TGCFX vs. TGCEX
TGCFX (TCW Core Fixed Income Fund) and TGCEX (TCW Select Equities Fund) are both mutual funds - TGCFX is a Intermediate Core Bond fund managed by TCW, while TGCEX is a Large Cap Growth Equities fund managed by TCW. Over the past 10 years, TGCFX returned 1.37%/yr vs 14.83%/yr for TGCEX. Their -0.06 correlation means they have often moved in opposite directions in the past. TGCFX charges 0.49%/yr vs 0.77%/yr for TGCEX.
Performance
TGCFX vs. TGCEX - Performance Comparison
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Returns By Period
In the year-to-date period, TGCFX achieves a -0.53% return, which is significantly lower than TGCEX's 0.07% return. Over the past 10 years, TGCFX has underperformed TGCEX with an annualized return of 1.37%, while TGCEX has yielded a comparatively higher 14.83% annualized return.
TGCFX
- 1D
- 0.11%
- 1M
- -0.84%
- 6M
- -0.79%
- YTD
- -0.53%
- 1Y
- 2.02%
- 3Y*
- 3.65%
- 5Y*
- -0.72%
- 10Y*
- 1.37%
- ALL TIME*
- 3.09%
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%
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 |
TGCFX vs. TGCEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGCFX TCW Core Fixed Income Fund | -0.53% | 7.51% | 0.75% | 5.61% | -14.25% | -1.27% | 8.79% | 8.75% | 0.09% | 3.23% |
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% |
Correlation
The correlation between TGCFX and TGCEX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994 | -0.06 |
The correlation between TGCFX and TGCEX shifts across timeframes, from -0.06 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TGCFX vs. TGCEX — Risk / Return Rank
TGCFX
TGCEX
TGCFX vs. TGCEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Core Fixed Income Fund (TGCFX) and TCW Select Equities Fund (TGCEX). 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.
| TGCFX | TGCEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.01 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.01 | +0.98 |
| Martin ratioReturn relative to average drawdown | 2.40 | -0.02 | +2.42 |
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Drawdowns
TGCFX vs. TGCEX - Drawdown Comparison
The maximum TGCFX drawdown since its inception was -19.37%, smaller than the maximum TGCEX drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for TGCFX and TGCEX.
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Drawdown Indicators
| TGCFX | TGCEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.37% | -63.61% | +44.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -20.31% | +17.16% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -22.62% | +16.70% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -42.96% | +23.59% |
Max Drawdown (10Y)Largest decline over 10 years | -19.37% | -42.96% | +23.59% |
Current DrawdownCurrent decline from peak | -3.72% | -6.50% | +2.78% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -16.64% | +13.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 7.58% | -6.31% |
Volatility
TGCFX vs. TGCEX - Volatility Comparison
The current volatility for TCW Core Fixed Income Fund (TGCFX) is 1.08%, while TCW Select Equities Fund (TGCEX) has a volatility of 4.71%. This indicates that TGCFX experiences smaller price fluctuations and is considered to be less risky than TGCEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGCFX | TGCEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 4.71% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 13.97% | -10.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 17.67% | -13.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 23.29% | -16.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 22.57% | -17.34% |
TGCFX vs. TGCEX - Expense Ratio Comparison
TGCFX has a 0.49% expense ratio, which is lower than TGCEX's 0.77% expense ratio.
Dividends
TGCFX vs. TGCEX - Dividend Comparison
TGCFX's dividend yield for the trailing twelve months is around 4.08%, less than TGCEX's 12.58% 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% |
TGCFX TCW Core Fixed Income Fund | 4.08% | 4.51% | 4.34% | 3.66% | 2.22% | 1.56% | 4.14% | 2.63% | 2.57% | 2.17% | 2.95% | 2.59% |
Frequently Asked Questions
TGCFX and TGCEX have a correlation of 0.26, 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 TGCFX (1.08%). In terms of maximum drawdown, TGCFX dropped -19.37% vs TGCEX's -63.61%.
TGCFX currently has the higher Sharpe Ratio (0.76 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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