WACPX vs. MWTRX
Compare and contrast key facts about Western Asset Core Plus Bond Fund Class I (WACPX) and Metropolitan West Total Return Bond Fund (MWTRX).
WACPX is managed by Franklin Templeton. It was launched on Jul 8, 1998. MWTRX is managed by Metropolitan West Funds. It was launched on Mar 31, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WACPX or MWTRX.
Key characteristics
| WACPX | MWTRX | |
|---|---|---|
| YTD Return | 3.59% | 4.87% |
| 1Y Return | 11.02% | 11.20% |
| 3Y Return (Ann) | -3.96% | -2.24% |
| 5Y Return (Ann) | -0.35% | 0.41% |
| 10Y Return (Ann) | 2.12% | 1.71% |
| Sharpe Ratio | 1.35 | 1.52 |
| Daily Std Dev | 8.15% | 7.35% |
| Max Drawdown | -25.58% | -20.07% |
| Current Drawdown | -11.84% | -6.83% |
Correlation
The correlation between WACPX and MWTRX is 0.84, 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
WACPX vs. MWTRX - Performance Comparison
In the year-to-date period, WACPX achieves a 3.59% return, which is significantly lower than MWTRX's 4.87% return. Over the past 10 years, WACPX has outperformed MWTRX with an annualized return of 2.12%, while MWTRX has yielded a comparatively lower 1.71% 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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WACPX vs. MWTRX - Expense Ratio Comparison
WACPX has a 0.45% expense ratio, which is lower than MWTRX's 0.65% expense ratio.
Risk-Adjusted Performance
WACPX vs. MWTRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Core Plus Bond Fund Class I (WACPX) and Metropolitan West Total Return Bond Fund (MWTRX). 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
WACPX vs. MWTRX - Dividend Comparison
WACPX's dividend yield for the trailing twelve months is around 4.47%, more than MWTRX's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WACPX Western Asset Core Plus Bond Fund Class I | 4.47% | 4.23% | 3.48% | 3.35% | 4.12% | 5.01% | 4.04% | 3.31% | 4.77% | 3.18% | 3.45% | 3.21% |
MWTRX Metropolitan West Total Return Bond Fund | 3.92% | 3.88% | 2.71% | 1.10% | 6.37% | 3.39% | 2.50% | 1.92% | 3.13% | 2.70% | 2.28% | 3.52% |
Drawdowns
WACPX vs. MWTRX - Drawdown Comparison
The maximum WACPX drawdown since its inception was -25.58%, which is greater than MWTRX's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for WACPX and MWTRX. For additional features, visit the drawdowns tool.
Volatility
WACPX vs. MWTRX - Volatility Comparison
Western Asset Core Plus Bond Fund Class I (WACPX) and Metropolitan West Total Return Bond Fund (MWTRX) have volatilities of 1.23% and 1.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.