TGWIX vs. TGREX
Compare and contrast key facts about TCW Emerging Markets Local Currency Income Fund (TGWIX) and TCW Global Real Estate Fund (TGREX).
TGWIX is managed by TCW. It was launched on Dec 13, 2010. TGREX is managed by TCW. It was launched on Nov 27, 2014.
Performance
TGWIX vs. TGREX - Performance Comparison
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TGWIX vs. TGREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGWIX TCW Emerging Markets Local Currency Income Fund | -3.32% | 21.09% | -3.66% | 13.22% | -12.30% | -9.32% | 1.78% | 12.91% | -8.22% | 16.28% |
TGREX TCW Global Real Estate Fund | -0.49% | 7.69% | 1.94% | 11.29% | -25.92% | 27.96% | 14.65% | 29.50% | -11.22% | 11.06% |
Returns By Period
In the year-to-date period, TGWIX achieves a -3.32% return, which is significantly lower than TGREX's -0.49% return. Over the past 10 years, TGWIX has underperformed TGREX with an annualized return of 2.45%, while TGREX has yielded a comparatively higher 5.41% annualized return.
TGWIX
- 1D
- -0.52%
- 1M
- -7.43%
- YTD
- -3.32%
- 6M
- 0.16%
- 1Y
- 12.73%
- 3Y*
- 6.72%
- 5Y*
- 1.74%
- 10Y*
- 2.45%
TGREX
- 1D
- -0.08%
- 1M
- -9.66%
- YTD
- -0.49%
- 6M
- -1.55%
- 1Y
- 5.16%
- 3Y*
- 5.80%
- 5Y*
- 1.08%
- 10Y*
- 5.41%
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TGWIX vs. TGREX - Expense Ratio Comparison
TGWIX has a 0.85% expense ratio, which is lower than TGREX's 0.90% expense ratio.
Return for Risk
TGWIX vs. TGREX — Risk / Return Rank
TGWIX
TGREX
TGWIX vs. TGREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Emerging Markets Local Currency Income Fund (TGWIX) and TCW Global Real Estate Fund (TGREX). 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.
| TGWIX | TGREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 0.36 | +1.41 |
Sortino ratioReturn per unit of downside risk | 2.52 | 0.59 | +1.93 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.08 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 0.42 | +1.26 |
Martin ratioReturn relative to average drawdown | 7.60 | 1.51 | +6.09 |
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
| TGWIX | TGREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 0.36 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.07 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.33 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.29 | -0.16 |
Correlation
The correlation between TGWIX and TGREX is 0.36, 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
TGWIX vs. TGREX - Dividend Comparison
TGWIX's dividend yield for the trailing twelve months is around 5.58%, more than TGREX's 2.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGWIX TCW Emerging Markets Local Currency Income Fund | 5.58% | 5.66% | 6.00% | 3.81% | 2.70% | 3.93% | 0.37% | 1.66% | 4.16% | 6.50% | 0.00% | 0.32% |
TGREX TCW Global Real Estate Fund | 2.56% | 2.96% | 1.90% | 1.76% | 2.10% | 10.16% | 0.75% | 2.65% | 2.81% | 2.15% | 3.85% | 2.80% |
Drawdowns
TGWIX vs. TGREX - Drawdown Comparison
The maximum TGWIX drawdown since its inception was -31.56%, smaller than the maximum TGREX drawdown of -37.78%. Use the drawdown chart below to compare losses from any high point for TGWIX and TGREX.
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Drawdown Indicators
| TGWIX | TGREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.56% | -37.78% | +6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -11.50% | +3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -26.94% | -33.48% | +6.54% |
Max Drawdown (10Y)Largest decline over 10 years | -28.28% | -37.78% | +9.50% |
Current DrawdownCurrent decline from peak | -7.64% | -9.95% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -11.59% | -9.01% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 3.18% | -1.49% |
Volatility
TGWIX vs. TGREX - Volatility Comparison
TCW Emerging Markets Local Currency Income Fund (TGWIX) and TCW Global Real Estate Fund (TGREX) have volatilities of 4.39% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGWIX | TGREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 4.43% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 5.70% | 8.74% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 15.22% | -7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.25% | 15.93% | -7.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.02% | 16.70% | -7.68% |