TGGBX vs. TGEIX
TGGBX (TCW Global Bond Fund) and TGEIX (TCW Emerging Markets Income Fund) are both mutual funds - TGGBX is a Global Bonds fund managed by TCW, while TGEIX is a Emerging Markets Bonds fund managed by TCW. Over the past 10 years, TGGBX returned 0.83%/yr vs 3.69%/yr for TGEIX. Their 0.43 correlation means their historical movements had little consistent relationship. TGGBX charges 0.60%/yr vs 0.85%/yr for TGEIX.
Performance
TGGBX vs. TGEIX - Performance Comparison
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Returns By Period
In the year-to-date period, TGGBX achieves a -0.72% return, which is significantly lower than TGEIX's 4.10% return. Over the past 10 years, TGGBX has underperformed TGEIX with an annualized return of 0.83%, while TGEIX has yielded a comparatively higher 3.69% annualized return.
TGGBX
- 1D
- 0.73%
- 1M
- -0.36%
- 6M
- -1.76%
- YTD
- -0.72%
- 1Y
- 1.14%
- 3Y*
- 3.75%
- 5Y*
- -1.67%
- 10Y*
- 0.83%
- ALL TIME*
- 1.47%
TGEIX
- 1D
- 0.00%
- 1M
- -0.71%
- 6M
- 2.25%
- YTD
- 4.10%
- 1Y
- 10.88%
- 3Y*
- 10.58%
- 5Y*
- 2.62%
- 10Y*
- 3.69%
- ALL TIME*
- 5.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
TGGBX TCW Global Bond Fund | $0.00 | $0.00 | $0.00 |
TGGBX vs. TGEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGGBX TCW Global Bond Fund | -0.72% | 10.17% | -2.27% | 7.01% | -17.09% | -4.71% | 12.29% | 8.36% | -1.75% | 6.02% |
TGEIX TCW Emerging Markets Income Fund | 4.10% | 14.59% | 7.33% | 12.10% | -17.54% | -5.07% | 5.13% | 15.86% | -6.16% | 11.40% |
Correlation
The correlation between TGGBX and TGEIX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.43 |
The correlation between TGGBX and TGEIX shifts across timeframes, from 0.43 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TGGBX vs. TGEIX — Risk / Return Rank
TGGBX
TGEIX
TGGBX vs. TGEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Global Bond Fund (TGGBX) and TCW Emerging Markets Income Fund (TGEIX). 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.
| TGGBX | TGEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.54 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.45 | -2.00 |
| Martin ratioReturn relative to average drawdown | 1.00 | 10.91 | -9.91 |
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Drawdowns
TGGBX vs. TGEIX - Drawdown Comparison
The maximum TGGBX drawdown since its inception was -27.37%, smaller than the maximum TGEIX drawdown of -46.33%. Use the drawdown chart below to compare losses from any high point for TGGBX and TGEIX.
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Drawdown Indicators
| TGGBX | TGEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.37% | -46.33% | +18.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -4.56% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -8.55% | -5.62% | -2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -26.13% | -29.53% | +3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -27.37% | -29.74% | +2.37% |
Current DrawdownCurrent decline from peak | -9.80% | -1.05% | -8.75% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -7.20% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.02% | +0.85% |
Volatility
TGGBX vs. TGEIX - Volatility Comparison
TCW Global Bond Fund (TGGBX) has a higher volatility of 1.46% compared to TCW Emerging Markets Income Fund (TGEIX) at 0.88%. This indicates that TGGBX's price experiences larger fluctuations and is considered to be riskier than TGEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGGBX | TGEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.88% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 3.54% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.15% | 4.35% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.84% | 6.65% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 7.69% | -1.88% |
TGGBX vs. TGEIX - Expense Ratio Comparison
TGGBX has a 0.60% expense ratio, which is lower than TGEIX's 0.85% expense ratio.
Dividends
TGGBX vs. TGEIX - Dividend Comparison
TGGBX's dividend yield for the trailing twelve months is around 3.97%, less than TGEIX's 5.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGEIX TCW Emerging Markets Income Fund | 5.77% | 6.12% | 6.67% | 5.23% | 5.07% | 4.88% | 4.00% | 4.92% | 4.59% | 5.47% | 5.16% | 5.33% |
TGGBX TCW Global Bond Fund | 3.97% | 4.12% | 2.99% | 3.65% | 1.97% | 1.93% | 3.70% | 4.18% | 0.50% | 1.88% | 2.91% | 2.25% |
Frequently Asked Questions
TGGBX and TGEIX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGGBX has higher volatility (1.46%) compared to TGEIX (0.88%). In terms of maximum drawdown, TGGBX dropped -27.37% vs TGEIX's -46.33%.
TGEIX currently has the higher Sharpe Ratio (2.56 vs 0.36), 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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