Correlation
The correlation between MWTRX and FXNAX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
MWTRX vs. FXNAX
Compare and contrast key facts about Metropolitan West Total Return Bond Fund (MWTRX) and Fidelity U.S. Bond Index Fund (FXNAX).
MWTRX is managed by Metropolitan West Funds. It was launched on Mar 31, 1997. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWTRX or FXNAX.
Performance
MWTRX vs. FXNAX - Performance Comparison
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Key characteristics
MWTRX:
0.92
FXNAX:
1.08
MWTRX:
1.35
FXNAX:
1.44
MWTRX:
1.16
FXNAX:
1.17
MWTRX:
0.41
FXNAX:
0.45
MWTRX:
2.10
FXNAX:
2.34
MWTRX:
2.70%
FXNAX:
2.20%
MWTRX:
6.20%
FXNAX:
5.33%
MWTRX:
-20.08%
FXNAX:
-18.64%
MWTRX:
-8.71%
FXNAX:
-7.07%
Returns By Period
The year-to-date returns for both investments are quite close, with MWTRX having a 2.02% return and FXNAX slightly higher at 2.08%. Over the past 10 years, MWTRX has underperformed FXNAX with an annualized return of 1.32%, while FXNAX has yielded a comparatively higher 1.52% annualized return.
MWTRX
2.02%
-1.00%
-0.04%
4.96%
0.82%
-1.17%
1.32%
FXNAX
2.08%
-0.67%
0.71%
5.16%
1.37%
-1.02%
1.52%
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MWTRX vs. FXNAX - Expense Ratio Comparison
MWTRX has a 0.65% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
MWTRX vs. FXNAX — Risk-Adjusted Performance Rank
MWTRX
FXNAX
MWTRX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Total Return Bond Fund (MWTRX) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
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Dividends
MWTRX vs. FXNAX - Dividend Comparison
MWTRX's dividend yield for the trailing twelve months is around 3.87%, more than FXNAX's 3.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWTRX Metropolitan West Total Return Bond Fund | 3.87% | 4.45% | 3.88% | 2.68% | 1.10% | 6.48% | 3.39% | 2.51% | 1.90% | 3.10% | 2.69% | 2.29% |
FXNAX Fidelity U.S. Bond Index Fund | 3.19% | 3.40% | 2.92% | 2.41% | 2.06% | 3.08% | 2.69% | 2.74% | 2.58% | 2.54% | 2.75% | 2.59% |
Drawdowns
MWTRX vs. FXNAX - Drawdown Comparison
The maximum MWTRX drawdown since its inception was -20.08%, which is greater than FXNAX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for MWTRX and FXNAX.
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Volatility
MWTRX vs. FXNAX - Volatility Comparison
Metropolitan West Total Return Bond Fund (MWTRX) has a higher volatility of 1.63% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.47%. This indicates that MWTRX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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