DCFFX vs. TGLMX

Last updated Jun 3, 2026

DCFFX (Destinations Core Fixed Income Fund) and TGLMX (TCW Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, DCFFX returned -0.47%/yr vs -0.13%/yr for TGLMX. Their correlation of 0.91 suggests significant overlap in exposure. DCFFX charges 0.79%/yr vs 0.49%/yr for TGLMX.

Performance

DCFFX vs. TGLMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Destinations Core Fixed Income Fund (DCFFX) and TCW Total Return Bond Fund (TGLMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCFFX achieves a 0.39% return, which is significantly lower than TGLMX's 1.25% return.

DCFFX

• 1D: 0.00%
• 1M: 0.05%
• YTD: 0.39%
• 6M: 0.35%
• 1Y: 5.08%
• 3Y*: 3.69%
• 5Y*: -0.47%
• 10Y*: —

TGLMX

• 1D: -0.13%
• 1M: 0.13%
• YTD: 1.25%
• 6M: 1.28%
• 1Y: 7.15%
• 3Y*: 4.76%
• 5Y*: -0.13%
• 10Y*: 1.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DCFFX vs. TGLMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DCFFX Destinations Core Fixed Income Fund	0.39%	5.65%	2.28%	5.11%	-14.66%	-1.43%	4.71%	6.94%	0.03%	2.07%
TGLMX TCW Total Return Bond Fund	1.25%	8.99%	1.82%	5.05%	-16.59%	-1.05%	8.32%	7.28%	0.80%	3.10%

Correlation

The correlation between DCFFX and TGLMX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 21, 2017	0.91

The correlation between DCFFX and TGLMX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

DCFFX vs. TGLMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DCFFX

DCFFX Risk / Return Rank: 23
DCFFX Sharpe Ratio Rank: 19
DCFFX Sortino Ratio Rank: 20
DCFFX Omega Ratio Rank: 19
DCFFX Calmar Ratio Rank: 30
DCFFX Martin Ratio Rank: 26

TGLMX

TGLMX Risk / Return Rank: 36
TGLMX Sharpe Ratio Rank: 29
TGLMX Sortino Ratio Rank: 32
TGLMX Omega Ratio Rank: 31
TGLMX Calmar Ratio Rank: 50
TGLMX Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DCFFX vs. TGLMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Destinations Core Fixed Income Fund (DCFFX) 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.

	DCFFX	TGLMX	Difference
Sharpe ratio Return per unit of total volatility	1.27	1.57	-0.30
Sortino ratio Return per unit of downside risk	1.87	2.38	-0.51
Omega ratio Gain probability vs. loss probability	1.23	1.29	-0.07
Calmar ratio Return relative to maximum drawdown	2.09	2.72	-0.63
Martin ratio Return relative to average drawdown	6.43	8.30	-1.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DCFFX vs. TGLMX - Sharpe Ratio Comparison

The current DCFFX Sharpe Ratio is 1.27, which is comparable to the TGLMX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of DCFFX and TGLMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DCFFX	TGLMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	1.57	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	-0.02	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.40	-0.19

Drawdowns

DCFFX vs. TGLMX - Drawdown Comparison

The maximum DCFFX drawdown since its inception was -19.20%, smaller than the maximum TGLMX drawdown of -22.26%. Use the drawdown chart below to compare losses from any high point for DCFFX and TGLMX.

Drawdown Indicators

	DCFFX	TGLMX	Difference
Max Drawdown Largest peak-to-trough decline	-19.20%	-22.26%	+3.06%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	-2.63%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-6.57%	-8.56%	+1.99%
Max Drawdown (5Y) Largest decline over 5 years	-19.20%	-22.17%	+2.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.26%	—
Current Drawdown Current decline from peak	-4.08%	-2.72%	-1.36%
Average Drawdown Average peak-to-trough decline	-5.36%	-3.80%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	0.86%	+0.06%

Volatility

DCFFX vs. TGLMX - Volatility Comparison

The current volatility for Destinations Core Fixed Income Fund (DCFFX) is 1.31%, while TCW Total Return Bond Fund (TGLMX) has a volatility of 1.44%. This indicates that DCFFX experiences smaller price fluctuations and is considered to be less risky than TGLMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCFFX	TGLMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	1.44%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	2.65%	3.00%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	4.40%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.88%	7.05%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.76%	5.59%	-0.83%

DCFFX vs. TGLMX - Expense Ratio Comparison

DCFFX has a 0.79% expense ratio, which is higher than TGLMX's 0.49% expense ratio.

Dividends

DCFFX vs. TGLMX - Dividend Comparison

DCFFX's dividend yield for the trailing twelve months is around 3.92%, less than TGLMX's 6.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCFFX Destinations Core Fixed Income Fund	3.92%	2.99%	3.96%	2.78%	1.73%	3.78%	2.54%	2.87%	2.66%	1.76%	0.00%	0.00%
TGLMX TCW Total Return Bond Fund	6.74%	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

Can I hold both DCFFX and TGLMX in my portfolio?

With a correlation of 0.92, DCFFX 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.

Which is riskier, DCFFX or TGLMX?

TGLMX has higher volatility (1.44%) compared to DCFFX (1.31%). In terms of maximum drawdown, DCFFX dropped -19.20% vs TGLMX's -22.26%.

Which has better risk-adjusted returns?

TGLMX currently has the higher Sharpe Ratio (1.57 vs 1.27), 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.