GUGAX vs. TGLMX
Compare and contrast key facts about GMO Multi-Sector Fixed Income Fund (GUGAX) and TCW Total Return Bond Fund (TGLMX).
GUGAX is managed by GMO. It was launched on Apr 30, 1997. TGLMX is managed by TCW. It was launched on Jun 17, 1993.
Performance
GUGAX vs. TGLMX - Performance Comparison
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GUGAX vs. TGLMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GUGAX GMO Multi-Sector Fixed Income Fund | 0.96% | 7.29% | 0.96% | 6.02% | -14.52% | -3.17% | 4.91% | 9.66% | 2.13% | 4.44% |
TGLMX TCW Total Return Bond Fund | 0.57% | 8.99% | 1.82% | 5.05% | -16.59% | -1.05% | 8.32% | 7.28% | 0.80% | 3.44% |
Returns By Period
In the year-to-date period, GUGAX achieves a 0.96% return, which is significantly higher than TGLMX's 0.57% return. Both investments have delivered pretty close results over the past 10 years, with GUGAX having a 1.60% annualized return and TGLMX not far behind at 1.54%.
GUGAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.96%
- 6M
- 1.90%
- 1Y
- 5.20%
- 3Y*
- 4.05%
- 5Y*
- 0.13%
- 10Y*
- 1.60%
TGLMX
- 1D
- 0.52%
- 1M
- -1.89%
- YTD
- 0.57%
- 6M
- 1.95%
- 1Y
- 5.74%
- 3Y*
- 4.22%
- 5Y*
- -0.02%
- 10Y*
- 1.54%
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GUGAX vs. TGLMX - Expense Ratio Comparison
GUGAX has a 0.45% expense ratio, which is lower than TGLMX's 0.49% expense ratio.
Return for Risk
GUGAX vs. TGLMX — Risk / Return Rank
GUGAX
TGLMX
GUGAX vs. TGLMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Multi-Sector Fixed Income Fund (GUGAX) 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.
| GUGAX | TGLMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.18 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.98 | 1.71 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.04 | -0.24 |
Martin ratioReturn relative to average drawdown | 6.66 | 6.03 | +0.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GUGAX | TGLMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.18 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.00 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.28 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.40 | -0.32 |
Correlation
The correlation between GUGAX and TGLMX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GUGAX vs. TGLMX - Dividend Comparison
GUGAX's dividend yield for the trailing twelve months is around 4.52%, less than TGLMX's 6.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUGAX GMO Multi-Sector Fixed Income Fund | 4.52% | 3.69% | 4.34% | 0.00% | 1.94% | 2.90% | 7.96% | 5.74% | 5.08% | 2.43% | 3.29% | 1.76% |
TGLMX TCW Total Return Bond Fund | 6.39% | 7.19% | 6.52% | 6.13% | 3.27% | 2.08% | 3.37% | 4.07% | 3.55% | 2.89% | 4.13% | 2.88% |
Drawdowns
GUGAX vs. TGLMX - Drawdown Comparison
The maximum GUGAX drawdown since its inception was -38.57%, which is greater than TGLMX's maximum drawdown of -22.26%. Use the drawdown chart below to compare losses from any high point for GUGAX and TGLMX.
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Drawdown Indicators
| GUGAX | TGLMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.57% | -22.26% | -16.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -3.28% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -22.17% | +1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -23.06% | -22.26% | -0.80% |
Current DrawdownCurrent decline from peak | -6.72% | -3.38% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -3.80% | -7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.11% | -0.27% |
Volatility
GUGAX vs. TGLMX - Volatility Comparison
The current volatility for GMO Multi-Sector Fixed Income Fund (GUGAX) is 0.00%, while TCW Total Return Bond Fund (TGLMX) has a volatility of 1.85%. This indicates that GUGAX 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.
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Volatility by Period
| GUGAX | TGLMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.85% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 2.88% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 5.02% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 7.03% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 5.57% | -0.13% |