TGCFX vs. TGHYX

Last updated Apr 2, 2026

Compare and contrast key facts about TCW Core Fixed Income Fund (TGCFX) and TCW High Yield Bond Fund (TGHYX).

TGCFX is managed by TCW. It was launched on Feb 26, 1993. TGHYX is managed by TCW. It was launched on Feb 26, 1993.

Performance

TGCFX vs. TGHYX - Performance Comparison

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

TGCFX vs. TGHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGCFX TCW Core Fixed Income Fund	-0.32%	7.51%	0.75%	5.61%	-14.25%	-1.27%	8.79%	8.75%	0.09%	3.23%
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%

Returns By Period

TGCFX

• 1D: -0.10%
• 1M: -1.73%
• YTD: -0.32%
• 6M: 0.45%
• 1Y: 3.52%
• 3Y*: 3.27%
• 5Y*: -0.18%
• 10Y*: 1.65%

TGHYX

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

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

TGCFX vs. TGHYX - Expense Ratio Comparison

TGCFX has a 0.49% expense ratio, which is lower than TGHYX's 0.55% expense ratio.

TGHYX

TCW High Yield Bond Fund

TGCFX

TCW Core Fixed Income Fund

Return for Risk

TGCFX vs. TGHYX — Risk / Return Rank

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

TGCFX

TGCFX Risk / Return Rank: 34
TGCFX Sharpe Ratio Rank: 33
TGCFX Sortino Ratio Rank: 31
TGCFX Omega Ratio Rank: 22
TGCFX Calmar Ratio Rank: 55
TGCFX Martin Ratio Rank: 31

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.

TGCFX vs. TGHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Core Fixed Income Fund (TGCFX) 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.

	TGCFX	TGHYX	Difference
Sharpe ratio Return per unit of total volatility	0.83	—	—
Sortino ratio Return per unit of downside risk	1.20	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	1.48	—	—
Martin ratio Return relative to average drawdown	3.88	—	—
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

	TGCFX	TGHYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	—	—

Correlation

The correlation between TGCFX and TGHYX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TGCFX vs. TGHYX - Dividend Comparison

TGCFX's dividend yield for the trailing twelve months is around 4.11%, while TGHYX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TGCFX TCW Core Fixed Income Fund	4.11%	4.51%	4.34%	3.66%	2.22%	1.56%	4.14%	2.63%	2.57%	2.17%	2.95%	2.59%
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%

Drawdowns

Drawdown Indicators

	TGCFX	TGHYX	Difference
Max Drawdown Largest peak-to-trough decline	-19.37%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.37%	—	—
Current Drawdown Current decline from peak	-3.51%	—	—
Average Drawdown Average peak-to-trough decline	-3.61%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	—	—

Volatility

Volatility by Period

	TGCFX	TGHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.65%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.52%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.20%	—	—