- Issuer
- Metropolitan West Funds
- Inception Date
- Sep 29, 2021
- Category
- Intermediate Core-Plus Bond
- Min. Investment
- $3,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MWESX Performance Chart
MetWest ESG Securitized Fund (MWESX) is up 0.8% since the beginning of the year. MWESX is currently trading at $9 per share.
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Returns By Period
MetWest ESG Securitized Fund (MWESX) has returned 0.82% so far this year and 5.88% over the past 12 months.
MetWest ESG Securitized Fund
- 1D
- 0.11%
- 1M
- 0.95%
- YTD
- 0.82%
- 6M
- 1.34%
- 1Y
- 5.88%
- 3Y*
- 7.41%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MWESX Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2021, MWESX's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, an investment would double in approximately 48.2 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2023 with a return of +5.5%, while the worst month was Sep 2022 at -5.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, MWESX closed higher 44% of trading days. The best single day was Apr 26, 2024 with a return of +2.2%, while the worst single day was Jun 13, 2022 at -1.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.47% | 1.59% | -1.54% | 0.18% | 0.26% | -0.11% | 0.82% | ||||||
| 2025 | 0.78% | 2.55% | -0.10% | 0.25% | -0.85% | 1.72% | -0.45% | 1.43% | 0.95% | 0.74% | 0.83% | 0.05% | 8.16% |
| 2024 | 0.79% | -1.31% | 1.18% | -0.36% | 2.00% | 1.77% | 3.38% | 1.83% | 1.57% | -2.36% | 1.29% | -1.48% | 8.45% |
| 2023 | 3.51% | -2.54% | 0.88% | 0.59% | -1.14% | -1.03% | 0.18% | -0.24% | -2.53% | -2.27% | 5.45% | 4.81% | 5.41% |
| 2022 | -1.42% | -1.33% | -2.89% | -2.84% | -0.07% | -1.65% | 2.24% | -2.88% | -4.98% | -2.64% | 3.68% | -0.47% | -14.50% |
| 2021 | 0.00% | -0.28% | 0.04% | -0.11% | -0.35% |
Benchmark Metrics
MetWest ESG Securitized Fund has an annualized alpha of 0.78%, beta of 0.06, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 30, 2021.
- This fund participated in 34.67% of S&P 500 Index downside but only 18.61% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.78%
- Beta
- 0.06
- R²
- 0.02
- Upside Capture
- 18.61%
- Downside Capture
- 34.67%
Expense Ratio
MWESX has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MWESX ranks 34 for risk / return — below 34% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MetWest ESG Securitized Fund (MWESX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MWESX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.78 | -0.61 |
| Martin ratioReturn relative to average drawdown | 6.29 | 12.44 | -6.15 |
Dividends
Dividend History
MetWest ESG Securitized Fund provided a 4.58% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.63 | $0.31 | $0.17 | $0.02 |
Dividend yield | 4.58% | 4.55% | 7.39% | 3.63% | 2.07% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for MetWest ESG Securitized Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.01 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2024 | $0.07 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.07 | $0.04 | $0.04 | $0.63 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.00 | $0.05 | $0.05 | $0.31 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.06 | $0.17 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MetWest ESG Securitized Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MetWest ESG Securitized Fund was 19.57%, occurring on Oct 19, 2023. Recovery took 223 trading sessions.
The current MetWest ESG Securitized Fund drawdown is 1.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -19.57%Oct 2023 | 1y 11mo | 10mo 27d | 2y 10moNov 2021 - Sep 2024 |
2025 pullback2025 | -4.27%Jan 2025 | 3mo 28d | 1mo 16d | 5mo 14dSep 2024 - Feb 2025 |
2025 selloff2025 | -3.08%Apr 2025 | 4d | 2mo 20d | 2mo 24dApr 2025 - Jun 2025 |
2026 pullback2026 | -2.71%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
2025 pullback2025 | -1.49%Jul 2025 | 14d | 17d | 1mo 1dJul 2025 - Aug 2025 |
Drawdown Indicators
| MWESX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.57% | -56.78% | +37.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -9.10% | +6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -6.33% | -18.90% | +12.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.22% | -1.80% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -10.71% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 2.03% | -1.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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