LTRYX vs. MWIGX
LTRYX (Lord Abbett Total Return Fund) and MWIGX (Metropolitan West Investment Grade Credit Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, LTRYX returned 0.01%/yr vs 0.71%/yr for MWIGX. Their correlation of 0.87 suggests significant overlap in exposure. LTRYX charges 0.40%/yr vs 1.87%/yr for MWIGX.
Performance
LTRYX vs. MWIGX - Performance Comparison
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Returns By Period
In the year-to-date period, LTRYX achieves a 0.07% return, which is significantly higher than MWIGX's -0.05% return.
LTRYX
- 1D
- -0.34%
- 1M
- 0.52%
- YTD
- 0.07%
- 6M
- 0.48%
- 1Y
- 4.76%
- 3Y*
- 4.39%
- 5Y*
- 0.01%
- 10Y*
- 1.81%
MWIGX
- 1D
- -0.25%
- 1M
- 0.35%
- YTD
- -0.05%
- 6M
- 0.32%
- 1Y
- 4.37%
- 3Y*
- 5.41%
- 5Y*
- 0.71%
- 10Y*
- —
LTRYX vs. MWIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LTRYX Lord Abbett Total Return Fund | 0.07% | 7.52% | 2.09% | 6.00% | -14.60% | 0.16% | 7.66% | 8.57% | 0.98% |
MWIGX Metropolitan West Investment Grade Credit Fund | -0.05% | 7.99% | 3.82% | 6.55% | -13.01% | -1.13% | 8.41% | 11.21% | 4.27% |
Correlation
The correlation between LTRYX and MWIGX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2018 | 0.87 |
The correlation between LTRYX and MWIGX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
LTRYX vs. MWIGX — Risk / Return Rank
LTRYX
MWIGX
LTRYX vs. MWIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Total Return Fund (LTRYX) 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.
| LTRYX | MWIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.93 | -0.32 |
| Martin ratioReturn relative to average drawdown | 4.66 | 6.03 | -1.37 |
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Drawdowns
LTRYX vs. MWIGX - Drawdown Comparison
The maximum LTRYX drawdown since its inception was -19.00%, roughly equal to the maximum MWIGX drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for LTRYX and MWIGX.
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Drawdown Indicators
| LTRYX | MWIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.00% | -18.32% | -0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -2.35% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -5.57% | -3.88% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -19.00% | -18.32% | -0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -19.00% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -1.31% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -4.45% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.75% | +0.32% |
Volatility
LTRYX vs. MWIGX - Volatility Comparison
The current volatility for Lord Abbett Total Return Fund (LTRYX) is 1.09%, while Metropolitan West Investment Grade Credit Fund (MWIGX) has a volatility of 1.15%. This indicates that LTRYX experiences smaller price fluctuations and is considered to be less risky 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
| LTRYX | MWIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.15% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.48% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 3.25% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 4.95% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 4.76% | -0.09% |
LTRYX vs. MWIGX - Expense Ratio Comparison
LTRYX has a 0.40% expense ratio, which is lower than MWIGX's 1.87% expense ratio.
Dividends
LTRYX vs. MWIGX - Dividend Comparison
LTRYX's dividend yield for the trailing twelve months is around 4.94%, more than MWIGX's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTRYX Lord Abbett Total Return Fund | 4.94% | 4.92% | 4.16% | 4.28% | 2.78% | 2.92% | 4.83% | 3.09% | 3.56% | 2.80% | 3.34% | 3.31% |
MWIGX Metropolitan West Investment Grade Credit Fund | 4.07% | 3.70% | 4.52% | 4.97% | 6.33% | 4.25% | 9.21% | 12.03% | 3.98% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, LTRYX 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.
MWIGX has higher volatility (1.15%) compared to LTRYX (1.09%). In terms of maximum drawdown, LTRYX dropped -19.00% vs MWIGX's -18.32%.
MWIGX currently has the higher Sharpe Ratio (1.39 vs 1.28), 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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