FIWGX vs. MWIGX
Compare and contrast key facts about Strategic Advisers Fidelity Core Income Fund (FIWGX) and Metropolitan West Investment Grade Credit Fund (MWIGX).
FIWGX is managed by Fidelity. It was launched on Oct 16, 2018. MWIGX is managed by Metropolitan West Funds. It was launched on Jun 29, 2018.
Performance
FIWGX vs. MWIGX - Performance Comparison
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FIWGX vs. MWIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIWGX Strategic Advisers Fidelity Core Income Fund | -0.76% | 6.90% | 2.14% | 6.51% | -13.71% | -0.37% | 10.21% | 9.39% | 1.28% |
MWIGX Metropolitan West Investment Grade Credit Fund | -0.48% | 7.99% | 3.82% | 6.55% | -13.01% | -1.13% | 8.41% | 11.21% | 1.77% |
Returns By Period
In the year-to-date period, FIWGX achieves a -0.76% return, which is significantly lower than MWIGX's -0.48% return.
FIWGX
- 1D
- 0.22%
- 1M
- -1.61%
- YTD
- -0.76%
- 6M
- -0.28%
- 1Y
- 2.78%
- 3Y*
- 3.79%
- 5Y*
- 0.39%
- 10Y*
- —
MWIGX
- 1D
- 0.38%
- 1M
- -1.36%
- YTD
- -0.48%
- 6M
- 0.45%
- 1Y
- 4.76%
- 3Y*
- 4.93%
- 5Y*
- 0.77%
- 10Y*
- —
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FIWGX vs. MWIGX - Expense Ratio Comparison
FIWGX has a 0.46% expense ratio, which is lower than MWIGX's 1.87% expense ratio.
Return for Risk
FIWGX vs. MWIGX — Risk / Return Rank
FIWGX
MWIGX
FIWGX vs. MWIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity Core Income Fund (FIWGX) and Metropolitan West Investment Grade Credit Fund (MWIGX). 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.
| FIWGX | MWIGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 1.38 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.09 | 2.07 | -0.98 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.27 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.24 | -0.83 |
Martin ratioReturn relative to average drawdown | 4.49 | 8.14 | -3.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIWGX | MWIGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.38 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.16 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.70 | -0.21 |
Correlation
The correlation between FIWGX and MWIGX is 0.84, 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.
Dividends
FIWGX vs. MWIGX - Dividend Comparison
FIWGX's dividend yield for the trailing twelve months is around 2.75%, less than MWIGX's 3.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIWGX Strategic Advisers Fidelity Core Income Fund | 2.75% | 3.68% | 4.36% | 3.79% | 2.24% | 1.77% | 6.83% | 4.30% | 0.57% |
MWIGX Metropolitan West Investment Grade Credit Fund | 3.39% | 3.70% | 4.52% | 4.97% | 6.33% | 4.25% | 9.21% | 12.03% | 3.98% |
Drawdowns
FIWGX vs. MWIGX - Drawdown Comparison
The maximum FIWGX drawdown since its inception was -18.42%, roughly equal to the maximum MWIGX drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for FIWGX and MWIGX.
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Drawdown Indicators
| FIWGX | MWIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.42% | -18.32% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -2.35% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -18.42% | -18.32% | -0.10% |
Current DrawdownCurrent decline from peak | -1.92% | -1.73% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -4.54% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.65% | +0.37% |
Volatility
FIWGX vs. MWIGX - Volatility Comparison
Strategic Advisers Fidelity Core Income Fund (FIWGX) and Metropolitan West Investment Grade Credit Fund (MWIGX) have volatilities of 1.31% and 1.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIWGX | MWIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.26% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.04% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 3.48% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 4.91% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 4.78% | +0.75% |