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ETFs

Legg Mason ETF Investment Trust Western Asset Total Return ETF

WBND
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 03 2018
Expense Ratio
0.45%
Type
US Bonds
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$354,910
AUM
$37,145,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
TREASURY BILL DN 12/23
4.10%
n/a
US TREASURY N/ 3.625 2/53
3.39%
n/a
FN FS2943 2 2/1/51
3.36%
n/a
Fannie Mae 3 % TBA MBS Single Family 30 Years Maturity Settles October
3.17%
n/a
MEXICAN BONOS 7.75 11/42
2.41%
n/a
US TREASURY N/B 3.5 4/28
1.90%
n/a
US TREASURY N/B 3.5 2/33
1.67%
n/a
FR SD2101 2.5 12/1/51
1.67%
n/a
RECV IRS 10.23 01/02/2029
1.63%
n/a
US TREASURY N/ 4.125 8/30
1.60%
Invest with WBND

What is WBND?

The Western Asset Total Return ETF is an actively managed strategy that seeks to maximize total return consistent with prudent investment management and liquidity needs. The fund will seek its investment objective by investing at least 80% of its assets in a portfolio comprised of fixed income securities, debt instruments, derivatives, equity securities of any type acquired in reorganizations of issuers of fixed income securities or debt instruments ( work out securities ), non-convertible preferred securities, warrants, cash and cash equivalents, foreign currencies, and exchange-traded funds ( ETFs ) that provide exposure to these investments ( Principal Investments ). Debt instruments include loans and similar debt instruments. However, at the fund s inception, the fund expects to invest principally in the Principal Investments except for work out securities, non-convertible preferred stock and warrants.

ETFs related toWBND

ETFs correlated to WBND include BKAG, SCHZ, SPAB

WBND
Legg Mason ETF Investment Trust - Western Asset Total Return ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
AGGY
WisdomTree Trust - WisdomTree Yield Enhanced U.S. Aggregate Bond Fund
ILTB
BlackRock Institutional Trust Company N.A. - iShares Core 10+ Year USD Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toWBND

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with WBND using Composer

FAQ

WBND is a US Bonds ETF. The Western Asset Total Return ETF is an actively managed strategy that seeks to maximize total return consistent with prudent investment management and liquidity needs. The fund will seek its investment objective by investing at least 80% of its assets in a portfolio comprised of fixed income securities, debt instruments, derivatives, equity securities of any type acquired in reorganizations of issuers of fixed income securities or debt instruments ( work out securities ), non-convertible preferred securities, warrants, cash and cash equivalents, foreign currencies, and exchange-traded funds ( ETFs ) that provide exposure to these investments ( Principal Investments ). Debt instruments include loans and similar debt instruments. However, at the fund s inception, the fund expects to invest principally in the Principal Investments except for work out securities, non-convertible preferred stock and warrants.

Yes, WBND is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, WBND is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on WBND is -0.02%. This is the percent change in the value of WBND over the most recent 1-month period. The 3-month return on WBND is -0.0439%. This is the percent change in the value of WBND over the most recent 3-month period.

The standard deviation of WBND for the past year is 0.0993%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to WBND include GSY, GVI, and BLV.

ETFs correlated to WBND include BKAG, SCHZ, and SPAB.

ETFs that are inversely correlated to WBND include TBX, PST, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.