TGPCX vs. TSI
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 5.54%/yr vs 4.76%/yr for TSI. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
TGPCX vs. TSI - Performance Comparison
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Returns By Period
In the year-to-date period, TGPCX achieves a 3.04% return, which is significantly higher than TSI's -7.20% return. Over the past 10 years, TGPCX has outperformed TSI with an annualized return of 5.54%, while TSI has yielded a comparatively lower 4.76% annualized return.
TGPCX
- 1D
- -0.16%
- 1M
- -1.21%
- 6M
- 1.58%
- YTD
- 3.04%
- 1Y
- 6.13%
- 3Y*
- 8.04%
- 5Y*
- 3.31%
- 10Y*
- 5.54%
- ALL TIME*
- 5.44%
TSI
- 1D
- 0.46%
- 1M
- -0.71%
- 6M
- -5.70%
- YTD
- -7.20%
- 1Y
- -2.06%
- 3Y*
- 5.85%
- 5Y*
- 1.80%
- 10Y*
- 4.76%
- ALL TIME*
- 9.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $572.30K | $535.60K | $539.45K |
TGPCX vs. TSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGPCX TCW Conservative Allocation Fund | 3.04% | 9.17% | 4.10% | 16.54% | -15.22% | 8.45% | 14.24% | 14.83% | -3.10% | 8.83% |
TSI TCW Strategic Income Fund Inc. | -7.20% | 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 historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2006 | 0.18 |
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Return for Risk
TGPCX vs. TSI — Risk / Return Rank
TGPCX
TSI
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.
| TGPCX | TSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.96 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | -0.25 | +1.70 |
| Martin ratioReturn relative to average drawdown | 5.70 | -0.50 | +6.20 |
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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
| TGPCX | TSI | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -6.87% | -8.30% | +1.43% |
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 DrawdownCurrent decline from peak | -2.01% | -7.23% | +5.22% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -7.69% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 4.15% | -3.03% |
Volatility
TGPCX vs. TSI - Volatility Comparison
The current volatility for TCW Conservative Allocation Fund (TGPCX) is 1.83%, while TCW Strategic Income Fund Inc. (TSI) has a volatility of 2.18%. This indicates that TGPCX experiences smaller price fluctuations and is considered to be less risky 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
| TGPCX | TSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 2.18% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 5.16% | 7.13% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 8.41% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.00% | 10.83% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.72% | 14.04% | -6.32% |
Dividends
TGPCX vs. TSI - Dividend Comparison
TGPCX's dividend yield for the trailing twelve months is around 4.45%, less than TSI's 8.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TSI TCW Strategic Income Fund Inc. | 8.46% | 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.
TSI has higher volatility (2.18%) compared to TGPCX (1.83%). In terms of maximum drawdown, TGPCX dropped -21.03% vs TSI's -60.35%.
TGPCX currently has the higher Sharpe Ratio (1.06 vs -0.25), 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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