Metropolitan West Correlations

MWUIX Fund

USD 4.20 0.01 0.24%

The current 90-days correlation between Metropolitan West Ultra and Gmo Emerging Markets is -0.04 (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

Very weak diversification

The correlation between Metropolitan West Ultra and DJI is 0.54 (i.e., Very weak 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 gross domestic product.

Moving together with Metropolitan Mutual Fund

0.78	TGDIX	Tcw Relative Value	Pair Corr
0.74	TGDVX	Tcw Relative Value	Pair Corr
0.73	TGCEX	Tcw Select Equities	Pair Corr
0.61	TGCPX	Tcw Core Fixed	Pair Corr
0.89	TGEIX	Tcw Emerging Markets	Pair Corr
0.88	TGEPX	Tcw Funds	Pair Corr
0.65	TGGFX	Tcw Global Bond	Pair Corr
0.89	TGINX	Tcw Emerging Markets	Pair Corr
0.75	TGLSX	Tcw Total Return	Pair Corr
0.67	TGMNX	Tcw Total Return	Pair Corr
0.64	TGLMX	Tcw Total Return	Pair Corr
0.89	TGPCX	Tcw Servative Allocation	Pair Corr
0.65	TGPNX	Tcw Servative Allocation	Pair Corr
0.66	TGREX	Tcw Global Real	Pair Corr
0.67	TGRYX	Tcw Global Real	Pair Corr
0.71	TGWIX	Tcw Emerging Markets	Pair Corr
0.88	TGWNX	Tcw Emerging Markets	Pair Corr
0.9	TGVNX	Tcw Relative Value	Pair Corr
0.88	TGVOX	Tcw Relative Value	Pair Corr
0.83	MWCRX	Metropolitan West	Pair Corr
0.66	MWHIX	Metropolitan West High	Pair Corr
0.75	MWHYX	Metropolitan West High	Pair Corr
0.79	MWIGX	Metropolitan West	Pair Corr
0.88	MWISX	Metropolitan West	Pair Corr
0.83	MWLIX	Metropolitan West Low	Pair Corr
0.83	MWLDX	Metropolitan West Low	Pair Corr
0.94	MWSIX	Metropolitan West	Pair Corr
0.84	MWUSX	Metropolitan West Ultra	Pair Corr
0.83	MWSTX	Metropolitan West	Pair Corr
0.83	PTSPX	Pimco Short Term	Pair Corr
0.83	PTSHX	Short Term Fund	Pair Corr

Moving against Metropolitan Mutual Fund

0.38	TGCNX	Tcw Select Equities	Pair Corr
0.37	CISGX	Touchstone Sands Capital	Pair Corr

Related Correlations Analysis

	IGIEX	QTERX	SEDAX	REMVX	GMAQX
IGIEX		0.78	0.95	0.79	0.84	IGIEX
QTERX	0.78		0.86	0.97	0.98	QTERX
SEDAX	0.95	0.86		0.89	0.9	SEDAX
REMVX	0.79	0.97	0.89		0.98	REMVX
GMAQX	0.84	0.98	0.9	0.98		GMAQX
	IGIEX	QTERX	SEDAX	REMVX	GMAQX

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
IGIEX	0.19	0.03	(0.08)	0.22	0.00	(0.28)	0.56	(0.34)	1.56
QTERX	0.62	0.15	0.17	0.33	0.44	(0.79)	1.27	(1.09)	3.21
SEDAX	0.18	0.07	0.03	0.48	0.00	(0.25)	0.53	(0.33)	1.00
REMVX	0.56	0.21	0.25	1.39	0.14	(0.75)	1.24	(0.82)	2.94
GMAQX	0.58	0.26	0.28	0.60	0.16	(0.72)	1.25	(0.93)	5.20

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