TGLMX vs. EINFX
TGLMX (TCW Total Return Bond Fund) and EINFX (Elfun Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, TGLMX returned 1.31%/yr vs 1.07%/yr for EINFX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. TGLMX charges 0.49%/yr vs 0.29%/yr for EINFX.
Performance
TGLMX vs. EINFX - Performance Comparison
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Returns By Period
In the year-to-date period, TGLMX achieves a 0.59% return, which is significantly higher than EINFX's -1.00% return. Over the past 10 years, TGLMX has outperformed EINFX with an annualized return of 1.31%, while EINFX has yielded a comparatively lower 1.07% annualized return.
TGLMX
- 1D
- 0.00%
- 1M
- -0.91%
- 6M
- 0.04%
- YTD
- 0.59%
- 1Y
- 3.77%
- 3Y*
- 4.75%
- 5Y*
- -0.60%
- 10Y*
- 1.31%
- ALL TIME*
- 3.55%
EINFX
- 1D
- 0.00%
- 1M
- -1.14%
- 6M
- -1.18%
- YTD
- -1.00%
- 1Y
- 1.42%
- 3Y*
- 2.65%
- 5Y*
- -1.23%
- 10Y*
- 1.07%
- ALL TIME*
- 3.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
EINFX Elfun Income Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
TGLMX vs. EINFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGLMX TCW Total Return Bond Fund | 0.59% | 8.99% | 1.82% | 5.05% | -16.59% | -1.05% | 8.32% | 7.28% | 0.80% | 3.44% |
EINFX Elfun Income Fund | -1.00% | 7.35% | -0.73% | 4.75% | -13.82% | -1.57% | 7.81% | 9.51% | -0.86% | 3.91% |
Correlation
The correlation between TGLMX and EINFX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994 | 0.77 |
The correlation between TGLMX and EINFX shifts across timeframes, from 0.77 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TGLMX vs. EINFX — Risk / Return Rank
TGLMX
EINFX
TGLMX vs. EINFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Total Return Bond Fund (TGLMX) and Elfun Income Fund (EINFX). 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 | EINFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.12 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 0.80 | +1.04 |
| Martin ratioReturn relative to average drawdown | 4.83 | 1.93 | +2.90 |
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Drawdowns
TGLMX vs. EINFX - Drawdown Comparison
The maximum TGLMX drawdown since its inception was -22.26%, which is greater than EINFX's maximum drawdown of -19.78%. Use the drawdown chart below to compare losses from any high point for TGLMX and EINFX.
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Drawdown Indicators
| TGLMX | EINFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -19.78% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -3.40% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -7.20% | -6.96% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -19.78% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -22.26% | -19.78% | -2.48% |
Current DrawdownCurrent decline from peak | -3.36% | -6.24% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -3.58% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.40% | -0.40% |
Volatility
TGLMX vs. EINFX - Volatility Comparison
TCW Total Return Bond Fund (TGLMX) has a higher volatility of 1.03% compared to Elfun Income Fund (EINFX) at 0.95%. This indicates that TGLMX's price experiences larger fluctuations and is considered to be riskier than EINFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGLMX | EINFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.95% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 3.11% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.03% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 6.51% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 5.24% | +0.36% |
TGLMX vs. EINFX - Expense Ratio Comparison
TGLMX has a 0.49% expense ratio, which is higher than EINFX's 0.29% expense ratio.
Dividends
TGLMX vs. EINFX - Dividend Comparison
TGLMX's dividend yield for the trailing twelve months is around 6.07%, more than EINFX's 3.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINFX Elfun Income Fund | 3.57% | 3.84% | 3.04% | 2.76% | 4.09% | 3.31% | 3.15% | 2.78% | 2.88% | 2.42% | 3.34% | 2.87% |
TGLMX TCW Total Return Bond Fund | 6.07% | 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 0.91, TGLMX and EINFX 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 (1.03%) compared to EINFX (0.95%). In terms of maximum drawdown, TGLMX dropped -22.26% vs EINFX's -19.78%.
TGLMX currently has the higher Sharpe Ratio (1.16 vs 0.67), 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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