MWTIX vs. VWETX
Compare and contrast key facts about Metropolitan West Total Return Bond Fund Class I (MWTIX) and Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX).
MWTIX is managed by Metropolitan West Funds. VWETX is managed by Vanguard. It was launched on Feb 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWTIX or VWETX.
Key characteristics
| MWTIX | VWETX | |
|---|---|---|
| YTD Return | 2.08% | 0.98% |
| 1Y Return | 9.65% | 14.47% |
| 3Y Return (Ann) | -2.92% | -7.51% |
| 5Y Return (Ann) | -1.03% | -2.45% |
| 10Y Return (Ann) | 0.73% | 1.22% |
| Sharpe Ratio | 1.28 | 1.14 |
| Sortino Ratio | 1.89 | 1.67 |
| Omega Ratio | 1.23 | 1.20 |
| Calmar Ratio | 0.43 | 0.36 |
| Martin Ratio | 4.37 | 3.53 |
| Ulcer Index | 2.01% | 3.57% |
| Daily Std Dev | 6.88% | 11.08% |
| Max Drawdown | -23.26% | -38.99% |
| Current Drawdown | -12.78% | -25.15% |
Correlation
The correlation between MWTIX and VWETX is 0.81, 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.
Performance
MWTIX vs. VWETX - Performance Comparison
In the year-to-date period, MWTIX achieves a 2.08% return, which is significantly higher than VWETX's 0.98% return. Over the past 10 years, MWTIX has underperformed VWETX with an annualized return of 0.73%, while VWETX has yielded a comparatively higher 1.22% annualized 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. VWETX - Expense Ratio Comparison
MWTIX has a 0.45% expense ratio, which is higher than VWETX's 0.12% expense ratio.
Risk-Adjusted Performance
MWTIX vs. VWETX - 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 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.
Dividends
MWTIX vs. VWETX - Dividend Comparison
MWTIX's dividend yield for the trailing twelve months is around 4.33%, less than VWETX's 4.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWTIX Metropolitan West Total Return Bond Fund Class I | 4.33% | 4.11% | 2.93% | 1.30% | 1.78% | 2.76% | 2.73% | 2.16% | 2.09% | 1.84% | 2.30% | 3.13% |
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | 4.88% | 4.66% | 4.54% | 3.23% | 3.27% | 3.75% | 4.43% | 4.08% | 4.46% | 4.61% | 4.46% | 5.13% |
Drawdowns
MWTIX vs. VWETX - Drawdown Comparison
The maximum MWTIX drawdown since its inception was -23.26%, smaller than the maximum VWETX drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for MWTIX and VWETX. For additional features, visit the drawdowns tool.
Volatility
MWTIX vs. VWETX - Volatility Comparison
The current volatility for Metropolitan West Total Return Bond Fund Class I (MWTIX) is 1.72%, while Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) has a volatility of 3.56%. 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.