MWFEX vs. MWSTX
Compare and contrast key facts about Metropolitan West Flexible Income Fund (MWFEX) and Metropolitan West Strategic Income Fund (MWSTX).
MWFEX is managed by Metropolitan West Funds. It was launched on Nov 29, 2018. MWSTX is managed by Metropolitan West Funds. It was launched on Jun 29, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWFEX or MWSTX.
Key characteristics
| MWFEX | MWSTX | |
|---|---|---|
| YTD Return | 412.72% | 5.08% |
| 1Y Return | 442.99% | 10.15% |
| 3Y Return (Ann) | 72.79% | 2.22% |
| 5Y Return (Ann) | 43.07% | 2.79% |
| Sharpe Ratio | 1.10 | 2.59 |
| Sortino Ratio | 167.31 | 4.14 |
| Omega Ratio | 27.34 | 1.57 |
| Calmar Ratio | 67.99 | 2.63 |
| Martin Ratio | 551.04 | 14.46 |
| Ulcer Index | 0.80% | 0.71% |
| Daily Std Dev | 401.17% | 4.00% |
| Max Drawdown | -13.94% | -37.19% |
| Current Drawdown | 0.00% | -1.32% |
Correlation
The correlation between MWFEX and MWSTX is 0.74, 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
MWFEX vs. MWSTX - Performance Comparison
In the year-to-date period, MWFEX achieves a 412.72% return, which is significantly higher than MWSTX's 5.08% 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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MWFEX vs. MWSTX - Expense Ratio Comparison
MWFEX has a 0.55% expense ratio, which is lower than MWSTX's 1.04% expense ratio.
Risk-Adjusted Performance
MWFEX vs. MWSTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Flexible Income Fund (MWFEX) and Metropolitan West Strategic Income Fund (MWSTX). 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
MWFEX vs. MWSTX - Dividend Comparison
MWFEX's dividend yield for the trailing twelve months is around 1.90%, less than MWSTX's 7.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWFEX Metropolitan West Flexible Income Fund | 1.90% | 8.29% | 10.14% | 9.26% | 13.57% | 16.21% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MWSTX Metropolitan West Strategic Income Fund | 7.02% | 7.54% | 11.67% | 8.77% | 5.46% | 4.13% | 3.88% | 3.49% | 3.49% | 2.70% | 1.78% | 3.35% |
Drawdowns
MWFEX vs. MWSTX - Drawdown Comparison
The maximum MWFEX drawdown since its inception was -13.94%, smaller than the maximum MWSTX drawdown of -37.19%. Use the drawdown chart below to compare losses from any high point for MWFEX and MWSTX. For additional features, visit the drawdowns tool.
Volatility
MWFEX vs. MWSTX - Volatility Comparison
The current volatility for Metropolitan West Flexible Income Fund (MWFEX) is 0.00%, while Metropolitan West Strategic Income Fund (MWSTX) has a volatility of 1.06%. This indicates that MWFEX experiences smaller price fluctuations and is considered to be less risky than MWSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.