MWSTX vs. MWLDX
MWSTX (Metropolitan West Strategic Income Fund) and MWLDX (Metropolitan West Low Duration Bond Fund) are both mutual funds - MWSTX is a Nontraditional Bonds fund managed by Metropolitan West Funds, while MWLDX is a Short-Term Bond fund managed by Metropolitan West Funds. Over the past 10 years, MWSTX returned 2.84%/yr vs 1.85%/yr for MWLDX. A 0.54 correlation means they provide meaningful diversification when combined. MWSTX charges 1.04%/yr vs 0.62%/yr for MWLDX.
Performance
MWSTX vs. MWLDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MWSTX achieves a 1.13% return, which is significantly higher than MWLDX's 0.18% return. Over the past 10 years, MWSTX has outperformed MWLDX with an annualized return of 2.84%, while MWLDX has yielded a comparatively lower 1.85% annualized return.
MWSTX
- 1D
- 0.00%
- 1M
- 0.42%
- YTD
- 1.13%
- 6M
- 1.62%
- 1Y
- 5.34%
- 3Y*
- 5.87%
- 5Y*
- 2.10%
- 10Y*
- 2.84%
MWLDX
- 1D
- -0.12%
- 1M
- 0.07%
- YTD
- 0.18%
- 6M
- 0.69%
- 1Y
- 3.35%
- 3Y*
- 4.29%
- 5Y*
- 1.63%
- 10Y*
- 1.85%
MWSTX vs. MWLDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MWLDX Metropolitan West Low Duration Bond Fund | 0.18% | 5.72% | 3.79% | 4.82% | -5.70% | -0.33% | 3.27% | 4.24% | 1.59% | 1.15% |
Correlation
The correlation between MWSTX and MWLDX 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 MWSTX and MWLDX shifts across timeframes, from 0.54 (all time) to 0.80 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MWSTX vs. MWLDX — Risk / Return Rank
MWSTX
MWLDX
MWSTX vs. MWLDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Strategic Income Fund (MWSTX) and Metropolitan West Low Duration Bond Fund (MWLDX). 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 | MWLDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.39 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.69 | +1.13 |
| Martin ratioReturn relative to average drawdown | 15.08 | 9.62 | +5.47 |
Loading charts...
Drawdowns
MWSTX vs. MWLDX - Drawdown Comparison
The maximum MWSTX drawdown since its inception was -37.03%, which is greater than MWLDX's maximum drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for MWSTX and MWLDX.
Loading charts...
Drawdown Indicators
| MWSTX | MWLDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.03% | -19.48% | -17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -1.29% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -3.12% | -1.75% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | -8.36% | -5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -13.75% | -8.36% | -5.39% |
Current DrawdownCurrent decline from peak | -0.32% | -0.66% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -1.25% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.36% | +0.01% |
Volatility
MWSTX vs. MWLDX - Volatility Comparison
Metropolitan West Strategic Income Fund (MWSTX) has a higher volatility of 0.71% compared to Metropolitan West Low Duration Bond Fund (MWLDX) at 0.62%. This indicates that MWSTX's price experiences larger fluctuations and is considered to be riskier than MWLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MWSTX | MWLDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.62% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 1.53% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 2.08% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.89% | 2.87% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 2.26% | +1.18% |
MWSTX vs. MWLDX - Expense Ratio Comparison
MWSTX has a 1.04% expense ratio, which is higher than MWLDX's 0.62% expense ratio.
Dividends
MWSTX vs. MWLDX - Dividend Comparison
MWSTX's dividend yield for the trailing twelve months is around 5.40%, more than MWLDX's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWLDX Metropolitan West Low Duration Bond Fund | 3.80% | 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
MWSTX and MWLDX 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 (0.71%) compared to MWLDX (0.62%). In terms of maximum drawdown, MWSTX dropped -37.03% vs MWLDX's -19.48%.
MWSTX currently has the higher Sharpe Ratio (2.19 vs 1.68), 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.
Find the right allocation for MWSTX and MWLDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer