LAPIX vs. MWIGX
LAPIX (Lord Abbett Core Plus Bond Fund) and MWIGX (Metropolitan West Investment Grade Credit Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, LAPIX returned -0.19%/yr vs 0.39%/yr for MWIGX. Their correlation of 0.88 means they have usually moved in the same direction. LAPIX charges 0.48%/yr vs 1.87%/yr for MWIGX.
Performance
LAPIX vs. MWIGX - Performance Comparison
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Returns By Period
In the year-to-date period, LAPIX achieves a -1.05% return, which is significantly lower than MWIGX's -0.45% return.
LAPIX
- 1D
- -0.32%
- 1M
- -1.73%
- 6M
- -1.32%
- YTD
- -1.05%
- 1Y
- 1.79%
- 3Y*
- 4.55%
- 5Y*
- -0.19%
- 10Y*
- 1.76%
- ALL TIME*
- 2.08%
MWIGX
- 1D
- -0.13%
- 1M
- -1.01%
- 6M
- -0.64%
- YTD
- -0.45%
- 1Y
- 2.08%
- 3Y*
- 5.19%
- 5Y*
- 0.39%
- 10Y*
- —
- ALL TIME*
- 3.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LAPIX vs. MWIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LAPIX Lord Abbett Core Plus Bond Fund | -1.05% | 7.63% | 3.12% | 6.31% | -14.72% | 0.29% | 7.43% | 10.10% | 0.57% |
MWIGX Metropolitan West Investment Grade Credit Fund | -0.45% | 7.99% | 3.82% | 6.55% | -13.01% | -1.13% | 8.41% | 11.21% | 4.27% |
Correlation
The correlation between LAPIX and MWIGX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2018 | 0.88 |
The correlation between LAPIX and MWIGX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
LAPIX vs. MWIGX — Risk / Return Rank
LAPIX
MWIGX
LAPIX vs. MWIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Core Plus Bond Fund (LAPIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LAPIX | MWIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.22 | -0.44 |
| Martin ratioReturn relative to average drawdown | 2.07 | 3.37 | -1.30 |
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Drawdowns
LAPIX vs. MWIGX - Drawdown Comparison
The maximum LAPIX drawdown since its inception was -18.94%, roughly equal to the maximum MWIGX drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for LAPIX and MWIGX.
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Drawdown Indicators
| LAPIX | MWIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -18.32% | -0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -2.35% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -4.78% | -3.48% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -18.19% | -0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | — | — |
Current DrawdownCurrent decline from peak | -2.77% | -1.70% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -4.40% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 0.85% | +0.36% |
Volatility
LAPIX vs. MWIGX - Volatility Comparison
Lord Abbett Core Plus Bond Fund (LAPIX) has a higher volatility of 0.98% compared to Metropolitan West Investment Grade Credit Fund (MWIGX) at 0.77%. This indicates that LAPIX's price experiences larger fluctuations and is considered to be riskier than MWIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LAPIX | MWIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.77% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 2.57% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 3.17% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 4.95% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 4.73% | -0.06% |
LAPIX vs. MWIGX - Expense Ratio Comparison
LAPIX has a 0.48% expense ratio, which is lower than MWIGX's 1.87% expense ratio.
Dividends
LAPIX vs. MWIGX - Dividend Comparison
LAPIX's dividend yield for the trailing twelve months is around 4.83%, more than MWIGX's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LAPIX Lord Abbett Core Plus Bond Fund | 4.83% | 5.20% | 5.05% | 4.32% | 2.95% | 2.42% | 4.45% | 4.00% | 4.15% | 2.57% | 0.65% |
MWIGX Metropolitan West Investment Grade Credit Fund | 3.77% | 3.70% | 4.52% | 4.97% | 6.33% | 4.25% | 9.21% | 12.03% | 3.98% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, LAPIX and MWIGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LAPIX has higher volatility (0.98%) compared to MWIGX (0.77%). In terms of maximum drawdown, LAPIX dropped -18.94% vs MWIGX's -18.32%.
MWIGX currently has the higher Sharpe Ratio (0.91 vs 0.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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