Metropolitan West Correlations

MWTRX Fund

USD 9.04 0.02 0.22%

The current 90-days correlation between Metropolitan West Total and Loomis Sayles Bond is 0.89 (i.e., Very poor diversification). The correlation of Metropolitan West is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Metropolitan West Correlation With Market

Significant diversification

The correlation between Metropolitan West Total and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metropolitan West Total and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metropolitan West Total. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with METROPOLITAN Mutual Fund

0.78	MWCIX	Metropolitan West	Pair Corr
0.78	MWCRX	Metropolitan West	Pair Corr
0.79	MWCPX	Metropolitan West	Pair Corr
0.83	MWERX	Metwest Esg Securitized	Pair Corr
0.76	MWESX	Metwest Esg Securitized	Pair Corr
0.89	MWHIX	Metropolitan West High	Pair Corr
0.88	MWHYX	Metropolitan West High	Pair Corr
0.79	MWIIX	Metropolitan West	Pair Corr
0.78	MWIGX	Metropolitan West	Pair Corr
0.74	MWIMX	Metropolitan West	Pair Corr
0.78	MWISX	Metropolitan West	Pair Corr
0.77	MWLIX	Metropolitan West Low	Pair Corr
0.76	MWLNX	Metropolitan West Low	Pair Corr
0.77	MWLDX	Metropolitan West Low	Pair Corr
0.8	MWSIX	Metropolitan West	Pair Corr
0.7	MWUIX	Metropolitan West Ultra	Pair Corr
0.79	MWUSX	Metropolitan West Ultra	Pair Corr
0.81	MWSTX	Metropolitan West	Pair Corr
0.82	MWTIX	Metropolitan West Total	Pair Corr
0.96	MWTNX	Metropolitan West Total	Pair Corr
0.82	MWTTX	Metropolitan West Total	Pair Corr
1.0	MWTSX	Metropolitan West Total	Pair Corr
0.82	PTTPX	Pimco Total Return	Pair Corr
0.82	PTRRX	Total Return	Pair Corr
1.0	PTRAX	Total Return	Pair Corr
1.0	PTTRX	Total Return	Pair Corr
1.0	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.96	GPBFX	Gmo E Plus	Pair Corr

Moving against METROPOLITAN Mutual Fund

0.91	PQTAX	Pimco Trends Managed	Pair Corr
0.87	GPMFX	Guidepath Managed Futures	Pair Corr
0.69	PQTNX	Pimco Trends Managed	Pair Corr
0.69	PQTIX	Aa Pimco Tr	Pair Corr

Related Correlations Analysis

	LSBRX	DLTNX	BCOSX	HIINX	MWHYX
LSBRX		0.98	0.76	0.94	0.89	LSBRX
DLTNX	0.98		0.82	0.93	0.85	DLTNX
BCOSX	0.76	0.82		0.72	0.62	BCOSX
HIINX	0.94	0.93	0.72		0.85	HIINX
MWHYX	0.89	0.85	0.62	0.85		MWHYX
	LSBRX	DLTNX	BCOSX	HIINX	MWHYX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between METROPOLITAN Mutual Fund performing well and Metropolitan West Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Metropolitan West's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LSBRX	0.17	0.01	0.05	0.26	0.09	(0.22)	0.34	(0.34)	1.12
DLTNX	0.23	0.02	0.06	0.85	0.16	(0.31)	0.57	(0.34)	1.40
BCOSX	0.22	0.03	0.11	0.66	0.09	(0.29)	0.56	(0.37)	1.34
HIINX	0.65	0.10	0.11	0.18	0.77	(0.69)	1.36	(1.01)	5.39
MWHYX	0.12	0.00	(0.02)	0.00	0.07	(0.18)	0.43	(0.22)	0.76

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