MWESX vs. AAIIX

Last updated Jun 23, 2026

MWESX (MetWest ESG Securitized Fund) and AAIIX (Ancora Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 3 years, MWESX returned 7.41%/yr vs 6.78%/yr for AAIIX. At a 0.38 correlation, their price movements are largely independent. MWESX charges 0.49%/yr vs 2.20%/yr for AAIIX.

Performance

MWESX vs. AAIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MetWest ESG Securitized Fund (MWESX) and Ancora Income Fund (AAIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MWESX achieves a 0.82% return, which is significantly lower than AAIIX's 1.96% return.

MWESX

• 1D: 0.11%
• 1M: 0.95%
• YTD: 0.82%
• 6M: 1.34%
• 1Y: 5.88%
• 3Y*: 7.41%
• 5Y*: —
• 10Y*: —

AAIIX

• 1D: 0.14%
• 1M: -0.07%
• YTD: 1.96%
• 6M: 1.75%
• 1Y: 5.89%
• 3Y*: 6.78%
• 5Y*: 1.94%
• 10Y*: 3.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MWESX vs. AAIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MWESX MetWest ESG Securitized Fund	0.82%	8.16%	8.45%	5.41%	-14.50%	-0.35%
AAIIX Ancora Income Fund	1.96%	2.28%	9.23%	9.46%	-14.32%	1.63%

Correlation

The correlation between MWESX and AAIIX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.38

Return for Risk

MWESX vs. AAIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MWESX

MWESX Risk / Return Rank: 34
MWESX Sharpe Ratio Rank: 33
MWESX Sortino Ratio Rank: 37
MWESX Omega Ratio Rank: 33
MWESX Calmar Ratio Rank: 36
MWESX Martin Ratio Rank: 29

AAIIX

AAIIX Risk / Return Rank: 23
AAIIX Sharpe Ratio Rank: 26
AAIIX Sortino Ratio Rank: 26
AAIIX Omega Ratio Rank: 27
AAIIX Calmar Ratio Rank: 19
AAIIX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MWESX vs. AAIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MetWest ESG Securitized Fund (MWESX) and Ancora Income Fund (AAIIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MWESX	AAIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.36	+0.18
Sortino ratio: Return per unit of downside risk	2.36	1.98	+0.38
Omega ratio: Gain probability vs. loss probability	1.28	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	2.18	1.48	+0.69
Martin ratio: Return relative to average drawdown	6.29	4.55	+1.74

MWESX vs. AAIIX - Sharpe Ratio Comparison

The current MWESX Sharpe Ratio is 1.54, which is comparable to the AAIIX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of MWESX and AAIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MWESX vs. AAIIX - Drawdown Comparison

The maximum MWESX drawdown since its inception was -19.57%, smaller than the maximum AAIIX drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for MWESX and AAIIX.

Drawdown Indicators

	MWESX	AAIIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.57%	-98.01%	+78.44%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-4.19%	+1.48%
Max Drawdown (3Y) Largest decline over 3 years	-6.33%	-98.01%	+91.68%
Max Drawdown (5Y) Largest decline over 5 years	—	-98.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.01%	—
Current Drawdown Current decline from peak	-1.22%	-97.79%	+96.57%
Average Drawdown Average peak-to-trough decline	-6.81%	-12.52%	+5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	1.36%	-0.42%

Volatility

MWESX vs. AAIIX - Volatility Comparison

MetWest ESG Securitized Fund (MWESX) and Ancora Income Fund (AAIIX) have volatilities of 1.21% and 1.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MWESX	AAIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	1.22%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	3.35%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	3.84%	4.56%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.79%	2,045.26%	-2,038.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.79%	1,445.35%	-1,438.56%

MWESX vs. AAIIX - Expense Ratio Comparison

MWESX has a 0.49% expense ratio, which is lower than AAIIX's 2.20% expense ratio.

Dividends

MWESX vs. AAIIX - Dividend Comparison

MWESX's dividend yield for the trailing twelve months is around 4.58%, less than AAIIX's 5.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAIIX Ancora Income Fund	5.22%	4.09%	4.57%	4.77%	4.52%	4.46%	5.68%	3.96%	4.36%	5.69%	6.40%	6.99%
MWESX MetWest ESG Securitized Fund	4.58%	4.55%	7.39%	3.63%	2.07%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MWESX and AAIIX in my portfolio?

MWESX and AAIIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MWESX or AAIIX?

AAIIX has higher volatility (1.22%) compared to MWESX (1.21%). In terms of maximum drawdown, MWESX dropped -19.57% vs AAIIX's -98.01%.

Which has better risk-adjusted returns?

MWESX currently has the higher Sharpe Ratio (1.54 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.