Metropolitan West Unconstrained Bond Fund (MWCIX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MWCIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MWCIX
MWCIX charges 0.76% annually. There are 21 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | MWCIX vs PMOTX | |
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | MWCIX vs GMODX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | MWCIX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | MWCIX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | MWCIX vs PUTIX |
Best Risk-Adjusted Alternatives to MWCIX
MWCIX has a PortfoliosLab risk / return rank of 83. There are 17 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | MWCIX vs CBYYX | |
| PGIM Securitized Credit Fund | 99 | — | Jun 2019 | MWCIX vs SCFZX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | MWCIX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | MWCIX vs EIGMX | |
| DoubleLine Flexible Income Fund | 98 | — | Apr 2014 | MWCIX vs DFLEX |
Top Performing MWCIX Alternatives (YTD)
MWCIX is at 1.41% YTD. There are 28 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 6.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 6.50% | — | Aug 2010 | MWCIX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 4.57% | — | Apr 2015 | MWCIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 4.15% | — | Jun 2007 | MWCIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 4.00% | — | Mar 2022 | MWCIX vs APFPX | |
| Anchor Risk Managed Credit Strategies Fund | 3.86% | — | Sep 2015 | MWCIX vs ATCSX |
Lowest Volatility Alternatives to MWCIX
MWCIX has 2.51% 1-year volatility. There are 27 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.00% | — | Dec 2004 | MWCIX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.23% | — | Jan 2023 | MWCIX vs CBYYX | |
| DoubleLine Flexible Income Fund | 1.31% | — | Apr 2014 | MWCIX vs DFLEX | |
| GMO Opportunistic Income Fund | 1.35% | — | Oct 2011 | MWCIX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | MWCIX vs BGCIX |
Lowest Drawdown Alternatives to MWCIX
MWCIX has a 1-year max drawdown of -1.62%. There are 22 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | MWCIX vs CBYYX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | MWCIX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | MWCIX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | MWCIX vs GMODX | |
| PGIM Absolute Return Bond Fund | -0.76% | — | Mar 2011 | MWCIX vs PADZX |
Other Mutual Funds from Metropolitan West Funds
The 8 most viewed Metropolitan West Funds mutual funds shown here include MWTIX, MWTRX, MWHYX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Metropolitan West Total Return Bond Fund Class I | Total Bond Market | 17 | 0.24% | — | — | MWCIX vs MWTIX | |
| Metropolitan West Total Return Bond Fund | Intermediate Core-Plus Bond | 16 | 0.14% | — | Mar 1997 | MWCIX vs MWTRX | |
| Metropolitan West High Yield Bond Fund | High Yield Bonds | 63 | 1.79% | — | Sep 2002 | MWCIX vs MWHYX | |
| Metropolitan West Strategic Income Fund | Nontraditional Bonds | 81 | 1.46% | — | Jun 2003 | MWCIX vs MWSTX | |
| Metropolitan West Low Duration Bond Fund | Short-Term Bond | 60 | 0.54% | — | Mar 1997 | MWCIX vs MWLDX | |
| Metropolitan West Investment Grade Credit Fund | Intermediate Core-Plus Bond | 36 | 0.46% | — | Jun 2018 | MWCIX vs MWIGX | |
| Metropolitan West Ultra Short Bond Fund | Ultrashort Bond | 86 | 1.16% | — | Jun 2003 | MWCIX vs MWUSX | |
| MetWest ESG Securitized Fund | Intermediate Core-Plus Bond | 33 | 0.82% | — | Sep 2021 | MWCIX vs MWESX |
Often Compared With MWCIX
Investors most often compare MWCIX with PLFRX, PIMIX, AFLIX. These 6 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Pacific Funds Floating Rate Income | Bank Loan | 84 | 1.32% | — | Jun 2011 | MWCIX vs PLFRX | |
| PIMCO Income Fund Institutional Class | Total Bond Market | 45 | 0.81% | — | Mar 2007 | MWCIX vs PIMIX | |
| Anfield Universal Fixed Income Fund | Nontraditional Bonds | 94 | 1.31% | — | Jun 2013 | MWCIX vs AFLIX | |
| Toews Unconstrained Income Fund | Nontraditional Bonds | 50 | 0.38% | — | Aug 2013 | MWCIX vs TUIFX | |
| Templeton Global Total Return Fund | Nontraditional Bonds | 22 | 2.21% | — | Sep 2008 | MWCIX vs TTRZX | |
| Wavelength Interest Rate Neutral Fund | Nontraditional Bonds | 80 | 3.33% | — | Sep 2013 | MWCIX vs WAVLX |
Compare MWCIX with Any Fund or Stock
Compare MWCIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MWCIX with funds that move differently
Metropolitan West Unconstrained Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MWCIX.
Explore MWCIX Diversifiers