

WMBLX has higher volatility (2.93%) compared to WMBDX (1.27%). In terms of maximum drawdown, WMBDX dropped -24.94% vs WMBLX's -35.88%.

Which has better risk-adjusted returns?

WMBLX currently has the higher Sharpe Ratio (2.72 vs 1.07), 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.