PTIAX vs. MWIGX
Compare and contrast key facts about Performance Trust Strategic Bond Fund (PTIAX) and Metropolitan West Investment Grade Credit Fund (MWIGX).
PTIAX is managed by Performance Trust Asset Management. It was launched on Aug 31, 2010. MWIGX is managed by Metropolitan West Funds. It was launched on Jun 29, 2018.
Performance
PTIAX vs. MWIGX - Performance Comparison
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PTIAX vs. MWIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PTIAX Performance Trust Strategic Bond Fund | 0.03% | 6.92% | 3.52% | 7.48% | -12.84% | 1.15% | 5.73% | 7.36% | 1.27% |
MWIGX Metropolitan West Investment Grade Credit Fund | -0.48% | 7.99% | 3.82% | 6.55% | -13.01% | -1.13% | 8.41% | 11.21% | 4.27% |
Returns By Period
In the year-to-date period, PTIAX achieves a 0.03% return, which is significantly higher than MWIGX's -0.48% return.
PTIAX
- 1D
- 0.20%
- 1M
- -1.71%
- YTD
- 0.03%
- 6M
- 0.81%
- 1Y
- 4.11%
- 3Y*
- 4.94%
- 5Y*
- 1.16%
- 10Y*
- 2.97%
MWIGX
- 1D
- 0.38%
- 1M
- -1.36%
- YTD
- -0.48%
- 6M
- 0.45%
- 1Y
- 4.76%
- 3Y*
- 4.93%
- 5Y*
- 0.77%
- 10Y*
- —
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PTIAX vs. MWIGX - Expense Ratio Comparison
PTIAX has a 0.76% expense ratio, which is lower than MWIGX's 1.87% expense ratio.
Return for Risk
PTIAX vs. MWIGX — Risk / Return Rank
PTIAX
MWIGX
PTIAX vs. MWIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Performance Trust Strategic Bond Fund (PTIAX) 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.
| PTIAX | MWIGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.38 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.47 | 2.07 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.24 | -0.71 |
Martin ratioReturn relative to average drawdown | 4.39 | 8.14 | -3.75 |
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
| PTIAX | MWIGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.38 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.16 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 0.70 | +0.53 |
Correlation
The correlation between PTIAX and MWIGX is 0.80, 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.
Dividends
PTIAX vs. MWIGX - Dividend Comparison
PTIAX's dividend yield for the trailing twelve months is around 4.70%, more than MWIGX's 3.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTIAX Performance Trust Strategic Bond Fund | 4.70% | 4.68% | 4.44% | 4.03% | 3.96% | 3.01% | 3.86% | 4.11% | 4.47% | 5.51% | 5.49% | 4.87% |
MWIGX Metropolitan West Investment Grade Credit Fund | 3.39% | 3.70% | 4.52% | 4.97% | 6.33% | 4.25% | 9.21% | 12.03% | 3.98% | 0.00% | 0.00% | 0.00% |
Drawdowns
PTIAX vs. MWIGX - Drawdown Comparison
The maximum PTIAX drawdown since its inception was -16.90%, smaller than the maximum MWIGX drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for PTIAX and MWIGX.
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Drawdown Indicators
| PTIAX | MWIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.90% | -18.32% | +1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.35% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -16.90% | -18.32% | +1.42% |
Max Drawdown (10Y)Largest decline over 10 years | -16.90% | — | — |
Current DrawdownCurrent decline from peak | -2.19% | -1.73% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -4.54% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.65% | +0.43% |
Volatility
PTIAX vs. MWIGX - Volatility Comparison
Performance Trust Strategic Bond Fund (PTIAX) has a higher volatility of 1.58% compared to Metropolitan West Investment Grade Credit Fund (MWIGX) at 1.26%. This indicates that PTIAX's price experiences larger fluctuations and is considered to be riskier 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
| PTIAX | MWIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.26% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 2.04% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.51% | 3.48% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.93% | 4.91% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 4.78% | -0.77% |