Metropolitan West Strategic Income Fund (MWSTX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MWSTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MWSTX
MWSTX charges 1.04% annually. There are 42 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | MWSTX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | MWSTX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | MWSTX vs SUBFX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | MWSTX vs PUTIX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | MWSTX vs FPFIX |
Best Risk-Adjusted Alternatives to MWSTX
MWSTX has a PortfoliosLab risk / return rank of 80. There are 20 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | MWSTX vs CBYYX | |
| PGIM Securitized Credit Fund | 99 | — | Jun 2019 | MWSTX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | MWSTX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | MWSTX vs APFPX | |
| DoubleLine Flexible Income Fund | 98 | — | Apr 2014 | MWSTX vs DFLEX |
Top Performing MWSTX Alternatives (YTD)
MWSTX is at 1.46% YTD. There are 27 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 6.67%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 6.67% | — | Aug 2010 | MWSTX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 4.69% | — | Apr 2015 | MWSTX vs PMOTX | |
| Anchor Risk Managed Credit Strategies Fund | 4.38% | — | Sep 2015 | MWSTX vs ATCSX | |
| Eaton Vance Global Macro Absolute Return Fund | 4.26% | — | Jun 2007 | MWSTX vs EIGMX | |
| Artisan Global Unconstrained Fund | 4.00% | — | Mar 2022 | MWSTX vs APFPX |
Lowest Volatility Alternatives to MWSTX
MWSTX has 2.54% 1-year volatility. There are 31 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.01% | — | Dec 2004 | MWSTX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.23% | — | Jan 2023 | MWSTX vs CBYYX | |
| DoubleLine Flexible Income Fund | 1.31% | — | Apr 2014 | MWSTX vs DFLEX | |
| GMO Opportunistic Income Fund | 1.35% | — | Oct 2011 | MWSTX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | MWSTX vs BGCIX |
Lowest Drawdown Alternatives to MWSTX
MWSTX has a 1-year max drawdown of -1.45%. There are 16 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | MWSTX vs CBYYX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | MWSTX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | MWSTX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | MWSTX vs GMODX | |
| PGIM Absolute Return Bond Fund | -0.76% | — | Mar 2011 | MWSTX vs PADZX |
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 | 19 | 0.02% | — | — | MWSTX vs MWTIX | |
| Metropolitan West Total Return Bond Fund | Intermediate Core-Plus Bond | 17 | -0.08% | — | Mar 1997 | MWSTX vs MWTRX | |
| Metropolitan West Unconstrained Bond Fund | Nontraditional Bonds | 84 | 1.41% | — | Sep 2011 | MWSTX vs MWCIX | |
| Metropolitan West High Yield Bond Fund | High Yield Bonds | 63 | 1.79% | — | Sep 2002 | MWSTX vs MWHYX | |
| Metropolitan West Low Duration Bond Fund | Short-Term Bond | 59 | 0.54% | — | Mar 1997 | MWSTX vs MWLDX | |
| Metropolitan West Investment Grade Credit Fund | Intermediate Core-Plus Bond | 37 | 0.46% | — | Jun 2018 | MWSTX vs MWIGX | |
| Metropolitan West Ultra Short Bond Fund | Ultrashort Bond | 86 | 1.16% | — | Jun 2003 | MWSTX vs MWUSX | |
| MetWest ESG Securitized Fund | Intermediate Core-Plus Bond | 35 | 0.82% | — | Sep 2021 | MWSTX vs MWESX |
Often Compared With MWSTX
Investors most often compare MWSTX with AFLIX, TUIFX, RPIEX. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Anfield Universal Fixed Income Fund | Nontraditional Bonds | 93 | 1.31% | — | Jun 2013 | MWSTX vs AFLIX | |
| Toews Unconstrained Income Fund | Nontraditional Bonds | 49 | 0.38% | — | Aug 2013 | MWSTX vs TUIFX | |
| T. Rowe Price Dynamic Global Bond Fund | Nontraditional Bonds | 18 | 2.75% | — | Jan 2015 | MWSTX vs RPIEX | |
| T. Rowe Price Dynamic Credit Fund | Nontraditional Bonds | 75 | 0.28% | — | Jan 2019 | MWSTX vs RPIDX | |
| Templeton Global Total Return Fund | Nontraditional Bonds | 20 | 2.36% | — | Sep 2008 | MWSTX vs TTRZX | |
| Wavelength Interest Rate Neutral Fund | Nontraditional Bonds | 80 | 3.43% | — | Sep 2013 | MWSTX vs WAVLX |
Compare MWSTX with Any Fund or Stock
Compare MWSTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MWSTX with funds that move differently
Metropolitan West Strategic Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MWSTX.
Explore MWSTX Diversifiers