GMODX vs. MWCIX
Compare and contrast key facts about GMO Opportunistic Income Fund (GMODX) and Metropolitan West Unconstrained Bond Fund (MWCIX).
GMODX is managed by GMO. It was launched on Oct 2, 2011. MWCIX is managed by Metropolitan West Funds. It was launched on Sep 29, 2011.
Performance
GMODX vs. MWCIX - Performance Comparison
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GMODX vs. MWCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMODX GMO Opportunistic Income Fund | 0.74% | 6.47% | 6.11% | 7.07% | -2.09% | 2.83% | 3.34% | 3.83% | 4.01% | 6.41% |
MWCIX Metropolitan West Unconstrained Bond Fund | -0.10% | 7.50% | 5.40% | 6.07% | -9.39% | 0.65% | 4.54% | 6.49% | 1.11% | 3.98% |
Returns By Period
In the year-to-date period, GMODX achieves a 0.74% return, which is significantly higher than MWCIX's -0.10% return. Over the past 10 years, GMODX has outperformed MWCIX with an annualized return of 4.36%, while MWCIX has yielded a comparatively lower 2.81% annualized return.
GMODX
- 1D
- -0.37%
- 1M
- -0.57%
- YTD
- 0.74%
- 6M
- 1.99%
- 1Y
- 4.96%
- 3Y*
- 6.18%
- 5Y*
- 3.87%
- 10Y*
- 4.36%
MWCIX
- 1D
- 0.19%
- 1M
- -0.86%
- YTD
- -0.10%
- 6M
- 1.18%
- 1Y
- 4.85%
- 3Y*
- 5.32%
- 5Y*
- 1.89%
- 10Y*
- 2.81%
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GMODX vs. MWCIX - Expense Ratio Comparison
GMODX has a 0.47% expense ratio, which is lower than MWCIX's 0.76% expense ratio.
Return for Risk
GMODX vs. MWCIX — Risk / Return Rank
GMODX
MWCIX
GMODX vs. MWCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Opportunistic Income Fund (GMODX) and Metropolitan West Unconstrained Bond Fund (MWCIX). 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.
| GMODX | MWCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.01 | 1.91 | +1.10 |
Sortino ratioReturn per unit of downside risk | 4.91 | 3.06 | +1.86 |
Omega ratioGain probability vs. loss probability | 1.69 | 1.41 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 5.16 | 3.17 | +1.99 |
Martin ratioReturn relative to average drawdown | 23.65 | 11.16 | +12.49 |
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
| GMODX | MWCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 1.91 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.53 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.44 | 0.90 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.38 | 1.45 | -0.07 |
Correlation
The correlation between GMODX and MWCIX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GMODX vs. MWCIX - Dividend Comparison
GMODX's dividend yield for the trailing twelve months is around 5.03%, more than MWCIX's 4.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMODX GMO Opportunistic Income Fund | 5.03% | 4.99% | 5.28% | 6.17% | 5.44% | 2.10% | 4.15% | 5.69% | 4.35% | 2.66% | 2.55% | 1.71% |
MWCIX Metropolitan West Unconstrained Bond Fund | 4.75% | 5.26% | 5.93% | 4.87% | 3.50% | 3.39% | 3.46% | 3.89% | 3.77% | 2.81% | 3.22% | 2.15% |
Drawdowns
GMODX vs. MWCIX - Drawdown Comparison
The maximum GMODX drawdown since its inception was -8.79%, smaller than the maximum MWCIX drawdown of -13.00%. Use the drawdown chart below to compare losses from any high point for GMODX and MWCIX.
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Drawdown Indicators
| GMODX | MWCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.79% | -13.00% | +4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -1.73% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -5.79% | -13.00% | +7.21% |
Max Drawdown (10Y)Largest decline over 10 years | -8.79% | -13.00% | +4.21% |
Current DrawdownCurrent decline from peak | -0.73% | -1.24% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -1.51% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.49% | -0.28% |
Volatility
GMODX vs. MWCIX - Volatility Comparison
The current volatility for GMO Opportunistic Income Fund (GMODX) is 0.58%, while Metropolitan West Unconstrained Bond Fund (MWCIX) has a volatility of 0.86%. This indicates that GMODX experiences smaller price fluctuations and is considered to be less risky than MWCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMODX | MWCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.86% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 1.66% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.68% | 2.65% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.83% | 3.59% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.04% | 3.13% | -0.09% |