IGCB vs. SUPP

Last updated Jun 23, 2026

IGCB (TCW Corporate Bond ETF) and SUPP (TCW Transform Supply Chain ETF) are both exchange-traded funds - IGCB is a Corporate Bonds fund tracking the Actively Managed, while SUPP is a Large Cap Blend Equities fund actively managed by TCW. IGCB is passively managed, while SUPP is actively managed. Over the past year, IGCB returned 4.61% vs 36.89% for SUPP. At a 0.30 correlation, their price movements are largely independent. IGCB charges 0.35%/yr vs 0.75%/yr for SUPP.

Performance

IGCB vs. SUPP - Performance Comparison

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

Returns By Period

In the year-to-date period, IGCB achieves a 0.16% return, which is significantly lower than SUPP's 25.93% return.

IGCB

• 1D: -0.25%
• 1M: 0.59%
• YTD: 0.16%
• 6M: 0.45%
• 1Y: 4.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SUPP

• 1D: 0.28%
• 1M: 8.80%
• YTD: 25.93%
• 6M: 25.68%
• 1Y: 36.89%
• 3Y*: 19.81%
• 5Y*: —
• 10Y*: —

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

IGCB vs. SUPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IGCB TCW Corporate Bond ETF	0.16%	8.42%	-0.26%
SUPP TCW Transform Supply Chain ETF	25.93%	11.65%	-4.65%

Correlation

The correlation between IGCB and SUPP is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	0.30

Return for Risk

IGCB vs. SUPP — Risk / Return Rank

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

IGCB

IGCB Risk / Return Rank: 33
IGCB Sharpe Ratio Rank: 35
IGCB Sortino Ratio Rank: 33
IGCB Omega Ratio Rank: 33
IGCB Calmar Ratio Rank: 33
IGCB Martin Ratio Rank: 33

SUPP

SUPP Risk / Return Rank: 56
SUPP Sharpe Ratio Rank: 55
SUPP Sortino Ratio Rank: 53
SUPP Omega Ratio Rank: 52
SUPP Calmar Ratio Rank: 57
SUPP Martin Ratio Rank: 63

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. SUPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Corporate Bond ETF (IGCB) and TCW Transform Supply Chain ETF (SUPP). 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.

	IGCB	SUPP	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.78	-0.58
Sortino ratio: Return per unit of downside risk	1.72	2.48	-0.77
Omega ratio: Gain probability vs. loss probability	1.22	1.32	-0.10
Calmar ratio: Return relative to maximum drawdown	1.59	2.73	-1.13
Martin ratio: Return relative to average drawdown	4.70	11.11	-6.41

IGCB vs. SUPP - Sharpe Ratio Comparison

The current IGCB Sharpe Ratio is 1.20, which is lower than the SUPP Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of IGCB and SUPP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGCB vs. SUPP - Drawdown Comparison

The maximum IGCB drawdown since its inception was -4.20%, smaller than the maximum SUPP drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for IGCB and SUPP.

Drawdown Indicators

	IGCB	SUPP	Difference
Max Drawdown Largest peak-to-trough decline	-4.20%	-25.03%	+20.83%
Max Drawdown (1Y) Largest decline over 1 year	-2.91%	-13.59%	+10.68%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.03%	—
Current Drawdown Current decline from peak	-1.23%	0.00%	-1.23%
Average Drawdown Average peak-to-trough decline	-0.93%	-4.36%	+3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	3.33%	-2.35%

Volatility

IGCB vs. SUPP - Volatility Comparison

The current volatility for TCW Corporate Bond ETF (IGCB) is 1.07%, while TCW Transform Supply Chain ETF (SUPP) has a volatility of 8.46%. This indicates that IGCB experiences smaller price fluctuations and is considered to be less risky than SUPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGCB	SUPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	8.46%	-7.39%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	17.72%	-14.91%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	20.81%	-16.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.79%	19.77%	-14.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.79%	19.77%	-14.98%

IGCB vs. SUPP - Expense Ratio Comparison

IGCB has a 0.35% expense ratio, which is lower than SUPP's 0.75% expense ratio.

Dividends

IGCB vs. SUPP - Dividend Comparison

IGCB's dividend yield for the trailing twelve months is around 4.75%, more than SUPP's 0.28% yield.

Position	TTM	2025	2024	2023
IGCB TCW Corporate Bond ETF	4.75%	4.52%	0.66%	0.00%
SUPP TCW Transform Supply Chain ETF	0.28%	0.35%	0.49%	0.45%

Frequently Asked Questions

Can I hold both IGCB and SUPP in my portfolio?

IGCB and SUPP have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGCB or SUPP?

SUPP has higher volatility (8.46%) compared to IGCB (1.07%). In terms of maximum drawdown, IGCB dropped -4.20% vs SUPP's -25.03%.

Which ETF is better, IGCB or SUPP?

On 1-year performance, SUPP leads with 36.89% vs 4.61% for IGCB. On fees, IGCB is cheaper at 0.35% per year. On volatility, IGCB has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGCB or SUPP?

Over the 1-year period, SUPP has performed better with a 36.89% return vs 4.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGCB or SUPP?

IGCB is cheaper with a 0.35% expense ratio, compared with 0.75% for SUPP.

Which ETF pays a higher dividend yield, IGCB or SUPP?

IGCB has the higher dividend yield at 4.75%, compared with 0.28% for SUPP.

What is the main difference between IGCB and SUPP?

IGCB is categorized as Corporate Bonds, while SUPP is Large Cap Blend Equities. Their fees differ too: 0.35% for IGCB and 0.75% for SUPP.

Which has better risk-adjusted returns?

SUPP currently has the higher Sharpe Ratio (1.78 vs 1.20), 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.