Western Asset Competition
| WIW Etf | USD 8.58 0.08 0.94% |
Correlation: Western Asset vs Nuveen Build Overview
Very poor diversification
For the present investment horizon, the measured correlation between WIW and NBB stands at 0.85, or Very poor diversification. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.
Moving together with Western Etf
| 0.8 | WSML | iShares MSCI World | PairCorr |
| 0.84 | BITI | ProShares Trust | PairCorr |
| 0.81 | PULS | PGIM Ultra Short | PairCorr |
Moving against Western Etf
The mean reversion principle applied to Western Asset's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.
Western Asset Competition Correlation Matrix
Reviewing how Western Asset Claymore moves relative to competing etfs can show whether peer exposure is reducing portfolio risk or simply repeating the same market bet. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
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Western Asset Competition Risk-Adjusted Indicators
There is a big difference between Western Etf performing well and Western Asset ETF doing well as a business compared to the competition. Risk-adjusted metrics allow investors to compare Western Asset's efficiency and downside exposure against peers in a more meaningful way. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.47 | -0.01 | 0.00 | -0.06 | 0.00 | 2.33 | 14.24 | |||
| MSFT | 1.24 | -0.24 | 0.00 | -0.55 | 0.00 | 2.19 | 13.28 | |||
| UBER | 1.53 | -0.09 | 0.00 | -0.21 | 0.00 | 3.18 | 11.09 | |||
| F | 1.36 | -0.11 | 0.00 | -0.14 | 0.00 | 3.61 | 10.01 | |||
| T | 1.10 | 0.21 | 0.19 | -0.82 | 1.11 | 3.87 | 8.53 | |||
| A | 1.24 | -0.32 | 0.00 | -0.35 | 0.00 | 2.48 | 7.20 | |||
| CRM | 1.82 | -0.41 | 0.00 | -0.68 | 0.00 | 3.41 | 9.78 | |||
| JPM | 1.14 | -0.05 | 0.00 | -0.07 | 0.00 | 2.18 | 8.17 | |||
| MRK | 1.13 | 0.30 | 0.22 | 0.61 | 1.22 | 2.54 | 7.29 | |||
| XOM | 1.33 | 0.45 | 0.31 | 26.63 | 1.14 | 2.90 | 6.83 |
Western Asset Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
Western Asset Competition Peer Performance Charts
How to Analyze Western Asset Against Peers
Western Asset's peer analysis compares Western Asset with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Western Asset trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Western Asset leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
EPS growth trajectory comparison for Western Asset versus peers cuts through one-quarter earnings surprises and focuses on structural earnings expansion across periods. Relative analysis can highlight whether current pricing already reflects peer-group strengths or weaknesses.
Inputs for Western Asset Claymore come from fund disclosures and market reference feeds and are mapped into a consistent schema for analysis. Some fields can appear with publication lag.