MWTRX vs. WACPX
Compare and contrast key facts about Metropolitan West Total Return Bond Fund (MWTRX) and Western Asset Core Plus Bond Fund Class I (WACPX).
MWTRX is managed by Metropolitan West Funds. It was launched on Mar 31, 1997. WACPX is managed by Franklin Templeton. It was launched on Jul 8, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWTRX or WACPX.
Key characteristics
| MWTRX | WACPX | |
|---|---|---|
| YTD Return | 1.78% | 0.69% |
| 1Y Return | 9.43% | 10.08% |
| 3Y Return (Ann) | -3.15% | -4.74% |
| 5Y Return (Ann) | -1.26% | -1.58% |
| 10Y Return (Ann) | 0.49% | 1.23% |
| Sharpe Ratio | 1.25 | 1.23 |
| Sortino Ratio | 1.82 | 1.79 |
| Omega Ratio | 1.23 | 1.22 |
| Calmar Ratio | 0.41 | 0.38 |
| Martin Ratio | 4.25 | 4.03 |
| Ulcer Index | 2.01% | 2.20% |
| Daily Std Dev | 6.83% | 7.19% |
| Max Drawdown | -23.59% | -26.54% |
| Current Drawdown | -13.57% | -15.40% |
Correlation
The correlation between MWTRX and WACPX is 0.83, 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. WACPX - Performance Comparison
In the year-to-date period, MWTRX achieves a 1.78% return, which is significantly higher than WACPX's 0.69% return. Over the past 10 years, MWTRX has underperformed WACPX with an annualized return of 0.49%, while WACPX has yielded a comparatively higher 1.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MWTRX vs. WACPX - Expense Ratio Comparison
MWTRX has a 0.65% expense ratio, which is higher than WACPX's 0.45% expense ratio.
Risk-Adjusted Performance
MWTRX vs. WACPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Total Return Bond Fund (MWTRX) and Western Asset Core Plus Bond Fund Class I (WACPX). 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. WACPX - Dividend Comparison
MWTRX's dividend yield for the trailing twelve months is around 4.13%, less than WACPX's 4.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWTRX Metropolitan West Total Return Bond Fund | 4.13% | 3.87% | 2.67% | 1.08% | 1.57% | 2.54% | 2.51% | 1.92% | 1.84% | 1.59% | 2.03% | 2.91% |
WACPX Western Asset Core Plus Bond Fund Class I | 4.64% | 4.23% | 3.49% | 2.72% | 2.71% | 3.69% | 3.54% | 3.03% | 3.74% | 3.18% | 3.45% | 3.21% |
Drawdowns
MWTRX vs. WACPX - Drawdown Comparison
The maximum MWTRX drawdown since its inception was -23.59%, smaller than the maximum WACPX drawdown of -26.54%. Use the drawdown chart below to compare losses from any high point for MWTRX and WACPX. For additional features, visit the drawdowns tool.
Volatility
MWTRX vs. WACPX - Volatility Comparison
Metropolitan West Total Return Bond Fund (MWTRX) has a higher volatility of 1.87% compared to Western Asset Core Plus Bond Fund Class I (WACPX) at 1.67%. This indicates that MWTRX's price experiences larger fluctuations and is considered to be riskier than WACPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.