- ISIN
- US87234N7993
- CUSIP
- 87234N799
- Issuer
- TCW
- Inception Date
- Oct 31, 1997
- Category
- Mid Cap Value Equities
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
TGVOX Performance Chart
TCW Relative Value Mid Cap Fund (TGVOX) is up 19.7% since the beginning of the year. TGVOX is currently trading at $32 per share. Investors who bought $1,000 worth of TGVOX shares 5 years ago would now be looking at an investment worth $1,764.
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Returns By Period
TCW Relative Value Mid Cap Fund (TGVOX) has returned 19.66% so far this year and 37.51% over the past 12 months. Over the last ten years, TGVOX has returned 12.77% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
TCW Relative Value Mid Cap Fund
- 1D
- -0.12%
- 1M
- 4.03%
- YTD
- 19.66%
- 6M
- 20.17%
- 1Y
- 37.51%
- 3Y*
- 21.20%
- 5Y*
- 12.02%
- 10Y*
- 12.77%
Benchmark (S&P 500 Index)
- 1D
- -1.21%
- 1M
- 0.23%
- YTD
- 8.39%
- 6M
- 10.39%
- 1Y
- 24.03%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.61%
TGVOX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1998, TGVOX's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 60% of months were positive and 40% were negative. The best month was Mar 2000 with a return of +18.3%, while the worst month was Mar 2020 at -26.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TGVOX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +11.2%, while the worst single day was Mar 16, 2020 at -14.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.23% | 5.20% | -5.34% | 10.94% | 0.06% | 1.90% | 19.66% | ||||||
| 2025 | 6.11% | -3.69% | -5.32% | -3.21% | 6.11% | 4.55% | 1.84% | 3.91% | 0.61% | -0.16% | 3.42% | 1.17% | 15.53% |
| 2024 | -0.61% | 4.46% | 6.27% | -4.46% | 4.85% | -2.64% | 6.26% | 0.79% | 1.25% | -1.46% | 9.28% | -6.69% | 17.26% |
| 2023 | 7.89% | -2.11% | -3.57% | -0.42% | -3.72% | 10.24% | 4.18% | -3.18% | -4.31% | -4.05% | 7.96% | 7.76% | 15.99% |
| 2022 | -4.72% | 1.63% | 0.34% | -7.82% | 2.22% | -11.16% | 7.99% | -2.65% | -8.98% | 12.19% | 5.58% | -4.31% | -11.80% |
| 2021 | 3.41% | 10.32% | 4.73% | 4.52% | 4.08% | -2.83% | -0.55% | 1.86% | -4.63% | 5.13% | -3.03% | 6.09% | 31.99% |
Benchmark Metrics
TCW Relative Value Mid Cap Fund has an annualized alpha of 2.69%, beta of 1.03, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since January 02, 1998.
- This fund captured 119.17% of S&P 500 Index gains and 106.74% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.69% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.03 and R2 of 0.79, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.69%
- Beta
- 1.03
- R²
- 0.79
- Upside Capture
- 119.17%
- Downside Capture
- 106.74%
Expense Ratio
TGVOX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TGVOX ranks 83 for risk / return — in the top 83% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TCW Relative Value Mid Cap Fund (TGVOX) 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.
| TGVOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.35 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 2.65 | +1.40 |
| Martin ratioReturn relative to average drawdown | 15.60 | 11.88 | +3.72 |
Dividends
Dividend History
TCW Relative Value Mid Cap Fund provided a 18.13% dividend yield over the last twelve months, with an annual payout of $5.85 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.85 | $5.85 | $2.70 | $0.62 | $0.59 | $3.44 | $0.17 | $0.55 | $1.76 | $2.08 | $0.13 | $2.93 |
Dividend yield | 18.13% | 21.70% | 9.54% | 2.34% | 2.54% | 12.69% | 0.75% | 2.43% | 9.90% | 8.25% | 0.56% | 16.12% |
Monthly Dividends
The table displays the monthly dividend distributions for TCW Relative Value Mid Cap Fund. 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.85 | $5.85 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.70 | $2.70 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.62 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.59 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.44 | $3.44 |
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 Relative Value Mid Cap Fund. 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 Relative Value Mid Cap Fund was 58.14%, occurring on Mar 9, 2009. Recovery took 888 trading sessions.
The current TCW Relative Value Mid Cap Fund drawdown is 0.62%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.14%Mar 2009 | 1y 7mo | 3y 6mo | 5y 1moJul 2007 - Sep 2012 |
COVID crash2020 | -51.10%Mar 2020 | 2y 1mo | 9mo 19d | 2y 11moJan 2018 - Jan 2021 |
Dot-com crash2000–2002 | -45.56%Oct 2002 | 7mo 1d | 1y 1mo | 1y 8moMar 2002 - Nov 2003 |
1998 bear market1998 | -36.32%Oct 1998 | 5mo 18d | 7mo 1d | 1y 14dApr 1998 - May 1999 |
2016 bear market2016 | -30.68%Feb 2016 | 7mo 22d | 9mo 8d | 1y 4moJun 2015 - Nov 2016 |
Drawdown Indicators
| TGVOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.14% | -56.78% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -9.10% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -18.90% | -3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.81% | -25.43% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -51.10% | -33.92% | -17.18% |
Current DrawdownCurrent decline from peak | -0.62% | -2.49% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -10.28% | -10.72% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.03% | +0.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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