MWIGX vs. PDBZX
Compare and contrast key facts about Metropolitan West Investment Grade Credit Fund (MWIGX) and PGIM Total Return Bond Fund Class Z (PDBZX).
MWIGX is managed by Metropolitan West Funds. It was launched on Jun 29, 2018. PDBZX is managed by PGIM. It was launched on Jan 14, 1997.
Performance
MWIGX vs. PDBZX - Performance Comparison
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MWIGX vs. PDBZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MWIGX Metropolitan West Investment Grade Credit Fund | -0.85% | 7.99% | 3.82% | 6.55% | -13.01% | -1.13% | 8.41% | 11.21% | 4.27% |
PDBZX PGIM Total Return Bond Fund Class Z | -0.53% | 7.70% | 2.87% | 7.70% | -14.33% | -1.46% | 8.01% | 14.76% | 0.94% |
Returns By Period
In the year-to-date period, MWIGX achieves a -0.85% return, which is significantly lower than PDBZX's -0.53% return.
MWIGX
- 1D
- 0.25%
- 1M
- -2.10%
- YTD
- -0.85%
- 6M
- 0.32%
- 1Y
- 4.36%
- 3Y*
- 4.80%
- 5Y*
- 0.73%
- 10Y*
- —
PDBZX
- 1D
- 0.50%
- 1M
- -2.52%
- YTD
- -0.53%
- 6M
- 0.58%
- 1Y
- 4.25%
- 3Y*
- 4.79%
- 5Y*
- 1.00%
- 10Y*
- 2.93%
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MWIGX vs. PDBZX - Expense Ratio Comparison
MWIGX has a 1.87% expense ratio, which is higher than PDBZX's 0.49% expense ratio.
Return for Risk
MWIGX vs. PDBZX — Risk / Return Rank
MWIGX
PDBZX
MWIGX vs. PDBZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Investment Grade Credit Fund (MWIGX) and PGIM Total Return Bond Fund Class Z (PDBZX). 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 | PDBZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.04 | +0.37 |
Sortino ratioReturn per unit of downside risk | 2.11 | 1.48 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.75 | +0.43 |
Martin ratioReturn relative to average drawdown | 8.06 | 5.12 | +2.94 |
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 | PDBZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.04 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.17 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.09 | -0.40 |
Correlation
The correlation between MWIGX and PDBZX is 0.87, 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.
Dividends
MWIGX vs. PDBZX - Dividend Comparison
MWIGX's dividend yield for the trailing twelve months is around 3.41%, less than PDBZX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWIGX Metropolitan West Investment Grade Credit Fund | 3.41% | 3.70% | 4.52% | 4.97% | 6.33% | 4.25% | 9.21% | 12.03% | 3.98% | 0.00% | 0.00% | 0.00% |
PDBZX PGIM Total Return Bond Fund Class Z | 4.19% | 4.54% | 4.79% | 4.60% | 5.73% | 2.73% | 2.94% | 10.36% | 4.01% | 2.87% | 3.92% | 3.33% |
Drawdowns
MWIGX vs. PDBZX - Drawdown Comparison
The maximum MWIGX drawdown since its inception was -18.32%, smaller than the maximum PDBZX drawdown of -20.88%. Use the drawdown chart below to compare losses from any high point for MWIGX and PDBZX.
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Drawdown Indicators
| MWIGX | PDBZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.32% | -20.88% | +2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.35% | -3.06% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -18.32% | -20.81% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.88% | — |
Current DrawdownCurrent decline from peak | -2.10% | -2.52% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -2.31% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 1.05% | -0.41% |
Volatility
MWIGX vs. PDBZX - Volatility Comparison
The current volatility for Metropolitan West Investment Grade Credit Fund (MWIGX) is 1.20%, while PGIM Total Return Bond Fund Class Z (PDBZX) has a volatility of 1.72%. This indicates that MWIGX experiences smaller price fluctuations and is considered to be less risky than PDBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWIGX | PDBZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.72% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 2.71% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 4.59% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 6.00% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 5.34% | -0.56% |