MWLDX vs. MWESX
MWLDX (Metropolitan West Low Duration Bond Fund) and MWESX (MetWest ESG Securitized Fund) are both mutual funds - MWLDX is a Short-Term Bond fund managed by Metropolitan West Funds, while MWESX is a Intermediate Core-Plus Bond fund managed by Metropolitan West Funds. Over the past 3 years, MWLDX returned 4.22%/yr vs 7.26%/yr for MWESX. Their correlation of 0.83 means they have usually moved in the same direction. MWLDX charges 0.62%/yr vs 0.49%/yr for MWESX.
Performance
MWLDX vs. MWESX - Performance Comparison
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Returns By Period
In the year-to-date period, MWLDX achieves a 0.51% return, which is significantly higher than MWESX's 0.16% return.
MWLDX
- 1D
- 0.12%
- 1M
- -0.24%
- 6M
- 0.13%
- YTD
- 0.51%
- 1Y
- 2.60%
- 3Y*
- 4.22%
- 5Y*
- 1.65%
- 10Y*
- 1.87%
- ALL TIME*
- 3.04%
MWESX
- 1D
- 0.00%
- 1M
- -0.92%
- 6M
- -0.31%
- YTD
- 0.16%
- 1Y
- 3.27%
- 3Y*
- 7.26%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MWLDX vs. MWESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MWLDX Metropolitan West Low Duration Bond Fund | 0.51% | 5.72% | 3.79% | 4.82% | -5.70% | -0.37% |
MWESX MetWest ESG Securitized Fund | 0.16% | 8.16% | 8.45% | 5.41% | -14.50% | -0.35% |
Correlation
The correlation between MWLDX and MWESX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.83 |
The correlation between MWLDX and MWESX has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
MWLDX vs. MWESX — Risk / Return Rank
MWLDX
MWESX
MWLDX vs. MWESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Low Duration Bond Fund (MWLDX) and MetWest ESG Securitized Fund (MWESX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MWLDX | MWESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 1.70 | +0.90 |
| Martin ratioReturn relative to average drawdown | 8.94 | 4.53 | +4.41 |
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Drawdowns
MWLDX vs. MWESX - Drawdown Comparison
The maximum MWLDX drawdown since its inception was -19.48%, roughly equal to the maximum MWESX drawdown of -19.57%. Use the drawdown chart below to compare losses from any high point for MWLDX and MWESX.
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Drawdown Indicators
| MWLDX | MWESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.48% | -19.57% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -2.71% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -1.75% | -5.60% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -8.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -8.36% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -1.87% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -6.68% | +5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 1.02% | -0.64% |
Volatility
MWLDX vs. MWESX - Volatility Comparison
The current volatility for Metropolitan West Low Duration Bond Fund (MWLDX) is 0.62%, while MetWest ESG Securitized Fund (MWESX) has a volatility of 0.96%. This indicates that MWLDX experiences smaller price fluctuations and is considered to be less risky than MWESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWLDX | MWESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.96% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 2.97% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.10% | 3.78% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.89% | 6.73% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.27% | 6.73% | -4.46% |
MWLDX vs. MWESX - Expense Ratio Comparison
MWLDX has a 0.62% expense ratio, which is higher than MWESX's 0.49% expense ratio.
Dividends
MWLDX vs. MWESX - Dividend Comparison
MWLDX's dividend yield for the trailing twelve months is around 3.54%, less than MWESX's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWESX MetWest ESG Securitized Fund | 4.21% | 4.55% | 7.39% | 3.63% | 2.07% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MWLDX Metropolitan West Low Duration Bond Fund | 3.54% | 3.75% | 3.71% | 3.22% | 1.56% | 0.69% | 1.39% | 2.41% | 2.50% | 1.38% | 1.52% | 1.12% |
Frequently Asked Questions
MWLDX and MWESX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MWESX has higher volatility (0.96%) compared to MWLDX (0.62%). In terms of maximum drawdown, MWLDX dropped -19.48% vs MWESX's -19.57%.
MWLDX currently has the higher Sharpe Ratio (1.60 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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