MWLDX vs. MWIGX
Compare and contrast key facts about Metropolitan West Low Duration Bond Fund (MWLDX) and Metropolitan West Investment Grade Credit Fund (MWIGX).
MWLDX is managed by Metropolitan West Funds. It was launched on Mar 31, 1997. MWIGX is managed by Metropolitan West Funds. It was launched on Jun 29, 2018.
Performance
MWLDX vs. MWIGX - Performance Comparison
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MWLDX vs. MWIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MWLDX Metropolitan West Low Duration Bond Fund | -0.22% | 5.72% | 3.79% | 4.82% | -5.70% | -0.33% | 3.27% | 4.24% | 1.29% |
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% |
Returns By Period
In the year-to-date period, MWLDX achieves a -0.22% return, which is significantly higher than MWIGX's -0.85% 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%
MWIGX
- 1D
- 0.25%
- 1M
- -2.10%
- YTD
- -0.85%
- 6M
- 0.32%
- 1Y
- 4.36%
- 3Y*
- 4.80%
- 5Y*
- 0.73%
- 10Y*
- —
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MWLDX vs. MWIGX - Expense Ratio Comparison
MWLDX has a 0.62% expense ratio, which is lower than MWIGX's 1.87% expense ratio.
Return for Risk
MWLDX vs. MWIGX — Risk / Return Rank
MWLDX
MWIGX
MWLDX vs. MWIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Low Duration Bond Fund (MWLDX) and Metropolitan West Investment Grade Credit Fund (MWIGX). 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 | MWIGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 1.41 | +0.39 |
Sortino ratioReturn per unit of downside risk | 3.11 | 2.11 | +1.00 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.27 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.18 | +0.93 |
Martin ratioReturn relative to average drawdown | 11.77 | 8.06 | +3.72 |
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 | MWIGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.41 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.15 | +0.42 |
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 | 0.69 | +0.59 |
Correlation
The correlation between MWLDX and MWIGX is 0.80, 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
MWLDX vs. MWIGX - Dividend Comparison
MWLDX's dividend yield for the trailing twelve months is around 3.27%, less than MWIGX's 3.41% 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% |
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% |
Drawdowns
MWLDX vs. MWIGX - Drawdown Comparison
The maximum MWLDX drawdown since its inception was -19.48%, which is greater than MWIGX's maximum drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for MWLDX and MWIGX.
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Drawdown Indicators
| MWLDX | MWIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.48% | -18.32% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -2.35% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -8.36% | -18.32% | +9.96% |
Max Drawdown (10Y)Largest decline over 10 years | -8.36% | — | — |
Current DrawdownCurrent decline from peak | -1.06% | -2.10% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -1.26% | -4.54% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.64% | -0.30% |
Volatility
MWLDX vs. MWIGX - Volatility Comparison
The current volatility for Metropolitan West Low Duration Bond Fund (MWLDX) is 0.63%, while Metropolitan West Investment Grade Credit Fund (MWIGX) has a volatility of 1.20%. This indicates that MWLDX experiences smaller price fluctuations and is considered to be less risky than MWIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWLDX | MWIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 1.20% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 2.01% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 3.47% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 4.91% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.23% | 4.78% | -2.55% |