TGPCX vs. TGGBX
Compare and contrast key facts about TCW Conservative Allocation Fund (TGPCX) and TCW Global Bond Fund (TGGBX).
TGPCX is managed by TCW. It was launched on Nov 15, 2006. TGGBX is managed by TCW. It was launched on Nov 29, 2011.
Performance
TGPCX vs. TGGBX - Performance Comparison
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TGPCX vs. TGGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGPCX TCW Conservative Allocation Fund | -0.42% | 9.17% | 4.10% | 16.54% | -15.22% | 8.45% | 14.24% | 14.83% | -3.10% | 8.83% |
TGGBX TCW Global Bond Fund | -1.43% | 10.17% | -2.27% | 7.01% | -17.09% | -4.71% | 12.29% | 8.36% | -1.75% | 6.02% |
Returns By Period
In the year-to-date period, TGPCX achieves a -0.42% return, which is significantly higher than TGGBX's -1.43% return. Over the past 10 years, TGPCX has outperformed TGGBX with an annualized return of 5.46%, while TGGBX has yielded a comparatively lower 1.02% annualized return.
TGPCX
- 1D
- 1.11%
- 1M
- -2.88%
- YTD
- -0.42%
- 6M
- 0.39%
- 1Y
- 6.37%
- 3Y*
- 8.32%
- 5Y*
- 3.58%
- 10Y*
- 5.46%
TGGBX
- 1D
- 0.24%
- 1M
- -2.80%
- YTD
- -1.43%
- 6M
- -1.31%
- 1Y
- 4.43%
- 3Y*
- 3.16%
- 5Y*
- -1.29%
- 10Y*
- 1.02%
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TGPCX vs. TGGBX - Expense Ratio Comparison
TGPCX has a 0.41% expense ratio, which is lower than TGGBX's 0.60% expense ratio.
Return for Risk
TGPCX vs. TGGBX — Risk / Return Rank
TGPCX
TGGBX
TGPCX vs. TGGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Conservative Allocation Fund (TGPCX) and TCW Global Bond Fund (TGGBX). 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.
| TGPCX | TGGBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.89 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.33 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.15 | +0.41 |
Martin ratioReturn relative to average drawdown | 5.91 | 4.11 | +1.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TGPCX | TGGBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.89 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | -0.19 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.18 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.28 | +0.40 |
Correlation
The correlation between TGPCX and TGGBX is 0.29, 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
TGPCX vs. TGGBX - Dividend Comparison
TGPCX's dividend yield for the trailing twelve months is around 4.60%, more than TGGBX's 3.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGPCX TCW Conservative Allocation Fund | 4.60% | 4.58% | 7.42% | 3.00% | 4.86% | 9.89% | 1.47% | 7.04% | 6.71% | 4.24% | 6.84% | 3.94% |
TGGBX TCW Global Bond Fund | 3.96% | 4.12% | 2.99% | 3.65% | 1.97% | 1.93% | 3.70% | 4.18% | 0.50% | 1.88% | 2.91% | 2.25% |
Drawdowns
TGPCX vs. TGGBX - Drawdown Comparison
The maximum TGPCX drawdown since its inception was -21.03%, smaller than the maximum TGGBX drawdown of -27.37%. Use the drawdown chart below to compare losses from any high point for TGPCX and TGGBX.
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Drawdown Indicators
| TGPCX | TGGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.03% | -27.37% | +6.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -4.16% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -20.27% | -26.20% | +5.93% |
Max Drawdown (10Y)Largest decline over 10 years | -20.27% | -27.37% | +7.10% |
Current DrawdownCurrent decline from peak | -3.28% | -10.44% | +7.16% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -6.44% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.17% | +0.02% |
Volatility
TGPCX vs. TGGBX - Volatility Comparison
TCW Conservative Allocation Fund (TGPCX) has a higher volatility of 2.67% compared to TCW Global Bond Fund (TGGBX) at 2.10%. This indicates that TGPCX's price experiences larger fluctuations and is considered to be riskier than TGGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGPCX | TGGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.10% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 3.26% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.54% | 5.41% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.90% | 6.71% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 5.75% | +1.90% |