MWSTX vs. MWFEX
Compare and contrast key facts about Metropolitan West Strategic Income Fund (MWSTX) and Metropolitan West Flexible Income Fund (MWFEX).
MWSTX is managed by Metropolitan West Funds. It was launched on Jun 29, 2003. MWFEX is managed by Metropolitan West Funds. It was launched on Nov 29, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWSTX or MWFEX.
Key characteristics
| MWSTX | MWFEX | |
|---|---|---|
| YTD Return | 5.08% | 412.72% |
| 1Y Return | 9.24% | 437.23% |
| 3Y Return (Ann) | 2.21% | 72.66% |
| 5Y Return (Ann) | 2.79% | 43.12% |
| Sharpe Ratio | 2.54 | 1.10 |
| Sortino Ratio | 4.07 | 167.31 |
| Omega Ratio | 1.56 | 27.34 |
| Calmar Ratio | 2.95 | 75.22 |
| Martin Ratio | 14.11 | 551.04 |
| Ulcer Index | 0.72% | 0.80% |
| Daily Std Dev | 3.99% | 401.17% |
| Max Drawdown | -37.19% | -13.94% |
| Current Drawdown | -1.32% | 0.00% |
Correlation
The correlation between MWSTX and MWFEX is 0.74, 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.
Performance
MWSTX vs. MWFEX - Performance Comparison
In the year-to-date period, MWSTX achieves a 5.08% return, which is significantly lower than MWFEX's 412.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MWSTX vs. MWFEX - Expense Ratio Comparison
MWSTX has a 1.04% expense ratio, which is higher than MWFEX's 0.55% expense ratio.
Risk-Adjusted Performance
MWSTX vs. MWFEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Strategic Income Fund (MWSTX) and Metropolitan West Flexible Income Fund (MWFEX). 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.
Dividends
MWSTX vs. MWFEX - Dividend Comparison
MWSTX's dividend yield for the trailing twelve months is around 7.02%, more than MWFEX's 1.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWSTX Metropolitan West Strategic Income Fund | 7.02% | 7.54% | 11.67% | 8.77% | 5.46% | 4.13% | 3.88% | 3.49% | 3.49% | 2.70% | 1.78% | 3.35% |
MWFEX Metropolitan West Flexible Income Fund | 1.90% | 8.29% | 10.14% | 9.26% | 13.57% | 16.21% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MWSTX vs. MWFEX - Drawdown Comparison
The maximum MWSTX drawdown since its inception was -37.19%, which is greater than MWFEX's maximum drawdown of -13.94%. Use the drawdown chart below to compare losses from any high point for MWSTX and MWFEX. For additional features, visit the drawdowns tool.
Volatility
MWSTX vs. MWFEX - Volatility Comparison
Metropolitan West Strategic Income Fund (MWSTX) has a higher volatility of 1.06% compared to Metropolitan West Flexible Income Fund (MWFEX) at 0.00%. This indicates that MWSTX's price experiences larger fluctuations and is considered to be riskier than MWFEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.