TGWIX vs. VOO
Compare and contrast key facts about TCW Emerging Markets Local Currency Income Fund (TGWIX) and Vanguard S&P 500 ETF (VOO).
TGWIX is managed by TCW. It was launched on Dec 13, 2010. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
TGWIX vs. VOO - Performance Comparison
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TGWIX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, TGWIX achieves a -3.32% return, which is significantly higher than VOO's -4.42% return. Over the past 10 years, TGWIX has underperformed VOO with an annualized return of 2.45%, while VOO has yielded a comparatively higher 14.05% 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%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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TGWIX vs. VOO - Expense Ratio Comparison
TGWIX has a 0.85% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
TGWIX vs. VOO — Risk / Return Rank
TGWIX
VOO
TGWIX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Emerging Markets Local Currency Income Fund (TGWIX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 0.98 | +0.78 |
Sortino ratioReturn per unit of downside risk | 2.52 | 1.50 | +1.02 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.53 | +0.14 |
Martin ratioReturn relative to average drawdown | 7.60 | 7.29 | +0.31 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 0.98 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.70 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.78 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.83 | -0.70 |
Correlation
The correlation between TGWIX and VOO is 0.33, 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. VOO - Dividend Comparison
TGWIX's dividend yield for the trailing twelve months is around 5.58%, more than VOO's 1.19% 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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
TGWIX vs. VOO - Drawdown Comparison
The maximum TGWIX drawdown since its inception was -31.56%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TGWIX and VOO.
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Drawdown Indicators
| TGWIX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.56% | -33.99% | +2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -11.98% | +4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.94% | -24.52% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -28.28% | -33.99% | +5.71% |
Current DrawdownCurrent decline from peak | -7.64% | -6.29% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -11.59% | -3.72% | -7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.52% | -0.83% |
Volatility
TGWIX vs. VOO - Volatility Comparison
The current volatility for TCW Emerging Markets Local Currency Income Fund (TGWIX) is 4.39%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that TGWIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGWIX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 5.29% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 5.70% | 9.44% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 18.10% | -10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.25% | 16.82% | -8.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.02% | 17.99% | -8.97% |