MWSTX vs. MWUSX
MWSTX (Metropolitan West Strategic Income Fund) and MWUSX (Metropolitan West Ultra Short Bond Fund) are both mutual funds - MWSTX is a Nontraditional Bonds fund managed by Metropolitan West Funds, while MWUSX is a Ultrashort Bond fund managed by Metropolitan West Funds. Over the past 10 years, MWSTX returned 2.84%/yr vs 1.91%/yr for MWUSX. At a 0.47 correlation, their price movements are largely independent. MWSTX charges 1.04%/yr vs 0.50%/yr for MWUSX.
Performance
MWSTX vs. MWUSX - Performance Comparison
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Returns By Period
In the year-to-date period, MWSTX achieves a 1.13% return, which is significantly higher than MWUSX's 0.91% return. Over the past 10 years, MWSTX has outperformed MWUSX with an annualized return of 2.84%, while MWUSX has yielded a comparatively lower 1.91% 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%
MWUSX
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 0.91%
- 6M
- 1.38%
- 1Y
- 3.93%
- 3Y*
- 4.36%
- 5Y*
- 2.28%
- 10Y*
- 1.91%
MWSTX vs. MWUSX - 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% |
MWUSX Metropolitan West Ultra Short Bond Fund | 0.91% | 5.15% | 4.44% | 4.09% | -2.78% | -0.30% | 1.18% | 2.95% | 2.36% | 0.83% |
Correlation
The correlation between MWSTX and MWUSX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2003 | 0.47 |
The correlation between MWSTX and MWUSX shifts across timeframes, from 0.47 (all time) to 0.63 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MWSTX vs. MWUSX — Risk / Return Rank
MWSTX
MWUSX
MWSTX vs. MWUSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Strategic Income Fund (MWSTX) and Metropolitan West Ultra Short Bond Fund (MWUSX). 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 | MWUSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.75 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 5.86 | -2.03 |
| Martin ratioReturn relative to average drawdown | 15.08 | 26.35 | -11.27 |
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Drawdowns
MWSTX vs. MWUSX - Drawdown Comparison
The maximum MWSTX drawdown since its inception was -37.03%, which is greater than MWUSX's maximum drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for MWSTX and MWUSX.
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Drawdown Indicators
| MWSTX | MWUSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.03% | -25.25% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -0.72% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -3.12% | -1.10% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | -5.06% | -8.69% |
Max Drawdown (10Y)Largest decline over 10 years | -13.75% | -5.06% | -8.69% |
Current DrawdownCurrent decline from peak | -0.32% | -0.24% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -1.75% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.16% | +0.21% |
Volatility
MWSTX vs. MWUSX - Volatility Comparison
Metropolitan West Strategic Income Fund (MWSTX) and Metropolitan West Ultra Short Bond Fund (MWUSX) have volatilities of 0.71% and 0.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWSTX | MWUSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.68% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 1.49% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 2.09% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.89% | 2.48% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 1.91% | +1.53% |
MWSTX vs. MWUSX - Expense Ratio Comparison
MWSTX has a 1.04% expense ratio, which is higher than MWUSX's 0.50% expense ratio.
Dividends
MWSTX vs. MWUSX - Dividend Comparison
MWSTX's dividend yield for the trailing twelve months is around 5.40%, more than MWUSX's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MWUSX Metropolitan West Ultra Short Bond Fund | 3.86% | 3.80% | 3.59% | 3.25% | 1.28% | 0.41% | 0.93% | 2.67% | 2.56% | 1.06% | 1.18% | 0.65% |
Frequently Asked Questions
MWSTX and MWUSX have a correlation of 0.49, 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 MWUSX (0.68%). In terms of maximum drawdown, MWSTX dropped -37.03% vs MWUSX's -25.25%.
MWSTX currently has the higher Sharpe Ratio (2.19 vs 2.02), 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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