MWSTX vs. MWCIX
MWSTX (Metropolitan West Strategic Income Fund) and MWCIX (Metropolitan West Unconstrained Bond Fund) are both Nontraditional Bonds funds from Metropolitan West Funds. Over the past 10 years, MWSTX returned 2.75%/yr vs 2.75%/yr for MWCIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. MWSTX charges 1.04%/yr vs 0.76%/yr for MWCIX.
Performance
MWSTX vs. MWCIX - Performance Comparison
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Returns By Period
In the year-to-date period, MWSTX achieves a 1.26% return, which is significantly higher than MWCIX's 1.18% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: MWSTX at 2.75% and MWCIX at 2.75%.
MWSTX
- 1D
- 0.16%
- 1M
- -0.49%
- 6M
- 0.80%
- YTD
- 1.26%
- 1Y
- 3.96%
- 3Y*
- 5.38%
- 5Y*
- 1.99%
- 10Y*
- 2.75%
- ALL TIME*
- 3.68%
MWCIX
- 1D
- 0.19%
- 1M
- -0.48%
- 6M
- 0.71%
- YTD
- 1.18%
- 1Y
- 4.09%
- 3Y*
- 5.58%
- 5Y*
- 1.85%
- 10Y*
- 2.75%
- ALL TIME*
- 4.14%
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 |
MWSTX vs. MWCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWSTX Metropolitan West Strategic Income Fund | 1.26% | 6.93% | 5.17% | 7.39% | -9.59% | 1.18% | 4.92% | 5.84% | 1.03% | 3.81% |
MWCIX Metropolitan West Unconstrained Bond Fund | 1.18% | 7.50% | 5.40% | 6.07% | -9.39% | 0.65% | 4.54% | 6.49% | 1.11% | 3.98% |
Correlation
The correlation between MWSTX and MWCIX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011 | 0.70 |
The correlation between MWSTX and MWCIX shifts across timeframes, from 0.70 (all time) to 0.88 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MWSTX vs. MWCIX — Risk / Return Rank
MWSTX
MWCIX
MWSTX vs. MWCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Strategic Income Fund (MWSTX) and Metropolitan West Unconstrained Bond Fund (MWCIX). 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.
| MWSTX | MWCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.42 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 3.02 | +0.30 |
| Martin ratioReturn relative to average drawdown | 12.74 | 11.94 | +0.80 |
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Drawdowns
MWSTX vs. MWCIX - Drawdown Comparison
The maximum MWSTX drawdown since its inception was -37.03%, which is greater than MWCIX's maximum drawdown of -13.00%. Use the drawdown chart below to compare losses from any high point for MWSTX and MWCIX.
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Drawdown Indicators
| MWSTX | MWCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.03% | -13.00% | -24.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -1.62% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -2.80% | -3.23% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | -13.00% | -0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -13.75% | -13.00% | -0.75% |
Current DrawdownCurrent decline from peak | -0.49% | -0.58% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -1.48% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.41% | -0.03% |
Volatility
MWSTX vs. MWCIX - Volatility Comparison
The current volatility for Metropolitan West Strategic Income Fund (MWSTX) is 0.58%, while Metropolitan West Unconstrained Bond Fund (MWCIX) has a volatility of 0.64%. This indicates that MWSTX experiences smaller price fluctuations and is considered to be less risky than MWCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWSTX | MWCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.64% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 2.01% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 2.47% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.88% | 3.65% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 3.17% | +0.26% |
MWSTX vs. MWCIX - Expense Ratio Comparison
MWSTX has a 1.04% expense ratio, which is higher than MWCIX's 0.76% expense ratio.
Dividends
MWSTX vs. MWCIX - Dividend Comparison
MWSTX's dividend yield for the trailing twelve months is around 4.90%, more than MWCIX's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWCIX Metropolitan West Unconstrained Bond Fund | 4.82% | 5.26% | 5.93% | 4.87% | 3.50% | 3.39% | 3.46% | 3.89% | 3.77% | 2.81% | 3.22% | 2.15% |
MWSTX Metropolitan West Strategic Income Fund | 4.90% | 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
MWSTX and MWCIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MWCIX has higher volatility (0.64%) compared to MWSTX (0.58%). In terms of maximum drawdown, MWSTX dropped -37.03% vs MWCIX's -13.00%.
MWCIX currently has the higher Sharpe Ratio (1.98 vs 1.97), 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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