TGLMX vs. LMSMX
Compare and contrast key facts about TCW Total Return Bond Fund (TGLMX) and Western Asset SMASh Series M Fund (LMSMX).
TGLMX is managed by TCW. It was launched on Jun 17, 1993. LMSMX is managed by Legg Mason. It was launched on Dec 27, 2006.
Performance
TGLMX vs. LMSMX - Performance Comparison
Loading graphics...
TGLMX vs. LMSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGLMX TCW Total Return Bond Fund | 0.57% | 8.99% | 1.82% | 5.05% | -16.59% | -1.05% | 8.32% | 7.28% | 0.80% | 3.43% |
LMSMX Western Asset SMASh Series M Fund | 0.18% | 12.15% | -1.72% | 5.13% | -23.44% | -2.32% | 12.86% | 7.71% | 1.46% | 5.52% |
Returns By Period
In the year-to-date period, TGLMX achieves a 0.57% return, which is significantly higher than LMSMX's 0.18% return.
TGLMX
- 1D
- 0.52%
- 1M
- -1.89%
- YTD
- 0.57%
- 6M
- 1.95%
- 1Y
- 5.74%
- 3Y*
- 4.22%
- 5Y*
- -0.02%
- 10Y*
- 1.54%
LMSMX
- 1D
- 0.38%
- 1M
- -2.14%
- YTD
- 0.18%
- 6M
- 2.13%
- 1Y
- 7.23%
- 3Y*
- 3.73%
- 5Y*
- -1.80%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TGLMX vs. LMSMX - Expense Ratio Comparison
TGLMX has a 0.49% expense ratio, which is higher than LMSMX's 0.00% expense ratio.
Return for Risk
TGLMX vs. LMSMX — Risk / Return Rank
TGLMX
LMSMX
TGLMX vs. LMSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Total Return Bond Fund (TGLMX) and Western Asset SMASh Series M Fund (LMSMX). 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.
| TGLMX | LMSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.07 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.59 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.76 | +0.28 |
Martin ratioReturn relative to average drawdown | 6.03 | 5.92 | +0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TGLMX | LMSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.07 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | -0.17 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.16 | +0.24 |
Correlation
The correlation between TGLMX and LMSMX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TGLMX vs. LMSMX - Dividend Comparison
TGLMX's dividend yield for the trailing twelve months is around 6.39%, more than LMSMX's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGLMX TCW Total Return Bond Fund | 6.39% | 7.19% | 6.52% | 6.13% | 3.27% | 2.08% | 3.37% | 4.07% | 3.55% | 2.89% | 4.13% | 2.88% |
LMSMX Western Asset SMASh Series M Fund | 4.39% | 4.20% | 5.24% | 4.68% | 3.40% | 3.78% | 6.84% | 7.19% | 3.18% | 3.24% | 0.00% | 0.00% |
Drawdowns
TGLMX vs. LMSMX - Drawdown Comparison
The maximum TGLMX drawdown since its inception was -22.26%, smaller than the maximum LMSMX drawdown of -30.76%. Use the drawdown chart below to compare losses from any high point for TGLMX and LMSMX.
Loading graphics...
Drawdown Indicators
| TGLMX | LMSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -30.76% | +8.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -4.83% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -30.18% | +8.01% |
Max Drawdown (10Y)Largest decline over 10 years | -22.26% | — | — |
Current DrawdownCurrent decline from peak | -3.38% | -13.35% | +9.97% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -10.07% | +6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.44% | -0.33% |
Volatility
TGLMX vs. LMSMX - Volatility Comparison
TCW Total Return Bond Fund (TGLMX) has a higher volatility of 1.85% compared to Western Asset SMASh Series M Fund (LMSMX) at 1.51%. This indicates that TGLMX's price experiences larger fluctuations and is considered to be riskier than LMSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TGLMX | LMSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.51% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 2.45% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.02% | 6.95% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.03% | 10.39% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.57% | 8.22% | -2.65% |