Metropolitan West Correlations

MWUSX Fund

USD 4.13 0.01 0.24%

The current 90-days correlation between Metropolitan West Ultra and Metropolitan West Alpha is -0.2 (i.e., Good 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

Good diversification

The correlation between Metropolitan West Ultra and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metropolitan West Ultra 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 Ultra. 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 state.

Moving together with Metropolitan Mutual Fund

0.87	MWCIX	Metropolitan West	Pair Corr
0.86	MWCRX	Metropolitan West	Pair Corr
0.95	MWCPX	Metropolitan West	Pair Corr
0.8	MWERX	Metwest Esg Securitized	Pair Corr
0.86	MWESX	Metwest Esg Securitized	Pair Corr
0.72	MWHIX	Metropolitan West High	Pair Corr
0.73	MWHYX	Metropolitan West High	Pair Corr
0.76	MWIIX	Metropolitan West	Pair Corr
0.77	MWIGX	Metropolitan West	Pair Corr
0.68	MWIMX	Metropolitan West	Pair Corr
0.77	MWISX	Metropolitan West	Pair Corr
0.73	MWLIX	Metropolitan West Low	Pair Corr
0.73	MWLNX	Metropolitan West Low	Pair Corr
0.74	MWLDX	Metropolitan West Low	Pair Corr
0.84	MWSIX	Metropolitan West	Pair Corr
0.82	MWUIX	Metropolitan West Ultra	Pair Corr
0.83	MWSTX	Metropolitan West	Pair Corr
0.72	MWTIX	Metropolitan West Total	Pair Corr
0.72	MWTNX	Metropolitan West Total	Pair Corr
0.72	MWTTX	Metropolitan West Total	Pair Corr
0.72	MWTSX	Metropolitan West Total	Pair Corr
0.72	MWTRX	Metropolitan West Total	Pair Corr

Moving against Metropolitan Mutual Fund

0.48	MWATX	Metropolitan West Alpha	Pair Corr
0.45	MWFRX	Metropolitan West	Pair Corr
0.48	XNKGX	Nuveen Georgia Quality	Pair Corr
0.32	PTSPX	Pimco Short Term	Pair Corr
0.32	PTSHX	Short Term Fund	Pair Corr
0.32	PSFAX	Short Term Fund	Pair Corr
0.31	PTSRX	Short Term Fund	Pair Corr

Related Correlations Analysis

	MWATX	MWCBX	MWCIX	MWCSX	MWCRX	MWCPX	MWFEX	MWERX	MWESX	MWHIX
MWATX		0.56	-0.68	-0.88	-0.69	-0.51	0.0	-0.84	-0.79	-0.15	MWATX
MWCBX	0.56		-0.21	-0.51	-0.23	-0.05	0.0	-0.47	-0.39	0.26	MWCBX
MWCIX	-0.68	-0.21		0.76	1.0	0.93	0.0	0.93	0.95	0.74	MWCIX
MWCSX	-0.88	-0.51	0.76		0.76	0.58	0.0	0.88	0.84	0.23	MWCSX
MWCRX	-0.69	-0.23	1.0	0.76		0.93	0.0	0.94	0.95	0.74	MWCRX
MWCPX	-0.51	-0.05	0.93	0.58	0.93		0.0	0.84	0.9	0.78	MWCPX
MWFEX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MWFEX
MWERX	-0.84	-0.47	0.93	0.88	0.94	0.84	0.0		0.99	0.49	MWERX
MWESX	-0.79	-0.39	0.95	0.84	0.95	0.9	0.0	0.99		0.55	MWESX
MWHIX	-0.15	0.26	0.74	0.23	0.74	0.78	0.0	0.49	0.55		MWHIX
	MWATX	MWCBX	MWCIX	MWCSX	MWCRX	MWCPX	MWFEX	MWERX	MWESX	MWHIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MWCRX	+ 1.0	MWCIX
MWESX	+ 0.99	MWERX
MWESX	+ 0.95	MWCIX
MWESX	+ 0.95	MWCRX
MWERX	+ 0.94	MWCRX
MWCPX	+ 0.93	MWCIX

High negative correlations

MWCSX	- 0.88	MWATX
MWERX	- 0.84	MWATX
MWESX	- 0.79	MWATX
MWCRX	- 0.69	MWATX
MWCIX	- 0.68	MWATX
MWCSX	- 0.51	MWCBX

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
MWATX	0.23	0.04	(0.05)	0.25	0.00	(0.57)	0.78	(0.44)	2.89
MWCBX	11.81	2.37	14.21	0.15	0.00	(23.74)	0.84	(0.55)	396.69
MWCIX	0.14	(0.02)	0.00	(1.14)	0.00	0.00	0.29	(0.29)	0.97
MWCSX	0.11	(0.04)	0.00	(5.27)	0.00	0.00	0.32	(0.43)	1.28
MWCRX	0.14	(0.02)	0.00	(1.10)	0.00	0.00	0.29	(0.29)	0.97
MWCPX	0.13	(0.01)	0.00	(2.24)	0.00	0.00	0.39	(0.29)	0.88
MWFEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MWERX	0.25	(0.05)	0.00	4.99	0.00	0.00	0.46	(0.70)	1.51
MWESX	0.27	(0.04)	0.00	1.93	0.00	0.00	0.81	(0.58)	1.64
MWHIX	0.09	(0.01)	(0.58)	(0.38)	0.08	(0.17)	0.21	(0.21)	0.64

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