- ISIN
- US29287L7001
- CUSIP
- 29287L700
- Issuer
- TCW
- Inception Date
- Nov 30, 2018
- Category
- Multisector Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $2B
Share Price Chart
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Performance
FLXR Performance Chart
TCW Flexible Income ETF (FLXR) is up 1.3% since the beginning of the year. FLXR is currently trading at $39 per share.
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Returns By Period
TCW Flexible Income ETF (FLXR) has returned 1.28% so far this year and 5.35% over the past 12 months.
TCW Flexible Income ETF
- 1D
- 0.13%
- 1M
- 0.37%
- YTD
- 1.28%
- 6M
- 1.48%
- 1Y
- 5.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
FLXR Monthly Returns History
Based on dividend-adjusted daily data since Jun 24, 2024, FLXR's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 80% of months were positive and 20% were negative. The best month was Jul 2024 with a return of +2.7%, while the worst month was Oct 2024 at -1.8%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 1 months.
On a daily basis, FLXR closed higher 56% of trading days. The best single day was Aug 2, 2024 with a return of +0.6%, while the worst single day was Apr 7, 2025 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | 0.71% | -0.91% | 0.74% | 0.41% | -0.05% | 1.28% | ||||||
| 2025 | 0.88% | 1.21% | 0.28% | 0.64% | 0.44% | 1.02% | 0.46% | 1.12% | 0.58% | 0.56% | 0.48% | 0.41% | 8.37% |
| 2024 | -0.38% | 2.65% | 1.89% | 1.30% | -1.79% | 1.08% | -0.34% | 4.42% |
Benchmark Metrics
TCW Flexible Income ETF has an annualized alpha of 6.52%, beta of 0.04, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since June 24, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (23.55%) than losses (1.41%) - typical of diversified or defensive assets.
- Beta of 0.04 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.52%
- Beta
- 0.04
- R²
- 0.04
- Upside Capture
- 23.55%
- Downside Capture
- 1.41%
Expense Ratio
FLXR has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FLXR ranks 79 for risk / return — better than 79% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TCW Flexible Income ETF (FLXR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLXR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.32 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 2.46 | +1.21 |
| Martin ratioReturn relative to average drawdown | 15.58 | 10.92 | +4.67 |
Dividends
Dividend History
TCW Flexible Income ETF provided a 5.81% dividend yield over the last twelve months, with an annual payout of $2.27 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.27 | $2.24 | $1.33 |
Dividend yield | 5.81% | 5.66% | 3.44% |
Monthly Dividends
The table displays the monthly dividend distributions for TCW Flexible Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $1.00 | ||||||
| 2025 | $0.00 | $0.23 | $0.20 | $0.19 | $0.18 | $0.17 | $0.17 | $0.17 | $0.16 | $0.17 | $0.20 | $0.40 | $2.24 |
| 2024 | $0.14 | $0.25 | $0.24 | $0.20 | $0.20 | $0.31 | $1.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the TCW Flexible Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the TCW Flexible Income ETF was 1.94%, occurring on Nov 1, 2024. Recovery took 74 trading sessions.
The current TCW Flexible Income ETF drawdown is 0.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 pullback2024 | -1.94%Nov 2024 | 1mo | 3mo 22d | 4mo 22dOct 2024 - Feb 2025 |
2025 selloff2025 | -1.47%Apr 2025 | 7d | 18d | 25dApr 2025 - Apr 2025 |
2026 pullback2026 | -1.46%Mar 2026 | 25d | 21d | 1mo 16dMar 2026 - Apr 2026 |
2026 pullback2026 | -0.79%May 2026 | 8d | 9d | 17dMay 2026 - May 2026 |
2024 pullback2024 | -0.67%Jul 2024 | 7d | 4d | 11dJun 2024 - Jul 2024 |
Drawdown Indicators
| FLXR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.94% | -56.78% | +54.84% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -9.10% | +7.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.29% | -3.21% | +2.92% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -10.71% | +10.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 2.04% | -1.70% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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