Metropolitan West Low Duration Bond Fund (MWLDX) belongs to the Short-Term Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MWLDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MWLDX
MWLDX charges 0.62% annually. There are 83 mutual funds in the Short-Term Bond category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Institutional Intermediate-Term Bond Fund | 0.02% | — | Jun 2015 | MWLDX vs VIITX | |
| Vanguard Institutional Short-Term Bond Fund | 0.02% | — | Jun 2015 | MWLDX vs VISTX | |
| Fidelity Short-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | MWLDX vs FUMBX | |
| Vanguard Short-Term Bond Index Fund Admiral Shares | 0.06% | 69.90B | Nov 2001 | MWLDX vs VBIRX | |
| Schwab Short-Term Bond Index Fund | 0.06% | — | Feb 2017 | MWLDX vs SWSBX |
Best Risk-Adjusted Alternatives to MWLDX
MWLDX has a PortfoliosLab risk / return rank of 75. There are 83 mutual funds in the Short-Term Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 100 | — | Jun 1996 | MWLDX vs DFCFX | |
| GuidepathConservative Income Fund | 99 | — | Apr 2018 | MWLDX vs GPICX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 99 | — | Jul 2016 | MWLDX vs DHEIX | |
| Diamond Hill Short Duration Securitized Bond Fund | 99 | — | Jul 2016 | MWLDX vs DHEAX | |
| Destinations Low Duration Fixed Income Fund | 98 | — | Mar 2017 | MWLDX vs DLDFX |
Top Performing MWLDX Alternatives (YTD)
MWLDX is at 0.51% YTD. There are 100 mutual funds in the Short-Term Bond category with higher YTD returns, going as high as 8.09%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 8.09% | — | Apr 2011 | MWLDX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 3.65% | — | Jul 2005 | MWLDX vs LCCMX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 2.50% | — | Jul 2016 | MWLDX vs DHEIX | |
| DFA Short-Duration Real Return Portfolio | 2.38% | — | Nov 2013 | MWLDX vs DFAIX | |
| SEI Asset Allocation Trust Defensive Strategy Fund | 2.33% | — | Nov 2003 | MWLDX vs SNSAX |
Lowest Volatility Alternatives to MWLDX
MWLDX has 2.10% 1-year volatility. There are 83 mutual funds in the Short-Term Bond category with lower 1-year volatility, going as low as 0.72%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.72% | — | Jun 1996 | MWLDX vs DFCFX | |
| GuidepathConservative Income Fund | 0.79% | — | Apr 2018 | MWLDX vs GPICX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 1.07% | — | Jul 2016 | MWLDX vs DHEIX | |
| DFA Short-Term Extended Quality Portfolio | 1.12% | — | Mar 2009 | MWLDX vs DFEQX | |
| Diamond Hill Short Duration Securitized Bond Fund | 1.12% | — | Jul 2016 | MWLDX vs DHEAX |
Lowest Drawdown Alternatives to MWLDX
MWLDX has a 1-year max drawdown of -1.29%. There are 62 mutual funds in the Short-Term Bond category with shallower 1-year drawdowns, going as shallow as -0.21%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | -0.21% | — | Jun 1996 | MWLDX vs DFCFX | |
| GuidepathConservative Income Fund | -0.25% | — | Apr 2018 | MWLDX vs GPICX | |
| DFA Short-Duration Real Return Portfolio | -0.47% | — | Nov 2013 | MWLDX vs DFAIX | |
| Diamond Hill Short Duration Securitized Bond Fund | -0.50% | — | Jul 2016 | MWLDX vs DHEAX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | -0.50% | — | Jul 2016 | MWLDX vs DHEIX |
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 | 20 | -0.71% | — | — | MWLDX vs MWTIX | |
| Metropolitan West Total Return Bond Fund | Intermediate Core-Plus Bond | 17 | -0.83% | — | Mar 1997 | MWLDX vs MWTRX | |
| Metropolitan West Unconstrained Bond Fund | Nontraditional Bonds | 87 | 1.18% | — | Sep 2011 | MWLDX vs MWCIX | |
| Metropolitan West High Yield Bond Fund | High Yield Bonds | 50 | 1.17% | — | Sep 2002 | MWLDX vs MWHYX | |
| Metropolitan West Strategic Income Fund | Nontraditional Bonds | 88 | 1.26% | — | Jun 2003 | MWLDX vs MWSTX | |
| Metropolitan West Investment Grade Credit Fund | Intermediate Core-Plus Bond, Investment Grade Bonds | 31 | -0.32% | — | Jun 2018 | MWLDX vs MWIGX | |
| Metropolitan West Ultra Short Bond Fund | Ultrashort Bond | 93 | 1.24% | — | Jun 2003 | MWLDX vs MWUSX | |
| MetWest ESG Securitized Fund | Intermediate Core-Plus Bond | 38 | 0.16% | — | Sep 2021 | MWLDX vs MWESX |
Often Compared With MWLDX
Investors most often compare MWLDX with VBTLX, SGOV, VWEHX. These 12 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare MWLDX with Any Fund or Stock
Compare MWLDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MWLDX with funds that move differently
Metropolitan West Low Duration Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MWLDX.
Explore MWLDX Diversifiers