MWIGX vs. MWUSX
Compare and contrast key facts about Metropolitan West Investment Grade Credit Fund (MWIGX) and Metropolitan West Ultra Short Bond Fund (MWUSX).
MWIGX is managed by Metropolitan West Funds. It was launched on Jun 29, 2018. MWUSX is managed by Metropolitan West Funds. It was launched on Jun 30, 2003.
Performance
MWIGX vs. MWUSX - Performance Comparison
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MWIGX vs. MWUSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MWIGX Metropolitan West Investment Grade Credit Fund | -0.48% | 7.99% | 3.82% | 6.55% | -13.01% | -1.13% | 8.41% | 11.21% | 4.27% |
MWUSX Metropolitan West Ultra Short Bond Fund | 0.23% | 5.15% | 4.44% | 4.09% | -2.78% | -0.30% | 1.18% | 2.95% | 1.06% |
Returns By Period
In the year-to-date period, MWIGX achieves a -0.48% return, which is significantly lower than MWUSX's 0.23% return.
MWIGX
- 1D
- 0.38%
- 1M
- -1.36%
- YTD
- -0.48%
- 6M
- 0.45%
- 1Y
- 4.76%
- 3Y*
- 4.93%
- 5Y*
- 0.77%
- 10Y*
- —
MWUSX
- 1D
- 0.00%
- 1M
- -0.48%
- YTD
- 0.23%
- 6M
- 1.34%
- 1Y
- 3.84%
- 3Y*
- 4.09%
- 5Y*
- 2.21%
- 10Y*
- 1.87%
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MWIGX vs. MWUSX - Expense Ratio Comparison
MWIGX has a 1.87% expense ratio, which is higher than MWUSX's 0.50% expense ratio.
Return for Risk
MWIGX vs. MWUSX — Risk / Return Rank
MWIGX
MWUSX
MWIGX vs. MWUSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Investment Grade Credit Fund (MWIGX) and Metropolitan West Ultra Short Bond Fund (MWUSX). 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.
| MWIGX | MWUSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.85 | -0.47 |
Sortino ratioReturn per unit of downside risk | 2.07 | 3.23 | -1.16 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.66 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | 2.24 | 5.87 | -3.63 |
Martin ratioReturn relative to average drawdown | 8.14 | 21.91 | -13.77 |
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
| MWIGX | MWUSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.85 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.91 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.81 | -0.11 |
Correlation
The correlation between MWIGX and MWUSX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MWIGX vs. MWUSX - Dividend Comparison
MWIGX's dividend yield for the trailing twelve months is around 3.39%, more than MWUSX's 3.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWIGX Metropolitan West Investment Grade Credit Fund | 3.39% | 3.70% | 4.52% | 4.97% | 6.33% | 4.25% | 9.21% | 12.03% | 3.98% | 0.00% | 0.00% | 0.00% |
MWUSX Metropolitan West Ultra Short Bond Fund | 3.28% | 3.80% | 3.59% | 3.25% | 1.28% | 0.41% | 0.93% | 2.67% | 2.56% | 1.06% | 1.18% | 0.65% |
Drawdowns
MWIGX vs. MWUSX - Drawdown Comparison
The maximum MWIGX drawdown since its inception was -18.32%, smaller than the maximum MWUSX drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for MWIGX and MWUSX.
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Drawdown Indicators
| MWIGX | MWUSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.32% | -25.25% | +6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.35% | -0.72% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.32% | -5.06% | -13.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.06% | — |
Current DrawdownCurrent decline from peak | -1.73% | -0.48% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -1.77% | -2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.19% | +0.46% |
Volatility
MWIGX vs. MWUSX - Volatility Comparison
Metropolitan West Investment Grade Credit Fund (MWIGX) has a higher volatility of 1.26% compared to Metropolitan West Ultra Short Bond Fund (MWUSX) at 0.77%. This indicates that MWIGX's price experiences larger fluctuations and is considered to be riskier than MWUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWIGX | MWUSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 0.77% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.51% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 2.11% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 2.44% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 1.89% | +2.89% |