MWSTX vs. GMODX
Compare and contrast key facts about Metropolitan West Strategic Income Fund (MWSTX) and GMO Opportunistic Income Fund (GMODX).
MWSTX is managed by Metropolitan West Funds. It was launched on Jun 29, 2003. GMODX is managed by GMO. It was launched on Oct 2, 2011.
Performance
MWSTX vs. GMODX - Performance Comparison
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MWSTX vs. GMODX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWSTX Metropolitan West Strategic Income Fund | 0.05% | 6.93% | 5.17% | 7.39% | -9.59% | 1.18% | 4.92% | 5.84% | 1.03% | 3.81% |
GMODX GMO Opportunistic Income Fund | 0.74% | 6.47% | 6.11% | 7.07% | -2.09% | 2.83% | 3.34% | 3.83% | 4.01% | 6.41% |
Returns By Period
In the year-to-date period, MWSTX achieves a 0.05% return, which is significantly lower than GMODX's 0.74% return. Over the past 10 years, MWSTX has underperformed GMODX with an annualized return of 2.82%, while GMODX has yielded a comparatively higher 4.36% annualized return.
MWSTX
- 1D
- 0.16%
- 1M
- -0.81%
- YTD
- 0.05%
- 6M
- 1.16%
- 1Y
- 4.62%
- 3Y*
- 5.62%
- 5Y*
- 1.99%
- 10Y*
- 2.82%
GMODX
- 1D
- -0.37%
- 1M
- -0.57%
- YTD
- 0.74%
- 6M
- 1.99%
- 1Y
- 4.96%
- 3Y*
- 6.18%
- 5Y*
- 3.87%
- 10Y*
- 4.36%
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MWSTX vs. GMODX - Expense Ratio Comparison
MWSTX has a 1.04% expense ratio, which is higher than GMODX's 0.47% expense ratio.
Return for Risk
MWSTX vs. GMODX — Risk / Return Rank
MWSTX
GMODX
MWSTX vs. GMODX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Strategic Income Fund (MWSTX) and GMO Opportunistic Income Fund (GMODX). 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.
| MWSTX | GMODX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 3.01 | -1.25 |
Sortino ratioReturn per unit of downside risk | 2.83 | 4.91 | -2.09 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.69 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 3.26 | 5.16 | -1.90 |
Martin ratioReturn relative to average drawdown | 11.40 | 23.65 | -12.26 |
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
| MWSTX | GMODX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 3.01 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.02 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 1.44 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 1.38 | -0.46 |
Correlation
The correlation between MWSTX and GMODX is 0.40, 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
MWSTX vs. GMODX - Dividend Comparison
MWSTX's dividend yield for the trailing twelve months is around 4.86%, less than GMODX's 5.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWSTX Metropolitan West Strategic Income Fund | 4.86% | 5.69% | 6.19% | 6.26% | 8.59% | 7.70% | 5.45% | 4.14% | 4.23% | 3.48% | 4.24% | 2.97% |
GMODX GMO Opportunistic Income Fund | 5.03% | 4.99% | 5.28% | 6.17% | 5.44% | 2.10% | 4.15% | 5.69% | 4.35% | 2.66% | 2.55% | 1.71% |
Drawdowns
MWSTX vs. GMODX - Drawdown Comparison
The maximum MWSTX drawdown since its inception was -37.03%, which is greater than GMODX's maximum drawdown of -8.79%. Use the drawdown chart below to compare losses from any high point for MWSTX and GMODX.
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Drawdown Indicators
| MWSTX | GMODX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.03% | -8.79% | -28.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -0.98% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | -5.79% | -7.96% |
Max Drawdown (10Y)Largest decline over 10 years | -13.75% | -8.79% | -4.96% |
Current DrawdownCurrent decline from peak | -1.13% | -0.73% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -0.71% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.21% | +0.25% |
Volatility
MWSTX vs. GMODX - Volatility Comparison
Metropolitan West Strategic Income Fund (MWSTX) has a higher volatility of 0.78% compared to GMO Opportunistic Income Fund (GMODX) at 0.58%. This indicates that MWSTX's price experiences larger fluctuations and is considered to be riskier than GMODX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWSTX | GMODX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.58% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 1.11% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 1.68% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.87% | 3.83% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.41% | 3.04% | +0.37% |