TGLMX vs. DLFNX
TGLMX (TCW Total Return Bond Fund) and DLFNX (DoubleLine Core Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, TGLMX returned 1.52%/yr vs 1.78%/yr for DLFNX. Their correlation of 0.85 suggests significant overlap in exposure. TGLMX charges 0.49%/yr vs 0.73%/yr for DLFNX.
Performance
TGLMX vs. DLFNX - Performance Comparison
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Returns By Period
In the year-to-date period, TGLMX achieves a 1.65% return, which is significantly higher than DLFNX's 0.24% return. Over the past 10 years, TGLMX has underperformed DLFNX with an annualized return of 1.52%, while DLFNX has yielded a comparatively higher 1.78% annualized return.
TGLMX
- 1D
- 0.26%
- 1M
- 1.44%
- YTD
- 1.65%
- 6M
- 1.81%
- 1Y
- 6.88%
- 3Y*
- 4.86%
- 5Y*
- -0.11%
- 10Y*
- 1.52%
DLFNX
- 1D
- 0.22%
- 1M
- 1.34%
- YTD
- 0.24%
- 6M
- 0.36%
- 1Y
- 4.48%
- 3Y*
- 4.44%
- 5Y*
- 0.42%
- 10Y*
- 1.78%
TGLMX vs. DLFNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGLMX TCW Total Return Bond Fund | 1.65% | 8.99% | 1.82% | 5.05% | -16.59% | -1.05% | 8.32% | 7.28% | 0.80% | 3.44% |
DLFNX DoubleLine Core Fixed Income Fund | 0.24% | 7.28% | 2.77% | 6.18% | -13.08% | -0.50% | 5.25% | 7.82% | -0.27% | 4.41% |
Correlation
The correlation between TGLMX and DLFNX is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2010 | 0.85 |
The correlation between TGLMX and DLFNX has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.
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Return for Risk
TGLMX vs. DLFNX — Risk / Return Rank
TGLMX
DLFNX
TGLMX vs. DLFNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Total Return Bond Fund (TGLMX) and DoubleLine Core Fixed Income Fund (DLFNX). 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.
| TGLMX | DLFNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.63 | +1.15 |
| Martin ratioReturn relative to average drawdown | 8.08 | 4.63 | +3.45 |
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Drawdowns
TGLMX vs. DLFNX - Drawdown Comparison
The maximum TGLMX drawdown since its inception was -22.26%, which is greater than DLFNX's maximum drawdown of -17.33%. Use the drawdown chart below to compare losses from any high point for TGLMX and DLFNX.
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Drawdown Indicators
| TGLMX | DLFNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -17.33% | -4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -2.96% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -8.56% | -6.01% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -17.33% | -4.84% |
Max Drawdown (10Y)Largest decline over 10 years | -22.26% | -17.33% | -4.93% |
Current DrawdownCurrent decline from peak | -2.35% | -1.34% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -2.73% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.04% | -0.14% |
Volatility
TGLMX vs. DLFNX - Volatility Comparison
TCW Total Return Bond Fund (TGLMX) and DoubleLine Core Fixed Income Fund (DLFNX) have volatilities of 1.27% and 1.26%, 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.
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Volatility by Period
| TGLMX | DLFNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.26% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 2.73% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 3.62% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 5.25% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 4.30% | +1.30% |
TGLMX vs. DLFNX - Expense Ratio Comparison
TGLMX has a 0.49% expense ratio, which is lower than DLFNX's 0.73% expense ratio.
Dividends
TGLMX vs. DLFNX - Dividend Comparison
TGLMX's dividend yield for the trailing twelve months is around 6.72%, more than DLFNX's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLFNX DoubleLine Core Fixed Income Fund | 4.54% | 4.62% | 4.96% | 4.41% | 3.72% | 2.87% | 2.92% | 3.17% | 3.10% | 2.65% | 2.71% | 3.34% |
TGLMX TCW Total Return Bond Fund | 6.72% | 7.19% | 6.52% | 6.13% | 3.27% | 2.08% | 3.37% | 4.07% | 3.55% | 2.89% | 4.13% | 2.88% |
Frequently Asked Questions
With a correlation of 0.92, TGLMX and DLFNX 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.
TGLMX has higher volatility (1.27%) compared to DLFNX (1.26%). In terms of maximum drawdown, TGLMX dropped -22.26% vs DLFNX's -17.33%.
TGLMX currently has the higher Sharpe Ratio (1.73 vs 1.34), 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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