PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MWUSX vs. TMPFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MWUSX vs. TMPFX

Last updated Jun 4, 2026

MWUSX (Metropolitan West Ultra Short Bond Fund) and TMPFX (Tactical Multi-Purpose Fund) are both Ultrashort Bond funds. Over the past 5 years, MWUSX returned 2.33%/yr vs 2.67%/yr for TMPFX. At a correlation of -0.03, they often move in opposite directions. MWUSX charges 0.50%/yr vs 1.14%/yr for TMPFX.

Performance

MWUSX vs. TMPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Metropolitan West Ultra Short Bond Fund (MWUSX) and Tactical Multi-Purpose Fund (TMPFX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, MWUSX achieves a 1.16% return, which is significantly lower than TMPFX's 1.52% return.

MWUSX

1D
0.00%
1M
0.31%
YTD
1.16%
6M
1.63%
1Y
4.43%
3Y*
4.45%
5Y*
2.33%
10Y*
1.93%

TMPFX

1D
0.00%
1M
0.30%
YTD
1.52%
6M
1.78%
1Y
3.82%
3Y*
3.99%
5Y*
2.67%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MWUSX vs. TMPFX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MWUSX
Metropolitan West Ultra Short Bond Fund		1.16%5.15%4.44%4.09%-2.78%-0.30%1.18%2.95%2.36%
TMPFX
Tactical Multi-Purpose Fund		1.52%3.71%4.26%3.90%0.51%-0.91%-0.60%0.30%-0.30%

Correlation

The correlation between MWUSX and TMPFX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.02

Correlation (3Y)
Calculated over the trailing 3-year period

-0.03

Correlation (5Y)
Calculated over the trailing 5-year period

-0.03

Correlation (All Time)
Calculated using the full available price history since Jan 8, 2018

-0.03

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Metropolitan West Ultra Short Bond Fund

Tactical Multi-Purpose Fund

Often compared with MWUSX:
MWUSX vs. MWIGXMWUSX vs. MWLDXMWUSX vs. MWHYXMWUSX vs. MWESXMWUSX vs. CUTAXMWUSX vs. MWSTXMWUSX vs. MWTIX
Often compared with TMPFX:
TMPFX vs. VUSBTMPFX vs. VBIRXTMPFX vs. FHCOXTMPFX vs. TSDOXTMPFX vs. BUSIXTMPFX vs. BBBIXTMPFX vs. MOOD

Return for Risk

MWUSX vs. TMPFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MWUSX
MWUSX Risk / Return Rank: 8686
Overall Rank
MWUSX Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
MWUSX Sortino Ratio Rank: 8585
Sortino Ratio Rank
MWUSX Omega Ratio Rank: 9797
Omega Ratio Rank
MWUSX Calmar Ratio Rank: 9696
Calmar Ratio Rank
MWUSX Martin Ratio Rank: 9797
Martin Ratio Rank
TMPFX
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MWUSX vs. TMPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Ultra Short Bond Fund (MWUSX) and Tactical Multi-Purpose Fund (TMPFX). 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.

MWUSXTMPFXDifference
Sharpe ratioReturn per unit of total volatility
2.21
6.81

-4.60

Sortino ratioReturn per unit of downside risk
4.08

—

—

Omega ratioGain probability vs. loss probability

1.91

—

—

Calmar ratioReturn relative to maximum drawdown

6.21

—

—

Martin ratioReturn relative to average drawdown

29.29

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MWUSX vs. TMPFX - Sharpe Ratio Comparison

The current MWUSX Sharpe Ratio is 2.21, which is lower than the TMPFX Sharpe Ratio of 6.81. The chart below compares the historical Sharpe Ratios of MWUSX and TMPFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

MWUSXTMPFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.21

6.81

-4.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.95

1.15

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.02

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.81

+0.01

Drawdowns

MWUSX vs. TMPFX - Drawdown Comparison

The maximum MWUSX drawdown since its inception was -25.25%, which is greater than TMPFX's maximum drawdown of -3.52%. Use the drawdown chart below to compare losses from any high point for MWUSX and TMPFX.

Loading charts...

Drawdown Indicators

MWUSXTMPFXDifference

Max Drawdown

Largest peak-to-trough decline

-25.25%

-3.52%

-21.73%

Max Drawdown (1Y)

Largest decline over 1 year

-0.72%

0.00%

-0.72%

Max Drawdown (3Y)

Largest decline over 3 years

-1.10%

-3.52%

+2.42%

Max Drawdown (5Y)

Largest decline over 5 years

-5.06%

-3.52%

-1.54%

Max Drawdown (10Y)

Largest decline over 10 years

-5.06%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-1.76%

-0.65%

-1.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.15%

0.00%

+0.15%

Volatility

MWUSX vs. TMPFX - Volatility Comparison

Metropolitan West Ultra Short Bond Fund (MWUSX) has a higher volatility of 0.47% compared to Tactical Multi-Purpose Fund (TMPFX) at 0.16%. This indicates that MWUSX's price experiences larger fluctuations and is considered to be riskier than TMPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

MWUSXTMPFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.47%

0.16%

+0.31%

Volatility (6M)

Calculated over the trailing 6-month period

1.43%

0.39%

+1.04%

Volatility (1Y)

Calculated over the trailing 1-year period

2.01%

0.56%

+1.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.47%

2.33%

+0.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.91%

1.81%

+0.10%

MWUSX vs. TMPFX - Expense Ratio Comparison

MWUSX has a 0.50% expense ratio, which is lower than TMPFX's 1.14% expense ratio.

Dividends

MWUSX vs. TMPFX - Dividend Comparison

MWUSX's dividend yield for the trailing twelve months is around 3.85%, more than TMPFX's 3.75% yield.

PositionTTM20252024202320222021202020192018201720162015
MWUSX
Metropolitan West Ultra Short Bond Fund		3.85%3.80%3.59%3.25%1.28%0.41%0.93%2.67%2.56%1.06%1.18%0.65%
TMPFX
Tactical Multi-Purpose Fund		3.75%3.81%4.15%3.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MWUSX and TMPFX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MWUSX has higher volatility (0.47%) compared to TMPFX (0.16%). In terms of maximum drawdown, MWUSX dropped -25.25% vs TMPFX's -3.52%.

TMPFX currently has the higher Sharpe Ratio (6.81 vs 2.21), 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.

Portfolio Optimizer

Find the right allocation for MWUSX and TMPFX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer