Correlation
The correlation between MWCIX and PLFRX 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. PLFRX
Compare and contrast key facts about Metropolitan West Unconstrained Bond Fund (MWCIX) and Pacific Funds Floating Rate Income (PLFRX).
MWCIX is managed by Metropolitan West Funds. It was launched on Sep 29, 2011. PLFRX is managed by Pacific Funds Series Trust. It was launched on Jun 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWCIX or PLFRX.
Performance
MWCIX vs. PLFRX - Performance Comparison
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Key characteristics
MWCIX:
2.40
PLFRX:
2.23
MWCIX:
4.04
PLFRX:
4.25
MWCIX:
1.51
PLFRX:
1.85
MWCIX:
4.15
PLFRX:
2.83
MWCIX:
10.80
PLFRX:
13.86
MWCIX:
0.77%
PLFRX:
0.44%
MWCIX:
3.44%
PLFRX:
2.82%
MWCIX:
-11.82%
PLFRX:
-18.75%
MWCIX:
-0.14%
PLFRX:
0.00%
Returns By Period
In the year-to-date period, MWCIX achieves a 2.59% return, which is significantly higher than PLFRX's 1.20% return. Over the past 10 years, MWCIX has underperformed PLFRX with an annualized return of 2.80%, while PLFRX has yielded a comparatively higher 4.80% annualized return.
MWCIX
2.59%
-0.10%
2.08%
8.18%
4.58%
3.00%
2.80%
PLFRX
1.20%
0.75%
1.66%
6.24%
8.26%
6.59%
4.80%
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MWCIX vs. PLFRX - Expense Ratio Comparison
MWCIX has a 0.76% expense ratio, which is higher than PLFRX's 0.68% expense ratio.
Risk-Adjusted Performance
MWCIX vs. PLFRX — Risk-Adjusted Performance Rank
MWCIX
PLFRX
MWCIX vs. PLFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Unconstrained Bond Fund (MWCIX) and Pacific Funds Floating Rate Income (PLFRX). 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. PLFRX - Dividend Comparison
MWCIX's dividend yield for the trailing twelve months is around 6.38%, less than PLFRX's 7.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWCIX Metropolitan West Unconstrained Bond Fund | 6.38% | 6.64% | 6.54% | 4.87% | 3.80% | 3.69% | 3.88% | 3.62% | 2.81% | 3.05% | 2.13% | 2.11% |
PLFRX Pacific Funds Floating Rate Income | 7.91% | 8.47% | 8.92% | 5.66% | 3.93% | 4.06% | 5.14% | 5.08% | 4.46% | 4.22% | 4.51% | 4.84% |
Drawdowns
MWCIX vs. PLFRX - Drawdown Comparison
The maximum MWCIX drawdown since its inception was -11.82%, smaller than the maximum PLFRX drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for MWCIX and PLFRX.
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Volatility
MWCIX vs. PLFRX - Volatility Comparison
Metropolitan West Unconstrained Bond Fund (MWCIX) has a higher volatility of 0.74% compared to Pacific Funds Floating Rate Income (PLFRX) at 0.42%. This indicates that MWCIX's price experiences larger fluctuations and is considered to be riskier than PLFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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