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 86. There are 58 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | MWUSX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | MWUSX vs BUBSX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | MWUSX vs BUBIX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | MWUSX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 100 | — | Dec 2006 | MWUSX vs ENIAX |
Top Performing MWUSX Alternatives (YTD)
MWUSX is at 1.16% YTD. There are 53 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | MWUSX vs SEMRX | |
| PIMCO Short Term Fund | 1.92% | — | Oct 1987 | MWUSX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | MWUSX vs PAIPX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 1.73% | — | Apr 2011 | MWUSX vs MYFRX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 1.64% | — | Jul 2017 | MWUSX vs TRSTX |
Lowest Volatility Alternatives to MWUSX
MWUSX has 2.01% 1-year volatility. There are 64 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.56% | — | Mar 2017 | MWUSX vs TMPFX | |
| Baird Ultra Short Bond Fund | 0.62% | — | Dec 2013 | MWUSX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | 0.63% | — | Mar 2019 | MWUSX vs NUSIX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.68% | — | Sep 1987 | MWUSX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.70% | — | Dec 2013 | MWUSX vs BUBIX |
Lowest Drawdown Alternatives to MWUSX
MWUSX has a 1-year max drawdown of -0.72%. There are 58 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.00% | — | Mar 2017 | MWUSX vs TMPFX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | MWUSX vs UGSDX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | MWUSX vs FHQFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | MWUSX vs MUIIX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | MWUSX vs NUSIX |
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 | 20 | 0.24% | — | — | MWUSX vs MWTIX | |
| Metropolitan West Total Return Bond Fund | Intermediate Core-Plus Bond | 18 | 0.14% | — | Mar 1997 | MWUSX vs MWTRX | |
| Metropolitan West Unconstrained Bond Fund | Nontraditional Bonds | 84 | 1.41% | — | Sep 2011 | MWUSX vs MWCIX | |
| Metropolitan West High Yield Bond Fund | High Yield Bonds | 63 | 1.79% | — | Sep 2002 | MWUSX vs MWHYX | |
| Metropolitan West Strategic Income Fund | Nontraditional Bonds | 80 | 1.46% | — | Jun 2003 | MWUSX vs MWSTX | |
| Metropolitan West Low Duration Bond Fund | Short-Term Bond | 59 | 0.54% | — | Mar 1997 | MWUSX vs MWLDX | |
| Metropolitan West Investment Grade Credit Fund | Intermediate Core-Plus Bond | 37 | 0.46% | — | Jun 2018 | MWUSX vs MWIGX | |
| MetWest ESG Securitized Fund | Intermediate Core-Plus Bond | 35 | 0.82% | — | Sep 2021 | MWUSX vs MWESX |
Often Compared With MWUSX
Investors most often compare MWUSX with BUSIX, CBUDX, EALDX. These 7 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Sterling Capital Ultra Short Bond Fund | Ultrashort Bond | — | — | — | Nov 2012 | MWUSX vs BUSIX | |
| CrossingBridge Ultra-Short Duration Fund | Ultrashort Bond | 99 | 1.54% | — | Jun 2021 | MWUSX vs CBUDX | |
| Eaton Vance Short Duration Government Income Fund | Ultrashort Bond | 70 | 1.21% | — | Sep 2002 | MWUSX vs EALDX | |
| Touchstone Ultra Short Duration Fixed Income Fund | Ultrashort Bond | 98 | 1.59% | — | Mar 1994 | MWUSX vs TSDOX | |
| Northern Ultra-Short Fixed Income Fund | Ultrashort Bond | 98 | 1.24% | — | Jun 2009 | MWUSX vs NUSFX | |
| T. Rowe Price Ultra Short-Term Bond Fund | Ultrashort Bond | 99 | 1.59% | — | Dec 2012 | MWUSX vs TRBUX | |
| Guggenheim Ultra Short Duration Fund | Ultrashort Bond | 98 | 1.63% | — | Mar 2014 | MWUSX vs GIYIX |
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