MWTIX vs. VWETX
MWTIX (Metropolitan West Total Return Bond Fund Class I) and VWETX (Vanguard Long-Term Investment-Grade Fund Admiral Shares) are both Total Bond Market funds. Over the past 10 years, MWTIX returned 1.56%/yr vs 1.67%/yr for VWETX. Their correlation of 0.82 suggests significant overlap in exposure. MWTIX charges 0.45%/yr vs 0.12%/yr for VWETX.
Performance
MWTIX vs. VWETX - Performance Comparison
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Returns By Period
In the year-to-date period, MWTIX achieves a 0.02% return, which is significantly lower than VWETX's 0.59% return. Over the past 10 years, MWTIX has underperformed VWETX with an annualized return of 1.56%, while VWETX has yielded a comparatively higher 1.67% annualized return.
MWTIX
- 1D
- -0.22%
- 1M
- 0.72%
- YTD
- 0.02%
- 6M
- 0.70%
- 1Y
- 4.45%
- 3Y*
- 3.91%
- 5Y*
- -0.52%
- 10Y*
- 1.56%
VWETX
- 1D
- -0.66%
- 1M
- 1.38%
- YTD
- 0.59%
- 6M
- 0.88%
- 1Y
- 6.09%
- 3Y*
- 3.13%
- 5Y*
- -2.72%
- 10Y*
- 1.67%
MWTIX vs. VWETX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWTIX Metropolitan West Total Return Bond Fund Class I | 0.02% | 7.51% | 0.77% | 6.02% | -15.49% | -1.32% | 9.00% | 9.10% | 0.36% | 3.43% |
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | 0.59% | 7.31% | -2.70% | 8.92% | -25.54% | -2.79% | 15.50% | 20.56% | -6.17% | 12.08% |
Correlation
The correlation between MWTIX and VWETX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2001 | 0.82 |
The correlation between MWTIX and VWETX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
MWTIX vs. VWETX — Risk / Return Rank
MWTIX
VWETX
MWTIX vs. VWETX - 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 Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MWTIX | VWETX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.22 | +0.19 |
| Martin ratioReturn relative to average drawdown | 3.95 | 3.05 | +0.90 |
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Drawdowns
MWTIX vs. VWETX - Drawdown Comparison
The maximum MWTIX drawdown since its inception was -20.58%, smaller than the maximum VWETX drawdown of -36.04%. Use the drawdown chart below to compare losses from any high point for MWTIX and VWETX.
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Drawdown Indicators
| MWTIX | VWETX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.58% | -36.04% | +15.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -5.12% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -13.33% | +6.24% |
Max Drawdown (5Y)Largest decline over 5 years | -20.51% | -34.42% | +13.91% |
Max Drawdown (10Y)Largest decline over 10 years | -20.58% | -36.04% | +15.46% |
Current DrawdownCurrent decline from peak | -4.19% | -18.76% | +14.57% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -7.23% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 2.05% | -0.86% |
Volatility
MWTIX vs. VWETX - Volatility Comparison
The current volatility for Metropolitan West Total Return Bond Fund Class I (MWTIX) is 1.20%, while Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) has a volatility of 1.97%. This indicates that MWTIX experiences smaller price fluctuations and is considered to be less risky than VWETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWTIX | VWETX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.97% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 5.68% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 7.72% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 12.07% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 10.86% | -5.52% |
MWTIX vs. VWETX - Expense Ratio Comparison
MWTIX has a 0.45% expense ratio, which is higher than VWETX's 0.12% expense ratio.
Dividends
MWTIX vs. VWETX - Dividend Comparison
MWTIX's dividend yield for the trailing twelve months is around 4.07%, less than VWETX's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWTIX Metropolitan West Total Return Bond Fund Class I | 4.07% | 3.89% | 4.38% | 4.11% | 2.08% | 1.12% | 6.48% | 3.61% | 2.91% | 2.14% | 3.35% | 2.94% |
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | 5.18% | 5.06% | 5.10% | 4.26% | 4.54% | 4.86% | 6.99% | 5.11% | 4.40% | 5.60% | 6.25% | 7.49% |
Frequently Asked Questions
MWTIX and VWETX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWETX has higher volatility (1.97%) compared to MWTIX (1.20%). In terms of maximum drawdown, MWTIX dropped -20.58% vs VWETX's -36.04%.
MWTIX currently has the higher Sharpe Ratio (1.10 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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