BAGIX vs. MWTIX
Compare and contrast key facts about Baird Aggregate Bond Fund Class I (BAGIX) and Metropolitan West Total Return Bond Fund Class I (MWTIX).
BAGIX is managed by Baird. It was launched on Sep 29, 2000. MWTIX is managed by Metropolitan West Funds.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAGIX or MWTIX.
Key characteristics
| BAGIX | MWTIX | |
|---|---|---|
| YTD Return | 2.13% | 1.18% |
| 1Y Return | 9.01% | 8.68% |
| 3Y Return (Ann) | -1.97% | -2.91% |
| 5Y Return (Ann) | 0.01% | -1.32% |
| 10Y Return (Ann) | 1.72% | 0.62% |
| Sharpe Ratio | 1.53 | 1.26 |
| Sortino Ratio | 2.27 | 1.87 |
| Omega Ratio | 1.28 | 1.23 |
| Calmar Ratio | 0.57 | 0.42 |
| Martin Ratio | 5.76 | 4.26 |
| Ulcer Index | 1.56% | 2.04% |
| Daily Std Dev | 5.90% | 6.87% |
| Max Drawdown | -19.44% | -23.26% |
| Current Drawdown | -8.15% | -13.55% |
Correlation
The correlation between BAGIX and MWTIX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BAGIX vs. MWTIX - Performance Comparison
In the year-to-date period, BAGIX achieves a 2.13% return, which is significantly higher than MWTIX's 1.18% return. Over the past 10 years, BAGIX has outperformed MWTIX with an annualized return of 1.72%, while MWTIX has yielded a comparatively lower 0.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BAGIX vs. MWTIX - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is lower than MWTIX's 0.45% expense ratio.
Risk-Adjusted Performance
BAGIX vs. MWTIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and Metropolitan West Total Return Bond Fund Class I (MWTIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BAGIX vs. MWTIX - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 3.90%, less than MWTIX's 4.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 3.90% | 3.46% | 2.69% | 1.92% | 2.29% | 2.76% | 2.89% | 2.55% | 2.47% | 2.47% | 2.90% | 3.32% |
MWTIX Metropolitan West Total Return Bond Fund Class I | 4.37% | 4.11% | 2.93% | 1.30% | 1.78% | 2.76% | 2.73% | 2.16% | 2.09% | 1.84% | 2.30% | 3.13% |
Drawdowns
BAGIX vs. MWTIX - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -19.44%, smaller than the maximum MWTIX drawdown of -23.26%. Use the drawdown chart below to compare losses from any high point for BAGIX and MWTIX. For additional features, visit the drawdowns tool.
Volatility
BAGIX vs. MWTIX - Volatility Comparison
The current volatility for Baird Aggregate Bond Fund Class I (BAGIX) is 1.73%, while Metropolitan West Total Return Bond Fund Class I (MWTIX) has a volatility of 1.87%. This indicates that BAGIX experiences smaller price fluctuations and is considered to be less risky than MWTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.