MWTRX vs. BSBIX
MWTRX (Metropolitan West Total Return Bond Fund) and BSBIX (Baird Short-Term Bond Fund Institutional Class) are both mutual funds - MWTRX is a Intermediate Core-Plus Bond fund managed by Metropolitan West Funds, while BSBIX is a Short-Term Bond fund tracking the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index. Over the past 10 years, MWTRX returned 1.26%/yr vs 2.49%/yr for BSBIX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. MWTRX charges 0.65%/yr vs 0.30%/yr for BSBIX.
Performance
MWTRX vs. BSBIX - Performance Comparison
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Returns By Period
In the year-to-date period, MWTRX achieves a -0.23% return, which is significantly lower than BSBIX's 1.32% return. Over the past 10 years, MWTRX has underperformed BSBIX with an annualized return of 1.26%, while BSBIX has yielded a comparatively higher 2.49% annualized return.
MWTRX
- 1D
- 0.45%
- 1M
- -0.62%
- 6M
- -0.26%
- YTD
- -0.23%
- 1Y
- 2.08%
- 3Y*
- 3.94%
- 5Y*
- -1.03%
- 10Y*
- 1.26%
- ALL TIME*
- 4.53%
BSBIX
- 1D
- 0.11%
- 1M
- 0.15%
- 6M
- 1.01%
- YTD
- 1.32%
- 1Y
- 3.39%
- 3Y*
- 5.06%
- 5Y*
- 2.61%
- 10Y*
- 2.49%
- ALL TIME*
- 2.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MWTRX vs. BSBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWTRX Metropolitan West Total Return Bond Fund | -0.23% | 7.29% | 0.45% | 5.77% | -15.52% | -1.51% | 8.79% | 8.95% | 0.17% | 3.10% |
BSBIX Baird Short-Term Bond Fund Institutional Class | 1.32% | 5.67% | 4.99% | 5.65% | -3.64% | -0.42% | 4.23% | 4.68% | 1.49% | 1.53% |
Correlation
The correlation between MWTRX and BSBIX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2004 | 0.66 |
The correlation between MWTRX and BSBIX shifts across timeframes, from 0.63 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MWTRX vs. BSBIX — Risk / Return Rank
MWTRX
BSBIX
MWTRX vs. BSBIX - Risk-Adjusted Trends 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.
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 | BSBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.60 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 3.52 | -2.90 |
| Martin ratioReturn relative to average drawdown | 1.50 | 14.95 | -13.45 |
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Drawdowns
MWTRX vs. BSBIX - Drawdown Comparison
The maximum MWTRX drawdown since its inception was -20.81%, which is greater than BSBIX's maximum drawdown of -5.95%. Use the drawdown chart below to compare losses from any high point for MWTRX and BSBIX.
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Drawdown Indicators
| MWTRX | BSBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.81% | -5.95% | -14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -0.94% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -6.13% | -0.94% | -5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -5.91% | -14.76% |
Max Drawdown (10Y)Largest decline over 10 years | -20.81% | -5.95% | -14.86% |
Current DrawdownCurrent decline from peak | -5.37% | 0.00% | -5.37% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -0.55% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.22% | +1.17% |
Volatility
MWTRX vs. BSBIX - Volatility Comparison
Metropolitan West Total Return Bond Fund (MWTRX) has a higher volatility of 1.23% compared to Baird Short-Term Bond Fund Institutional Class (BSBIX) at 0.43%. 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.
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Volatility by Period
| MWTRX | BSBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.43% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 1.12% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 1.32% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 1.96% | +4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.32% | 1.68% | +3.64% |
MWTRX vs. BSBIX - Expense Ratio Comparison
MWTRX has a 0.65% expense ratio, which is higher than BSBIX's 0.30% expense ratio.
Dividends
MWTRX vs. BSBIX - Dividend Comparison
MWTRX's dividend yield for the trailing twelve months is around 3.78%, less than BSBIX's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 4.21% | 4.35% | 4.34% | 3.41% | 1.79% | 1.42% | 2.61% | 2.49% | 2.20% | 1.73% | 1.60% | 1.62% |
MWTRX Metropolitan West Total Return Bond Fund | 3.78% | 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 BSBIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MWTRX has higher volatility (1.23%) compared to BSBIX (0.43%). In terms of maximum drawdown, MWTRX dropped -20.81% vs BSBIX's -5.95%.
BSBIX currently has the higher Sharpe Ratio (2.50 vs 0.50), 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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