TGVOX vs. TGHYX

Last updated Apr 2, 2026

Compare and contrast key facts about TCW Relative Value Mid Cap Fund (TGVOX) and TCW High Yield Bond Fund (TGHYX).

TGVOX is managed by TCW. It was launched on Oct 31, 1997. TGHYX is managed by TCW. It was launched on Feb 26, 1993.

Performance

TGVOX vs. TGHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Relative Value Mid Cap Fund (TGVOX) and TCW High Yield Bond Fund (TGHYX). The values are adjusted to include any dividend payments, if applicable.

TGVOX vs. TGHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGVOX TCW Relative Value Mid Cap Fund	5.79%	15.53%	17.26%	15.99%	-11.80%	31.99%	3.66%	29.34%	-22.17%	19.74%
TGHYX TCW High Yield Bond Fund	0.00%	0.00%	6.19%	10.65%	-8.76%	3.46%	10.03%	12.98%	0.01%	6.28%

Returns By Period

TGVOX

• 1D: 2.66%
• 1M: -5.28%
• YTD: 5.79%
• 6M: 11.04%
• 1Y: 25.77%
• 3Y*: 17.74%
• 5Y*: 9.85%
• 10Y*: 11.47%

TGHYX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TGVOX vs. TGHYX - Expense Ratio Comparison

TGVOX has a 0.85% expense ratio, which is higher than TGHYX's 0.55% expense ratio.

TGVOX

TCW Relative Value Mid Cap Fund

TGHYX

TCW High Yield Bond Fund

Return for Risk

TGVOX vs. TGHYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TGVOX

TGVOX Risk / Return Rank: 68
TGVOX Sharpe Ratio Rank: 67
TGVOX Sortino Ratio Rank: 65
TGVOX Omega Ratio Rank: 66
TGVOX Calmar Ratio Rank: 68
TGVOX Martin Ratio Rank: 73

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.

TGVOX vs. TGHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Relative Value Mid Cap Fund (TGVOX) and TCW High Yield Bond Fund (TGHYX). 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.

	TGVOX	TGHYX	Difference
Sharpe ratio Return per unit of total volatility	1.27	—	—
Sortino ratio Return per unit of downside risk	1.78	—	—
Omega ratio Gain probability vs. loss probability	1.27	—	—
Calmar ratio Return relative to maximum drawdown	1.76	—	—
Martin ratio Return relative to average drawdown	7.78	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TGVOX	TGHYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	—	—

Correlation

The correlation between TGVOX and TGHYX is 0.28, 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

TGVOX vs. TGHYX - Dividend Comparison

TGVOX's dividend yield for the trailing twelve months is around 20.51%, while TGHYX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TGVOX TCW Relative Value Mid Cap Fund	20.51%	21.70%	9.54%	2.34%	2.54%	12.69%	0.75%	2.43%	9.90%	8.25%	0.56%	16.12%
TGHYX TCW High Yield Bond Fund	0.00%	0.00%	5.04%	5.91%	5.32%	5.70%	3.84%	4.32%	5.17%	4.35%	4.12%	4.50%

Drawdowns

Drawdown Indicators

	TGVOX	TGHYX	Difference
Max Drawdown Largest peak-to-trough decline	-58.14%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.10%	—	—
Current Drawdown Current decline from peak	-6.22%	—	—
Average Drawdown Average peak-to-trough decline	-10.35%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	—	—

Volatility

Volatility by Period

	TGVOX	TGHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.80%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.33%	—	—