MWHYX vs. MWLDX
Compare and contrast key facts about Metropolitan West High Yield Bond Fund (MWHYX) and Metropolitan West Low Duration Bond Fund (MWLDX).
MWHYX is managed by Metropolitan West Funds. It was launched on Sep 30, 2002. MWLDX is managed by Metropolitan West Funds. It was launched on Mar 31, 1997.
Performance
MWHYX vs. MWLDX - Performance Comparison
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MWHYX vs. MWLDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWHYX Metropolitan West High Yield Bond Fund | -1.19% | 6.09% | 6.24% | 10.77% | -12.58% | 2.85% | 11.47% | 12.30% | -0.91% | 6.23% |
MWLDX Metropolitan West Low Duration Bond Fund | -0.22% | 5.72% | 3.79% | 4.82% | -5.70% | -0.33% | 3.27% | 4.24% | 1.59% | 1.15% |
Returns By Period
In the year-to-date period, MWHYX achieves a -1.19% return, which is significantly lower than MWLDX's -0.22% return. Over the past 10 years, MWHYX has outperformed MWLDX with an annualized return of 4.55%, while MWLDX has yielded a comparatively lower 1.87% annualized return.
MWHYX
- 1D
- 0.11%
- 1M
- -1.74%
- YTD
- -1.19%
- 6M
- -0.43%
- 1Y
- 3.68%
- 3Y*
- 6.37%
- 5Y*
- 2.21%
- 10Y*
- 4.55%
MWLDX
- 1D
- 0.12%
- 1M
- -1.06%
- YTD
- -0.22%
- 6M
- 0.94%
- 1Y
- 3.56%
- 3Y*
- 4.00%
- 5Y*
- 1.60%
- 10Y*
- 1.87%
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MWHYX vs. MWLDX - Expense Ratio Comparison
MWHYX has a 0.85% expense ratio, which is higher than MWLDX's 0.62% expense ratio.
Return for Risk
MWHYX vs. MWLDX — Risk / Return Rank
MWHYX
MWLDX
MWHYX vs. MWLDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West High Yield Bond Fund (MWHYX) and Metropolitan West Low Duration Bond Fund (MWLDX). 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.
| MWHYX | MWLDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.80 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.97 | 3.11 | -1.15 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.11 | -1.45 |
Martin ratioReturn relative to average drawdown | 6.86 | 11.77 | -4.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MWHYX | MWLDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.80 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.57 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | 0.84 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.39 | 1.27 | +0.12 |
Correlation
The correlation between MWHYX and MWLDX is 0.38, 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.
Dividends
MWHYX vs. MWLDX - Dividend Comparison
MWHYX's dividend yield for the trailing twelve months is around 5.60%, more than MWLDX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWHYX Metropolitan West High Yield Bond Fund | 5.60% | 6.04% | 6.59% | 6.20% | 3.94% | 2.90% | 3.54% | 4.11% | 4.60% | 3.42% | 4.17% | 4.37% |
MWLDX Metropolitan West Low Duration Bond Fund | 3.27% | 3.75% | 3.71% | 3.22% | 1.56% | 0.69% | 1.39% | 2.41% | 2.50% | 1.38% | 1.52% | 1.12% |
Drawdowns
MWHYX vs. MWLDX - Drawdown Comparison
The maximum MWHYX drawdown since its inception was -28.94%, which is greater than MWLDX's maximum drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for MWHYX and MWLDX.
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Drawdown Indicators
| MWHYX | MWLDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.94% | -19.48% | -9.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -1.29% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -15.95% | -8.36% | -7.59% |
Max Drawdown (10Y)Largest decline over 10 years | -15.95% | -8.36% | -7.59% |
Current DrawdownCurrent decline from peak | -1.90% | -1.06% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -1.26% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.34% | +0.26% |
Volatility
MWHYX vs. MWLDX - Volatility Comparison
Metropolitan West High Yield Bond Fund (MWHYX) has a higher volatility of 1.01% compared to Metropolitan West Low Duration Bond Fund (MWLDX) at 0.63%. This indicates that MWHYX's price experiences larger fluctuations and is considered to be riskier than MWLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWHYX | MWLDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.63% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 1.41% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 2.18% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.53% | 2.83% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 2.23% | +2.22% |