MWLDX vs. MWSTX
MWLDX (Metropolitan West Low Duration Bond Fund) and MWSTX (Metropolitan West Strategic Income Fund) are both mutual funds - MWLDX is a Short-Term Bond fund managed by Metropolitan West Funds, while MWSTX is a Nontraditional Bonds fund managed by Metropolitan West Funds. Over the past 10 years, MWLDX returned 1.88%/yr vs 2.85%/yr for MWSTX. A 0.54 correlation means they provide meaningful diversification when combined. MWLDX charges 0.62%/yr vs 1.04%/yr for MWSTX.
Performance
MWLDX vs. MWSTX - Performance Comparison
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Returns By Period
In the year-to-date period, MWLDX achieves a 0.30% return, which is significantly lower than MWSTX's 1.13% return. Over the past 10 years, MWLDX has underperformed MWSTX with an annualized return of 1.88%, while MWSTX has yielded a comparatively higher 2.85% annualized return.
MWLDX
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 0.30%
- 6M
- 0.69%
- 1Y
- 3.59%
- 3Y*
- 4.33%
- 5Y*
- 1.66%
- 10Y*
- 1.88%
MWSTX
- 1D
- 0.00%
- 1M
- 0.42%
- YTD
- 1.13%
- 6M
- 1.45%
- 1Y
- 5.51%
- 3Y*
- 5.81%
- 5Y*
- 2.08%
- 10Y*
- 2.85%
MWLDX vs. MWSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWLDX Metropolitan West Low Duration Bond Fund | 0.30% | 5.72% | 3.79% | 4.82% | -5.70% | -0.33% | 3.27% | 4.24% | 1.59% | 1.15% |
MWSTX Metropolitan West Strategic Income Fund | 1.13% | 6.93% | 5.17% | 7.39% | -9.59% | 1.18% | 4.92% | 5.84% | 1.03% | 3.81% |
Correlation
The correlation between MWLDX and MWSTX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2003 | 0.54 |
The correlation between MWLDX and MWSTX shifts across timeframes, from 0.54 (all time) to 0.80 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MWLDX vs. MWSTX — Risk / Return Rank
MWLDX
MWSTX
MWLDX vs. MWSTX - 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 Strategic Income Fund (MWSTX). 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 | MWSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.53 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 3.83 | -0.94 |
| Martin ratioReturn relative to average drawdown | 10.37 | 15.11 | -4.73 |
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Drawdowns
MWLDX vs. MWSTX - Drawdown Comparison
The maximum MWLDX drawdown since its inception was -19.48%, smaller than the maximum MWSTX drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for MWLDX and MWSTX.
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Drawdown Indicators
| MWLDX | MWSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.48% | -37.03% | +17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -1.45% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -1.75% | -3.12% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -8.36% | -13.75% | +5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -8.36% | -13.75% | +5.39% |
Current DrawdownCurrent decline from peak | -0.54% | -0.32% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -3.07% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.37% | -0.01% |
Volatility
MWLDX vs. MWSTX - Volatility Comparison
The current volatility for Metropolitan West Low Duration Bond Fund (MWLDX) is 0.65%, while Metropolitan West Strategic Income Fund (MWSTX) has a volatility of 0.72%. This indicates that MWLDX experiences smaller price fluctuations and is considered to be less risky than MWSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWLDX | MWSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.72% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 1.86% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.07% | 2.52% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 3.89% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.26% | 3.43% | -1.17% |
MWLDX vs. MWSTX - Expense Ratio Comparison
MWLDX has a 0.62% expense ratio, which is lower than MWSTX's 1.04% expense ratio.
Dividends
MWLDX vs. MWSTX - Dividend Comparison
MWLDX's dividend yield for the trailing twelve months is around 3.79%, less than MWSTX's 5.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWLDX Metropolitan West Low Duration Bond Fund | 3.79% | 3.75% | 3.71% | 3.22% | 1.56% | 0.69% | 1.39% | 2.41% | 2.50% | 1.38% | 1.52% | 1.12% |
MWSTX Metropolitan West Strategic Income Fund | 5.40% | 5.69% | 6.19% | 6.26% | 8.59% | 7.70% | 5.45% | 4.14% | 4.23% | 3.48% | 4.24% | 2.97% |
Frequently Asked Questions
MWLDX and MWSTX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MWSTX has higher volatility (0.72%) compared to MWLDX (0.65%). In terms of maximum drawdown, MWLDX dropped -19.48% vs MWSTX's -37.03%.
MWSTX currently has the higher Sharpe Ratio (2.19 vs 1.80), 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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