MWTIX vs. ABNFX
MWTIX (Metropolitan West Total Return Bond Fund Class I) and ABNFX (American Funds The Bond Fund of America® Class F-2) are both mutual funds - MWTIX is a Total Bond Market fund managed by Metropolitan West Funds, while ABNFX is a Intermediate Core Bond fund managed by American Funds. Over the past 10 years, MWTIX returned 1.63%/yr vs 1.93%/yr for ABNFX. Their correlation of 0.91 suggests significant overlap in exposure. MWTIX charges 0.45%/yr vs 0.35%/yr for ABNFX.
Performance
MWTIX vs. ABNFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MWTIX achieves a 0.24% return, which is significantly higher than ABNFX's 0.19% return. Over the past 10 years, MWTIX has underperformed ABNFX with an annualized return of 1.63%, while ABNFX has yielded a comparatively higher 1.93% annualized return.
MWTIX
- 1D
- 0.00%
- 1M
- 0.39%
- YTD
- 0.24%
- 6M
- 0.16%
- 1Y
- 5.62%
- 3Y*
- 3.94%
- 5Y*
- -0.37%
- 10Y*
- 1.63%
ABNFX
- 1D
- 0.00%
- 1M
- 0.46%
- YTD
- 0.19%
- 6M
- 0.12%
- 1Y
- 5.28%
- 3Y*
- 3.92%
- 5Y*
- 0.01%
- 10Y*
- 1.93%
MWTIX vs. ABNFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWTIX Metropolitan West Total Return Bond Fund Class I | 0.24% | 7.51% | 0.77% | 6.02% | -15.49% | -1.32% | 9.00% | 9.10% | 0.36% | 3.43% |
ABNFX American Funds The Bond Fund of America® Class F-2 | 0.19% | 7.42% | 1.42% | 4.29% | -13.08% | -0.88% | 10.86% | 8.08% | 0.15% | 3.48% |
Correlation
The correlation between MWTIX and ABNFX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2008 | 0.91 |
The correlation between MWTIX and ABNFX has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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
MWTIX vs. ABNFX — Risk / Return Rank
MWTIX
ABNFX
MWTIX vs. ABNFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Total Return Bond Fund Class I (MWTIX) and American Funds The Bond Fund of America® Class F-2 (ABNFX). 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.
| MWTIX | ABNFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.71 | -0.02 |
| Martin ratioReturn relative to average drawdown | 5.11 | 5.13 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MWTIX | ABNFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.34 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.00 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.40 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.65 | +0.27 |
Drawdowns
MWTIX vs. ABNFX - Drawdown Comparison
The maximum MWTIX drawdown since its inception was -20.58%, which is greater than ABNFX's maximum drawdown of -17.69%. Use the drawdown chart below to compare losses from any high point for MWTIX and ABNFX.
Loading charts...
Drawdown Indicators
| MWTIX | ABNFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.58% | -17.69% | -2.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -3.09% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -6.12% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -20.51% | -17.65% | -2.86% |
Max Drawdown (10Y)Largest decline over 10 years | -20.58% | -17.69% | -2.89% |
Current DrawdownCurrent decline from peak | -3.98% | -1.92% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -3.29% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.03% | +0.07% |
Volatility
MWTIX vs. ABNFX - Volatility Comparison
Metropolitan West Total Return Bond Fund Class I (MWTIX) has a higher volatility of 1.54% compared to American Funds The Bond Fund of America® Class F-2 (ABNFX) at 1.40%. This indicates that MWTIX's price experiences larger fluctuations and is considered to be riskier than ABNFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MWTIX | ABNFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.40% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 2.83% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 3.95% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.64% | 5.96% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 4.89% | +0.44% |
MWTIX vs. ABNFX - Expense Ratio Comparison
MWTIX has a 0.45% expense ratio, which is higher than ABNFX's 0.35% expense ratio.
Dividends
MWTIX vs. ABNFX - Dividend Comparison
MWTIX's dividend yield for the trailing twelve months is around 4.06%, less than ABNFX's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNFX American Funds The Bond Fund of America® Class F-2 | 4.38% | 4.37% | 4.55% | 3.19% | 2.37% | 2.07% | 5.15% | 3.72% | 2.65% | 2.10% | 2.31% | 2.24% |
MWTIX Metropolitan West Total Return Bond Fund Class I | 4.06% | 3.89% | 4.38% | 4.11% | 2.08% | 1.12% | 6.48% | 3.61% | 2.91% | 2.14% | 3.35% | 2.94% |
Frequently Asked Questions
With a correlation of 0.96, MWTIX and ABNFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MWTIX has higher volatility (1.54%) compared to ABNFX (1.40%). In terms of maximum drawdown, MWTIX dropped -20.58% vs ABNFX's -17.69%.
ABNFX currently has the higher Sharpe Ratio (1.34 vs 1.29), 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 MWTIX and ABNFX
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