MMT vs WDI: Correlation
Aberdeen Multi-Market Income Fund (MMT) and Western Asset Diversified Income Fund (WDI) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMT and WDI?
Over the past 3 years, MMT and WDI moved with a correlation of 0.68, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.51 versus 0.68 over 3 years. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 67.1 %².
Among the 15 assets we track against MMT, WDI ranks #5 by 3-year correlation. On 12-month performance MMT holds a 5.5-point edge, +3.2% against -2.3%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MMT vs WDI: side by side
| MMT (Aberdeen Multi-Market Income Fund) | WDI (Western Asset Diversified Income Fund) | |
|---|---|---|
| 1-year return | +3.2% | -2.3% |
| 5-year return | +5.0% | +14.7% |
| Volatility (ann.) | 8.4% | 11.7% |
| Beta vs S&P 500 | 0.27 | 0.46 |
| Max drawdown (3Y) | -7.1% | -14.1% |
| Market cap | $0.2B | $0.7B |
| P/E (trailing) | 11.7 | 9.3 |
| Dividend yield | 9.03% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MMT | WDI |
|---|---|---|
| 2022 | -23.0% | -23.3% |
| 2023 | +10.1% | +25.1% |
| 2024 | +12.5% | +13.9% |
| 2025 | +8.1% | +10.7% |
| 2026 | +1.6% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMT and WDI good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MMT and WDI?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.51 over the last year and 0.57 over 5 years.
Is WDI a good diversifier for MMT?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mmt-vs-wdi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mmt-vs-wdi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MMT correlations · WDI correlations
