PTRIX vs. MWIGX
PTRIX (PIMCO Mortgage-Backed Securities Fund) and MWIGX (Metropolitan West Investment Grade Credit Fund) are both Intermediate Core-Plus Bond funds. Their 0.69 correlation means they have sometimes moved together and sometimes differently. PTRIX charges 0.50%/yr vs 1.87%/yr for MWIGX.
Performance
PTRIX vs. MWIGX - Performance Comparison
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Returns By Period
PTRIX
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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 |
PTRIX vs. MWIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PTRIX PIMCO Mortgage-Backed Securities Fund | 0.00% | 0.00% | 5.87% | 5.25% | -14.13% | 1.04% | 5.30% | 6.44% | 1.74% |
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 PTRIX and MWIGX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2018 | 0.69 |
The correlation between PTRIX and MWIGX shifts across timeframes, from 0.62 (3 years) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PTRIX vs. MWIGX — Risk / Return Rank
PTRIX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MWIGX
PTRIX vs. MWIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage-Backed Securities Fund (PTRIX) 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.
| PTRIX | MWIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.42 | — |
| Martin ratioReturn relative to average drawdown | — | 3.95 | — |
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Drawdowns
PTRIX vs. MWIGX - Drawdown Comparison
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Drawdown Indicators
| PTRIX | MWIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -18.32% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.35% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.23% | — |
Current DrawdownCurrent decline from peak | — | -1.57% | — |
Average DrawdownAverage peak-to-trough decline | — | -4.40% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.84% | — |
Volatility
PTRIX vs. MWIGX - Volatility Comparison
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Volatility by Period
| PTRIX | MWIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 3.18% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 4.95% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 4.73% | — |
PTRIX vs. MWIGX - Expense Ratio Comparison
PTRIX has a 0.50% expense ratio, which is lower than MWIGX's 1.87% expense ratio.
Dividends
PTRIX vs. MWIGX - Dividend Comparison
PTRIX has not paid dividends to shareholders, while MWIGX's dividend yield for the trailing twelve months is around 3.77%.
| 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% |
PTRIX PIMCO Mortgage-Backed Securities Fund | 0.00% | 0.00% | 4.07% | 5.32% | 3.82% | 3.02% | 2.89% | 3.73% | 3.54% | 3.04% | 3.18% | 2.43% |
Frequently Asked Questions
PTRIX and MWIGX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for PTRIX and MWIGX
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