TGCEX vs. IOLZX
TGCEX (TCW Select Equities Fund) and IOLZX (ICON Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, TGCEX returned 14.83%/yr vs 14.43%/yr for IOLZX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. TGCEX charges 0.77%/yr vs 1.04%/yr for IOLZX.
Performance
TGCEX vs. IOLZX - Performance Comparison
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Returns By Period
In the year-to-date period, TGCEX achieves a 0.07% return, which is significantly lower than IOLZX's 28.40% return. Both investments have delivered pretty close results over the past 10 years, with TGCEX having a 14.83% annualized return and IOLZX not far behind at 14.43%.
TGCEX
- 1D
- 2.15%
- 1M
- -1.25%
- 6M
- 1.42%
- YTD
- 0.07%
- 1Y
- 1.96%
- 3Y*
- 16.21%
- 5Y*
- 6.75%
- 10Y*
- 14.83%
- ALL TIME*
- 8.67%
IOLZX
- 1D
- 2.38%
- 1M
- 1.29%
- 6M
- 21.25%
- YTD
- 28.40%
- 1Y
- 43.63%
- 3Y*
- 20.92%
- 5Y*
- 10.81%
- 10Y*
- 14.43%
- ALL TIME*
- 8.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
IOLZX ICON Equity Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
TGCEX vs. IOLZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGCEX TCW Select Equities Fund | 0.07% | 10.77% | 30.65% | 44.34% | -36.51% | 25.84% | 39.32% | 36.03% | 2.42% | 32.85% |
IOLZX ICON Equity Fund | 28.40% | 15.81% | 16.87% | 12.13% | -17.78% | 26.72% | 16.00% | 38.22% | -16.69% | 26.78% |
Correlation
The correlation between TGCEX and IOLZX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2004 | 0.76 |
Over the past year, the correlation between TGCEX and IOLZX has dropped to 0.55 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
TGCEX vs. IOLZX — Risk / Return Rank
TGCEX
IOLZX
TGCEX vs. IOLZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Select Equities Fund (TGCEX) and ICON Equity Fund (IOLZX). 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.
| TGCEX | IOLZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.33 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.74 | -2.75 |
| Martin ratioReturn relative to average drawdown | -0.02 | 9.60 | -9.62 |
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Drawdowns
TGCEX vs. IOLZX - Drawdown Comparison
The maximum TGCEX drawdown since its inception was -63.61%, which is greater than IOLZX's maximum drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for TGCEX and IOLZX.
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Drawdown Indicators
| TGCEX | IOLZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.61% | -56.03% | -7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -20.31% | -14.35% | -5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -22.62% | -24.71% | +2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -42.96% | -27.77% | -15.19% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | -41.04% | -1.92% |
Current DrawdownCurrent decline from peak | -6.50% | -1.89% | -4.61% |
Average DrawdownAverage peak-to-trough decline | -16.64% | -12.56% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 4.10% | +3.48% |
Volatility
TGCEX vs. IOLZX - Volatility Comparison
The current volatility for TCW Select Equities Fund (TGCEX) is 4.71%, while ICON Equity Fund (IOLZX) has a volatility of 5.99%. This indicates that TGCEX experiences smaller price fluctuations and is considered to be less risky than IOLZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGCEX | IOLZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 5.99% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 16.34% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 20.18% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 21.55% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.57% | 22.33% | +0.24% |
TGCEX vs. IOLZX - Expense Ratio Comparison
TGCEX has a 0.77% expense ratio, which is lower than IOLZX's 1.04% expense ratio.
Dividends
TGCEX vs. IOLZX - Dividend Comparison
TGCEX's dividend yield for the trailing twelve months is around 12.58%, more than IOLZX's 8.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOLZX ICON Equity Fund | 8.32% | 10.69% | 22.21% | 4.75% | 18.57% | 14.12% | 0.00% | 3.46% | 1.60% | 0.00% | 0.00% | 0.00% |
TGCEX TCW Select Equities Fund | 12.58% | 12.58% | 15.71% | 12.24% | 20.14% | 12.87% | 7.11% | 9.06% | 16.70% | 26.37% | 6.68% | 7.52% |
Frequently Asked Questions
TGCEX and IOLZX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOLZX has higher volatility (5.99%) compared to TGCEX (4.71%). In terms of maximum drawdown, TGCEX dropped -63.61% vs IOLZX's -56.03%.
IOLZX currently has the higher Sharpe Ratio (1.95 vs -0.01), 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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