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Metropolitan West High Yield Bond Fund (MWHYX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Metropolitan West High Yield Bond Fund (MWHYX)

Mutual Fund · Currency in USD · Last updated May 31, 2025

The investment seeks to maximize long-term total return consistent with preservation of capital. The fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in high yield bonds (commonly known as "junk bonds"), which are bonds rated below investment grade or unrated bonds determined by the Adviser to be of comparable quality. Under normal circumstances, the portfolio duration is two to eight years and the fund's dollar-weighted average maturity ranges from two to fifteen years.

Fund Info

ISIN

US5929058718

CUSIP

592905871

Issuer

Metropolitan West Funds

Inception Date

Sep 30, 2002

Category

High Yield Bonds

Min. Investment

$5,000

Asset Class

Bond

Expense Ratio

MWHYX has an expense ratio of 0.85%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Metropolitan West High Yield Bond Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Metropolitan West High Yield Bond Fund (MWHYX) returned 2.01% year-to-date (YTD) and 7.69% over the past 12 months. Over the past 10 years, MWHYX returned 4.12% annually, underperforming the S&P 500 benchmark at 10.85%.

MWHYX

YTD

2.01%

1M

0.87%

6M

1.45%

1Y

7.69%

3Y*

5.21%

5Y*

3.81%

10Y*

4.12%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of MWHYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.96%0.70%-0.53%0.00%0.87%2.01%
20240.35%0.09%0.80%-1.05%1.22%0.85%1.63%1.46%1.03%-0.50%0.76%-0.55%6.22%
20233.52%-1.60%0.64%1.38%-1.00%1.08%1.21%0.12%-1.11%-1.21%3.88%3.56%10.77%
2022-2.48%-1.42%-0.70%-3.62%-0.71%-5.98%5.85%-1.70%-4.42%2.19%1.72%-0.19%-11.36%
20210.37%-0.04%-0.37%1.03%0.30%0.85%0.29%0.49%0.35%-0.46%-1.02%1.56%3.38%
20200.42%-0.19%-5.91%4.84%2.83%0.74%3.84%0.87%-0.94%0.41%3.10%1.32%11.47%
20193.89%1.18%0.80%1.31%0.07%1.69%0.66%0.35%0.22%0.42%-0.10%1.24%12.30%
20180.21%-0.74%-0.40%0.43%-0.06%0.15%0.45%0.46%0.45%-0.81%-0.06%-1.33%-1.26%
20170.73%1.11%0.29%0.81%0.71%0.28%0.80%0.18%0.57%0.27%-0.02%0.34%6.23%
2016-0.57%-0.30%1.71%1.81%0.52%0.45%0.97%1.41%0.42%0.37%-0.30%1.20%7.94%
20150.18%1.77%-0.76%0.77%0.04%-1.39%0.62%-1.21%-1.91%2.21%-0.83%-1.58%-2.16%
20140.33%1.74%0.09%0.46%0.66%0.84%-1.42%1.57%-2.34%0.65%-0.75%-1.39%0.35%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 94, MWHYX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of MWHYX is 9494
Overall Rank
The Sharpe Ratio Rank of MWHYX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of MWHYX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of MWHYX is 9393
Omega Ratio Rank
The Calmar Ratio Rank of MWHYX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of MWHYX is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Metropolitan West High Yield Bond Fund (MWHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Metropolitan West High Yield Bond Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 2.35
  • 5-Year: 0.82
  • 10-Year: 0.90
  • All Time: 1.43

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Metropolitan West High Yield Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Metropolitan West High Yield Bond Fund provided a 6.45% dividend yield over the last twelve months, with an annual payout of $0.60 per share. The fund has been increasing its distributions for 3 consecutive years.

3.00%4.00%5.00%6.00%7.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.60$0.61$0.58$0.48$0.36$0.38$0.41$0.39$0.33$0.34$0.40$0.60

Dividend yield

6.45%6.57%6.20%5.32%3.42%3.55%4.11%4.23%3.42%3.57%4.38%6.20%

Monthly Dividends

The table displays the monthly dividend distributions for Metropolitan West High Yield Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.05$0.05$0.05$0.05$0.00$0.19
2024$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.06$0.05$0.05$0.61
2023$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.58
2022$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.48
2021$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36
2020$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2019$0.04$0.03$0.04$0.04$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.41
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.39
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.34
2015$0.04$0.03$0.04$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.40
2014$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.18$0.60

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 Metropolitan West High Yield Bond 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 Metropolitan West High Yield Bond Fund was 29.13%, occurring on Dec 15, 2008. Recovery took 121 trading sessions.

The current Metropolitan West High Yield Bond Fund drawdown is 0.11%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-29.13%Jun 5, 2007386Dec 15, 2008121Jun 10, 2009507
-15.19%Nov 10, 2021223Sep 29, 2022427Jun 12, 2024650
-14.24%Mar 5, 202013Mar 23, 202045May 27, 202058
-12.4%May 3, 2011108Oct 4, 2011143Apr 30, 2012251
-8.79%Sep 3, 2014364Feb 11, 2016142Sep 2, 2016506
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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