THHYX vs. MWHYX
THHYX (Toews Tactical Income Fund) and MWHYX (Metropolitan West High Yield Bond Fund) are both High Yield Bonds funds. Over the past 10 years, THHYX returned 2.56%/yr vs 4.44%/yr for MWHYX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. THHYX charges 1.46%/yr vs 0.85%/yr for MWHYX.
Performance
THHYX vs. MWHYX - Performance Comparison
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Returns By Period
In the year-to-date period, THHYX achieves a -0.03% return, which is significantly lower than MWHYX's 1.17% return. Over the past 10 years, THHYX has underperformed MWHYX with an annualized return of 2.56%, while MWHYX has yielded a comparatively higher 4.44% annualized return.
THHYX
- 1D
- -0.04%
- 1M
- -0.65%
- 6M
- -0.50%
- YTD
- -0.03%
- 1Y
- 1.80%
- 3Y*
- 4.11%
- 5Y*
- 1.31%
- 10Y*
- 2.56%
- ALL TIME*
- 3.62%
MWHYX
- 1D
- 0.22%
- 1M
- -0.87%
- 6M
- 0.55%
- YTD
- 1.17%
- 1Y
- 3.15%
- 3Y*
- 6.26%
- 5Y*
- 2.19%
- 10Y*
- 4.44%
- ALL TIME*
- 6.77%
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 |
THHYX vs. MWHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THHYX Toews Tactical Income Fund | -0.03% | 3.44% | 5.48% | 4.51% | -5.33% | 0.28% | 5.21% | 7.37% | -0.80% | 2.57% |
MWHYX Metropolitan West High Yield Bond Fund | 1.17% | 6.09% | 6.24% | 10.77% | -12.58% | 2.85% | 11.47% | 12.30% | -0.91% | 6.23% |
Correlation
The correlation between THHYX and MWHYX is 0.54, 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. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.52 |
The correlation between THHYX and MWHYX has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
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Return for Risk
THHYX vs. MWHYX — Risk / Return Rank
THHYX
MWHYX
THHYX vs. MWHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toews Tactical Income Fund (THHYX) and Metropolitan West High Yield Bond Fund (MWHYX). 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.
| THHYX | MWHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.78 | -0.08 |
| Martin ratioReturn relative to average drawdown | 3.43 | 7.54 | -4.11 |
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Drawdowns
THHYX vs. MWHYX - Drawdown Comparison
The maximum THHYX drawdown since its inception was -8.83%, smaller than the maximum MWHYX drawdown of -28.94%. Use the drawdown chart below to compare losses from any high point for THHYX and MWHYX.
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Drawdown Indicators
| THHYX | MWHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.83% | -28.94% | +20.11% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -2.00% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -3.35% | -3.10% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -8.70% | -15.95% | +7.25% |
Max Drawdown (10Y)Largest decline over 10 years | -8.83% | -15.95% | +7.12% |
Current DrawdownCurrent decline from peak | -1.00% | -0.98% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -2.38% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.47% | +0.09% |
Volatility
THHYX vs. MWHYX - Volatility Comparison
The current volatility for Toews Tactical Income Fund (THHYX) is 0.51%, while Metropolitan West High Yield Bond Fund (MWHYX) has a volatility of 0.54%. This indicates that THHYX experiences smaller price fluctuations and is considered to be less risky than MWHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THHYX | MWHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.54% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.71% | 2.36% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 3.05% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.93% | 4.59% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 4.45% | -0.85% |
THHYX vs. MWHYX - Expense Ratio Comparison
THHYX has a 1.46% expense ratio, which is higher than MWHYX's 0.85% expense ratio.
Dividends
THHYX vs. MWHYX - Dividend Comparison
THHYX's dividend yield for the trailing twelve months is around 5.50%, less than MWHYX's 6.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWHYX Metropolitan West High Yield Bond Fund | 6.13% | 6.04% | 6.59% | 6.20% | 3.94% | 2.90% | 3.54% | 4.11% | 4.60% | 3.42% | 4.17% | 4.37% |
THHYX Toews Tactical Income Fund | 5.50% | 4.91% | 5.44% | 4.33% | 1.61% | 2.79% | 2.21% | 3.84% | 2.43% | 6.56% | 3.30% | 1.59% |
Frequently Asked Questions
THHYX and MWHYX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MWHYX has higher volatility (0.54%) compared to THHYX (0.51%). In terms of maximum drawdown, THHYX dropped -8.83% vs MWHYX's -28.94%.
MWHYX currently has the higher Sharpe Ratio (1.17 vs 0.76), 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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