MWUSX vs. CUTAX
Compare and contrast key facts about Metropolitan West Ultra Short Bond Fund (MWUSX) and Six Circles Tax Aware Ultra Short Duration Fund (CUTAX).
MWUSX is managed by Metropolitan West Funds. It was launched on Jun 30, 2003. CUTAX is managed by Six Circles. It was launched on Jul 8, 2018.
Performance
MWUSX vs. CUTAX - Performance Comparison
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MWUSX vs. CUTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MWUSX Metropolitan West Ultra Short Bond Fund | 0.23% | 5.15% | 4.44% | 4.09% | -2.78% | -0.30% | 1.18% | 2.95% | 1.06% |
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 0.18% | 3.69% | 3.74% | 3.86% | -0.79% | 0.02% | 1.79% | 0.49% | -0.20% |
Returns By Period
In the year-to-date period, MWUSX achieves a 0.23% return, which is significantly higher than CUTAX's 0.18% return.
MWUSX
- 1D
- 0.24%
- 1M
- -0.48%
- YTD
- 0.23%
- 6M
- 1.34%
- 1Y
- 3.84%
- 3Y*
- 4.09%
- 5Y*
- 2.21%
- 10Y*
- 1.87%
CUTAX
- 1D
- -0.20%
- 1M
- -0.40%
- YTD
- 0.18%
- 6M
- 0.93%
- 1Y
- 2.94%
- 3Y*
- 3.50%
- 5Y*
- 2.10%
- 10Y*
- —
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MWUSX vs. CUTAX - Expense Ratio Comparison
MWUSX has a 0.50% expense ratio, which is higher than CUTAX's 0.15% expense ratio.
Return for Risk
MWUSX vs. CUTAX — Risk / Return Rank
MWUSX
CUTAX
MWUSX vs. CUTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Ultra Short Bond Fund (MWUSX) and Six Circles Tax Aware Ultra Short Duration Fund (CUTAX). 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.
| MWUSX | CUTAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 3.33 | -1.33 |
Sortino ratioReturn per unit of downside risk | 3.53 | 5.65 | -2.12 |
Omega ratioGain probability vs. loss probability | 1.72 | 2.40 | -0.68 |
Calmar ratioReturn relative to maximum drawdown | 5.87 | 7.51 | -1.65 |
Martin ratioReturn relative to average drawdown | 22.19 | 39.18 | -16.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MWUSX | CUTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 3.33 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 2.06 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.77 | -0.96 |
Correlation
The correlation between MWUSX and CUTAX is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MWUSX vs. CUTAX - Dividend Comparison
MWUSX's dividend yield for the trailing twelve months is around 3.28%, more than CUTAX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWUSX Metropolitan West Ultra Short Bond Fund | 3.28% | 3.80% | 3.59% | 3.25% | 1.28% | 0.41% | 0.93% | 2.67% | 2.56% | 1.06% | 1.18% | 0.65% |
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 2.91% | 3.22% | 3.47% | 2.86% | 1.14% | 0.52% | 1.38% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MWUSX vs. CUTAX - Drawdown Comparison
The maximum MWUSX drawdown since its inception was -25.25%, which is greater than CUTAX's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for MWUSX and CUTAX.
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Drawdown Indicators
| MWUSX | CUTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.25% | -1.79% | -23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -0.40% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -5.06% | -1.79% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -5.06% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -0.40% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -1.77% | -0.22% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 0.08% | +0.11% |
Volatility
MWUSX vs. CUTAX - Volatility Comparison
Metropolitan West Ultra Short Bond Fund (MWUSX) has a higher volatility of 0.77% compared to Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) at 0.38%. This indicates that MWUSX's price experiences larger fluctuations and is considered to be riskier than CUTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWUSX | CUTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.38% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 0.63% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 0.89% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.44% | 1.03% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.89% | 0.93% | +0.96% |