MWTIX vs. FTBFX
Compare and contrast key facts about Metropolitan West Total Return Bond Fund Class I (MWTIX) and Fidelity Total Bond Fund (FTBFX).
MWTIX is managed by Metropolitan West Funds. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Performance
MWTIX vs. FTBFX - Performance Comparison
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MWTIX vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWTIX Metropolitan West Total Return Bond Fund Class I | -0.26% | 7.51% | 0.77% | 6.02% | -15.49% | -1.32% | 9.00% | 9.10% | 0.36% | 3.43% |
FTBFX Fidelity Total Bond Fund | -0.29% | 7.50% | 2.50% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
Returns By Period
In the year-to-date period, MWTIX achieves a -0.26% return, which is significantly higher than FTBFX's -0.29% return. Over the past 10 years, MWTIX has underperformed FTBFX with an annualized return of 1.67%, while FTBFX has yielded a comparatively higher 2.60% annualized return.
MWTIX
- 1D
- 0.22%
- 1M
- -1.62%
- YTD
- -0.26%
- 6M
- 0.54%
- 1Y
- 3.68%
- 3Y*
- 3.56%
- 5Y*
- -0.35%
- 10Y*
- 1.67%
FTBFX
- 1D
- 0.21%
- 1M
- -1.74%
- YTD
- -0.29%
- 6M
- 0.46%
- 1Y
- 4.07%
- 3Y*
- 4.50%
- 5Y*
- 0.82%
- 10Y*
- 2.60%
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MWTIX vs. FTBFX - Expense Ratio Comparison
Both MWTIX and FTBFX have an expense ratio of 0.45%.
Return for Risk
MWTIX vs. FTBFX — Risk / Return Rank
MWTIX
FTBFX
MWTIX vs. FTBFX - 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 Fidelity Total Bond Fund (FTBFX). 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 | FTBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.01 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.44 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.74 | -0.29 |
Martin ratioReturn relative to average drawdown | 3.83 | 5.30 | -1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MWTIX | FTBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.01 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.15 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.56 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.93 | 0.00 |
Correlation
The correlation between MWTIX and FTBFX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MWTIX vs. FTBFX - Dividend Comparison
MWTIX's dividend yield for the trailing twelve months is around 3.63%, less than FTBFX's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWTIX Metropolitan West Total Return Bond Fund Class I | 3.63% | 3.89% | 4.38% | 4.11% | 2.08% | 1.12% | 6.48% | 3.61% | 2.91% | 2.14% | 3.35% | 2.94% |
FTBFX Fidelity Total Bond Fund | 4.01% | 4.36% | 4.51% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Drawdowns
MWTIX vs. FTBFX - Drawdown Comparison
The maximum MWTIX drawdown since its inception was -20.58%, which is greater than FTBFX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for MWTIX and FTBFX.
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Drawdown Indicators
| MWTIX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.58% | -18.25% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.81% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -20.51% | -18.25% | -2.26% |
Max Drawdown (10Y)Largest decline over 10 years | -20.58% | -18.25% | -2.33% |
Current DrawdownCurrent decline from peak | -4.46% | -2.15% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -2.31% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.92% | +0.24% |
Volatility
MWTIX vs. FTBFX - Volatility Comparison
Metropolitan West Total Return Bond Fund Class I (MWTIX) has a higher volatility of 1.74% compared to Fidelity Total Bond Fund (FTBFX) at 1.48%. This indicates that MWTIX's price experiences larger fluctuations and is considered to be riskier than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWTIX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.48% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.46% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 4.29% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 5.62% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.30% | 4.70% | +0.60% |