MWTIX vs. TFAZX
Compare and contrast key facts about Metropolitan West Total Return Bond Fund Class I (MWTIX) and TFA Tactical Income Fund (TFAZX).
MWTIX is managed by Metropolitan West Funds. TFAZX is managed by Tactical Fund Advisors. It was launched on Jun 9, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWTIX or TFAZX.
Key characteristics
| MWTIX | TFAZX | |
|---|---|---|
| YTD Return | 1.18% | 0.96% |
| 1Y Return | 8.68% | 5.42% |
| 3Y Return (Ann) | -2.91% | -7.79% |
| 5Y Return (Ann) | -1.32% | -3.10% |
| Sharpe Ratio | 1.26 | 1.13 |
| Sortino Ratio | 1.87 | 1.56 |
| Omega Ratio | 1.23 | 1.22 |
| Calmar Ratio | 0.42 | 0.21 |
| Martin Ratio | 4.26 | 2.79 |
| Ulcer Index | 2.04% | 1.94% |
| Daily Std Dev | 6.87% | 4.81% |
| Max Drawdown | -23.26% | -26.90% |
| Current Drawdown | -13.55% | -21.80% |
Correlation
The correlation between MWTIX and TFAZX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MWTIX vs. TFAZX - Performance Comparison
In the year-to-date period, MWTIX achieves a 1.18% return, which is significantly higher than TFAZX's 0.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MWTIX vs. TFAZX - Expense Ratio Comparison
MWTIX has a 0.45% expense ratio, which is lower than TFAZX's 1.97% expense ratio.
Risk-Adjusted Performance
MWTIX vs. TFAZX - 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 TFA Tactical Income Fund (TFAZX). 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. TFAZX - Dividend Comparison
MWTIX's dividend yield for the trailing twelve months is around 4.37%, more than TFAZX's 3.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWTIX Metropolitan West Total Return Bond Fund Class I | 4.37% | 4.11% | 2.93% | 1.30% | 1.78% | 2.76% | 2.73% | 2.16% | 2.09% | 1.84% | 2.30% | 3.13% |
TFAZX TFA Tactical Income Fund | 3.02% | 3.05% | 0.84% | 0.00% | 0.06% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MWTIX vs. TFAZX - Drawdown Comparison
The maximum MWTIX drawdown since its inception was -23.26%, smaller than the maximum TFAZX drawdown of -26.90%. Use the drawdown chart below to compare losses from any high point for MWTIX and TFAZX. For additional features, visit the drawdowns tool.
Volatility
MWTIX vs. TFAZX - Volatility Comparison
Metropolitan West Total Return Bond Fund Class I (MWTIX) has a higher volatility of 1.87% compared to TFA Tactical Income Fund (TFAZX) at 1.14%. This indicates that MWTIX's price experiences larger fluctuations and is considered to be riskier than TFAZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.