MWUSX vs. MWLDX
MWUSX (Metropolitan West Ultra Short Bond Fund) and MWLDX (Metropolitan West Low Duration Bond Fund) are both mutual funds - MWUSX is a Ultrashort Bond fund managed by Metropolitan West Funds, while MWLDX is a Short-Term Bond fund managed by Metropolitan West Funds. Over the past 10 years, MWUSX returned 1.91%/yr vs 1.88%/yr for MWLDX. A 0.55 correlation means they provide meaningful diversification when combined. MWUSX charges 0.50%/yr vs 0.62%/yr for MWLDX.
Performance
MWUSX vs. MWLDX - Performance Comparison
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Returns By Period
In the year-to-date period, MWUSX achieves a 0.91% return, which is significantly higher than MWLDX's 0.30% return. Both investments have delivered pretty close results over the past 10 years, with MWUSX having a 1.91% annualized return and MWLDX not far behind at 1.88%.
MWUSX
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 0.91%
- 6M
- 1.38%
- 1Y
- 4.18%
- 3Y*
- 4.36%
- 5Y*
- 2.28%
- 10Y*
- 1.91%
MWLDX
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 0.30%
- 6M
- 0.69%
- 1Y
- 3.59%
- 3Y*
- 4.33%
- 5Y*
- 1.66%
- 10Y*
- 1.88%
MWUSX vs. MWLDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWUSX Metropolitan West Ultra Short Bond Fund | 0.91% | 5.15% | 4.44% | 4.09% | -2.78% | -0.30% | 1.18% | 2.95% | 2.36% | 0.83% |
MWLDX Metropolitan West Low Duration Bond Fund | 0.30% | 5.72% | 3.79% | 4.82% | -5.70% | -0.33% | 3.27% | 4.24% | 1.59% | 1.15% |
Correlation
The correlation between MWUSX and MWLDX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2003 | 0.55 |
The correlation between MWUSX and MWLDX shifts across timeframes, from 0.55 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MWUSX vs. MWLDX — Risk / Return Rank
MWUSX
MWLDX
MWUSX vs. MWLDX - 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 Low Duration Bond Fund (MWLDX). 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 | MWLDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.42 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 5.86 | 2.88 | +2.98 |
| Martin ratioReturn relative to average drawdown | 26.47 | 10.37 | +16.10 |
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Drawdowns
MWUSX vs. MWLDX - Drawdown Comparison
The maximum MWUSX drawdown since its inception was -25.25%, which is greater than MWLDX's maximum drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for MWUSX and MWLDX.
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Drawdown Indicators
| MWUSX | MWLDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.25% | -19.48% | -5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -1.29% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -1.10% | -1.75% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -5.06% | -8.36% | +3.30% |
Max Drawdown (10Y)Largest decline over 10 years | -5.06% | -8.36% | +3.30% |
Current DrawdownCurrent decline from peak | -0.24% | -0.54% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -1.25% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 0.36% | -0.20% |
Volatility
MWUSX vs. MWLDX - Volatility Comparison
Metropolitan West Ultra Short Bond Fund (MWUSX) and Metropolitan West Low Duration Bond Fund (MWLDX) have volatilities of 0.68% and 0.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWUSX | MWLDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.65% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 1.53% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 2.07% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.48% | 2.87% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.91% | 2.26% | -0.35% |
MWUSX vs. MWLDX - Expense Ratio Comparison
MWUSX has a 0.50% expense ratio, which is lower than MWLDX's 0.62% expense ratio.
Dividends
MWUSX vs. MWLDX - Dividend Comparison
MWUSX's dividend yield for the trailing twelve months is around 3.86%, more than MWLDX's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWLDX Metropolitan West Low Duration Bond Fund | 3.79% | 3.75% | 3.71% | 3.22% | 1.56% | 0.69% | 1.39% | 2.41% | 2.50% | 1.38% | 1.52% | 1.12% |
MWUSX Metropolitan West Ultra Short Bond Fund | 3.86% | 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 MWLDX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MWUSX has higher volatility (0.68%) compared to MWLDX (0.65%). In terms of maximum drawdown, MWUSX dropped -25.25% vs MWLDX's -19.48%.
MWUSX currently has the higher Sharpe Ratio (2.02 vs 1.80), 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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