MWTIX vs. BND
MWTIX (Metropolitan West Total Return Bond Fund Class I) and BND (Vanguard Total Bond Market ETF) are both Total Bond Market funds. Over the past 10 years, MWTIX returned 1.37%/yr vs 1.36%/yr for BND. Their correlation of 0.85 means they have usually moved in the same direction. MWTIX charges 0.45%/yr vs 0.03%/yr for BND.
Performance
MWTIX vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, MWTIX achieves a -0.71% return, which is significantly lower than BND's -0.54% return. Both investments have delivered pretty close results over the past 10 years, with MWTIX having a 1.37% annualized return and BND not far behind at 1.36%.
MWTIX
- 1D
- 0.00%
- 1M
- -1.10%
- 6M
- -0.98%
- YTD
- -0.71%
- 1Y
- 1.92%
- 3Y*
- 3.67%
- 5Y*
- -0.94%
- 10Y*
- 1.37%
- ALL TIME*
- 4.22%
BND
- 1D
- -0.26%
- 1M
- -1.20%
- 6M
- -0.75%
- YTD
- -0.54%
- 1Y
- 1.75%
- 3Y*
- 3.92%
- 5Y*
- -0.42%
- 10Y*
- 1.36%
- ALL TIME*
- 2.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $451.00M | $507.49M | $592.68M | |
| $0.00 | $0.00 | $0.00 |
MWTIX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWTIX Metropolitan West Total Return Bond Fund Class I | -0.71% | 7.51% | 0.77% | 6.02% | -15.49% | -1.32% | 9.00% | 9.10% | 0.36% | 3.43% |
BND Vanguard Total Bond Market ETF | -0.54% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between MWTIX and BND is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | 0.85 |
The correlation between MWTIX and BND shifts across timeframes, from 0.85 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MWTIX vs. BND — Risk / Return Rank
MWTIX
BND
MWTIX vs. BND - 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 Vanguard Total Bond Market ETF (BND). 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.
| MWTIX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.12 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.99 | -0.05 |
| Martin ratioReturn relative to average drawdown | 2.30 | 2.48 | -0.18 |
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Drawdowns
MWTIX vs. BND - Drawdown Comparison
The maximum MWTIX drawdown since its inception was -20.58%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for MWTIX and BND.
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Drawdown Indicators
| MWTIX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.58% | -18.58% | -2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -2.68% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -4.81% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.51% | -17.91% | -2.60% |
Max Drawdown (10Y)Largest decline over 10 years | -20.58% | -18.58% | -2.00% |
Current DrawdownCurrent decline from peak | -4.89% | -3.15% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -3.06% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 1.07% | +0.29% |
Volatility
MWTIX vs. BND - Volatility Comparison
Metropolitan West Total Return Bond Fund Class I (MWTIX) has a higher volatility of 1.04% compared to Vanguard Total Bond Market ETF (BND) at 0.98%. This indicates that MWTIX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWTIX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.98% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 2.90% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 3.70% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 6.03% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 5.53% | -0.19% |
MWTIX vs. BND - Expense Ratio Comparison
MWTIX has a 0.45% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
MWTIX vs. BND - Dividend Comparison
MWTIX's dividend yield for the trailing twelve months is around 3.75%, less than BND's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.69% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
MWTIX Metropolitan West Total Return Bond Fund Class I | 3.75% | 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 0.91, MWTIX and BND 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 (1.04%) compared to BND (0.98%). In terms of maximum drawdown, MWTIX dropped -20.58% vs BND's -18.58%.
MWTIX currently has the higher Sharpe Ratio (0.75 vs 0.72), 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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