TGDVX vs. TGCEX

Last updated Apr 2, 2026

Compare and contrast key facts about TCW Relative Value Large Cap Fund (TGDVX) and TCW Select Equities Fund (TGCEX).

TGDVX is managed by TCW. It was launched on Dec 31, 1997. TGCEX is managed by TCW. It was launched on Feb 26, 1993.

Performance

TGDVX vs. TGCEX - Performance Comparison

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

TGDVX vs. TGCEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGDVX TCW Relative Value Large Cap Fund	0.07%	19.17%	18.29%	16.05%	-6.98%	29.16%	6.30%	25.79%	-17.00%	15.02%
TGCEX TCW Select Equities Fund	-11.75%	10.77%	30.65%	44.34%	-36.51%	25.84%	39.32%	36.03%	2.42%	32.85%

Returns By Period

In the year-to-date period, TGDVX achieves a 0.07% return, which is significantly higher than TGCEX's -11.75% return. Over the past 10 years, TGDVX has underperformed TGCEX with an annualized return of 11.06%, while TGCEX has yielded a comparatively higher 14.14% annualized return.

TGDVX

• 1D: 2.28%
• 1M: -4.82%
• YTD: 0.07%
• 6M: 3.81%
• 1Y: 19.02%
• 3Y*: 16.75%
• 5Y*: 11.09%
• 10Y*: 11.06%

TGCEX

• 1D: 3.48%
• 1M: -5.54%
• YTD: -11.75%
• 6M: -13.25%
• 1Y: 6.48%
• 3Y*: 17.41%
• 5Y*: 7.59%
• 10Y*: 14.14%

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

TGDVX vs. TGCEX - Expense Ratio Comparison

TGDVX has a 0.90% expense ratio, which is higher than TGCEX's 0.77% expense ratio.

TGDVX

TCW Relative Value Large Cap Fund

TGCEX

TCW Select Equities Fund

Return for Risk

TGDVX vs. TGCEX — Risk / Return Rank

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

TGDVX

TGDVX Risk / Return Rank: 53
TGDVX Sharpe Ratio Rank: 51
TGDVX Sortino Ratio Rank: 49
TGDVX Omega Ratio Rank: 56
TGDVX Calmar Ratio Rank: 51
TGDVX Martin Ratio Rank: 57

TGCEX

TGCEX Risk / Return Rank: 10
TGCEX Sharpe Ratio Rank: 10
TGCEX Sortino Ratio Rank: 11
TGCEX Omega Ratio Rank: 10
TGCEX Calmar Ratio Rank: 10
TGCEX Martin Ratio Rank: 9

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. TGCEX - Risk-Adjusted Trends Comparison

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

	TGDVX	TGCEX	Difference
Sharpe ratio Return per unit of total volatility	1.07	0.33	+0.74
Sortino ratio Return per unit of downside risk	1.51	0.66	+0.86
Omega ratio Gain probability vs. loss probability	1.24	1.09	+0.15
Calmar ratio Return relative to maximum drawdown	1.44	0.37	+1.07
Martin ratio Return relative to average drawdown	6.22	1.14	+5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGDVX vs. TGCEX - Sharpe Ratio Comparison

The current TGDVX Sharpe Ratio is 1.07, which is higher than the TGCEX Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of TGDVX and TGCEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TGDVX	TGCEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	0.33	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.33	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.63	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.35	+0.03

Correlation

The correlation between TGDVX and TGCEX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TGDVX vs. TGCEX - Dividend Comparison

TGDVX's dividend yield for the trailing twelve months is around 24.93%, more than TGCEX's 14.26% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TGDVX TCW Relative Value Large Cap Fund	24.93%	24.95%	6.80%	4.56%	6.93%	8.25%	8.40%	60.34%	14.36%	16.19%	6.77%	5.35%
TGCEX TCW Select Equities Fund	14.26%	12.58%	15.71%	12.24%	20.14%	12.87%	7.11%	9.06%	16.70%	26.37%	6.68%	7.52%

Drawdowns

TGDVX vs. TGCEX - Drawdown Comparison

The maximum TGDVX drawdown since its inception was -60.90%, roughly equal to the maximum TGCEX drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for TGDVX and TGCEX.

Drawdown Indicators

	TGDVX	TGCEX	Difference
Max Drawdown Largest peak-to-trough decline	-60.90%	-63.61%	+2.71%
Max Drawdown (1Y) Largest decline over 1 year	-14.01%	-20.31%	+6.30%
Max Drawdown (5Y) Largest decline over 5 years	-21.40%	-42.96%	+21.56%
Max Drawdown (10Y) Largest decline over 10 years	-42.66%	-42.96%	+0.30%
Current Drawdown Current decline from peak	-5.67%	-17.53%	+11.86%
Average Drawdown Average peak-to-trough decline	-10.19%	-16.74%	+6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	6.55%	-3.31%

Volatility

TGDVX vs. TGCEX - Volatility Comparison

The current volatility for TCW Relative Value Large Cap Fund (TGDVX) is 4.73%, while TCW Select Equities Fund (TGCEX) has a volatility of 6.76%. This indicates that TGDVX 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.

Volatility by Period

	TGDVX	TGCEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	6.76%	-2.03%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	13.01%	-3.58%
Volatility (1Y) Calculated over the trailing 1-year period	18.08%	22.57%	-4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.84%	23.15%	-6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.38%	22.50%	-3.12%