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.
Key characteristics
| MWTRX | FXNAX | |
|---|---|---|
| YTD Return | 0.88% | 1.62% |
| 1Y Return | 6.85% | 6.49% |
| 3Y Return (Ann) | -3.17% | -2.33% |
| 5Y Return (Ann) | -1.54% | -0.47% |
| 10Y Return (Ann) | 0.39% | 1.28% |
| Sharpe Ratio | 1.22 | 1.11 |
| Sortino Ratio | 1.78 | 1.67 |
| Omega Ratio | 1.22 | 1.20 |
| Calmar Ratio | 0.41 | 0.41 |
| Martin Ratio | 4.05 | 3.68 |
| Ulcer Index | 2.06% | 1.73% |
| Daily Std Dev | 6.83% | 5.86% |
| Max Drawdown | -23.59% | -19.64% |
| Current Drawdown | -14.33% | -10.08% |
Correlation
The correlation between MWTRX and FXNAX is 0.92, 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
MWTRX vs. FXNAX - Performance Comparison
In the year-to-date period, MWTRX achieves a 0.88% return, which is significantly lower than FXNAX's 1.62% return. Over the past 10 years, MWTRX has underperformed FXNAX with an annualized return of 0.39%, while FXNAX has yielded a comparatively higher 1.28% 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. 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 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.
Dividends
MWTRX vs. FXNAX - Dividend Comparison
MWTRX's dividend yield for the trailing twelve months is around 4.17%, more than FXNAX's 3.32% 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% |
FXNAX Fidelity U.S. Bond Index Fund | 3.32% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
MWTRX vs. FXNAX - Drawdown Comparison
The maximum MWTRX drawdown since its inception was -23.59%, which is greater than FXNAX's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for MWTRX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
MWTRX vs. FXNAX - Volatility Comparison
Metropolitan West Total Return Bond Fund (MWTRX) has a higher volatility of 1.98% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.62%. 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.