Metropolitan West Correlations

MWTIX Fund

USD 8.85 0.01 0.11%

The current 90-days correlation between Metropolitan West Total and Europacific Growth Fund is 0.5 (i.e., Very weak 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

Modest diversification

The correlation between Metropolitan West Total and DJI is 0.2 (i.e., Modest 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 gross domestic product.

Moving together with Metropolitan Mutual Fund

1.0	MWTNX	Metropolitan West Total	Pair Corr
0.97	MWTSX	Metropolitan West Total	Pair Corr
0.94	PTTPX	Pimco Total Return	Pair Corr
0.95	PTRRX	Total Return	Pair Corr
0.95	PTRAX	Total Return	Pair Corr
0.94	PTTRX	Total Return	Pair Corr
0.92	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.67	TCTGX	Transamerica Cleartrack	Pair Corr
0.67	TDKTX	Cleartrack 2015 Class	Pair Corr
0.68	TCTJX	Transamerica Cleartrack	Pair Corr
0.68	TCSUX	Cleartrack 2020 Class	Pair Corr
0.68	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.68	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.68	HD	Home Depot	Pair Corr

Moving against Metropolitan Mutual Fund

0.61	UIPIX	Ultrashort Mid Cap	Pair Corr
0.49	FTCAX	Templeton Strained Bond	Pair Corr
0.47	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	AEPFX	TGBAX	MEIIX	MEDIX	BAGIX
AEPFX		0.94	0.79	0.6	0.82	AEPFX
TGBAX	0.94		0.86	0.41	0.73	TGBAX
MEIIX	0.79	0.86		0.34	0.65	MEIIX
MEDIX	0.6	0.41	0.34		0.84	MEDIX
BAGIX	0.82	0.73	0.65	0.84		BAGIX
	AEPFX	TGBAX	MEIIX	MEDIX	BAGIX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
AEPFX	0.57	(0.12)	(0.36)	0.98	(1.14)	4.98
TGBAX	0.43	(0.11)	(3.08)	0.62	(1.03)	3.29
MEIIX	0.64	(0.15)	(0.21)	0.95	(0.96)	9.61
MEDIX	0.20	(0.02)	(0.44)	0.51	(0.42)	1.59
BAGIX	0.22	(0.03)	(0.59)	0.52	(0.41)	1.44

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