VBTIX vs. MWTIX
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) and Metropolitan West Total Return Bond Fund Class I (MWTIX).
VBTIX is managed by Vanguard. It was launched on Sep 18, 1995. MWTIX is managed by Metropolitan West Funds.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBTIX or MWTIX.
Key characteristics
| VBTIX | MWTIX | |
|---|---|---|
| YTD Return | 1.37% | 1.18% |
| 1Y Return | 6.68% | 7.07% |
| 3Y Return (Ann) | -2.39% | -2.91% |
| 5Y Return (Ann) | -0.27% | -1.30% |
| 10Y Return (Ann) | 1.36% | 0.62% |
| Sharpe Ratio | 1.36 | 1.26 |
| Sortino Ratio | 2.02 | 1.87 |
| Omega Ratio | 1.24 | 1.23 |
| Calmar Ratio | 0.51 | 0.44 |
| Martin Ratio | 4.66 | 4.22 |
| Ulcer Index | 1.68% | 2.06% |
| Daily Std Dev | 5.79% | 6.87% |
| Max Drawdown | -19.01% | -23.26% |
| Current Drawdown | -9.20% | -13.55% |
Correlation
The correlation between VBTIX and MWTIX is 0.87, 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.
Performance
VBTIX vs. MWTIX - Performance Comparison
In the year-to-date period, VBTIX achieves a 1.37% return, which is significantly higher than MWTIX's 1.18% return. Over the past 10 years, VBTIX has outperformed MWTIX with an annualized return of 1.36%, while MWTIX has yielded a comparatively lower 0.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VBTIX vs. MWTIX - Expense Ratio Comparison
VBTIX has a 0.04% expense ratio, which is lower than MWTIX's 0.45% expense ratio.
Risk-Adjusted Performance
VBTIX vs. MWTIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) and Metropolitan West Total Return Bond Fund Class I (MWTIX). 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.
Dividends
VBTIX vs. MWTIX - Dividend Comparison
VBTIX's dividend yield for the trailing twelve months is around 3.61%, less than MWTIX's 4.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.61% | 3.12% | 2.54% | 1.91% | 2.25% | 2.74% | 2.78% | 2.53% | 2.49% | 2.51% | 2.57% | 2.56% |
MWTIX Metropolitan West Total Return Bond Fund Class I | 4.37% | 4.11% | 2.93% | 1.30% | 1.78% | 2.76% | 2.73% | 2.16% | 2.09% | 1.84% | 2.30% | 3.13% |
Drawdowns
VBTIX vs. MWTIX - Drawdown Comparison
The maximum VBTIX drawdown since its inception was -19.01%, smaller than the maximum MWTIX drawdown of -23.26%. Use the drawdown chart below to compare losses from any high point for VBTIX and MWTIX. For additional features, visit the drawdowns tool.
Volatility
VBTIX vs. MWTIX - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) is 1.66%, while Metropolitan West Total Return Bond Fund Class I (MWTIX) has a volatility of 1.82%. This indicates that VBTIX experiences smaller price fluctuations and is considered to be less risky than MWTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.