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 Investments. It was launched on Jan 10, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWTIX or PDBAX.
Performance
MWTIX vs. PDBAX - Performance Comparison
Returns By Period
In the year-to-date period, MWTIX achieves a 1.06% return, which is significantly lower than PDBAX's 2.60% return. Over the past 10 years, MWTIX has underperformed PDBAX with an annualized return of 0.58%, while PDBAX has yielded a comparatively higher 1.45% annualized return.
MWTIX
1.06%
-0.72%
3.38%
6.70%
-1.37%
0.58%
PDBAX
2.60%
-0.30%
3.54%
7.95%
-0.80%
1.45%
Key characteristics
| MWTIX | PDBAX | |
|---|---|---|
| Sharpe Ratio | 1.01 | 1.44 |
| Sortino Ratio | 1.48 | 2.08 |
| Omega Ratio | 1.18 | 1.26 |
| Calmar Ratio | 0.34 | 0.53 |
| Martin Ratio | 3.07 | 5.11 |
| Ulcer Index | 2.18% | 1.56% |
| Daily Std Dev | 6.65% | 5.54% |
| Max Drawdown | -23.26% | -20.62% |
| Current Drawdown | -13.65% | -7.97% |
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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.
Correlation
The correlation between MWTIX and PDBAX is 0.85, 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.
Risk-Adjusted Performance
MWTIX vs. PDBAX - Risk-Adjusted Performance 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.
Dividends
MWTIX vs. PDBAX - Dividend Comparison
MWTIX's dividend yield for the trailing twelve months is around 4.38%, less than PDBAX's 4.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWTIX Metropolitan West Total Return Bond Fund Class I | 4.38% | 4.11% | 2.93% | 1.30% | 1.78% | 2.76% | 2.73% | 2.16% | 2.09% | 1.84% | 2.30% | 3.13% |
PDBAX PGIM Total Return Bond Fund | 4.50% | 4.32% | 4.83% | 2.69% | 2.69% | 3.34% | 3.75% | 2.63% | 2.60% | 2.93% | 3.33% | 3.50% |
Drawdowns
MWTIX vs. PDBAX - Drawdown Comparison
The maximum MWTIX drawdown since its inception was -23.26%, which is greater than PDBAX's maximum drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for MWTIX and PDBAX. For additional features, visit the drawdowns tool.
Volatility
MWTIX vs. PDBAX - Volatility Comparison
Metropolitan West Total Return Bond Fund Class I (MWTIX) has a higher volatility of 1.62% compared to PGIM Total Return Bond Fund (PDBAX) at 1.40%. 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.