Correlation
The correlation between MWCIX and PIMIX is 0.16, 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.
MWCIX vs. PIMIX
Compare and contrast key facts about Metropolitan West Unconstrained Bond Fund (MWCIX) and PIMCO Income Fund Institutional Class (PIMIX).
MWCIX is managed by Metropolitan West Funds. It was launched on Sep 29, 2011. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWCIX or PIMIX.
Performance
MWCIX vs. PIMIX - Performance Comparison
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Key characteristics
MWCIX:
2.40
PIMIX:
1.93
MWCIX:
4.04
PIMIX:
2.87
MWCIX:
1.51
PIMIX:
1.38
MWCIX:
4.15
PIMIX:
2.84
MWCIX:
10.80
PIMIX:
8.31
MWCIX:
0.77%
PIMIX:
0.96%
MWCIX:
3.44%
PIMIX:
4.14%
MWCIX:
-11.82%
PIMIX:
-13.39%
MWCIX:
-0.14%
PIMIX:
-0.51%
Returns By Period
In the year-to-date period, MWCIX achieves a 2.59% return, which is significantly lower than PIMIX's 3.06% return. Over the past 10 years, MWCIX has underperformed PIMIX with an annualized return of 2.80%, while PIMIX has yielded a comparatively higher 4.29% annualized return.
MWCIX
2.59%
0.10%
2.08%
7.41%
4.58%
3.00%
2.80%
PIMIX
3.06%
-0.09%
2.24%
7.18%
5.30%
4.27%
4.29%
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MWCIX vs. PIMIX - Expense Ratio Comparison
MWCIX has a 0.76% expense ratio, which is higher than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
MWCIX vs. PIMIX — Risk-Adjusted Performance Rank
MWCIX
PIMIX
MWCIX vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Unconstrained Bond Fund (MWCIX) and PIMCO Income Fund Institutional Class (PIMIX). 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
MWCIX vs. PIMIX - Dividend Comparison
MWCIX's dividend yield for the trailing twelve months is around 5.88%, more than PIMIX's 5.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWCIX Metropolitan West Unconstrained Bond Fund | 5.88% | 6.64% | 6.54% | 4.87% | 3.80% | 3.69% | 3.88% | 3.62% | 2.81% | 3.05% | 2.13% | 2.11% |
PIMIX PIMCO Income Fund Institutional Class | 5.70% | 6.27% | 6.73% | 6.39% | 4.02% | 4.84% | 5.82% | 5.64% | 5.39% | 5.57% | 7.93% | 6.53% |
Drawdowns
MWCIX vs. PIMIX - Drawdown Comparison
The maximum MWCIX drawdown since its inception was -11.82%, smaller than the maximum PIMIX drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for MWCIX and PIMIX.
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Volatility
MWCIX vs. PIMIX - Volatility Comparison
The current volatility for Metropolitan West Unconstrained Bond Fund (MWCIX) is 0.74%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.32%. This indicates that MWCIX experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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