A fluid composition for all-wheel drive wet multi-disk brakes and/or differentials having improved characteristics, additive concentrates for all-wheel drive vehicles and methods for improving fluid characteristics for all-wheel drive vehicles. The fluid composition is a base oil having therein an extreme pressure/antiwear additive package and a limited slip/antiwear additive package. The additive composition is substantially devoid of dithiophosphate components and has from about 1000 to about 2000 ppm phosphorous from phosphorous-containing components based on a total weight of the fluid composition.