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Metropolitan West Ultra Short Bond Fund (MWUSX) Sharpe Ratio: 2.01

Mutual Fund · Currency in USD · Last updated Jul 17, 2026

The investment seeks to maximize current income, consistent with preservation of capital. The fund pursues its objective by investing at least 90% of its net assets in investment grade fixed income securities or unrated securities determined by the Adviser to be of comparable quality. It also invests at least 80% of its net assets, plus any borrowings for investment purposes in fixed income securities it regards as bonds. The portfolio duration will remain within one year of its benchmark index, and its dollar-weighted average maturity can exceed one year.

MWUSX's Sharpe Ratio of 2.01 indicates that for each unit of volatility, it generates 2.01 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 17, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MWUSX Sharpe Ratio Rank

MWUSX Sharpe Ratio Rank: 75.375
Above Average

MWUSX ranks above 75.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

MWUSX Sharpe Ratio Market Positioning

The chart shows MWUSX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.18 or lower
  • Yellow zone (middle 50%): 1.18 to 2.03
  • Green zone (top 25%): 2.03 or higher
  • Top 1%: 3.86+
  • Median: 1.68 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Metropolitan West Ultra Short Bond Fund's Sharpe Ratio with other mutual funds in the Ultrashort Bond category across multiple time periods, showing how MWUSX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 17, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NUSIXNavigator Ultra Short Term Bond Fund6.92
TMPFXTactical Multi-Purpose Fund6.49
BUBSXBaird Ultra Short Bond Fund6.24
DFIHXDFA One Year Fixed Income Portfolio6.15
BUBIXBaird Ultra Short Bond Fund Institutional Class5.52
ENIAXSEI Institutional Investments Trust Opportunistic Income Fund5.27
CBUDXCrossingBridge Ultra-Short Duration Fund5.13
DFYGXDFA Two-Year Government Portfolio4.71
PRTBXPermanent Portfolio Short-Term Treasury Portfolio4.70
CUSDXSix Circles Ultra Short Duration Fund4.57
MWUSXMetropolitan West Ultra Short Bond Fund2.01

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MWUSX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MWUSX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does MWUSX fit in your portfolio?

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