TGCEX vs. MRFOX
TGCEX (TCW Select Equities Fund) and MRFOX (Marshfield Concentrated Opportunity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, TGCEX returned 14.83%/yr vs 15.92%/yr for MRFOX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. TGCEX charges 0.77%/yr vs 1.05%/yr for MRFOX.
Performance
TGCEX vs. MRFOX - 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 MRFOX's 4.87% return. Over the past 10 years, TGCEX has underperformed MRFOX with an annualized return of 14.83%, while MRFOX has yielded a comparatively higher 15.92% annualized return.
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%
MRFOX
- 1D
- -1.24%
- 1M
- -0.50%
- 6M
- 3.84%
- YTD
- 4.87%
- 1Y
- 11.84%
- 3Y*
- 13.29%
- 5Y*
- 11.49%
- 10Y*
- 15.92%
- ALL TIME*
- 15.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TGCEX vs. MRFOX - 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% |
MRFOX Marshfield Concentrated Opportunity Fund | 4.87% | 10.05% | 17.10% | 17.68% | 5.06% | 17.71% | 15.19% | 36.26% | 1.89% | 25.92% |
Correlation
The correlation between TGCEX and MRFOX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.61 |
Over the past year, the correlation between TGCEX and MRFOX has dropped to 0.16 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
TGCEX vs. MRFOX — Risk / Return Rank
TGCEX
MRFOX
TGCEX vs. MRFOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Select Equities Fund (TGCEX) and Marshfield Concentrated Opportunity Fund (MRFOX). 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 | MRFOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.19 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.55 | -1.55 |
| Martin ratioReturn relative to average drawdown | -0.02 | 4.55 | -4.56 |
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Drawdowns
TGCEX vs. MRFOX - Drawdown Comparison
The maximum TGCEX drawdown since its inception was -63.61%, which is greater than MRFOX's maximum drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for TGCEX and MRFOX.
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Drawdown Indicators
| TGCEX | MRFOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.61% | -29.10% | -34.51% |
Max Drawdown (1Y)Largest decline over 1 year | -20.31% | -7.03% | -13.28% |
Max Drawdown (3Y)Largest decline over 3 years | -22.62% | -7.91% | -14.71% |
Max Drawdown (5Y)Largest decline over 5 years | -42.96% | -12.98% | -29.98% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | -29.10% | -13.86% |
Current DrawdownCurrent decline from peak | -6.50% | -1.37% | -5.13% |
Average DrawdownAverage peak-to-trough decline | -16.64% | -2.34% | -14.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 2.38% | +5.20% |
Volatility
TGCEX vs. MRFOX - Volatility Comparison
TCW Select Equities Fund (TGCEX) has a higher volatility of 4.71% compared to Marshfield Concentrated Opportunity Fund (MRFOX) at 4.45%. This indicates that TGCEX's price experiences larger fluctuations and is considered to be riskier than MRFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGCEX | MRFOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.45% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 7.80% | +6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 10.40% | +7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 12.17% | +11.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.57% | 14.18% | +8.39% |
TGCEX vs. MRFOX - Expense Ratio Comparison
TGCEX has a 0.77% expense ratio, which is lower than MRFOX's 1.05% expense ratio.
Dividends
TGCEX vs. MRFOX - Dividend Comparison
TGCEX's dividend yield for the trailing twelve months is around 12.58%, more than MRFOX's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRFOX Marshfield Concentrated Opportunity Fund | 1.54% | 1.62% | 4.59% | 0.46% | 0.35% | 6.78% | 2.68% | 1.39% | 1.94% | 2.06% | 0.60% | 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 MRFOX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGCEX has higher volatility (4.71%) compared to MRFOX (4.45%). In terms of maximum drawdown, TGCEX dropped -63.61% vs MRFOX's -29.10%.
MRFOX currently has the higher Sharpe Ratio (1.05 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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