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TGPCX vs. TSI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TGPCX vs. TSI

Last updated Jun 18, 2026

TGPCX (TCW Conservative Allocation Fund) and TSI (TCW Strategic Income Fund Inc.) are both mutual funds - TGPCX is a Diversified Portfolio fund managed by TCW, while TSI is a Multisector Bonds fund managed by TCW. Over the past 10 years, TGPCX returned 5.96%/yr vs 5.10%/yr for TSI. At a 0.18 correlation, their price movements are largely independent.

Performance

TGPCX vs. TSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Conservative Allocation Fund (TGPCX) and TCW Strategic Income Fund Inc. (TSI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TGPCX achieves a 4.90% return, which is significantly higher than TSI's -6.74% return. Over the past 10 years, TGPCX has outperformed TSI with an annualized return of 5.96%, while TSI has yielded a comparatively lower 5.10% annualized return.

TGPCX

1D
-0.16%
1M
1.97%
YTD
4.90%
6M
5.50%
1Y
9.96%
3Y*
9.21%
5Y*
4.03%
10Y*
5.96%

TSI

1D
-0.45%
1M
-1.14%
YTD
-6.74%
6M
-4.24%
1Y
-1.29%
3Y*
6.86%
5Y*
2.24%
10Y*
5.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TGPCX vs. TSI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TGPCX
TCW Conservative Allocation Fund		4.90%9.17%4.10%16.54%-15.22%8.45%14.24%14.83%-3.10%8.83%
TSI
TCW Strategic Income Fund Inc.		-6.74%9.72%13.45%7.13%-14.33%8.08%3.77%17.97%-3.83%16.42%

Correlation

The correlation between TGPCX and TSI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Nov 17, 2006

0.18

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TCW Conservative Allocation Fund

TCW Strategic Income Fund Inc.

Often compared with TGPCX:
TGPCX vs. HCVAXTGPCX vs. TGGBXTGPCX vs. TGEIXTGPCX vs. TGHYXTGPCX vs. TGCEXTGPCX vs. TGDVXTGPCX vs. TGCFX
Often compared with TSI:
TSI vs. SDIVTSI vs. TGDVXTSI vs. JMMTSI vs. HFSITSI vs. PGHYTSI vs. VZTSI vs. EVG

Return for Risk

TGPCX vs. TSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TGPCX
TGPCX Risk / Return Rank: 4141
Overall Rank
TGPCX Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
TGPCX Sortino Ratio Rank: 4040
Sortino Ratio Rank
TGPCX Omega Ratio Rank: 4141
Omega Ratio Rank
TGPCX Calmar Ratio Rank: 3939
Calmar Ratio Rank
TGPCX Martin Ratio Rank: 4747
Martin Ratio Rank
TSI
TSI Risk / Return Rank: 22
Overall Rank
TSI Sharpe Ratio Rank: 22
Sharpe Ratio Rank
TSI Sortino Ratio Rank: 22
Sortino Ratio Rank
TSI Omega Ratio Rank: 22
Omega Ratio Rank
TSI Calmar Ratio Rank: 22
Calmar Ratio Rank
TSI Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TGPCX vs. TSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Conservative Allocation Fund (TGPCX) and TCW Strategic Income Fund Inc. (TSI). 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.

TGPCXTSIDifference
Sharpe ratioReturn per unit of total volatility
1.72
-0.15

+1.87

Sortino ratioReturn per unit of downside risk
2.46
-0.15

+2.61

Omega ratioGain probability vs. loss probability

1.32

0.98

+0.34

Calmar ratioReturn relative to maximum drawdown

2.26

-0.16

+2.41

Martin ratioReturn relative to average drawdown

9.26

-0.37

+9.63

TGPCX vs. TSI - Sharpe Ratio Comparison

The current TGPCX Sharpe Ratio is 1.72, which is higher than the TSI Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of TGPCX and TSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TGPCX vs. TSI - Drawdown Comparison

The maximum TGPCX drawdown since its inception was -21.03%, smaller than the maximum TSI drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for TGPCX and TSI.

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Drawdown Indicators

TGPCXTSIDifference

Max Drawdown

Largest peak-to-trough decline

-21.03%

-60.35%

+39.32%

Max Drawdown (1Y)

Largest decline over 1 year

-4.43%

-8.30%

+3.87%

Max Drawdown (3Y)

Largest decline over 3 years

-7.12%

-8.30%

+1.18%

Max Drawdown (5Y)

Largest decline over 5 years

-20.27%

-18.56%

-1.71%

Max Drawdown (10Y)

Largest decline over 10 years

-20.27%

-30.00%

+9.73%

Current Drawdown

Current decline from peak

-0.24%

-6.78%

+6.54%

Average Drawdown

Average peak-to-trough decline

-3.13%

-7.69%

+4.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.08%

3.54%

-2.46%

Volatility

TGPCX vs. TSI - Volatility Comparison

TCW Conservative Allocation Fund (TGPCX) has a higher volatility of 2.51% compared to TCW Strategic Income Fund Inc. (TSI) at 1.64%. This indicates that TGPCX's price experiences larger fluctuations and is considered to be riskier than TSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TGPCXTSIDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.51%

1.64%

+0.87%

Volatility (6M)

Calculated over the trailing 6-month period

4.87%

7.31%

-2.44%

Volatility (1Y)

Calculated over the trailing 1-year period

5.83%

8.40%

-2.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.97%

10.89%

-2.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.72%

14.03%

-6.31%

Dividends

TGPCX vs. TSI - Dividend Comparison

TGPCX's dividend yield for the trailing twelve months is around 4.37%, less than TSI's 9.19% yield.

PositionTTM20252024202320222021202020192018201720162015
TGPCX
TCW Conservative Allocation Fund		4.37%4.58%7.42%3.00%4.86%9.89%1.47%7.04%6.71%4.24%6.84%3.94%
TSI
TCW Strategic Income Fund Inc.		9.19%6.58%8.00%7.73%7.00%6.36%4.83%7.39%7.07%5.36%5.21%4.08%

Frequently Asked Questions

TGPCX and TSI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TGPCX has higher volatility (2.51%) compared to TSI (1.64%). In terms of maximum drawdown, TGPCX dropped -21.03% vs TSI's -60.35%.

TGPCX currently has the higher Sharpe Ratio (1.72 vs -0.15), 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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