MWTIX vs. PDBAX
Compare and contrast key facts about Metropolitan West Total Return Bond Fund Class I (MWTIX) and PGIM Total Return Bond Fund (PDBAX).
MWTIX is managed by Metropolitan West Funds. PDBAX is managed by PGIM. It was launched on Jan 10, 1995.
Performance
MWTIX vs. PDBAX - Performance Comparison
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MWTIX vs. PDBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWTIX Metropolitan West Total Return Bond Fund Class I | -0.48% | 7.51% | 0.77% | 6.02% | -15.49% | -1.32% | 9.00% | 9.10% | 0.36% | 3.43% |
PDBAX PGIM Total Return Bond Fund | -0.65% | 7.50% | 1.82% | 6.51% | -14.52% | -1.77% | 7.78% | 14.71% | -0.97% | 6.30% |
Returns By Period
In the year-to-date period, MWTIX achieves a -0.48% return, which is significantly higher than PDBAX's -0.65% return. Over the past 10 years, MWTIX has underperformed PDBAX with an annualized return of 1.64%, while PDBAX has yielded a comparatively higher 2.52% annualized return.
MWTIX
- 1D
- 0.55%
- 1M
- -2.47%
- YTD
- -0.48%
- 6M
- 0.53%
- 1Y
- 3.79%
- 3Y*
- 3.48%
- 5Y*
- -0.32%
- 10Y*
- 1.64%
PDBAX
- 1D
- 0.50%
- 1M
- -2.59%
- YTD
- -0.65%
- 6M
- 0.48%
- 1Y
- 4.00%
- 3Y*
- 3.97%
- 5Y*
- 0.42%
- 10Y*
- 2.52%
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MWTIX vs. PDBAX - Expense Ratio Comparison
MWTIX has a 0.45% expense ratio, which is lower than PDBAX's 0.76% expense ratio.
Return for Risk
MWTIX vs. PDBAX — Risk / Return Rank
MWTIX
PDBAX
MWTIX vs. PDBAX - 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 PGIM Total Return Bond Fund (PDBAX). 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 | PDBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.98 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.40 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.62 | -0.05 |
Martin ratioReturn relative to average drawdown | 4.16 | 4.72 | -0.56 |
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 | PDBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.98 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.07 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.48 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 1.09 | -0.17 |
Correlation
The correlation between MWTIX and PDBAX is 0.86, 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. PDBAX - Dividend Comparison
MWTIX's dividend yield for the trailing twelve months is around 3.64%, less than PDBAX's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWTIX Metropolitan West Total Return Bond Fund Class I | 3.64% | 3.89% | 4.38% | 4.11% | 2.08% | 1.12% | 6.48% | 3.61% | 2.91% | 2.14% | 3.35% | 2.94% |
PDBAX PGIM Total Return Bond Fund | 3.95% | 4.27% | 3.76% | 3.55% | 5.49% | 2.47% | 2.68% | 10.32% | 3.74% | 2.60% | 3.65% | 2.94% |
Drawdowns
MWTIX vs. PDBAX - Drawdown Comparison
The maximum MWTIX drawdown since its inception was -20.58%, roughly equal to the maximum PDBAX drawdown of -21.24%. Use the drawdown chart below to compare losses from any high point for MWTIX and PDBAX.
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Drawdown Indicators
| MWTIX | PDBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.58% | -21.24% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -3.07% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -20.51% | -21.01% | +0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -20.58% | -21.24% | +0.66% |
Current DrawdownCurrent decline from peak | -4.67% | -2.75% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -2.48% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.06% | +0.09% |
Volatility
MWTIX vs. PDBAX - Volatility Comparison
Metropolitan West Total Return Bond Fund Class I (MWTIX) has a higher volatility of 1.80% compared to PGIM Total Return Bond Fund (PDBAX) at 1.63%. This indicates that MWTIX's price experiences larger fluctuations and is considered to be riskier than PDBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWTIX | PDBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 1.63% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.70% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 4.59% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 5.99% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.30% | 5.32% | -0.02% |