TSI vs. EIX
TSI (TCW Strategic Income Fund Inc.) is Multisector Bonds fund managed by TCW, while EIX (Edison International) is a stock. Over the past 10 years, TSI returned 4.83%/yr vs 4.25%/yr for EIX. At a 0.11 correlation, their price movements are largely independent.
Performance
TSI vs. EIX - Performance Comparison
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Returns By Period
In the year-to-date period, TSI achieves a -7.37% return, which is significantly lower than EIX's 32.59% return. Over the past 10 years, TSI has outperformed EIX with an annualized return of 4.83%, while EIX has yielded a comparatively lower 4.25% annualized return.
TSI
- 1D
- -0.45%
- 1M
- -1.59%
- 6M
- -6.81%
- YTD
- -7.37%
- 1Y
- -2.65%
- 3Y*
- 6.01%
- 5Y*
- 1.66%
- 10Y*
- 4.83%
EIX
- 1D
- 0.80%
- 1M
- 6.22%
- 6M
- 29.24%
- YTD
- 32.59%
- 1Y
- 58.55%
- 3Y*
- 8.05%
- 5Y*
- 10.96%
- 10Y*
- 4.25%
TSI vs. EIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSI TCW Strategic Income Fund Inc. | -7.37% | 9.72% | 13.45% | 7.13% | -14.33% | 8.08% | 3.77% | 17.97% | -3.83% | 16.42% |
EIX Edison International | 32.59% | -20.42% | 15.24% | 17.37% | -2.58% | 13.59% | -12.75% | 37.61% | -6.65% | -9.48% |
Correlation
The correlation between TSI and EIX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 1988 | 0.11 |
The correlation between TSI and EIX shifts across timeframes, from -0.01 (1 year) to 0.13 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TSI vs. EIX — Risk / Return Rank
TSI
EIX
TSI vs. EIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Strategic Income Fund Inc. (TSI) and Edison International (EIX). 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 | EIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.76 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.39 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 5.66 | -5.98 |
| Martin ratioReturn relative to average drawdown | -0.68 | 15.07 | -15.74 |
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Drawdowns
TSI vs. EIX - Drawdown Comparison
The maximum TSI drawdown since its inception was -60.35%, smaller than the maximum EIX drawdown of -72.18%. Use the drawdown chart below to compare losses from any high point for TSI and EIX.
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Drawdown Indicators
| TSI | EIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -72.18% | +11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -10.39% | +2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -43.88% | +35.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -43.88% | +25.32% |
Max Drawdown (10Y)Largest decline over 10 years | -30.00% | -43.88% | +13.88% |
Current DrawdownCurrent decline from peak | -7.40% | -4.66% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -15.01% | +7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.90% | +0.02% |
Volatility
TSI vs. EIX - Volatility Comparison
The current volatility for TCW Strategic Income Fund Inc. (TSI) is 2.22%, while Edison International (EIX) has a volatility of 5.90%. This indicates that TSI experiences smaller price fluctuations and is considered to be less risky than EIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSI | EIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 5.90% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 17.27% | -10.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.35% | 24.06% | -15.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 25.48% | -14.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 28.10% | -14.07% |
Dividends
TSI vs. EIX - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 7.79%, more than EIX's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIX Edison International | 4.52% | 5.51% | 2.93% | 4.19% | 4.46% | 3.94% | 4.10% | 3.28% | 4.28% | 3.53% | 2.75% | 2.93% |
TSI TCW Strategic Income Fund Inc. | 7.79% | 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 EIX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIX has higher volatility (5.90%) compared to TSI (2.22%). In terms of maximum drawdown, TSI dropped -60.35% vs EIX's -72.18%.
EIX currently has the higher Sharpe Ratio (2.45 vs -0.32), 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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