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TGCEX vs. TSI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TGCEX vs. TSI

Last updated Jul 17, 2026
Documentation

TGCEX (TCW Select Equities Fund) and TSI (TCW Strategic Income Fund Inc.) are both mutual funds - TGCEX is a Large Cap Growth Equities fund managed by TCW, while TSI is a Multisector Bonds fund managed by TCW. Over the past 10 years, TGCEX returned 15.66%/yr vs 4.90%/yr for TSI. At a 0.17 correlation, their price movements are largely independent.

Performance

TGCEX vs. TSI - Performance Comparison

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

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Returns By Period

In the year-to-date period, TGCEX achieves a 4.27% return, which is significantly higher than TSI's -6.78% return. Over the past 10 years, TGCEX has outperformed TSI with an annualized return of 15.66%, while TSI has yielded a comparatively lower 4.90% annualized return.

TGCEX

1D
0.48%
1M
2.22%
6M
4.59%
YTD
4.27%
1Y
6.70%
3Y*
17.99%
5Y*
8.17%
10Y*
15.66%

TSI

1D
0.41%
1M
-0.48%
6M
-6.81%
YTD
-6.78%
1Y
-1.82%
3Y*
6.54%
5Y*
1.65%
10Y*
4.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TGCEX vs. TSI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TGCEX
TCW Select Equities Fund		4.27%10.77%30.65%44.34%-36.51%25.84%39.32%36.03%2.42%32.85%
TSI
TCW Strategic Income Fund Inc.		-6.78%9.72%13.45%7.13%-14.33%8.08%3.77%17.97%-3.83%16.42%

Correlation

The correlation between TGCEX and TSI is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.16

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (10Y)
Calculated over the trailing 10-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Jan 3, 1994

0.17

Compare stocks, funds, or ETFs

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TCW Select Equities Fund

TCW Strategic Income Fund Inc.

Often compared with TGCEX:
TGCEX vs. TGEIXTGCEX vs. VOOTGCEX vs. TGGBXTGCEX vs. TGPCXTGCEX vs. TGCFXTGCEX vs. TGWIXTGCEX vs. TGHYX
Often compared with TSI:
TSI vs. TGDVXTSI vs. JMMTSI vs. SDIVTSI vs. HFSITSI vs. EVGTSI vs. PGHYTSI vs. VZ

Return for Risk

TGCEX vs. TSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TGCEX
TGCEX Risk / Return Rank: 66
Overall Rank
TGCEX Sharpe Ratio Rank: 66
Sharpe Ratio Rank
TGCEX Sortino Ratio Rank: 66
Sortino Ratio Rank
TGCEX Omega Ratio Rank: 66
Omega Ratio Rank
TGCEX Calmar Ratio Rank: 55
Calmar Ratio Rank
TGCEX Martin Ratio Rank: 55
Martin Ratio Rank
TSI
TSI Risk / Return Rank: 22
Overall Rank
TSI Sharpe Ratio Rank: 22
Sharpe Ratio Rank
TSI Sortino Ratio Rank: 22
Sortino Ratio Rank
TSI Omega Ratio Rank: 22
Omega Ratio Rank
TSI Calmar Ratio Rank: 22
Calmar Ratio Rank
TSI Martin Ratio Rank: 22
Martin Ratio Rank
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. TSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Select Equities Fund (TGCEX) and TCW Strategic Income Fund Inc. (TSI). 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.

TGCEXTSIDifference
Sharpe ratioReturn per unit of total volatility
0.38
-0.22

+0.60

Sortino ratioReturn per unit of downside risk
0.63
-0.24

+0.87

Omega ratioGain probability vs. loss probability

1.08

0.97

+0.11

Calmar ratioReturn relative to maximum drawdown

0.33

-0.22

+0.55

Martin ratioReturn relative to average drawdown

0.88

-0.46

+1.34

TGCEX vs. TSI - Sharpe Ratio Comparison

The current TGCEX Sharpe Ratio is 0.38, which is higher than the TSI Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of TGCEX and TSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TGCEX vs. TSI - Drawdown Comparison

The maximum TGCEX drawdown since its inception was -63.61%, which is greater than TSI's maximum drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for TGCEX and TSI.

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Drawdown Indicators

TGCEXTSIDifference

Max Drawdown

Largest peak-to-trough decline

-63.61%

-60.35%

-3.26%

Max Drawdown (1Y)

Largest decline over 1 year

-20.31%

-8.30%

-12.01%

Max Drawdown (3Y)

Largest decline over 3 years

-22.62%

-8.30%

-14.32%

Max Drawdown (5Y)

Largest decline over 5 years

-42.96%

-18.56%

-24.40%

Max Drawdown (10Y)

Largest decline over 10 years

-42.96%

-30.00%

-12.96%

Current Drawdown

Current decline from peak

-2.57%

-6.81%

+4.24%

Average Drawdown

Average peak-to-trough decline

-16.65%

-7.69%

-8.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.47%

3.97%

+3.50%

Volatility

TGCEX vs. TSI - Volatility Comparison

TCW Select Equities Fund (TGCEX) has a higher volatility of 5.33% compared to TCW Strategic Income Fund Inc. (TSI) at 2.03%. This indicates that TGCEX's price experiences larger fluctuations and is considered to be riskier than TSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TGCEXTSIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.33%

2.03%

+3.30%

Volatility (6M)

Calculated over the trailing 6-month period

13.87%

7.14%

+6.73%

Volatility (1Y)

Calculated over the trailing 1-year period

17.33%

8.36%

+8.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.26%

10.83%

+12.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.54%

14.03%

+8.51%

Dividends

TGCEX vs. TSI - Dividend Comparison

TGCEX's dividend yield for the trailing twelve months is around 12.07%, more than TSI's 8.43% yield.

PositionTTM20252024202320222021202020192018201720162015
TGCEX
TCW Select Equities Fund		12.07%12.58%15.71%12.24%20.14%12.87%7.11%9.06%16.70%26.37%6.68%7.52%
TSI
TCW Strategic Income Fund Inc.		8.43%6.58%8.00%7.73%7.00%6.36%4.83%7.39%7.07%5.36%5.21%4.08%

Frequently Asked Questions

TGCEX and TSI have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TGCEX has higher volatility (5.33%) compared to TSI (2.03%). In terms of maximum drawdown, TGCEX dropped -63.61% vs TSI's -60.35%.

TGCEX currently has the higher Sharpe Ratio (0.38 vs -0.22), 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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