TSI vs. ACP
TSI (TCW Strategic Income Fund Inc.) and ACP (abrdn Income Credit Strategies Fund) are both Multisector Bonds funds. Over the past 10 years, TSI returned 4.79%/yr vs 5.37%/yr for ACP. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
TSI vs. ACP - Performance Comparison
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Returns By Period
In the year-to-date period, TSI achieves a -7.62% return, which is significantly lower than ACP's 2.65% return. Over the past 10 years, TSI has underperformed ACP with an annualized return of 4.79%, while ACP has yielded a comparatively higher 5.37% annualized return.
TSI
- 1D
- -0.68%
- 1M
- -1.60%
- 6M
- -6.32%
- YTD
- -7.62%
- 1Y
- -3.50%
- 3Y*
- 5.99%
- 5Y*
- 1.75%
- 10Y*
- 4.79%
- ALL TIME*
- 9.35%
ACP
- 1D
- -0.79%
- 1M
- -3.51%
- 6M
- -2.71%
- YTD
- 2.65%
- 1Y
- -0.14%
- 3Y*
- 6.94%
- 5Y*
- -0.18%
- 10Y*
- 5.37%
- ALL TIME*
- 3.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.09M | $2.75M | $2.45M | |
| $605.00K | $596.77K | $548.55K |
TSI vs. ACP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSI TCW Strategic Income Fund Inc. | -7.62% | 9.72% | 13.45% | 7.13% | -14.33% | 8.08% | 3.77% | 17.97% | -3.83% | 16.42% |
ACP abrdn Income Credit Strategies Fund | 2.65% | 6.48% | 4.81% | 19.27% | -22.87% | 6.65% | 7.51% | 26.93% | -17.64% | 15.60% |
Correlation
The correlation between TSI and ACP is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2011 | 0.16 |
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Return for Risk
TSI vs. ACP — Risk / Return Rank
TSI
ACP
TSI vs. ACP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Strategic Income Fund Inc. (TSI) and abrdn Income Credit Strategies Fund (ACP). 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.
| TSI | ACP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.01 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.01 | -0.41 |
| Martin ratioReturn relative to average drawdown | -0.82 | -0.04 | -0.78 |
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Drawdowns
TSI vs. ACP - Drawdown Comparison
The maximum TSI drawdown since its inception was -60.35%, which is greater than ACP's maximum drawdown of -51.03%. Use the drawdown chart below to compare losses from any high point for TSI and ACP.
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Drawdown Indicators
| TSI | ACP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -51.03% | -9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -10.51% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -18.97% | +10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -38.83% | +20.27% |
Max Drawdown (10Y)Largest decline over 10 years | -30.00% | -51.03% | +21.03% |
Current DrawdownCurrent decline from peak | -7.65% | -7.88% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -11.06% | +3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 3.86% | +0.42% |
Volatility
TSI vs. ACP - Volatility Comparison
The current volatility for TCW Strategic Income Fund Inc. (TSI) is 2.30%, while abrdn Income Credit Strategies Fund (ACP) has a volatility of 3.78%. This indicates that TSI experiences smaller price fluctuations and is considered to be less risky than ACP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSI | ACP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 3.78% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 10.07% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 12.30% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 17.03% | -6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 21.09% | -7.05% |
Dividends
TSI vs. ACP - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 8.50%, less than ACP's 18.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACP abrdn Income Credit Strategies Fund | 18.53% | 17.19% | 19.72% | 17.65% | 17.70% | 11.76% | 12.73% | 12.27% | 12.60% | 10.26% | 10.72% | 12.69% |
TSI TCW Strategic Income Fund Inc. | 8.50% | 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
TSI and ACP have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACP has higher volatility (3.78%) compared to TSI (2.30%). In terms of maximum drawdown, TSI dropped -60.35% vs ACP's -51.03%.
ACP currently has the higher Sharpe Ratio (-0.01 vs -0.42), 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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