IGCB vs. FLXR

Last updated Apr 3, 2026

Compare and contrast key facts about TCW Corporate Bond ETF (IGCB) and TCW Flexible Income ETF (FLXR).

IGCB and FLXR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGCB is a passively managed fund by TCW that tracks the performance of the Actively Managed. It was launched on Jun 29, 2018. FLXR is an actively managed fund by TCW. It was launched on Nov 30, 2018.

Performance

IGCB vs. FLXR - Performance Comparison

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

IGCB vs. FLXR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IGCB TCW Corporate Bond ETF	-0.21%	8.42%	-0.39%
FLXR TCW Flexible Income ETF	0.35%	8.37%	0.53%

Returns By Period

In the year-to-date period, IGCB achieves a -0.21% return, which is significantly lower than FLXR's 0.35% return.

IGCB

• 1D: 0.15%
• 1M: -0.91%
• YTD: -0.21%
• 6M: 0.18%
• 1Y: 5.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLXR

• 1D: 0.15%
• 1M: -0.35%
• YTD: 0.35%
• 6M: 1.65%
• 1Y: 6.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGCB vs. FLXR - Expense Ratio Comparison

IGCB has a 0.35% expense ratio, which is lower than FLXR's 0.40% expense ratio.

FLXR

TCW Flexible Income ETF

IGCB

TCW Corporate Bond ETF

Return for Risk

IGCB vs. FLXR — Risk / Return Rank

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

IGCB

IGCB Risk / Return Rank: 53
IGCB Sharpe Ratio Rank: 60
IGCB Sortino Ratio Rank: 56
IGCB Omega Ratio Rank: 52
IGCB Calmar Ratio Rank: 53
IGCB Martin Ratio Rank: 45

FLXR

FLXR Risk / Return Rank: 95
FLXR Sharpe Ratio Rank: 94
FLXR Sortino Ratio Rank: 96
FLXR Omega Ratio Rank: 95
FLXR Calmar Ratio Rank: 94
FLXR Martin Ratio Rank: 93

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.

IGCB vs. FLXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Corporate Bond ETF (IGCB) and TCW Flexible Income ETF (FLXR). 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.

	IGCB	FLXR	Difference
Sharpe ratio Return per unit of total volatility	1.12	2.42	-1.30
Sortino ratio Return per unit of downside risk	1.54	3.35	-1.82
Omega ratio Gain probability vs. loss probability	1.21	1.49	-0.29
Calmar ratio Return relative to maximum drawdown	1.73	4.09	-2.36
Martin ratio Return relative to average drawdown	5.56	15.28	-9.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGCB vs. FLXR - Sharpe Ratio Comparison

The current IGCB Sharpe Ratio is 1.12, which is lower than the FLXR Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of IGCB and FLXR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IGCB	FLXR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	2.42	-1.30
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	2.72	-1.57

Correlation

The correlation between IGCB and FLXR is 0.70, 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

IGCB vs. FLXR - Dividend Comparison

IGCB's dividend yield for the trailing twelve months is around 4.67%, less than FLXR's 5.67% yield.

	TTM	2025	2024
IGCB TCW Corporate Bond ETF	4.67%	4.52%	0.66%
FLXR TCW Flexible Income ETF	5.67%	5.66%	3.44%

Drawdowns

IGCB vs. FLXR - Drawdown Comparison

The maximum IGCB drawdown since its inception was -4.20%, which is greater than FLXR's maximum drawdown of -1.94%. Use the drawdown chart below to compare losses from any high point for IGCB and FLXR.

Drawdown Indicators

	IGCB	FLXR	Difference
Max Drawdown Largest peak-to-trough decline	-4.20%	-1.94%	-2.26%
Max Drawdown (1Y) Largest decline over 1 year	-2.91%	-1.47%	-1.44%
Current Drawdown Current decline from peak	-1.60%	-0.73%	-0.87%
Average Drawdown Average peak-to-trough decline	-0.87%	-0.37%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	0.39%	+0.51%

Volatility

IGCB vs. FLXR - Volatility Comparison

TCW Corporate Bond ETF (IGCB) has a higher volatility of 1.74% compared to TCW Flexible Income ETF (FLXR) at 1.06%. This indicates that IGCB's price experiences larger fluctuations and is considered to be riskier than FLXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGCB	FLXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.74%	1.06%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	2.71%	1.59%	+1.12%
Volatility (1Y) Calculated over the trailing 1-year period	4.65%	2.55%	+2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.93%	2.82%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.93%	2.82%	+2.11%