Metropolitan West Investment Grade Credit Fund (MWIGX) belongs to the Intermediate Core-Plus Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MWIGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MWIGX
MWIGX charges 1.87% annually. There are 128 mutual funds in the Intermediate Core-Plus Bond category with lower expense ratios, going as low as 0.16%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Mercer Core Fixed Income Fund | 0.16% | — | Aug 2005 | MWIGX vs MCFIX | |
| State Street Income Fund | 0.20% | — | Jan 1980 | MWIGX vs SSASX | |
| TIAA-CREF Core Bond Fund | 0.29% | — | Jul 1999 | MWIGX vs TIBDX | |
| Elfun Income Fund | 0.29% | — | Dec 1984 | MWIGX vs EINFX | |
| Baird Core Plus Bond Fund | 0.30% | — | Sep 2000 | MWIGX vs BCOIX |
Best Risk-Adjusted Alternatives to MWIGX
MWIGX has a PortfoliosLab risk / return rank of 23. There are 19 mutual funds in the Intermediate Core-Plus Bond category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 98 | — | Jul 2016 | MWIGX vs HOBIX | |
| GMO Multi-Sector Fixed Income Fund | 89 | — | Apr 1997 | MWIGX vs GUGAX | |
| Leader Capital High Quality Income Fund Institutio... | 86 | — | Jul 2010 | MWIGX vs LCTIX | |
| MassMutual Diversified Bond Fund | 82 | — | May 1999 | MWIGX vs MDVAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 81 | — | Jul 2010 | MWIGX vs LCTRX |
Top Performing MWIGX Alternatives (YTD)
MWIGX is at -0.45% YTD. There are 33 mutual funds in the Intermediate Core-Plus Bond category with higher YTD returns, going as high as 2.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Core Plus Impact Fund | 2.50% | — | Apr 2021 | MWIGX vs NPCT | |
| Holbrook Income Fund Class I | 2.33% | — | Jul 2016 | MWIGX vs HOBIX | |
| MassMutual Diversified Bond Fund | 2.33% | — | May 1999 | MWIGX vs MDVAX | |
| Putnam Mortgage Securities Fund | 1.90% | — | Feb 1984 | MWIGX vs PGSIX | |
| Ancora Income Fund | 1.60% | — | Jan 2004 | MWIGX vs AAIIX |
Lowest Volatility Alternatives to MWIGX
MWIGX has 3.17% 1-year volatility. There are 11 mutual funds in the Intermediate Core-Plus Bond category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AAMA Income Fund | 1.17% | — | Jun 2017 | MWIGX vs AMFIX | |
| Archer Income Fund | 1.83% | — | Mar 2011 | MWIGX vs ARINX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 2.05% | — | Jul 2010 | MWIGX vs LCTRX | |
| Holbrook Income Fund Class I | 2.05% | — | Jul 2016 | MWIGX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 2.10% | — | Jul 2010 | MWIGX vs LCTIX |
Lowest Drawdown Alternatives to MWIGX
MWIGX has a 1-year max drawdown of -2.35%. There are 10 mutual funds in the Intermediate Core-Plus Bond category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | -0.51% | — | Jul 2016 | MWIGX vs HOBIX | |
| AAMA Income Fund | -0.74% | — | Jun 2017 | MWIGX vs AMFIX | |
| GMO Multi-Sector Fixed Income Fund | -1.00% | — | Apr 1997 | MWIGX vs GUGAX | |
| Leader Capital High Quality Income Fund Institutio... | -1.17% | — | Jul 2010 | MWIGX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | -1.17% | — | Jul 2010 | MWIGX vs LCTRX |
Other Mutual Funds from Metropolitan West Funds
The 8 most viewed Metropolitan West Funds mutual funds shown here include MWTIX, MWTRX, MWCIX 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 | 12 | -1.15% | — | — | MWIGX vs MWTIX | |
| Metropolitan West Total Return Bond Fund | Intermediate Core-Plus Bond | 11 | -1.16% | — | Mar 1997 | MWIGX vs MWTRX | |
| Metropolitan West Unconstrained Bond Fund | Nontraditional Bonds | 78 | 0.98% | — | Sep 2011 | MWIGX vs MWCIX | |
| Metropolitan West High Yield Bond Fund | High Yield Bonds | 33 | 1.17% | — | Sep 2002 | MWIGX vs MWHYX | |
| Metropolitan West Strategic Income Fund | Nontraditional Bonds | 80 | 1.10% | — | Jun 2003 | MWIGX vs MWSTX | |
| Metropolitan West Low Duration Bond Fund | Short-Term Bond | 64 | 0.39% | — | Mar 1997 | MWIGX vs MWLDX | |
| Metropolitan West Ultra Short Bond Fund | Ultrashort Bond | 91 | 1.24% | — | Jun 2003 | MWIGX vs MWUSX | |
| MetWest ESG Securitized Fund | Intermediate Core-Plus Bond | 27 | -0.31% | — | Sep 2021 | MWIGX vs MWESX |
Often Compared With MWIGX
Investors most often compare MWIGX with ANBAX, SWDA.L, VFIDX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MWIGX with Any Fund or Stock
Compare MWIGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MWIGX with funds that move differently
Metropolitan West Investment Grade Credit Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MWIGX.
Explore MWIGX Diversifiers