TGCEX vs. TGDVX
TGCEX (TCW Select Equities Fund) and TGDVX (TCW Relative Value Large Cap Fund) are both mutual funds - TGCEX is a Large Cap Growth Equities fund managed by TCW, while TGDVX is a Large Cap Value Equities fund managed by TCW. Over the past 10 years, TGCEX returned 14.83%/yr vs 11.99%/yr for TGDVX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. TGCEX charges 0.77%/yr vs 0.90%/yr for TGDVX.
Performance
TGCEX vs. TGDVX - 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 TGDVX's 12.91% return. Over the past 10 years, TGCEX has outperformed TGDVX with an annualized return of 14.83%, while TGDVX has yielded a comparatively lower 11.99% 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%
TGDVX
- 1D
- 1.77%
- 1M
- 1.89%
- 6M
- 9.58%
- YTD
- 12.91%
- 1Y
- 27.71%
- 3Y*
- 18.25%
- 5Y*
- 13.09%
- 10Y*
- 11.99%
- ALL TIME*
- 7.98%
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. TGDVX - 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% |
TGDVX TCW Relative Value Large Cap Fund | 12.91% | 19.17% | 18.29% | 16.05% | -6.98% | 29.16% | 6.30% | 25.79% | -17.00% | 15.02% |
Correlation
The correlation between TGCEX and TGDVX is 0.52, 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. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.75 |
Over the past year, the correlation between TGCEX and TGDVX has dropped to 0.52 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
TGCEX vs. TGDVX — Risk / Return Rank
TGCEX
TGDVX
TGCEX vs. TGDVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Select Equities Fund (TGCEX) and TCW Relative Value Large Cap Fund (TGDVX). 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 | TGDVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.38 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.32 | -3.33 |
| Martin ratioReturn relative to average drawdown | -0.02 | 12.71 | -12.73 |
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Drawdowns
TGCEX vs. TGDVX - Drawdown Comparison
The maximum TGCEX drawdown since its inception was -63.61%, roughly equal to the maximum TGDVX drawdown of -60.90%. Use the drawdown chart below to compare losses from any high point for TGCEX and TGDVX.
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Drawdown Indicators
| TGCEX | TGDVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.61% | -60.90% | -2.71% |
Max Drawdown (1Y)Largest decline over 1 year | -20.31% | -7.78% | -12.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.62% | -19.23% | -3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -42.96% | -21.40% | -21.56% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | -42.66% | -0.30% |
Current DrawdownCurrent decline from peak | -6.50% | -0.36% | -6.14% |
Average DrawdownAverage peak-to-trough decline | -16.64% | -10.08% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 2.03% | +5.55% |
Volatility
TGCEX vs. TGDVX - Volatility Comparison
TCW Select Equities Fund (TGCEX) has a higher volatility of 4.71% compared to TCW Relative Value Large Cap Fund (TGDVX) at 2.83%. This indicates that TGCEX's price experiences larger fluctuations and is considered to be riskier than TGDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGCEX | TGDVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 2.83% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 9.09% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 12.28% | +5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 16.72% | +6.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.57% | 19.29% | +3.28% |
TGCEX vs. TGDVX - Expense Ratio Comparison
TGCEX has a 0.77% expense ratio, which is lower than TGDVX's 0.90% expense ratio.
Dividends
TGCEX vs. TGDVX - Dividend Comparison
TGCEX's dividend yield for the trailing twelve months is around 12.58%, less than TGDVX's 22.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TGDVX TCW Relative Value Large Cap Fund | 22.09% | 24.95% | 6.80% | 4.56% | 6.93% | 8.25% | 8.40% | 60.34% | 14.36% | 16.19% | 6.77% | 5.35% |
Frequently Asked Questions
TGCEX and TGDVX have a correlation of 0.52, 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 TGDVX (2.83%). In terms of maximum drawdown, TGCEX dropped -63.61% vs TGDVX's -60.90%.
TGDVX currently has the higher Sharpe Ratio (2.11 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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