MWTIX vs. FXNAX
Compare and contrast key facts about Metropolitan West Total Return Bond Fund Class I (MWTIX) and Fidelity U.S. Bond Index Fund (FXNAX).
MWTIX is managed by Metropolitan West Funds. FXNAX is managed by Fidelity.
Performance
MWTIX vs. FXNAX - Performance Comparison
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MWTIX vs. FXNAX - 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% |
FXNAX Fidelity U.S. Bond Index Fund | -0.26% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 3.50% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with MWTIX at -0.26% and FXNAX at -0.26%. Over the past 10 years, MWTIX has outperformed FXNAX with an annualized return of 1.67%, while FXNAX has yielded a comparatively lower 1.54% 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%
FXNAX
- 1D
- 0.19%
- 1M
- -1.60%
- YTD
- -0.26%
- 6M
- 0.47%
- 1Y
- 3.69%
- 3Y*
- 3.52%
- 5Y*
- 0.10%
- 10Y*
- 1.54%
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MWTIX vs. FXNAX - Expense Ratio Comparison
MWTIX has a 0.45% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Return for Risk
MWTIX vs. FXNAX — Risk / Return Rank
MWTIX
FXNAX
MWTIX vs. FXNAX - 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 U.S. Bond Index Fund (FXNAX). 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 | FXNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.93 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.33 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.66 | -0.21 |
Martin ratioReturn relative to average drawdown | 3.83 | 4.68 | -0.85 |
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 | FXNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.93 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.02 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.31 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.45 | +0.48 |
Correlation
The correlation between MWTIX and FXNAX is 0.93, 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. FXNAX - Dividend Comparison
MWTIX's dividend yield for the trailing twelve months is around 3.63%, more than FXNAX's 3.34% 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% |
FXNAX Fidelity U.S. Bond Index Fund | 3.34% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
Drawdowns
MWTIX vs. FXNAX - Drawdown Comparison
The maximum MWTIX drawdown since its inception was -20.58%, which is greater than FXNAX's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for MWTIX and FXNAX.
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Drawdown Indicators
| MWTIX | FXNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.58% | -19.51% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.71% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.51% | -18.54% | -1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -20.58% | -19.51% | -1.07% |
Current DrawdownCurrent decline from peak | -4.46% | -3.53% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -3.87% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.96% | +0.20% |
Volatility
MWTIX vs. FXNAX - Volatility Comparison
Metropolitan West Total Return Bond Fund Class I (MWTIX) has a higher volatility of 1.74% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.55%. This indicates that MWTIX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWTIX | FXNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.55% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.58% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 4.35% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 6.04% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.30% | 4.99% | +0.31% |