TGCEX vs. TGLMX

Last updated Apr 1, 2026

Compare and contrast key facts about TCW Select Equities Fund (TGCEX) and TCW Total Return Bond Fund (TGLMX).

TGCEX is managed by TCW. It was launched on Feb 26, 1993. TGLMX is managed by TCW. It was launched on Jun 17, 1993.

Performance

TGCEX vs. TGLMX - Performance Comparison

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

TGCEX vs. TGLMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGCEX TCW Select Equities Fund	-14.71%	10.77%	30.65%	44.34%	-36.51%	25.84%	39.32%	36.03%	2.42%	32.85%
TGLMX TCW Total Return Bond Fund	0.57%	8.99%	1.82%	5.05%	-16.59%	-1.05%	8.32%	7.28%	0.80%	3.44%

Returns By Period

In the year-to-date period, TGCEX achieves a -14.71% return, which is significantly lower than TGLMX's 0.57% return. Over the past 10 years, TGCEX has outperformed TGLMX with an annualized return of 13.75%, while TGLMX has yielded a comparatively lower 1.54% annualized return.

TGCEX

• 1D: -0.23%
• 1M: -8.35%
• YTD: -14.71%
• 6M: -16.07%
• 1Y: 3.90%
• 3Y*: 16.08%
• 5Y*: 7.26%
• 10Y*: 13.75%

TGLMX

• 1D: 0.52%
• 1M: -1.89%
• YTD: 0.57%
• 6M: 1.95%
• 1Y: 5.74%
• 3Y*: 4.22%
• 5Y*: -0.02%
• 10Y*: 1.54%

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

TGCEX vs. TGLMX - Expense Ratio Comparison

TGCEX has a 0.77% expense ratio, which is higher than TGLMX's 0.49% expense ratio.

TGCEX

TCW Select Equities Fund

TGLMX

TCW Total Return Bond Fund

Return for Risk

TGCEX vs. TGLMX — Risk / Return Rank

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

TGCEX

TGCEX Risk / Return Rank: 8
TGCEX Sharpe Ratio Rank: 8
TGCEX Sortino Ratio Rank: 9
TGCEX Omega Ratio Rank: 9
TGCEX Calmar Ratio Rank: 7
TGCEX Martin Ratio Rank: 7

TGLMX

TGLMX Risk / Return Rank: 67
TGLMX Sharpe Ratio Rank: 67
TGLMX Sortino Ratio Rank: 69
TGLMX Omega Ratio Rank: 55
TGLMX Calmar Ratio Rank: 83
TGLMX Martin Ratio Rank: 63

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. TGLMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Select Equities Fund (TGCEX) and TCW Total Return Bond Fund (TGLMX). 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	TGLMX	Difference
Sharpe ratio Return per unit of total volatility	0.17	1.18	-1.01
Sortino ratio Return per unit of downside risk	0.42	1.71	-1.30
Omega ratio Gain probability vs. loss probability	1.06	1.22	-0.16
Calmar ratio Return relative to maximum drawdown	0.06	2.04	-1.98
Martin ratio Return relative to average drawdown	0.18	6.03	-5.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGCEX vs. TGLMX - Sharpe Ratio Comparison

The current TGCEX Sharpe Ratio is 0.17, which is lower than the TGLMX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of TGCEX and TGLMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TGCEX	TGLMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.17	1.18	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	-0.00	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.28	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.40	-0.06

Correlation

The correlation between TGCEX and TGLMX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TGCEX vs. TGLMX - Dividend Comparison

TGCEX's dividend yield for the trailing twelve months is around 14.75%, more than TGLMX's 6.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TGCEX TCW Select Equities Fund	14.75%	12.58%	15.71%	12.24%	20.14%	12.87%	7.11%	9.06%	16.70%	26.37%	6.68%	7.52%
TGLMX TCW Total Return Bond Fund	6.39%	7.19%	6.52%	6.13%	3.27%	2.08%	3.37%	4.07%	3.55%	2.89%	4.13%	2.88%

Drawdowns

TGCEX vs. TGLMX - Drawdown Comparison

The maximum TGCEX drawdown since its inception was -63.61%, which is greater than TGLMX's maximum drawdown of -22.26%. Use the drawdown chart below to compare losses from any high point for TGCEX and TGLMX.

Drawdown Indicators

	TGCEX	TGLMX	Difference
Max Drawdown Largest peak-to-trough decline	-63.61%	-22.26%	-41.35%
Max Drawdown (1Y) Largest decline over 1 year	-20.31%	-3.28%	-17.03%
Max Drawdown (5Y) Largest decline over 5 years	-42.96%	-22.17%	-20.79%
Max Drawdown (10Y) Largest decline over 10 years	-42.96%	-22.26%	-20.70%
Current Drawdown Current decline from peak	-20.31%	-3.38%	-16.93%
Average Drawdown Average peak-to-trough decline	-16.74%	-3.80%	-12.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.46%	1.11%	+5.35%

Volatility

TGCEX vs. TGLMX - Volatility Comparison

TCW Select Equities Fund (TGCEX) has a higher volatility of 5.60% compared to TCW Total Return Bond Fund (TGLMX) at 1.85%. This indicates that TGCEX's price experiences larger fluctuations and is considered to be riskier than TGLMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGCEX	TGLMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	1.85%	+3.75%
Volatility (6M) Calculated over the trailing 6-month period	12.54%	2.88%	+9.66%
Volatility (1Y) Calculated over the trailing 1-year period	22.35%	5.02%	+17.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.10%	7.03%	+16.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.48%	5.57%	+16.91%