TGDVX vs. TSI
TGDVX (TCW Relative Value Large Cap Fund) and TSI (TCW Strategic Income Fund Inc.) are both mutual funds - TGDVX is a Large Cap Value Equities fund managed by TCW, while TSI is a Multisector Bonds fund managed by TCW. Over the past 10 years, TGDVX returned 11.87%/yr vs 4.76%/yr for TSI. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
TGDVX vs. TSI - Performance Comparison
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Returns By Period
In the year-to-date period, TGDVX achieves a 13.12% return, which is significantly higher than TSI's -7.20% return. Over the past 10 years, TGDVX has outperformed TSI with an annualized return of 11.87%, while TSI has yielded a comparatively lower 4.76% annualized return.
TGDVX
- 1D
- 0.18%
- 1M
- 2.14%
- 6M
- 10.43%
- YTD
- 13.12%
- 1Y
- 24.35%
- 3Y*
- 18.49%
- 5Y*
- 13.36%
- 10Y*
- 11.87%
- ALL TIME*
- 7.99%
TSI
- 1D
- 0.46%
- 1M
- -0.71%
- 6M
- -5.70%
- YTD
- -7.20%
- 1Y
- -2.06%
- 3Y*
- 5.85%
- 5Y*
- 1.80%
- 10Y*
- 4.76%
- ALL TIME*
- 9.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $572.30K | $535.60K | $539.45K |
TGDVX vs. TSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGDVX TCW Relative Value Large Cap Fund | 13.12% | 19.17% | 18.29% | 16.05% | -6.98% | 29.16% | 6.30% | 25.79% | -17.00% | 15.02% |
TSI TCW Strategic Income Fund Inc. | -7.20% | 9.72% | 13.45% | 7.13% | -14.33% | 8.08% | 3.77% | 17.97% | -3.83% | 16.42% |
Correlation
The correlation between TGDVX and TSI is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.19 |
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Return for Risk
TGDVX vs. TSI — Risk / Return Rank
TGDVX
TSI
TGDVX vs. TSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Relative Value Large Cap Fund (TGDVX) 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.
| TGDVX | TSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.96 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | -0.25 | +3.42 |
| Martin ratioReturn relative to average drawdown | 11.97 | -0.50 | +12.47 |
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Drawdowns
TGDVX vs. TSI - Drawdown Comparison
The maximum TGDVX drawdown since its inception was -60.90%, roughly equal to the maximum TSI drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for TGDVX and TSI.
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Drawdown Indicators
| TGDVX | TSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.90% | -60.35% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.78% | -8.30% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | -8.30% | -10.93% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -18.56% | -2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -42.66% | -30.00% | -12.66% |
Current DrawdownCurrent decline from peak | -0.18% | -7.23% | +7.05% |
Average DrawdownAverage peak-to-trough decline | -10.09% | -7.69% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 4.15% | -2.09% |
Volatility
TGDVX vs. TSI - Volatility Comparison
The current volatility for TCW Relative Value Large Cap Fund (TGDVX) is 1.78%, while TCW Strategic Income Fund Inc. (TSI) has a volatility of 2.18%. This indicates that TGDVX experiences smaller price fluctuations and is considered to be less risky 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
| TGDVX | TSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 2.18% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 7.13% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 8.41% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 10.83% | +5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 14.04% | +5.23% |
Dividends
TGDVX vs. TSI - Dividend Comparison
TGDVX's dividend yield for the trailing twelve months is around 22.05%, more than TSI's 8.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGDVX TCW Relative Value Large Cap Fund | 22.05% | 24.95% | 6.80% | 4.56% | 6.93% | 8.25% | 8.40% | 60.34% | 14.36% | 16.19% | 6.77% | 5.35% |
TSI TCW Strategic Income Fund Inc. | 8.46% | 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
TGDVX and TSI have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSI has higher volatility (2.18%) compared to TGDVX (1.78%). In terms of maximum drawdown, TGDVX dropped -60.90% vs TSI's -60.35%.
TGDVX currently has the higher Sharpe Ratio (2.04 vs -0.25), 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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