Correlation
The correlation between MWATX and SPLG 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.
MWATX vs. SPLG
Compare and contrast key facts about Metropolitan West AlphaTrak 500 Fund (MWATX) and SPDR Portfolio S&P 500 ETF (SPLG).
MWATX is managed by Metropolitan West Funds. It was launched on Jun 29, 1998. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWATX or SPLG.
Performance
MWATX vs. SPLG - Performance Comparison
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Key characteristics
Returns By Period
MWATX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
SPLG
0.89%
5.54%
-1.55%
13.29%
14.31%
15.91%
12.72%
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MWATX vs. SPLG - Expense Ratio Comparison
MWATX has a 0.47% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
MWATX vs. SPLG — Risk-Adjusted Performance Rank
MWATX
SPLG
MWATX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West AlphaTrak 500 Fund (MWATX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
MWATX vs. SPLG - Dividend Comparison
MWATX has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 1.29%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWATX Metropolitan West AlphaTrak 500 Fund | 117.04% | 118.15% | 5.33% | 4.36% | 30.49% | 7.87% | 9.52% | 2.01% | 0.77% | 2.07% | 0.11% | 1.09% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
MWATX vs. SPLG - Drawdown Comparison
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Volatility
MWATX vs. SPLG - Volatility Comparison
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