TGCEX vs. TGHYX

Last updated Jun 3, 2026

TGCEX (TCW Select Equities Fund) and TGHYX (TCW High Yield Bond Fund) are both mutual funds - TGCEX is a Large Cap Growth Equities fund managed by TCW, while TGHYX is a High Yield Bonds fund managed by TCW. At a 0.22 correlation, their price movements are largely independent. TGCEX charges 0.77%/yr vs 0.55%/yr for TGHYX.

Performance

TGCEX vs. TGHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Select Equities Fund (TGCEX) and TCW High Yield Bond Fund (TGHYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TGCEX

• 1D: 2.07%
• 1M: 7.44%
• YTD: 7.01%
• 6M: 5.80%
• 1Y: 14.61%
• 3Y*: 21.63%
• 5Y*: 10.62%
• 10Y*: 16.12%

TGHYX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TGCEX vs. TGHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGCEX TCW Select Equities Fund	7.01%	10.77%	30.65%	44.34%	-36.51%	25.84%	39.32%	36.03%	2.42%	32.85%
TGHYX TCW High Yield Bond Fund	0.00%	0.00%	6.19%	10.65%	-8.76%	3.46%	10.03%	12.98%	0.01%	6.28%

Correlation

The correlation between TGCEX and TGHYX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jan 4, 1994	0.22

The correlation between TGCEX and TGHYX shifts across timeframes, from 0.18 (3 years) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TGCEX vs. TGHYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TGCEX

TGCEX Risk / Return Rank: 10
TGCEX Sharpe Ratio Rank: 12
TGCEX Sortino Ratio Rank: 11
TGCEX Omega Ratio Rank: 11
TGCEX Calmar Ratio Rank: 7
TGCEX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TGCEX vs. TGHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Select Equities Fund (TGCEX) and TCW High Yield Bond Fund (TGHYX). 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.

	TGCEX	TGHYX	Difference
Sharpe ratio Return per unit of total volatility	0.93	—	—
Sortino ratio Return per unit of downside risk	1.34	—	—
Omega ratio Gain probability vs. loss probability	1.17	—	—
Calmar ratio Return relative to maximum drawdown	0.75	—	—
Martin ratio Return relative to average drawdown	2.11	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TGCEX	TGHYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	—	—

Drawdowns

Drawdown Indicators

	TGCEX	TGHYX	Difference
Max Drawdown Largest peak-to-trough decline	-63.61%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-20.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.96%	—	—
Current Drawdown Current decline from peak	-0.01%	—	—
Average Drawdown Average peak-to-trough decline	-16.70%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.25%	—	—

Volatility

Volatility by Period

	TGCEX	TGHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.46%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.12%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.55%	—	—

TGCEX vs. TGHYX - Expense Ratio Comparison

TGCEX has a 0.77% expense ratio, which is higher than TGHYX's 0.55% expense ratio.

Dividends

TGCEX vs. TGHYX - Dividend Comparison

TGCEX's dividend yield for the trailing twelve months is around 11.76%, while TGHYX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TGCEX TCW Select Equities Fund	11.76%	12.58%	15.71%	12.24%	20.14%	12.87%	7.11%	9.06%	16.70%	26.37%	6.68%	7.52%
TGHYX TCW High Yield Bond Fund	0.00%	0.00%	5.04%	5.91%	5.32%	5.70%	3.84%	4.32%	5.17%	4.35%	4.12%	4.50%

Frequently Asked Questions

Can I hold both TGCEX and TGHYX in my portfolio?

TGCEX and TGHYX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.