TGPCX vs. TGCEX
TGPCX (TCW Conservative Allocation Fund) and TGCEX (TCW Select Equities Fund) are both mutual funds - TGPCX is a Diversified Portfolio fund managed by TCW, while TGCEX is a Large Cap Growth Equities fund managed by TCW. Over the past 10 years, TGPCX returned 5.51%/yr vs 14.83%/yr for TGCEX. Their correlation of 0.84 means they have usually moved in the same direction. TGPCX charges 0.41%/yr vs 0.77%/yr for TGCEX.
Performance
TGPCX vs. TGCEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TGPCX achieves a 2.96% return, which is significantly higher than TGCEX's 0.07% return. Over the past 10 years, TGPCX has underperformed TGCEX with an annualized return of 5.51%, while TGCEX has yielded a comparatively higher 14.83% annualized return.
TGPCX
- 1D
- 0.99%
- 1M
- -1.14%
- 6M
- 1.67%
- YTD
- 2.96%
- 1Y
- 6.31%
- 3Y*
- 8.01%
- 5Y*
- 3.25%
- 10Y*
- 5.51%
- ALL TIME*
- 5.43%
TGCEX
- 1D
- 2.15%
- 1M
- -1.25%
- 6M
- 1.42%
- YTD
- 0.07%
- 1Y
- 1.96%
- 3Y*
- 16.21%
- 5Y*
- 6.75%
- 10Y*
- 14.83%
- ALL TIME*
- 8.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TGPCX vs. TGCEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGPCX TCW Conservative Allocation Fund | 2.96% | 9.17% | 4.10% | 16.54% | -15.22% | 8.45% | 14.24% | 14.83% | -3.10% | 8.83% |
TGCEX TCW Select Equities Fund | 0.07% | 10.77% | 30.65% | 44.34% | -36.51% | 25.84% | 39.32% | 36.03% | 2.42% | 32.85% |
Correlation
The correlation between TGPCX and TGCEX is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2006 | 0.85 |
The correlation between TGPCX and TGCEX shifts across timeframes, from 0.65 (3 years) to 0.84 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TGPCX vs. TGCEX — Risk / Return Rank
TGPCX
TGCEX
TGPCX vs. TGCEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Conservative Allocation Fund (TGPCX) and TCW Select Equities Fund (TGCEX). 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.
| TGPCX | TGCEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.01 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | -0.01 | +1.42 |
| Martin ratioReturn relative to average drawdown | 5.36 | -0.02 | +5.38 |
Loading charts...
Drawdowns
TGPCX vs. TGCEX - Drawdown Comparison
The maximum TGPCX drawdown since its inception was -21.03%, smaller than the maximum TGCEX drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for TGPCX and TGCEX.
Loading charts...
Drawdown Indicators
| TGPCX | TGCEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.03% | -63.61% | +42.58% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -20.31% | +15.88% |
Max Drawdown (3Y)Largest decline over 3 years | -6.04% | -22.62% | +16.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.27% | -42.96% | +22.69% |
Max Drawdown (10Y)Largest decline over 10 years | -20.27% | -42.96% | +22.69% |
Current DrawdownCurrent decline from peak | -2.09% | -6.50% | +4.41% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -16.64% | +13.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 7.58% | -6.42% |
Volatility
TGPCX vs. TGCEX - Volatility Comparison
The current volatility for TCW Conservative Allocation Fund (TGPCX) is 2.09%, while TCW Select Equities Fund (TGCEX) has a volatility of 4.71%. This indicates that TGPCX experiences smaller price fluctuations and is considered to be less risky than TGCEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TGPCX | TGCEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 4.71% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 5.31% | 13.97% | -8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.16% | 17.67% | -11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.02% | 23.29% | -15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 22.57% | -14.84% |
TGPCX vs. TGCEX - Expense Ratio Comparison
TGPCX has a 0.41% expense ratio, which is lower than TGCEX's 0.77% expense ratio.
Dividends
TGPCX vs. TGCEX - Dividend Comparison
TGPCX's dividend yield for the trailing twelve months is around 4.45%, less than TGCEX's 12.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGCEX TCW Select Equities Fund | 12.58% | 12.58% | 15.71% | 12.24% | 20.14% | 12.87% | 7.11% | 9.06% | 16.70% | 26.37% | 6.68% | 7.52% |
TGPCX TCW Conservative Allocation Fund | 4.45% | 4.58% | 7.42% | 3.00% | 4.86% | 9.89% | 1.47% | 7.04% | 6.71% | 4.24% | 6.84% | 3.94% |
Frequently Asked Questions
TGPCX and TGCEX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGCEX has higher volatility (4.71%) compared to TGPCX (2.09%). In terms of maximum drawdown, TGPCX dropped -21.03% vs TGCEX's -63.61%.
TGPCX currently has the higher Sharpe Ratio (1.01 vs -0.01), 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.
Find the right allocation for TGPCX and TGCEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer