MWTRX vs. AAIIX
MWTRX (Metropolitan West Total Return Bond Fund) and AAIIX (Ancora Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, MWTRX returned 1.36%/yr vs 3.01%/yr for AAIIX. At a 0.21 correlation, their price movements are largely independent. MWTRX charges 0.65%/yr vs 2.20%/yr for AAIIX.
Performance
MWTRX vs. AAIIX - Performance Comparison
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Returns By Period
In the year-to-date period, MWTRX achieves a -0.08% return, which is significantly lower than AAIIX's 1.53% return. Over the past 10 years, MWTRX has underperformed AAIIX with an annualized return of 1.36%, while AAIIX has yielded a comparatively higher 3.01% annualized return.
MWTRX
- 1D
- -0.33%
- 1M
- 0.60%
- YTD
- -0.08%
- 6M
- 0.57%
- 1Y
- 4.08%
- 3Y*
- 3.65%
- 5Y*
- -0.73%
- 10Y*
- 1.36%
AAIIX
- 1D
- -0.42%
- 1M
- -0.49%
- YTD
- 1.53%
- 6M
- 1.60%
- 1Y
- 5.44%
- 3Y*
- 6.74%
- 5Y*
- 1.78%
- 10Y*
- 3.01%
MWTRX vs. AAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWTRX Metropolitan West Total Return Bond Fund | -0.08% | 7.29% | 0.45% | 5.77% | -15.52% | -1.51% | 8.79% | 8.95% | 0.17% | 3.10% |
AAIIX Ancora Income Fund | 1.53% | 2.28% | 9.23% | 9.46% | -14.32% | 9.21% | 3.72% | 11.08% | -5.60% | 6.57% |
Correlation
The correlation between MWTRX and AAIIX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2004 | 0.21 |
The correlation between MWTRX and AAIIX shifts across timeframes, from 0.21 (all time) to 0.47 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MWTRX vs. AAIIX — Risk / Return Rank
MWTRX
AAIIX
MWTRX vs. AAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Total Return Bond Fund (MWTRX) and Ancora Income Fund (AAIIX). 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.
| MWTRX | AAIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.30 | +0.01 |
| Martin ratioReturn relative to average drawdown | 3.76 | 3.98 | -0.22 |
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Drawdowns
MWTRX vs. AAIIX - Drawdown Comparison
The maximum MWTRX drawdown since its inception was -20.81%, smaller than the maximum AAIIX drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for MWTRX and AAIIX.
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Drawdown Indicators
| MWTRX | AAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.81% | -98.01% | +77.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -4.19% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -7.14% | -98.01% | +90.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -98.01% | +77.34% |
Max Drawdown (10Y)Largest decline over 10 years | -20.81% | -98.01% | +77.20% |
Current DrawdownCurrent decline from peak | -5.23% | -97.80% | +92.57% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -12.53% | +9.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.37% | -0.19% |
Volatility
MWTRX vs. AAIIX - Volatility Comparison
Metropolitan West Total Return Bond Fund (MWTRX) and Ancora Income Fund (AAIIX) have volatilities of 1.24% and 1.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWTRX | AAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.26% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.24% | 3.38% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 4.58% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 2,046.08% | -2,039.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.32% | 1,446.22% | -1,440.90% |
MWTRX vs. AAIIX - Expense Ratio Comparison
MWTRX has a 0.65% expense ratio, which is lower than AAIIX's 2.20% expense ratio.
Dividends
MWTRX vs. AAIIX - Dividend Comparison
MWTRX's dividend yield for the trailing twelve months is around 3.82%, less than AAIIX's 5.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAIIX Ancora Income Fund | 5.24% | 4.09% | 4.57% | 4.77% | 4.52% | 4.46% | 5.68% | 3.96% | 4.36% | 5.69% | 6.40% | 6.99% |
MWTRX Metropolitan West Total Return Bond Fund | 3.82% | 3.69% | 4.16% | 3.88% | 1.91% | 0.93% | 6.38% | 3.38% | 2.73% | 1.92% | 3.10% | 2.69% |
Frequently Asked Questions
MWTRX and AAIIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAIIX has higher volatility (1.26%) compared to MWTRX (1.24%). In terms of maximum drawdown, MWTRX dropped -20.81% vs AAIIX's -98.01%.
AAIIX currently has the higher Sharpe Ratio (1.19 vs 1.03), 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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