TGDVX vs. MALVX

Last updated Jun 20, 2026

TGDVX (TCW Relative Value Large Cap Fund) and MALVX (BlackRock Advantage Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, TGDVX returned 12.27%/yr vs 12.91%/yr for MALVX. Their correlation of 0.92 suggests significant overlap in exposure. TGDVX charges 0.90%/yr vs 0.54%/yr for MALVX.

Performance

TGDVX vs. MALVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Relative Value Large Cap Fund (TGDVX) and BlackRock Advantage Large Cap Value Fund (MALVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TGDVX achieves a 11.36% return, which is significantly lower than MALVX's 18.54% return. Over the past 10 years, TGDVX has underperformed MALVX with an annualized return of 12.27%, while MALVX has yielded a comparatively higher 12.91% annualized return.

TGDVX

• 1D: 0.18%
• 1M: 0.61%
• YTD: 11.36%
• 6M: 11.57%
• 1Y: 29.36%
• 3Y*: 19.73%
• 5Y*: 13.70%
• 10Y*: 12.27%

MALVX

• 1D: 0.70%
• 1M: 4.35%
• YTD: 18.54%
• 6M: 18.95%
• 1Y: 36.37%
• 3Y*: 20.62%
• 5Y*: 13.20%
• 10Y*: 12.91%

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

TGDVX vs. MALVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGDVX TCW Relative Value Large Cap Fund	11.36%	19.17%	18.29%	16.05%	-6.98%	29.16%	6.30%	25.79%	-17.00%	15.02%
MALVX BlackRock Advantage Large Cap Value Fund	18.54%	18.38%	15.39%	13.74%	-8.68%	26.51%	3.91%	24.74%	-7.74%	15.82%

Correlation

The correlation between TGDVX and MALVX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 22, 1999	0.92

The correlation between TGDVX and MALVX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

TGDVX vs. MALVX — Risk / Return Rank

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

TGDVX

TGDVX Risk / Return Rank: 80
TGDVX Sharpe Ratio Rank: 81
TGDVX Sortino Ratio Rank: 78
TGDVX Omega Ratio Rank: 73
TGDVX Calmar Ratio Rank: 86
TGDVX Martin Ratio Rank: 84

MALVX

MALVX Risk / Return Rank: 95
MALVX Sharpe Ratio Rank: 97
MALVX Sortino Ratio Rank: 94
MALVX Omega Ratio Rank: 90
MALVX Calmar Ratio Rank: 96
MALVX Martin Ratio Rank: 97

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.

TGDVX vs. MALVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Relative Value Large Cap Fund (TGDVX) and BlackRock Advantage Large Cap Value Fund (MALVX). 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.

	TGDVX	MALVX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	3.29	-0.87
Sortino ratio: Return per unit of downside risk	3.37	4.58	-1.21
Omega ratio: Gain probability vs. loss probability	1.43	1.60	-0.17
Calmar ratio: Return relative to maximum drawdown	3.80	5.61	-1.81
Martin ratio: Return relative to average drawdown	14.38	25.40	-11.02

TGDVX vs. MALVX - Sharpe Ratio Comparison

The current TGDVX Sharpe Ratio is 2.42, which is comparable to the MALVX Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of TGDVX and MALVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TGDVX vs. MALVX - Drawdown Comparison

The maximum TGDVX drawdown since its inception was -60.90%, which is greater than MALVX's maximum drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for TGDVX and MALVX.

Drawdown Indicators

	TGDVX	MALVX	Difference
Max Drawdown Largest peak-to-trough decline	-60.90%	-55.21%	-5.69%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	-6.53%	-1.25%
Max Drawdown (3Y) Largest decline over 3 years	-19.23%	-16.13%	-3.10%
Max Drawdown (5Y) Largest decline over 5 years	-21.40%	-19.73%	-1.67%
Max Drawdown (10Y) Largest decline over 10 years	-42.66%	-37.12%	-5.54%
Current Drawdown Current decline from peak	-1.73%	-0.46%	-1.27%
Average Drawdown Average peak-to-trough decline	-10.12%	-8.74%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	1.44%	+0.61%

Volatility

TGDVX vs. MALVX - Volatility Comparison

TCW Relative Value Large Cap Fund (TGDVX) and BlackRock Advantage Large Cap Value Fund (MALVX) have volatilities of 3.97% and 4.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGDVX	MALVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	4.15%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	8.79%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.23%	11.12%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.83%	14.83%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	17.33%	+2.06%

TGDVX vs. MALVX - Expense Ratio Comparison

TGDVX has a 0.90% expense ratio, which is higher than MALVX's 0.54% expense ratio.

Dividends

TGDVX vs. MALVX - Dividend Comparison

TGDVX's dividend yield for the trailing twelve months is around 22.40%, more than MALVX's 7.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MALVX BlackRock Advantage Large Cap Value Fund	7.78%	9.23%	14.33%	2.84%	5.96%	17.48%	1.68%	3.92%	12.95%	0.43%	1.38%	1.01%
TGDVX TCW Relative Value Large Cap Fund	22.40%	24.95%	6.80%	4.56%	6.93%	8.25%	8.40%	60.34%	14.36%	16.19%	6.77%	5.35%

Frequently Asked Questions

Can I hold both TGDVX and MALVX in my portfolio?

With a correlation of 0.90, TGDVX and MALVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TGDVX or MALVX?

MALVX has higher volatility (4.15%) compared to TGDVX (3.97%). In terms of maximum drawdown, TGDVX dropped -60.90% vs MALVX's -55.21%.

Which has better risk-adjusted returns?

MALVX currently has the higher Sharpe Ratio (3.29 vs 2.42), 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.