MWUSX vs. MWIGX
MWUSX (Metropolitan West Ultra Short Bond Fund) and MWIGX (Metropolitan West Investment Grade Credit Fund) are both mutual funds - MWUSX is a Ultrashort Bond fund managed by Metropolitan West Funds, while MWIGX is a Intermediate Core-Plus Bond fund managed by Metropolitan West Funds. Over the past 5 years, MWUSX returned 2.32%/yr vs 0.42%/yr for MWIGX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. MWUSX charges 0.50%/yr vs 1.87%/yr for MWIGX.
Performance
MWUSX vs. MWIGX - Performance Comparison
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Returns By Period
In the year-to-date period, MWUSX achieves a 1.24% return, which is significantly higher than MWIGX's -0.32% return.
MWUSX
- 1D
- 0.24%
- 1M
- 0.00%
- 6M
- 0.75%
- YTD
- 1.24%
- 1Y
- 3.32%
- 3Y*
- 4.32%
- 5Y*
- 2.32%
- 10Y*
- 1.93%
- ALL TIME*
- 1.83%
MWIGX
- 1D
- 0.13%
- 1M
- -0.88%
- 6M
- -0.64%
- YTD
- -0.32%
- 1Y
- 2.21%
- 3Y*
- 5.10%
- 5Y*
- 0.42%
- 10Y*
- —
- ALL TIME*
- 3.20%
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 |
MWUSX vs. MWIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MWUSX Metropolitan West Ultra Short Bond Fund | 1.24% | 5.15% | 4.44% | 4.09% | -2.78% | -0.30% | 1.18% | 2.95% | 1.06% |
MWIGX Metropolitan West Investment Grade Credit Fund | -0.32% | 7.99% | 3.82% | 6.55% | -13.01% | -1.13% | 8.41% | 11.21% | 4.27% |
Correlation
The correlation between MWUSX and MWIGX is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2018 | 0.61 |
The correlation between MWUSX and MWIGX shifts across timeframes, from 0.56 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MWUSX vs. MWIGX — Risk / Return Rank
MWUSX
MWIGX
MWUSX vs. MWIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Ultra Short Bond Fund (MWUSX) and Metropolitan West Investment Grade Credit Fund (MWIGX). 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.
| MWUSX | MWIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.19 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 5.83 | 1.42 | +4.41 |
| Martin ratioReturn relative to average drawdown | 25.11 | 3.95 | +21.16 |
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Drawdowns
MWUSX vs. MWIGX - Drawdown Comparison
The maximum MWUSX drawdown since its inception was -25.25%, which is greater than MWIGX's maximum drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for MWUSX and MWIGX.
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Drawdown Indicators
| MWUSX | MWIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.25% | -18.32% | -6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -2.35% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -1.10% | -3.48% | +2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -5.06% | -18.23% | +13.17% |
Max Drawdown (10Y)Largest decline over 10 years | -5.06% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.57% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -4.40% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.84% | -0.67% |
Volatility
MWUSX vs. MWIGX - Volatility Comparison
The current volatility for Metropolitan West Ultra Short Bond Fund (MWUSX) is 0.49%, while Metropolitan West Investment Grade Credit Fund (MWIGX) has a volatility of 0.77%. This indicates that MWUSX experiences smaller price fluctuations and is considered to be less risky than MWIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWUSX | MWIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.77% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 2.57% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.09% | 3.18% | -1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.48% | 4.95% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.92% | 4.73% | -2.81% |
MWUSX vs. MWIGX - Expense Ratio Comparison
MWUSX has a 0.50% expense ratio, which is lower than MWIGX's 1.87% expense ratio.
Dividends
MWUSX vs. MWIGX - Dividend Comparison
MWUSX's dividend yield for the trailing twelve months is around 3.51%, less than MWIGX's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWIGX Metropolitan West Investment Grade Credit Fund | 3.77% | 3.70% | 4.52% | 4.97% | 6.33% | 4.25% | 9.21% | 12.03% | 3.98% | 0.00% | 0.00% | 0.00% |
MWUSX Metropolitan West Ultra Short Bond Fund | 3.51% | 3.80% | 3.59% | 3.25% | 1.28% | 0.41% | 0.93% | 2.67% | 2.56% | 1.06% | 1.18% | 0.65% |
Frequently Asked Questions
MWUSX and MWIGX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MWIGX has higher volatility (0.77%) compared to MWUSX (0.49%). In terms of maximum drawdown, MWUSX dropped -25.25% vs MWIGX's -18.32%.
MWUSX currently has the higher Sharpe Ratio (2.01 vs 1.05), 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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