TGREX vs. TGCFX
TGREX (TCW Global Real Estate Fund) and TGCFX (TCW Core Fixed Income Fund) are both mutual funds - TGREX is a REIT fund managed by TCW, while TGCFX is a Intermediate Core Bond fund managed by TCW. Over the past 10 years, TGREX returned 5.88%/yr vs 1.37%/yr for TGCFX. Their 0.19 correlation means their historical movements had little consistent relationship. TGREX charges 0.90%/yr vs 0.49%/yr for TGCFX.
Performance
TGREX vs. TGCFX - Performance Comparison
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Returns By Period
In the year-to-date period, TGREX achieves a 14.17% return, which is significantly higher than TGCFX's -0.53% return. Over the past 10 years, TGREX has outperformed TGCFX with an annualized return of 5.88%, while TGCFX has yielded a comparatively lower 1.37% annualized return.
TGREX
- 1D
- 0.51%
- 1M
- 2.24%
- 6M
- 10.44%
- YTD
- 14.17%
- 1Y
- 16.22%
- 3Y*
- 9.82%
- 5Y*
- 2.00%
- 10Y*
- 5.88%
- ALL TIME*
- 5.88%
TGCFX
- 1D
- 0.11%
- 1M
- -0.84%
- 6M
- -0.79%
- YTD
- -0.53%
- 1Y
- 2.02%
- 3Y*
- 3.65%
- 5Y*
- -0.72%
- 10Y*
- 1.37%
- ALL TIME*
- 3.09%
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 |
TGREX vs. TGCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGREX TCW Global Real Estate Fund | 14.17% | 7.69% | 1.94% | 11.29% | -25.92% | 27.96% | 14.65% | 29.50% | -11.22% | 11.06% |
TGCFX TCW Core Fixed Income Fund | -0.53% | 7.51% | 0.75% | 5.61% | -14.25% | -1.27% | 8.79% | 8.75% | 0.09% | 3.23% |
Correlation
The correlation between TGREX and TGCFX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.19 |
Over the past year, TGREX and TGCFX have become more correlated (0.45) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
TGREX vs. TGCFX — Risk / Return Rank
TGREX
TGCFX
TGREX vs. TGCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Global Real Estate Fund (TGREX) and TCW Core Fixed Income Fund (TGCFX). 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.
| TGREX | TGCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.13 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 0.98 | +0.54 |
| Martin ratioReturn relative to average drawdown | 4.68 | 2.40 | +2.27 |
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Drawdowns
TGREX vs. TGCFX - Drawdown Comparison
The maximum TGREX drawdown since its inception was -37.78%, which is greater than TGCFX's maximum drawdown of -19.37%. Use the drawdown chart below to compare losses from any high point for TGREX and TGCFX.
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Drawdown Indicators
| TGREX | TGCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.78% | -19.37% | -18.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -3.15% | -6.51% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -5.92% | -13.97% |
Max Drawdown (5Y)Largest decline over 5 years | -33.48% | -19.37% | -14.11% |
Max Drawdown (10Y)Largest decline over 10 years | -37.78% | -19.37% | -18.41% |
Current DrawdownCurrent decline from peak | -0.29% | -3.72% | +3.43% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -3.61% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 1.27% | +1.85% |
Volatility
TGREX vs. TGCFX - Volatility Comparison
TCW Global Real Estate Fund (TGREX) has a higher volatility of 3.52% compared to TCW Core Fixed Income Fund (TGCFX) at 1.08%. This indicates that TGREX's price experiences larger fluctuations and is considered to be riskier than TGCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGREX | TGCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 1.08% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 3.14% | +7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 4.06% | +9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 6.57% | +9.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 5.23% | +11.57% |
TGREX vs. TGCFX - Expense Ratio Comparison
TGREX has a 0.90% expense ratio, which is higher than TGCFX's 0.49% expense ratio.
Dividends
TGREX vs. TGCFX - Dividend Comparison
TGREX's dividend yield for the trailing twelve months is around 2.69%, less than TGCFX's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGCFX TCW Core Fixed Income Fund | 4.08% | 4.51% | 4.34% | 3.66% | 2.22% | 1.56% | 4.14% | 2.63% | 2.57% | 2.17% | 2.95% | 2.59% |
TGREX TCW Global Real Estate Fund | 2.69% | 2.96% | 1.90% | 1.76% | 2.10% | 10.16% | 0.75% | 2.65% | 2.81% | 2.15% | 3.85% | 2.80% |
Frequently Asked Questions
TGREX and TGCFX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGREX has higher volatility (3.52%) compared to TGCFX (1.08%). In terms of maximum drawdown, TGREX dropped -37.78% vs TGCFX's -19.37%.
TGREX currently has the higher Sharpe Ratio (1.10 vs 0.76), 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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