MWTIX vs. DODIX
MWTIX (Metropolitan West Total Return Bond Fund Class I) and DODIX (Dodge & Cox Income Fund) are both mutual funds - MWTIX is a Total Bond Market fund managed by Metropolitan West Funds, while DODIX is a Intermediate Core-Plus Bond fund actively managed by Dodge & Cox. Over the past 10 years, MWTIX returned 1.61%/yr vs 2.92%/yr for DODIX. Their correlation of 0.83 suggests significant overlap in exposure. MWTIX charges 0.45%/yr vs 0.41%/yr for DODIX.
Performance
MWTIX vs. DODIX - Performance Comparison
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Returns By Period
In the year-to-date period, MWTIX achieves a 0.24% return, which is significantly lower than DODIX's 0.67% return. Over the past 10 years, MWTIX has underperformed DODIX with an annualized return of 1.61%, while DODIX has yielded a comparatively higher 2.92% annualized return.
MWTIX
- 1D
- 0.22%
- 1M
- 0.94%
- YTD
- 0.24%
- 6M
- 0.82%
- 1Y
- 4.92%
- 3Y*
- 3.98%
- 5Y*
- -0.53%
- 10Y*
- 1.61%
DODIX
- 1D
- 0.23%
- 1M
- 0.95%
- YTD
- 0.67%
- 6M
- 0.83%
- 1Y
- 5.75%
- 3Y*
- 5.20%
- 5Y*
- 1.20%
- 10Y*
- 2.92%
MWTIX vs. DODIX - 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% |
DODIX Dodge & Cox Income Fund | 0.67% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Correlation
The correlation between MWTIX and DODIX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2000 | 0.83 |
The correlation between MWTIX and DODIX shifts across timeframes, from 0.83 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MWTIX vs. DODIX — Risk / Return Rank
MWTIX
DODIX
MWTIX vs. DODIX - 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 Dodge & Cox Income Fund (DODIX). 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 | DODIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.82 | -0.34 |
| Martin ratioReturn relative to average drawdown | 4.17 | 5.22 | -1.05 |
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Drawdowns
MWTIX vs. DODIX - Drawdown Comparison
The maximum MWTIX drawdown since its inception was -20.58%, which is greater than DODIX's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for MWTIX and DODIX.
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Drawdown Indicators
| MWTIX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.58% | -16.89% | -3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -3.17% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -5.68% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.51% | -16.89% | -3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -20.58% | -16.89% | -3.69% |
Current DrawdownCurrent decline from peak | -3.98% | -1.48% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -1.50% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.10% | +0.08% |
Volatility
MWTIX vs. DODIX - Volatility Comparison
Metropolitan West Total Return Bond Fund Class I (MWTIX) has a higher volatility of 1.32% compared to Dodge & Cox Income Fund (DODIX) at 1.18%. This indicates that MWTIX's price experiences larger fluctuations and is considered to be riskier than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWTIX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.18% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.24% | 3.06% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 4.05% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 5.57% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 4.45% | +0.88% |
MWTIX vs. DODIX - Expense Ratio Comparison
MWTIX has a 0.45% expense ratio, which is higher than DODIX's 0.41% expense ratio.
Dividends
MWTIX vs. DODIX - Dividend Comparison
MWTIX's dividend yield for the trailing twelve months is around 4.06%, less than DODIX's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODIX Dodge & Cox Income Fund | 4.25% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
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 0.91, MWTIX and DODIX 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 (1.32%) compared to DODIX (1.18%). In terms of maximum drawdown, MWTIX dropped -20.58% vs DODIX's -16.89%.
DODIX currently has the higher Sharpe Ratio (1.43 vs 1.15), 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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