MWCIX vs. PADZX
Compare and contrast key facts about Metropolitan West Unconstrained Bond Fund (MWCIX) and PGIM Absolute Return Bond Fund (PADZX).
MWCIX is managed by Metropolitan West Funds. It was launched on Sep 29, 2011. PADZX is managed by PGIM. It was launched on Mar 29, 2011.
Performance
MWCIX vs. PADZX - Performance Comparison
Loading graphics...
MWCIX vs. PADZX - 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% |
PADZX PGIM Absolute Return Bond Fund | 0.36% | 5.10% | 7.48% | 6.11% | -1.55% | 1.87% | 0.59% | 11.10% | 0.71% | 6.67% |
Returns By Period
In the year-to-date period, MWCIX achieves a -0.29% return, which is significantly lower than PADZX's 0.36% return. Over the past 10 years, MWCIX has underperformed PADZX with an annualized return of 2.79%, while PADZX has yielded a comparatively higher 4.26% 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%
PADZX
- 1D
- 0.00%
- 1M
- -0.65%
- YTD
- 0.36%
- 6M
- 1.62%
- 1Y
- 4.33%
- 3Y*
- 6.11%
- 5Y*
- 3.89%
- 10Y*
- 4.26%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MWCIX vs. PADZX - Expense Ratio Comparison
MWCIX has a 0.76% expense ratio, which is higher than PADZX's 0.72% expense ratio.
Return for Risk
MWCIX vs. PADZX — Risk / Return Rank
MWCIX
PADZX
MWCIX vs. PADZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Unconstrained Bond Fund (MWCIX) and PGIM Absolute Return Bond Fund (PADZX). 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 | PADZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 2.73 | -0.72 |
Sortino ratioReturn per unit of downside risk | 3.26 | 6.27 | -3.01 |
Omega ratioGain probability vs. loss probability | 1.44 | 2.41 | -0.98 |
Calmar ratioReturn relative to maximum drawdown | 3.17 | 4.87 | -1.69 |
Martin ratioReturn relative to average drawdown | 11.31 | 18.18 | -6.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MWCIX | PADZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.73 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.89 | -1.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 1.37 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | 1.18 | +0.27 |
Correlation
The correlation between MWCIX and PADZX is 0.23, 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. PADZX - Dividend Comparison
MWCIX's dividend yield for the trailing twelve months is around 4.76%, more than PADZX's 4.68% 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% |
PADZX PGIM Absolute Return Bond Fund | 4.68% | 5.07% | 5.18% | 4.09% | 2.89% | 2.40% | 3.41% | 10.79% | 5.02% | 2.75% | 2.36% | 2.38% |
Drawdowns
MWCIX vs. PADZX - Drawdown Comparison
The maximum MWCIX drawdown since its inception was -13.00%, smaller than the maximum PADZX drawdown of -17.99%. Use the drawdown chart below to compare losses from any high point for MWCIX and PADZX.
Loading graphics...
Drawdown Indicators
| MWCIX | PADZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.00% | -17.99% | +4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -0.87% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -13.00% | -4.05% | -8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -13.00% | -17.99% | +4.99% |
Current DrawdownCurrent decline from peak | -1.43% | -0.65% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -0.96% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.26% | +0.23% |
Volatility
MWCIX vs. PADZX - Volatility Comparison
Metropolitan West Unconstrained Bond Fund (MWCIX) has a higher volatility of 0.88% compared to PGIM Absolute Return Bond Fund (PADZX) at 0.36%. This indicates that MWCIX's price experiences larger fluctuations and is considered to be riskier than PADZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MWCIX | PADZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.36% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 1.16% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.64% | 1.80% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 2.07% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 3.13% | 0.00% |