TGHYX vs. TGDVX

Last updated Apr 2, 2026

Compare and contrast key facts about TCW High Yield Bond Fund (TGHYX) and TCW Relative Value Large Cap Fund (TGDVX).

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

Performance

TGHYX vs. TGDVX - Performance Comparison

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

TGHYX vs. TGDVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Returns By Period

TGHYX

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

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%

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

TGHYX vs. TGDVX - Expense Ratio Comparison

TGHYX has a 0.55% expense ratio, which is lower than TGDVX's 0.90% expense ratio.

TGDVX

TCW Relative Value Large Cap Fund

TGHYX

TCW High Yield Bond Fund

Return for Risk

TGHYX vs. TGDVX — 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

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.

TGHYX vs. TGDVX - Risk-Adjusted Trends Comparison

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TGHYX	TGDVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.07	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.38	—

Correlation

The correlation between TGHYX and TGDVX is 0.27, 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

TGHYX vs. TGDVX - Dividend Comparison

TGHYX has not paid dividends to shareholders, while TGDVX's dividend yield for the trailing twelve months is around 24.93%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Drawdowns

Drawdown Indicators

	TGHYX	TGDVX	Difference
Max Drawdown Largest peak-to-trough decline	—	-60.90%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.66%	—
Current Drawdown Current decline from peak	—	-5.67%	—
Average Drawdown Average peak-to-trough decline	—	-10.19%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.24%	—

Volatility

Volatility by Period

	TGHYX	TGDVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.08%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.84%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.38%	—