FLXR vs. GRW

Last updated Jun 4, 2026

FLXR (TCW Flexible Income ETF) and GRW (TCW Durable Growth ETF) are both exchange-traded funds - FLXR is a Multisector Bonds fund actively managed by TCW, while GRW is a Large Cap Growth Equities fund actively managed by TCW. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. FLXR charges 0.40%/yr vs 0.75%/yr for GRW.

Performance

FLXR vs. GRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Flexible Income ETF (FLXR) and TCW Durable Growth ETF (GRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLXR

• 1D: -0.18%
• 1M: 0.36%
• YTD: 1.09%
• 6M: 1.43%
• 1Y: 5.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRW

• 1D: -0.32%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLXR vs. GRW - Yearly Performance Comparison

	2026 (YTD)
FLXR TCW Flexible Income ETF	-0.15%
GRW TCW Durable Growth ETF	1.29%

Correlation

The correlation between FLXR and GRW is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.40

FLXR vs. GRW - Sectors Allocation Comparison

Sectors	FLXR	GRW
Healthcare	62.4%	4.1%
Real Estate	37.6%	-
Basic Materials	-	4.0%
Communication Services	-	9.1%
Consumer Cyclical	-	8.3%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	9.8%
Industrials	-	38.1%
Technology	-	26.6%
Utilities	-	-

Return for Risk

FLXR vs. GRW — Risk / Return Rank

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

FLXR

FLXR Risk / Return Rank: 82
FLXR Sharpe Ratio Rank: 79
FLXR Sortino Ratio Rank: 86
FLXR Omega Ratio Rank: 83
FLXR Calmar Ratio Rank: 78
FLXR Martin Ratio Rank: 84

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.

FLXR vs. GRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Flexible Income ETF (FLXR) and TCW Durable Growth ETF (GRW). 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.

	FLXR	GRW	Difference
Sharpe ratio: Return per unit of total volatility	2.61	—	—
Sortino ratio: Return per unit of downside risk	3.94	—	—
Omega ratio: Gain probability vs. loss probability	1.51	—	—
Calmar ratio: Return relative to maximum drawdown	4.04	—	—
Martin ratio: Return relative to average drawdown	17.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FLXR	GRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	14.00	-11.35

Drawdowns

FLXR vs. GRW - Drawdown Comparison

The maximum FLXR drawdown since its inception was -1.94%, which is greater than GRW's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for FLXR and GRW.

Drawdown Indicators

	FLXR	GRW	Difference
Max Drawdown Largest peak-to-trough decline	-1.94%	-0.45%	-1.49%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	—	—
Current Drawdown Current decline from peak	-0.23%	-0.45%	+0.22%
Average Drawdown Average peak-to-trough decline	-0.36%	-0.14%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	—	—

Volatility

Volatility by Period

	FLXR	GRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.26%	10.19%	-7.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.79%	10.19%	-7.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.79%	10.19%	-7.40%

FLXR vs. GRW - Expense Ratio Comparison

FLXR has a 0.40% expense ratio, which is lower than GRW's 0.75% expense ratio.

Dividends

FLXR vs. GRW - Dividend Comparison

FLXR's dividend yield for the trailing twelve months is around 5.82%, while GRW has not paid dividends to shareholders.

Position	TTM	2025	2024
FLXR TCW Flexible Income ETF	5.82%	5.66%	3.44%
GRW TCW Durable Growth ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLXR and GRW in my portfolio?

FLXR and GRW have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLXR or GRW?

On fees, FLXR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLXR or GRW?

FLXR is cheaper with a 0.40% expense ratio, compared with 0.75% for GRW.

Which ETF pays a higher dividend yield, FLXR or GRW?

FLXR has the higher dividend yield at 5.82%, compared with 0.00% for GRW.

What is the main difference between FLXR and GRW?

FLXR is categorized as Multisector Bonds, while GRW is Large Cap Growth Equities. Their fees differ too: 0.40% for FLXR and 0.75% for GRW.