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 5.03%/yr vs 4.22%/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 -6.74% return, which is significantly lower than EIX's 26.99% return. Over the past 10 years, TSI has outperformed EIX with an annualized return of 5.03%, while EIX has yielded a comparatively lower 4.22% annualized return.
TSI
- 1D
- -0.45%
- 1M
- -0.49%
- YTD
- -6.74%
- 6M
- -4.77%
- 1Y
- -1.89%
- 3Y*
- 6.86%
- 5Y*
- 2.17%
- 10Y*
- 5.03%
EIX
- 1D
- 1.75%
- 1M
- 4.27%
- YTD
- 26.99%
- 6M
- 26.82%
- 1Y
- 53.00%
- 3Y*
- 8.29%
- 5Y*
- 10.52%
- 10Y*
- 4.22%
TSI vs. EIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSI TCW Strategic Income Fund Inc. | -6.74% | 9.72% | 13.45% | 7.13% | -14.33% | 8.08% | 3.77% | 17.97% | -3.83% | 16.42% |
EIX Edison International | 26.99% | -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 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
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 0.04 (1 year) to 0.14 (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 | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.36 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 5.12 | -5.35 |
| Martin ratioReturn relative to average drawdown | -0.52 | 13.57 | -14.09 |
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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 | -6.78% | -8.69% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -15.02% | +7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 3.92% | -0.28% |
Volatility
TSI vs. EIX - Volatility Comparison
The current volatility for TCW Strategic Income Fund Inc. (TSI) is 1.48%, while Edison International (EIX) has a volatility of 6.69%. 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 | 1.48% | 6.69% | -5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 17.14% | -9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.38% | 24.09% | -15.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.89% | 25.44% | -14.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 28.09% | -14.06% |
Dividends
TSI vs. EIX - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 9.19%, more than EIX's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIX Edison International | 4.59% | 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. | 9.19% | 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 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIX has higher volatility (6.69%) compared to TSI (1.48%). In terms of maximum drawdown, TSI dropped -60.35% vs EIX's -72.18%.
EIX currently has the higher Sharpe Ratio (2.22 vs -0.23), 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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