MWCIX vs. EIGMX
Compare and contrast key facts about Metropolitan West Unconstrained Bond Fund (MWCIX) and Eaton Vance Global Macro Absolute Return Fund (EIGMX).
MWCIX is managed by Metropolitan West Funds. It was launched on Sep 29, 2011. EIGMX is managed by Eaton Vance. It was launched on Jun 26, 2007.
Performance
MWCIX vs. EIGMX - Performance Comparison
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MWCIX vs. EIGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWCIX Metropolitan West Unconstrained Bond Fund | -0.29% | 7.50% | 5.40% | 6.07% | -9.39% | 0.65% | 4.54% | 6.49% | 1.11% | 3.98% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 2.43% | 11.37% | 8.69% | 6.99% | -0.47% | 2.19% | 3.59% | 9.76% | -3.29% | 4.29% |
Returns By Period
In the year-to-date period, MWCIX achieves a -0.29% return, which is significantly lower than EIGMX's 2.43% return. Over the past 10 years, MWCIX has underperformed EIGMX with an annualized return of 2.79%, while EIGMX has yielded a comparatively higher 4.84% annualized return.
MWCIX
- 1D
- 0.19%
- 1M
- -1.43%
- YTD
- -0.29%
- 6M
- 1.08%
- 1Y
- 4.75%
- 3Y*
- 5.25%
- 5Y*
- 1.87%
- 10Y*
- 2.79%
EIGMX
- 1D
- -0.23%
- 1M
- -1.22%
- YTD
- 2.43%
- 6M
- 6.29%
- 1Y
- 11.95%
- 3Y*
- 9.17%
- 5Y*
- 6.17%
- 10Y*
- 4.84%
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MWCIX vs. EIGMX - Expense Ratio Comparison
Both MWCIX and EIGMX have an expense ratio of 0.76%.
Return for Risk
MWCIX vs. EIGMX — Risk / Return Rank
MWCIX
EIGMX
MWCIX vs. EIGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Unconstrained Bond Fund (MWCIX) and Eaton Vance Global Macro Absolute Return Fund (EIGMX). 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.
| MWCIX | EIGMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 6.02 | -4.01 |
Sortino ratioReturn per unit of downside risk | 3.26 | 8.81 | -5.55 |
Omega ratioGain probability vs. loss probability | 1.44 | 2.96 | -1.53 |
Calmar ratioReturn relative to maximum drawdown | 3.17 | 8.48 | -5.31 |
Martin ratioReturn relative to average drawdown | 11.31 | 33.23 | -21.92 |
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
| MWCIX | EIGMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 6.02 | -4.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 2.38 | -1.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 1.94 | -1.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | 1.57 | -0.12 |
Correlation
The correlation between MWCIX and EIGMX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MWCIX vs. EIGMX - Dividend Comparison
MWCIX's dividend yield for the trailing twelve months is around 4.76%, less than EIGMX's 6.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWCIX Metropolitan West Unconstrained Bond Fund | 4.76% | 5.26% | 5.93% | 4.87% | 3.50% | 3.39% | 3.46% | 3.89% | 3.77% | 2.81% | 3.22% | 2.15% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 6.73% | 5.72% | 6.16% | 5.79% | 4.78% | 4.18% | 4.37% | 5.44% | 3.72% | 3.42% | 4.02% | 5.54% |
Drawdowns
MWCIX vs. EIGMX - Drawdown Comparison
The maximum MWCIX drawdown since its inception was -13.00%, which is greater than EIGMX's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for MWCIX and EIGMX.
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Drawdown Indicators
| MWCIX | EIGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.00% | -9.42% | -3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -1.33% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -13.00% | -7.39% | -5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -13.00% | -9.42% | -3.58% |
Current DrawdownCurrent decline from peak | -1.43% | -1.33% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -0.93% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.34% | +0.15% |
Volatility
MWCIX vs. EIGMX - Volatility Comparison
The current volatility for Metropolitan West Unconstrained Bond Fund (MWCIX) is 0.88%, while Eaton Vance Global Macro Absolute Return Fund (EIGMX) has a volatility of 0.98%. This indicates that MWCIX experiences smaller price fluctuations and is considered to be less risky than EIGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWCIX | EIGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.98% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 1.56% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.64% | 1.98% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 2.61% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 2.50% | +0.63% |