MWTIX vs. SPYD
Compare and contrast key facts about Metropolitan West Total Return Bond Fund Class I (MWTIX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
MWTIX is managed by Metropolitan West Funds. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWTIX or SPYD.
Performance
MWTIX vs. SPYD - Performance Comparison
Returns By Period
In the year-to-date period, MWTIX achieves a 1.06% return, which is significantly lower than SPYD's 20.81% return.
MWTIX
1.06%
-1.05%
3.04%
6.70%
-1.38%
0.60%
SPYD
20.81%
0.57%
14.66%
34.60%
8.51%
N/A
Key characteristics
| MWTIX | SPYD | |
|---|---|---|
| Sharpe Ratio | 1.01 | 2.59 |
| Sortino Ratio | 1.48 | 3.61 |
| Omega Ratio | 1.18 | 1.46 |
| Calmar Ratio | 0.34 | 2.11 |
| Martin Ratio | 3.12 | 17.21 |
| Ulcer Index | 2.15% | 1.97% |
| Daily Std Dev | 6.65% | 13.03% |
| Max Drawdown | -23.26% | -46.42% |
| Current Drawdown | -13.65% | -0.78% |
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MWTIX vs. SPYD - Expense Ratio Comparison
MWTIX has a 0.45% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Correlation
The correlation between MWTIX and SPYD is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
MWTIX vs. SPYD - 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 SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
MWTIX's dividend yield for the trailing twelve months is around 4.38%, more than SPYD's 4.04% 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% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.04% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
MWTIX vs. SPYD - Drawdown Comparison
The maximum MWTIX drawdown since its inception was -23.26%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for MWTIX and SPYD. For additional features, visit the drawdowns tool.
Volatility
MWTIX vs. SPYD - Volatility Comparison
The current volatility for Metropolitan West Total Return Bond Fund Class I (MWTIX) is 1.64%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 3.20%. This indicates that MWTIX experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.