MWTRX vs. BSBIX
Compare and contrast key facts about Metropolitan West Total Return Bond Fund (MWTRX) and Baird Short-Term Bond Fund Institutional Class (BSBIX).
MWTRX is managed by Metropolitan West Funds. It was launched on Mar 31, 1997. BSBIX is a passively managed fund by Baird that tracks the performance of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index. It was launched on Aug 31, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWTRX or BSBIX.
Key characteristics
| MWTRX | BSBIX | |
|---|---|---|
| YTD Return | 0.88% | 4.46% |
| 1Y Return | 6.85% | 6.44% |
| 3Y Return (Ann) | -3.17% | 1.92% |
| 5Y Return (Ann) | -1.54% | 1.86% |
| 10Y Return (Ann) | 0.39% | 1.95% |
| Sharpe Ratio | 1.22 | 3.63 |
| Sortino Ratio | 1.78 | 5.99 |
| Omega Ratio | 1.22 | 1.92 |
| Calmar Ratio | 0.41 | 4.29 |
| Martin Ratio | 4.05 | 26.64 |
| Ulcer Index | 2.06% | 0.26% |
| Daily Std Dev | 6.83% | 1.90% |
| Max Drawdown | -23.59% | -6.49% |
| Current Drawdown | -14.33% | -0.57% |
Correlation
The correlation between MWTRX and BSBIX is 0.66, 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
MWTRX vs. BSBIX - Performance Comparison
In the year-to-date period, MWTRX achieves a 0.88% return, which is significantly lower than BSBIX's 4.46% return. Over the past 10 years, MWTRX has underperformed BSBIX with an annualized return of 0.39%, while BSBIX has yielded a comparatively higher 1.95% 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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MWTRX vs. BSBIX - Expense Ratio Comparison
MWTRX has a 0.65% expense ratio, which is higher than BSBIX's 0.30% expense ratio.
Risk-Adjusted Performance
MWTRX vs. BSBIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Total Return Bond Fund (MWTRX) and Baird Short-Term Bond Fund Institutional Class (BSBIX). 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
MWTRX vs. BSBIX - Dividend Comparison
MWTRX's dividend yield for the trailing twelve months is around 4.17%, which matches BSBIX's 4.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWTRX Metropolitan West Total Return Bond Fund | 4.17% | 3.87% | 2.67% | 1.08% | 1.57% | 2.54% | 2.51% | 1.92% | 1.84% | 1.59% | 2.03% | 2.91% |
BSBIX Baird Short-Term Bond Fund Institutional Class | 4.19% | 3.42% | 1.77% | 1.11% | 1.89% | 2.50% | 2.20% | 1.73% | 1.61% | 1.58% | 1.65% | 1.75% |
Drawdowns
MWTRX vs. BSBIX - Drawdown Comparison
The maximum MWTRX drawdown since its inception was -23.59%, which is greater than BSBIX's maximum drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for MWTRX and BSBIX. For additional features, visit the drawdowns tool.
Volatility
MWTRX vs. BSBIX - Volatility Comparison
Metropolitan West Total Return Bond Fund (MWTRX) has a higher volatility of 1.98% compared to Baird Short-Term Bond Fund Institutional Class (BSBIX) at 0.32%. This indicates that MWTRX's price experiences larger fluctuations and is considered to be riskier than BSBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.