Metropolitan West Correlations

MWUIX Fund

USD 4.13 0.00 0.00%

The current 90-days correlation between Metropolitan West Ultra and Metropolitan West Alpha is 0.17 (i.e., Average 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

Average diversification

The correlation between Metropolitan West Ultra and DJI is 0.11 (i.e., Average 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

0.91	MWCIX	Metropolitan West	Pair Corr
0.72	MWCSX	Metropolitan West Porate	Pair Corr
0.9	MWCRX	Metropolitan West	Pair Corr
0.9	MWCPX	Metropolitan West	Pair Corr
0.61	MWERX	Metwest Esg Securitized	Pair Corr
0.63	MWESX	Metwest Esg Securitized	Pair Corr
0.66	MWHIX	Metropolitan West High	Pair Corr
0.84	MWHYX	Metropolitan West High	Pair Corr
0.67	MWIGX	Metropolitan West	Pair Corr
0.64	MWISX	Metropolitan West	Pair Corr
0.8	MWLIX	Metropolitan West Low	Pair Corr
0.78	MWLNX	Metropolitan West Low	Pair Corr
0.8	MWLDX	Metropolitan West Low	Pair Corr
0.92	MWSIX	Metropolitan West	Pair Corr
0.95	MWUSX	Metropolitan West Ultra	Pair Corr
0.9	MWSTX	Metropolitan West	Pair Corr

Moving against Metropolitan Mutual Fund

0.46	MWFRX	Metropolitan West	Pair Corr
0.45	MWFLX	Metropolitan West	Pair Corr

Related Correlations Analysis

	MWATX	MWCBX	MWCIX	MWCSX	MWCRX	MWCPX	MWFEX	MWFLX	MWFRX	MWERX
MWATX		0.45	-0.29	-0.53	-0.32	-0.29	0.0	0.11	0.62	-0.69	MWATX
MWCBX	0.45		-0.28	-0.38	-0.3	-0.29	0.0	0.67	0.34	-0.58	MWCBX
MWCIX	-0.29	-0.28		0.85	1.0	1.0	0.0	-0.52	-0.6	0.84	MWCIX
MWCSX	-0.53	-0.38	0.85		0.85	0.84	0.0	-0.42	-0.75	0.91	MWCSX
MWCRX	-0.32	-0.3	1.0	0.85		0.99	0.0	-0.52	-0.6	0.86	MWCRX
MWCPX	-0.29	-0.29	1.0	0.84	0.99		0.0	-0.54	-0.6	0.84	MWCPX
MWFEX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MWFEX
MWFLX	0.11	0.67	-0.52	-0.42	-0.52	-0.54	0.0		0.36	-0.48	MWFLX
MWFRX	0.62	0.34	-0.6	-0.75	-0.6	-0.6	0.0	0.36		-0.74	MWFRX
MWERX	-0.69	-0.58	0.84	0.91	0.86	0.84	0.0	-0.48	-0.74		MWERX
	MWATX	MWCBX	MWCIX	MWCSX	MWCRX	MWCPX	MWFEX	MWFLX	MWFRX	MWERX

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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
MWCPX	+ 1.0	MWCIX
MWCPX	+ 0.99	MWCRX
MWERX	+ 0.91	MWCSX
MWERX	+ 0.86	MWCRX
MWCSX	+ 0.85	MWCIX

High negative correlations

MWFRX	- 0.75	MWCSX
MWERX	- 0.74	MWFRX
MWERX	- 0.69	MWATX
MWFRX	- 0.6	MWCPX
MWFRX	- 0.6	MWCRX
MWFRX	- 0.6	MWCIX

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	0.38	0.09	(0.06)	(0.53)	0.37	(0.64)	1.08	(0.95)	3.01
MWCBX	11.81	6.17	15.27	(4.71)	0.00	(16.91)	0.84	(0.55)	396.69
MWCIX	0.14	0.00	(0.58)	(0.31)	0.13	(0.19)	0.29	(0.29)	0.97
MWCSX	0.15	(0.01)	(0.34)	(3.23)	0.20	(0.30)	0.43	(0.43)	1.40
MWCRX	0.14	(0.01)	(0.61)	(0.26)	0.14	(0.18)	0.29	(0.29)	0.97
MWCPX	0.13	0.00	(0.59)	(0.04)	0.12	(0.19)	0.29	(0.29)	0.97
MWFEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MWFLX	13.12	6.09	0.00	1.14	0.00	0.00	0.68	(0.11)	400.42
MWFRX	0.05	0.01	0.00	(0.54)	0.00	0.00	0.11	0.00	0.75
MWERX	0.23	(0.03)	0.00	(0.71)	0.00	0.00	0.46	(0.70)	1.51

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