AIMNX vs. TGLMX
AIMNX (Horizon Active Income Fund) and TGLMX (TCW Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, AIMNX returned 0.62%/yr vs 1.45%/yr for TGLMX. A 0.79 correlation means they provide meaningful diversification when combined. AIMNX charges 0.89%/yr vs 0.49%/yr for TGLMX.
Performance
AIMNX vs. TGLMX - Performance Comparison
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Returns By Period
In the year-to-date period, AIMNX achieves a 0.28% return, which is significantly lower than TGLMX's 1.12% return. Over the past 10 years, AIMNX has underperformed TGLMX with an annualized return of 0.62%, while TGLMX has yielded a comparatively higher 1.45% annualized return.
AIMNX
- 1D
- -0.37%
- 1M
- 0.54%
- YTD
- 0.28%
- 6M
- 0.28%
- 1Y
- 3.99%
- 3Y*
- 3.50%
- 5Y*
- -0.83%
- 10Y*
- 0.62%
TGLMX
- 1D
- -0.26%
- 1M
- 0.52%
- YTD
- 1.12%
- 6M
- 1.15%
- 1Y
- 5.91%
- 3Y*
- 4.63%
- 5Y*
- -0.21%
- 10Y*
- 1.45%
AIMNX vs. TGLMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIMNX Horizon Active Income Fund | 0.28% | 5.04% | 1.77% | 5.03% | -14.95% | -0.78% | 7.65% | 8.67% | -4.77% | 4.10% |
TGLMX TCW Total Return Bond Fund | 1.12% | 8.99% | 1.82% | 5.05% | -16.59% | -1.05% | 8.32% | 7.28% | 0.80% | 3.44% |
Correlation
The correlation between AIMNX and TGLMX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.79 |
The correlation between AIMNX and TGLMX shifts across timeframes, from 0.79 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AIMNX vs. TGLMX — Risk / Return Rank
AIMNX
TGLMX
AIMNX vs. TGLMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Income Fund (AIMNX) and TCW Total Return Bond Fund (TGLMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AIMNX | TGLMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.42 | -1.02 |
| Martin ratioReturn relative to average drawdown | 4.43 | 6.93 | -2.50 |
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Drawdowns
AIMNX vs. TGLMX - Drawdown Comparison
The maximum AIMNX drawdown since its inception was -19.68%, smaller than the maximum TGLMX drawdown of -22.26%. Use the drawdown chart below to compare losses from any high point for AIMNX and TGLMX.
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Drawdown Indicators
| AIMNX | TGLMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.68% | -22.26% | +2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.63% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -8.56% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -19.63% | -22.17% | +2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -19.68% | -22.26% | +2.58% |
Current DrawdownCurrent decline from peak | -5.27% | -2.85% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -3.79% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.91% | +0.05% |
Volatility
AIMNX vs. TGLMX - Volatility Comparison
Horizon Active Income Fund (AIMNX) and TCW Total Return Bond Fund (TGLMX) have volatilities of 1.29% and 1.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIMNX | TGLMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.23% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 3.11% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 4.28% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 7.06% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 5.60% | -0.50% |
AIMNX vs. TGLMX - Expense Ratio Comparison
AIMNX has a 0.89% expense ratio, which is higher than TGLMX's 0.49% expense ratio.
Dividends
AIMNX vs. TGLMX - Dividend Comparison
AIMNX's dividend yield for the trailing twelve months is around 4.09%, less than TGLMX's 6.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIMNX Horizon Active Income Fund | 4.09% | 4.03% | 4.29% | 3.78% | 1.69% | 1.88% | 1.86% | 2.73% | 3.51% | 2.47% | 1.60% | 1.66% |
TGLMX TCW Total Return Bond Fund | 6.75% | 7.19% | 6.52% | 6.13% | 3.27% | 2.08% | 3.37% | 4.07% | 3.55% | 2.89% | 4.13% | 2.88% |
Frequently Asked Questions
With a correlation of 0.90, AIMNX and TGLMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AIMNX has higher volatility (1.29%) compared to TGLMX (1.23%). In terms of maximum drawdown, AIMNX dropped -19.68% vs TGLMX's -22.26%.
TGLMX currently has the higher Sharpe Ratio (1.49 vs 1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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