TGCEX vs. TGGBX
TGCEX (TCW Select Equities Fund) and TGGBX (TCW Global Bond Fund) are both mutual funds - TGCEX is a Large Cap Growth Equities fund managed by TCW, while TGGBX is a Global Bonds fund managed by TCW. Over the past 10 years, TGCEX returned 14.83%/yr vs 0.83%/yr for TGGBX. Their 0.08 correlation means their historical movements had little consistent relationship. TGCEX charges 0.77%/yr vs 0.60%/yr for TGGBX.
Performance
TGCEX vs. TGGBX - 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 TGGBX's -0.72% return. Over the past 10 years, TGCEX has outperformed TGGBX with an annualized return of 14.83%, while TGGBX has yielded a comparatively lower 0.83% 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%
TGGBX
- 1D
- 0.73%
- 1M
- -0.36%
- 6M
- -1.76%
- YTD
- -0.72%
- 1Y
- 1.14%
- 3Y*
- 3.75%
- 5Y*
- -1.67%
- 10Y*
- 0.83%
- ALL TIME*
- 1.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
TGGBX TCW Global Bond Fund | $0.00 | $0.00 | $0.00 |
TGCEX vs. TGGBX - 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% |
TGGBX TCW Global Bond Fund | -0.72% | 10.17% | -2.27% | 7.01% | -17.09% | -4.71% | 12.29% | 8.36% | -1.75% | 6.02% |
Correlation
The correlation between TGCEX and TGGBX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.08 |
Over the past year, TGCEX and TGGBX have become more correlated (0.33) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
TGCEX vs. TGGBX — Risk / Return Rank
TGCEX
TGGBX
TGCEX vs. TGGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Select Equities Fund (TGCEX) and TCW Global Bond Fund (TGGBX). 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 | TGGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.45 | -0.45 |
| Martin ratioReturn relative to average drawdown | -0.02 | 1.00 | -1.01 |
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Drawdowns
TGCEX vs. TGGBX - Drawdown Comparison
The maximum TGCEX drawdown since its inception was -63.61%, which is greater than TGGBX's maximum drawdown of -27.37%. Use the drawdown chart below to compare losses from any high point for TGCEX and TGGBX.
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Drawdown Indicators
| TGCEX | TGGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.61% | -27.37% | -36.24% |
Max Drawdown (1Y)Largest decline over 1 year | -20.31% | -4.17% | -16.14% |
Max Drawdown (3Y)Largest decline over 3 years | -22.62% | -8.55% | -14.07% |
Max Drawdown (5Y)Largest decline over 5 years | -42.96% | -26.13% | -16.83% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | -27.37% | -15.59% |
Current DrawdownCurrent decline from peak | -6.50% | -9.80% | +3.30% |
Average DrawdownAverage peak-to-trough decline | -16.64% | -6.51% | -10.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 1.87% | +5.71% |
Volatility
TGCEX vs. TGGBX - Volatility Comparison
TCW Select Equities Fund (TGCEX) has a higher volatility of 4.71% compared to TCW Global Bond Fund (TGGBX) at 1.46%. This indicates that TGCEX's price experiences larger fluctuations and is considered to be riskier than TGGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGCEX | TGGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 1.46% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 4.23% | +9.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 5.15% | +12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 6.84% | +16.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.57% | 5.81% | +16.76% |
TGCEX vs. TGGBX - Expense Ratio Comparison
TGCEX has a 0.77% expense ratio, which is higher than TGGBX's 0.60% expense ratio.
Dividends
TGCEX vs. TGGBX - Dividend Comparison
TGCEX's dividend yield for the trailing twelve months is around 12.58%, more than TGGBX's 3.97% 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% |
TGGBX TCW Global Bond Fund | 3.97% | 4.12% | 2.99% | 3.65% | 1.97% | 1.93% | 3.70% | 4.18% | 0.50% | 1.88% | 2.91% | 2.25% |
Frequently Asked Questions
TGCEX and TGGBX have a correlation of 0.33, 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 TGGBX (1.46%). In terms of maximum drawdown, TGCEX dropped -63.61% vs TGGBX's -27.37%.
TGGBX currently has the higher Sharpe Ratio (0.36 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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