MWLDX vs. DHEIX
Compare and contrast key facts about Metropolitan West Low Duration Bond Fund (MWLDX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX).
MWLDX is managed by Metropolitan West Funds. It was launched on Mar 31, 1997. DHEIX is a passively managed fund by Diamond Hill that tracks the performance of the Bloomberg US 1-3 Yr. Gov./Credit Index. It was launched on Jul 5, 2016.
Performance
MWLDX vs. DHEIX - Performance Comparison
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MWLDX vs. DHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 1.26% |
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 0.82% | 6.06% | 9.33% | 8.91% | -3.38% | 2.74% | 3.09% | 4.85% | 3.18% | 4.23% |
Returns By Period
In the year-to-date period, MWLDX achieves a -0.22% return, which is significantly lower than DHEIX's 0.82% return.
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%
DHEIX
- 1D
- 0.13%
- 1M
- -0.27%
- YTD
- 0.82%
- 6M
- 1.75%
- 1Y
- 5.26%
- 3Y*
- 7.69%
- 5Y*
- 4.48%
- 10Y*
- —
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MWLDX vs. DHEIX - Expense Ratio Comparison
MWLDX has a 0.62% expense ratio, which is higher than DHEIX's 0.53% expense ratio.
Return for Risk
MWLDX vs. DHEIX — Risk / Return Rank
MWLDX
DHEIX
MWLDX vs. DHEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Low Duration Bond Fund (MWLDX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX). 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.
| MWLDX | DHEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 4.60 | -2.80 |
Sortino ratioReturn per unit of downside risk | 3.11 | 8.07 | -4.96 |
Omega ratioGain probability vs. loss probability | 1.42 | 2.53 | -1.11 |
Calmar ratioReturn relative to maximum drawdown | 3.11 | 10.74 | -7.63 |
Martin ratioReturn relative to average drawdown | 11.77 | 40.46 | -28.69 |
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
| MWLDX | DHEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 4.60 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 2.96 | -2.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 1.87 | -0.60 |
Correlation
The correlation between MWLDX and DHEIX is 0.58, 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
MWLDX vs. DHEIX - Dividend Comparison
MWLDX's dividend yield for the trailing twelve months is around 3.27%, less than DHEIX's 5.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 5.98% | 5.51% | 6.21% | 5.52% | 3.72% | 2.62% | 3.22% | 4.05% | 3.74% | 3.45% | 0.00% | 0.00% |
Drawdowns
MWLDX vs. DHEIX - Drawdown Comparison
The maximum MWLDX drawdown since its inception was -19.48%, which is greater than DHEIX's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for MWLDX and DHEIX.
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Drawdown Indicators
| MWLDX | DHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.48% | -12.33% | -7.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -0.50% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -8.36% | -4.87% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -8.36% | — | — |
Current DrawdownCurrent decline from peak | -1.06% | -0.27% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -1.26% | -0.77% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.13% | +0.21% |
Volatility
MWLDX vs. DHEIX - Volatility Comparison
Metropolitan West Low Duration Bond Fund (MWLDX) has a higher volatility of 0.63% compared to Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) at 0.38%. This indicates that MWLDX's price experiences larger fluctuations and is considered to be riskier than DHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWLDX | DHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.38% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 0.73% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 1.15% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 1.52% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.23% | 2.28% | -0.05% |