TGCEX vs. SWLGX
TGCEX (TCW Select Equities Fund) and SWLGX (Schwab U.S. Large-Cap Growth Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, TGCEX returned 6.75%/yr vs 11.67%/yr for SWLGX. Their 0.95 correlation means they have historically moved very closely together. TGCEX charges 0.77%/yr vs 0.04%/yr for SWLGX.
Performance
TGCEX vs. SWLGX - Performance Comparison
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Returns By Period
In the year-to-date period, TGCEX achieves a 0.07% return, which is significantly higher than SWLGX's -0.51% 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%
SWLGX
- 1D
- 2.95%
- 1M
- -3.22%
- 6M
- 1.04%
- YTD
- -0.51%
- 1Y
- 9.24%
- 3Y*
- 18.93%
- 5Y*
- 11.67%
- 10Y*
- —
- ALL TIME*
- 16.56%
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. SWLGX - 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% | -1.02% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | -0.51% | 18.55% | 33.30% | 42.67% | -29.17% | 27.55% | 38.43% | 36.30% | -1.59% | -0.60% |
Correlation
The correlation between TGCEX and SWLGX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017 | 0.95 |
The correlation between TGCEX and SWLGX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
TGCEX vs. SWLGX — Risk / Return Rank
TGCEX
SWLGX
TGCEX vs. SWLGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Select Equities Fund (TGCEX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). 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 | SWLGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.08 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.45 | -0.45 |
| Martin ratioReturn relative to average drawdown | -0.02 | 1.35 | -1.36 |
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Drawdowns
TGCEX vs. SWLGX - Drawdown Comparison
The maximum TGCEX drawdown since its inception was -63.61%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for TGCEX and SWLGX.
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Drawdown Indicators
| TGCEX | SWLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.61% | -32.69% | -30.92% |
Max Drawdown (1Y)Largest decline over 1 year | -20.31% | -16.16% | -4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -22.62% | -23.30% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -42.96% | -32.69% | -10.27% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | — | — |
Current DrawdownCurrent decline from peak | -6.50% | -8.74% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -16.64% | -7.03% | -9.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 5.37% | +2.21% |
Volatility
TGCEX vs. SWLGX - Volatility Comparison
The current volatility for TCW Select Equities Fund (TGCEX) is 4.71%, while Schwab U.S. Large-Cap Growth Index Fund (SWLGX) has a volatility of 6.40%. This indicates that TGCEX experiences smaller price fluctuations and is considered to be less risky than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGCEX | SWLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 6.40% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 14.03% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 17.49% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 21.80% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.57% | 22.68% | -0.11% |
TGCEX vs. SWLGX - Expense Ratio Comparison
TGCEX has a 0.77% expense ratio, which is higher than SWLGX's 0.04% expense ratio.
Dividends
TGCEX vs. SWLGX - Dividend Comparison
TGCEX's dividend yield for the trailing twelve months is around 12.58%, more than SWLGX's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWLGX Schwab U.S. Large-Cap Growth Index Fund | 0.46% | 0.46% | 0.52% | 0.67% | 0.93% | 1.76% | 0.67% | 0.96% | 1.03% | 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
With a correlation of 0.94, TGCEX and SWLGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SWLGX has higher volatility (6.40%) compared to TGCEX (4.71%). In terms of maximum drawdown, TGCEX dropped -63.61% vs SWLGX's -32.69%.
SWLGX currently has the higher Sharpe Ratio (0.41 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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