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 79 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 Short-Term Bond Fund | 0.02% | — | Jun 2015 | MWLDX vs VISTX | |
| Vanguard Institutional Intermediate-Term Bond Fund | 0.02% | — | Jun 2015 | MWLDX vs VIITX | |
| Fidelity Short-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | MWLDX vs FUMBX | |
| Schwab Short-Term Bond Index Fund | 0.06% | — | Feb 2017 | MWLDX vs SWSBX | |
| TIAA-CREF Short-Term Bond Index Fund | 0.09% | — | Aug 2015 | MWLDX vs TNSHX |
Best Risk-Adjusted Alternatives to MWLDX
MWLDX has a PortfoliosLab risk / return rank of 52. There are 93 mutual funds in the Short-Term Bond category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| 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 | |
| DFA Short-Duration Real Return Portfolio | 98 | — | Nov 2013 | MWLDX vs DFAIX | |
| BlackRock Allocation Target Shares Series A Portfo... | 97 | — | Sep 2015 | MWLDX vs BATAX |
Top Performing MWLDX Alternatives (YTD)
MWLDX is at 0.18% YTD. There are 105 mutual funds in the Short-Term Bond category with higher YTD returns, going as high as 8.20%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 8.20% | — | Apr 2011 | MWLDX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 4.01% | — | Jul 2005 | MWLDX vs LCCMX | |
| DFA Short-Duration Real Return Portfolio | 2.10% | — | Nov 2013 | MWLDX vs DFAIX | |
| Holbrook Income Fund | 1.91% | — | Jul 2016 | MWLDX vs HOBEX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 1.88% | — | Jul 2016 | MWLDX vs DHEIX |
Lowest Volatility Alternatives to MWLDX
MWLDX has 2.08% 1-year volatility. There are 73 mutual funds in the Short-Term Bond category with lower 1-year volatility, going as low as 0.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidepathConservative Income Fund | 0.80% | — | Apr 2018 | MWLDX vs GPICX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 1.07% | — | Jul 2016 | MWLDX vs DHEIX | |
| Diamond Hill Short Duration Securitized Bond Fund | 1.12% | — | Jul 2016 | MWLDX vs DHEAX | |
| DFA Short-Term Extended Quality Portfolio | 1.13% | — | Mar 2009 | MWLDX vs DFEQX | |
| DoubleLine Low Duration Bond Fund Class N | 1.19% | — | Sep 2011 | MWLDX vs DLSNX |
Lowest Drawdown Alternatives to MWLDX
MWLDX has a 1-year max drawdown of -1.29%. There are 60 mutual funds in the Short-Term Bond category with shallower 1-year drawdowns, going as shallow as -0.25%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| 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 | |
| Holbrook Income Fund | -0.61% | — | Jul 2016 | MWLDX vs HOBEX |
Other Mutual Funds from Metropolitan West Funds
The 8 most viewed Metropolitan West Funds mutual funds shown here include MWTIX, MWTRX, MWCIX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Metropolitan West Total Return Bond Fund Class I | Total Bond Market | 17 | 0.02% | — | — | MWLDX vs MWTIX | |
| Metropolitan West Total Return Bond Fund | Intermediate Core-Plus Bond | 15 | -0.08% | — | Mar 1997 | MWLDX vs MWTRX | |
| Metropolitan West Unconstrained Bond Fund | Nontraditional Bonds | 83 | 1.12% | — | Sep 2011 | MWLDX vs MWCIX | |
| Metropolitan West High Yield Bond Fund | High Yield Bonds | 56 | 1.57% | — | Sep 2002 | MWLDX vs MWHYX | |
| Metropolitan West Strategic Income Fund | Nontraditional Bonds | 82 | 1.13% | — | Jun 2003 | MWLDX vs MWSTX | |
| Metropolitan West Investment Grade Credit Fund | Intermediate Core-Plus Bond | 29 | -0.05% | — | Jun 2018 | MWLDX vs MWIGX | |
| Metropolitan West Ultra Short Bond Fund | Ultrashort Bond | 85 | 0.91% | — | Jun 2003 | MWLDX vs MWUSX | |
| MetWest ESG Securitized Fund | Intermediate Core-Plus Bond | 32 | 0.59% | — | Sep 2021 | MWLDX vs MWESX |
Often Compared With MWLDX
Investors most often compare MWLDX with VBTLX, SGOV, VWEHX. These 11 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vanguard Total Bond Market Index Fund Admiral Shar... | Total Bond Market | 18 | 0.11% | 394.40B | Nov 2001 | MWLDX vs VBTLX | |
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 1.71% | 95.28B | May 2020 | MWLDX vs SGOV | |
| Vanguard High-Yield Corporate Fund Investor Shares | High Yield Bonds | 66 | 0.97% | 25.80B | Dec 1978 | MWLDX vs VWEHX | |
| Sextant Short Term Bond Fund | Short-Term Bond | — | — | — | Sep 1995 | MWLDX vs STBFX | |
| SEI Asset Allocation Trust Defensive Strategy Fund | Short-Term Bond | 85 | 1.56% | — | Nov 2003 | MWLDX vs SNSAX | |
| DFA Two-Year Fixed Income Portfolio | Short-Term Bond | 65 | 1.62% | — | Jun 1996 | MWLDX vs DFCFX | |
| Vanguard Short-Term Bond Index Fund | Short-Term Bond | 29 | -0.13% | — | Mar 1994 | MWLDX vs VBISX | |
| Destinations Low Duration Fixed Income Fund | Short-Term Bond | 95 | 1.72% | — | Mar 2017 | MWLDX vs DLDFX | |
| T. Rowe Price Short Duration Income Fund | Short-Term Bond | 86 | 0.58% | — | Dec 2020 | MWLDX vs TSDLX | |
| DoubleLine Low Duration Bond Fund | Short-Term Bond | 97 | 1.06% | — | Sep 2011 | MWLDX vs DBLSX | |
| CM Advisors Fixed Income Fund | Short-Term Bond | 70 | 0.73% | — | Mar 2006 | MWLDX vs CMFIX |
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