MWESX vs. PONAX
Compare and contrast key facts about MetWest ESG Securitized Fund (MWESX) and PIMCO Income Fund Class A (PONAX).
MWESX is managed by Metropolitan West Funds. It was launched on Sep 29, 2021. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWESX or PONAX.
Key characteristics
| MWESX | PONAX | |
|---|---|---|
| YTD Return | 7.93% | 4.40% |
| 1Y Return | 15.28% | 9.04% |
| 3Y Return (Ann) | -0.43% | 1.54% |
| Sharpe Ratio | 2.29 | 2.31 |
| Sortino Ratio | 3.45 | 3.55 |
| Omega Ratio | 1.44 | 1.46 |
| Calmar Ratio | 1.10 | 2.15 |
| Martin Ratio | 10.83 | 11.92 |
| Ulcer Index | 1.56% | 0.86% |
| Daily Std Dev | 7.36% | 4.43% |
| Max Drawdown | -18.90% | -13.42% |
| Current Drawdown | -3.49% | -1.84% |
Correlation
The correlation between MWESX and PONAX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MWESX vs. PONAX - Performance Comparison
In the year-to-date period, MWESX achieves a 7.93% return, which is significantly higher than PONAX's 4.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MWESX vs. PONAX - Expense Ratio Comparison
MWESX has a 0.49% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Risk-Adjusted Performance
MWESX vs. PONAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MetWest ESG Securitized Fund (MWESX) and PIMCO Income Fund Class A (PONAX). 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.
Dividends
MWESX vs. PONAX - Dividend Comparison
MWESX's dividend yield for the trailing twelve months is around 7.61%, more than PONAX's 5.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWESX MetWest ESG Securitized Fund | 7.61% | 4.37% | 2.66% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PONAX PIMCO Income Fund Class A | 5.86% | 5.87% | 5.96% | 3.62% | 4.49% | 5.47% | 5.24% | 4.95% | 5.17% | 7.33% | 5.89% | 5.09% |
Drawdowns
MWESX vs. PONAX - Drawdown Comparison
The maximum MWESX drawdown since its inception was -18.90%, which is greater than PONAX's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for MWESX and PONAX. For additional features, visit the drawdowns tool.
Volatility
MWESX vs. PONAX - Volatility Comparison
MetWest ESG Securitized Fund (MWESX) has a higher volatility of 1.87% compared to PIMCO Income Fund Class A (PONAX) at 1.09%. This indicates that MWESX's price experiences larger fluctuations and is considered to be riskier than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.