- ISIN
- US5929058718
- CUSIP
- 592905871
- Issuer
- Metropolitan West Funds
- Inception Date
- Sep 30, 2002
- Category
- High Yield Bonds
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MWHYX Performance Chart
Metropolitan West High Yield Bond Fund (MWHYX) is up 1.2% since the beginning of the year. MWHYX is currently trading at $9 per share. Investors who bought $1,000 worth of MWHYX shares 5 years ago would now be looking at an investment worth $1,114.
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Returns By Period
Metropolitan West High Yield Bond Fund (MWHYX) has returned 1.17% so far this year and 3.15% over the past 12 months. Over the last ten years, MWHYX has returned 4.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Metropolitan West High Yield Bond Fund
- 1D
- 0.22%
- 1M
- -0.87%
- 6M
- 0.55%
- YTD
- 1.17%
- 1Y
- 3.15%
- 3Y*
- 6.26%
- 5Y*
- 2.19%
- 10Y*
- 4.44%
- ALL TIME*
- 6.77%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MWHYX Monthly Returns History
Based on dividend-adjusted daily data since Oct 2, 2002, MWHYX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2009 with a return of +10.2%, while the worst month was Oct 2008 at -10.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MWHYX closed higher 41% of trading days. The best single day was Jan 6, 2009 with a return of +3.1%, while the worst single day was Oct 10, 2008 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.61% | -0.06% | -0.67% | 1.43% | 0.48% | 0.26% | -0.87% | 1.17% | |||||
| 2025 | 0.95% | 0.70% | -0.53% | -0.01% | 0.98% | 1.63% | 0.50% | 0.47% | 0.49% | 0.06% | 0.43% | 0.28% | 6.09% |
| 2024 | 0.35% | 0.09% | 0.80% | -1.05% | 1.22% | 0.85% | 1.63% | 1.46% | 1.03% | -0.50% | 0.76% | -0.53% | 6.24% |
| 2023 | 3.52% | -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% | -6.39% | 5.37% | -1.70% | -4.88% | 2.19% | 1.72% | -0.19% | -12.58% |
| 2021 | 0.09% | -0.28% | -0.37% | 1.03% | 0.30% | 0.85% | 0.29% | 0.49% | 0.35% | -0.46% | -1.02% | 1.56% | 2.85% |
Benchmark Metrics
Metropolitan West High Yield Bond Fund has an annualized alpha of 5.85%, beta of 0.09, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since October 02, 2002.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (37.41%) than losses (28.05%) - typical of diversified or defensive assets.
- Beta of 0.09 may look defensive, but with R2 of 0.12 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 0.12 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
- 5.85%
- Beta
- 0.09
- R²
- 0.12
- Upside Capture
- 37.41%
- Downside Capture
- 28.05%
Expense Ratio
MWHYX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MWHYX ranks 45 for risk / return — above 45% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Metropolitan West High Yield Bond Fund (MWHYX) 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.
| MWHYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.00 | -0.23 |
| Martin ratioReturn relative to average drawdown | 7.54 | 8.49 | -0.95 |
Dividends
Dividend History
Metropolitan West High Yield Bond Fund provided a 6.13% dividend yield over the last twelve months, with an annual payout of $0.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.56 | $0.61 | $0.58 | $0.35 | $0.31 | $0.38 | $0.41 | $0.42 | $0.33 | $0.40 | $0.40 |
Dividend yield | 6.13% | 6.04% | 6.59% | 6.20% | 3.94% | 2.90% | 3.54% | 4.11% | 4.60% | 3.42% | 4.17% | 4.37% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.30 | |||||
| 2025 | $0.05 | $0.04 | $0.05 | $0.05 | $0.01 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.08 | $0.56 |
| 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 | $0.00 | $0.00 | $0.04 | $0.00 | $0.04 | $0.04 | $0.04 | $0.35 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
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 28.94%, occurring on Dec 15, 2008. Recovery took 120 trading sessions.
The current Metropolitan West High Yield Bond Fund drawdown is 0.98%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-28.94%Dec 2008 | 1y 6mo | 5mo 26d | 2y 5dJun 2007 - Jun 2009 | Financial crisis2007–2009 |
-15.95%Sep 2022 | 10mo 23d | 1y 10mo | 2y 8moNov 2021 - Jul 2024 | Bear market2022 |
-14.24%Mar 2020 | 18d | 2mo 5d | 2mo 23dMar 2020 - May 2020 | COVID crash2020 |
-12.40%Oct 2011 | 5mo 4d | 6mo 29d | 12mo 3dMay 2011 - Apr 2012 | — |
-8.80%Feb 2016 | 1y 5mo | 6mo 6d | 1y 11moSep 2014 - Aug 2016 | — |
Drawdown Indicators
| MWHYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.94% | -56.78% | +27.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -9.10% | +7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.10% | -18.90% | +15.80% |
Max Drawdown (5Y)Largest decline over 5 years | -15.95% | -25.43% | +9.48% |
Max Drawdown (10Y)Largest decline over 10 years | -15.95% | -33.92% | +17.97% |
Current DrawdownCurrent decline from peak | -0.98% | -1.58% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -10.70% | +8.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 2.14% | -1.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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