EIGIX vs. TGLMX
EIGIX (Eaton Vance Core Bond Fund) and TGLMX (TCW Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, EIGIX returned 2.15%/yr vs 1.45%/yr for TGLMX. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.49% expense ratio.
Performance
EIGIX vs. TGLMX - Performance Comparison
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Returns By Period
In the year-to-date period, EIGIX achieves a -0.10% return, which is significantly lower than TGLMX's 1.12% return. Over the past 10 years, EIGIX has outperformed TGLMX with an annualized return of 2.15%, while TGLMX has yielded a comparatively lower 1.45% annualized return.
EIGIX
- 1D
- -0.35%
- 1M
- 0.71%
- YTD
- -0.10%
- 6M
- 0.37%
- 1Y
- 4.05%
- 3Y*
- 4.58%
- 5Y*
- 0.36%
- 10Y*
- 2.15%
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%
EIGIX vs. TGLMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIGIX Eaton Vance Core Bond Fund | -0.10% | 7.76% | 2.90% | 5.03% | -13.13% | 0.72% | 8.18% | 9.84% | -0.50% | 4.47% |
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 EIGIX and TGLMX is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.86 |
The correlation between EIGIX and TGLMX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
EIGIX vs. TGLMX — Risk / Return Rank
EIGIX
TGLMX
EIGIX vs. TGLMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Core Bond Fund (EIGIX) 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.
| EIGIX | TGLMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.42 | -1.06 |
| Martin ratioReturn relative to average drawdown | 3.95 | 6.93 | -2.98 |
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Drawdowns
EIGIX vs. TGLMX - Drawdown Comparison
The maximum EIGIX drawdown since its inception was -17.71%, smaller than the maximum TGLMX drawdown of -22.26%. Use the drawdown chart below to compare losses from any high point for EIGIX and TGLMX.
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Drawdown Indicators
| EIGIX | TGLMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -22.26% | +4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -2.63% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -6.22% | -8.56% | +2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.71% | -22.17% | +4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -17.71% | -22.26% | +4.55% |
Current DrawdownCurrent decline from peak | -1.80% | -2.85% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -3.79% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.91% | +0.18% |
Volatility
EIGIX vs. TGLMX - Volatility Comparison
Eaton Vance Core Bond Fund (EIGIX) and TCW Total Return Bond Fund (TGLMX) have volatilities of 1.20% 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
| EIGIX | TGLMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.23% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 3.11% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 4.28% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.58% | 7.06% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 5.60% | -0.87% |
EIGIX vs. TGLMX - Expense Ratio Comparison
Both EIGIX and TGLMX have an expense ratio of 0.49%.
Dividends
EIGIX vs. TGLMX - Dividend Comparison
EIGIX's dividend yield for the trailing twelve months is around 4.25%, less than TGLMX's 6.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIGIX Eaton Vance Core Bond Fund | 4.25% | 4.16% | 4.29% | 2.85% | 3.10% | 3.53% | 5.38% | 4.00% | 3.25% | 2.83% | 2.76% | 2.96% |
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
EIGIX and TGLMX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGLMX has higher volatility (1.23%) compared to EIGIX (1.20%). In terms of maximum drawdown, EIGIX dropped -17.71% vs TGLMX's -22.26%.
TGLMX currently has the higher Sharpe Ratio (1.49 vs 1.07), 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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