Metropolitan West Ultra Short Bond Fund (MWUSX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MWUSX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MWUSX
MWUSX charges 0.50% annually. There are 45 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | MWUSX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | MWUSX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | MWUSX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | MWUSX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | MWUSX vs DFYGX |
Best Risk-Adjusted Alternatives to MWUSX
MWUSX has a PortfoliosLab risk / return rank of 87. There are 63 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | MWUSX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | MWUSX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | MWUSX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | MWUSX vs DFIHX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | MWUSX vs PAIPX |
Top Performing MWUSX Alternatives (YTD)
MWUSX is at 1.00% YTD. There are 57 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.51%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.51% | — | Dec 2010 | MWUSX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | MWUSX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 2.13% | — | May 2012 | MWUSX vs PAIPX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | — | Dec 2012 | MWUSX vs TRBUX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 2.01% | — | Mar 2016 | MWUSX vs TSDUX |
Lowest Volatility Alternatives to MWUSX
MWUSX has 2.09% 1-year volatility. There are 65 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | MWUSX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | MWUSX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 0.63% | — | Jul 1983 | MWUSX vs DFIHX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | MWUSX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.66% | — | Sep 1987 | MWUSX vs PRTBX |
Lowest Drawdown Alternatives to MWUSX
MWUSX has a 1-year max drawdown of -0.72%. There are 60 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | MWUSX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | MWUSX vs NUSIX | |
| PIMCO Short Asset Investment Fund | -0.10% | — | May 2012 | MWUSX vs PAIPX | |
| Tactical Multi-Purpose Fund | -0.10% | — | Mar 2017 | MWUSX vs TMPFX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | MWUSX vs FHQFX |
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 | 18 | -0.49% | — | — | MWUSX vs MWTIX | |
| Metropolitan West Total Return Bond Fund | Intermediate Core-Plus Bond | 15 | -0.61% | — | Mar 1997 | MWUSX vs MWTRX | |
| Metropolitan West Unconstrained Bond Fund | Nontraditional Bonds | 85 | 1.18% | — | Sep 2011 | MWUSX vs MWCIX | |
| Metropolitan West High Yield Bond Fund | High Yield Bonds | 57 | 1.83% | — | Sep 2002 | MWUSX vs MWHYX | |
| Metropolitan West Strategic Income Fund | Nontraditional Bonds | 87 | 1.26% | — | Jun 2003 | MWUSX vs MWSTX | |
| Metropolitan West Low Duration Bond Fund | Short-Term Bond | 64 | 0.39% | — | Mar 1997 | MWUSX vs MWLDX | |
| Metropolitan West Investment Grade Credit Fund | Intermediate Core-Plus Bond | 30 | -0.19% | — | Jun 2018 | MWUSX vs MWIGX | |
| MetWest ESG Securitized Fund | Intermediate Core-Plus Bond | 37 | 0.39% | — | Sep 2021 | MWUSX vs MWESX |
Often Compared With MWUSX
Investors most often compare MWUSX with TSDOX, EALDX, CBUDX. These 11 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare MWUSX with Any Fund or Stock
Compare MWUSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MWUSX with funds that move differently
Metropolitan West Ultra Short Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MWUSX.
Explore MWUSX Diversifiers