TGCEX vs. TGREX
TGCEX (TCW Select Equities Fund) and TGREX (TCW Global Real Estate Fund) are both mutual funds - TGCEX is a Large Cap Growth Equities fund managed by TCW, while TGREX is a REIT fund managed by TCW. Over the past 10 years, TGCEX returned 14.83%/yr vs 5.88%/yr for TGREX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. TGCEX charges 0.77%/yr vs 0.90%/yr for TGREX.
Performance
TGCEX vs. TGREX - 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 TGREX's 14.17% return. Over the past 10 years, TGCEX has outperformed TGREX with an annualized return of 14.83%, while TGREX has yielded a comparatively lower 5.88% 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%
TGREX
- 1D
- 0.51%
- 1M
- 2.24%
- 6M
- 10.44%
- YTD
- 14.17%
- 1Y
- 16.22%
- 3Y*
- 9.82%
- 5Y*
- 2.00%
- 10Y*
- 5.88%
- ALL TIME*
- 5.88%
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. TGREX - 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% |
TGREX TCW Global Real Estate Fund | 14.17% | 7.69% | 1.94% | 11.29% | -25.92% | 27.96% | 14.65% | 29.50% | -11.22% | 11.06% |
Correlation
The correlation between TGCEX and TGREX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.55 |
Over the past year, the correlation between TGCEX and TGREX has dropped to 0.24 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
TGCEX vs. TGREX — Risk / Return Rank
TGCEX
TGREX
TGCEX vs. TGREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Select Equities Fund (TGCEX) and TCW Global Real Estate Fund (TGREX). 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 | TGREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.20 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.51 | -1.52 |
| Martin ratioReturn relative to average drawdown | -0.02 | 4.68 | -4.69 |
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Drawdowns
TGCEX vs. TGREX - Drawdown Comparison
The maximum TGCEX drawdown since its inception was -63.61%, which is greater than TGREX's maximum drawdown of -37.78%. Use the drawdown chart below to compare losses from any high point for TGCEX and TGREX.
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Drawdown Indicators
| TGCEX | TGREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.61% | -37.78% | -25.83% |
Max Drawdown (1Y)Largest decline over 1 year | -20.31% | -9.66% | -10.65% |
Max Drawdown (3Y)Largest decline over 3 years | -22.62% | -19.89% | -2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -42.96% | -33.48% | -9.48% |
Max Drawdown (10Y)Largest decline over 10 years | -42.96% | -37.78% | -5.18% |
Current DrawdownCurrent decline from peak | -6.50% | -0.29% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -16.64% | -8.81% | -7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 3.12% | +4.46% |
Volatility
TGCEX vs. TGREX - Volatility Comparison
TCW Select Equities Fund (TGCEX) has a higher volatility of 4.71% compared to TCW Global Real Estate Fund (TGREX) at 3.52%. This indicates that TGCEX's price experiences larger fluctuations and is considered to be riskier than TGREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGCEX | TGREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 3.52% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 10.57% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 13.30% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 16.10% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.57% | 16.80% | +5.77% |
TGCEX vs. TGREX - Expense Ratio Comparison
TGCEX has a 0.77% expense ratio, which is lower than TGREX's 0.90% expense ratio.
Dividends
TGCEX vs. TGREX - Dividend Comparison
TGCEX's dividend yield for the trailing twelve months is around 12.58%, more than TGREX's 2.69% 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% |
TGREX TCW Global Real Estate Fund | 2.69% | 2.96% | 1.90% | 1.76% | 2.10% | 10.16% | 0.75% | 2.65% | 2.81% | 2.15% | 3.85% | 2.80% |
Frequently Asked Questions
TGCEX and TGREX have a correlation of 0.24, 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 TGREX (3.52%). In terms of maximum drawdown, TGCEX dropped -63.61% vs TGREX's -37.78%.
TGREX currently has the higher Sharpe Ratio (1.10 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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