TSI vs. TGDVX
TSI (TCW Strategic Income Fund Inc.) and TGDVX (TCW Relative Value Large Cap Fund) are both mutual funds - TSI is a Multisector Bonds fund managed by TCW, while TGDVX is a Large Cap Value Equities fund managed by TCW. Over the past 10 years, TSI returned 4.79%/yr vs 12.18%/yr for TGDVX. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
TSI vs. TGDVX - 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 TGDVX's 13.73% return. Over the past 10 years, TSI has underperformed TGDVX with an annualized return of 4.79%, while TGDVX has yielded a comparatively higher 12.18% 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%
TGDVX
- 1D
- 0.72%
- 1M
- 2.62%
- 6M
- 9.79%
- YTD
- 13.73%
- 1Y
- 28.62%
- 3Y*
- 18.62%
- 5Y*
- 13.25%
- 10Y*
- 12.18%
- ALL TIME*
- 8.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $605.00K | $596.77K | $548.55K |
TSI vs. TGDVX - 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% |
TGDVX TCW Relative Value Large Cap Fund | 13.73% | 19.17% | 18.29% | 16.05% | -6.98% | 29.16% | 6.30% | 25.79% | -17.00% | 15.02% |
Correlation
The correlation between TSI and TGDVX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.19 |
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Return for Risk
TSI vs. TGDVX — Risk / Return Rank
TSI
TGDVX
TSI vs. TGDVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Strategic Income Fund Inc. (TSI) and TCW Relative Value Large Cap Fund (TGDVX). 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 | TGDVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.40 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.52 | -3.94 |
| Martin ratioReturn relative to average drawdown | -0.82 | 13.47 | -14.29 |
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Drawdowns
TSI vs. TGDVX - Drawdown Comparison
The maximum TSI drawdown since its inception was -60.35%, roughly equal to the maximum TGDVX drawdown of -60.90%. Use the drawdown chart below to compare losses from any high point for TSI and TGDVX.
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Drawdown Indicators
| TSI | TGDVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -60.90% | +0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -7.78% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -19.23% | +10.93% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -21.40% | +2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -30.00% | -42.66% | +12.66% |
Current DrawdownCurrent decline from peak | -7.65% | 0.00% | -7.65% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -10.08% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 2.03% | +2.25% |
Volatility
TSI vs. TGDVX - Volatility Comparison
The current volatility for TCW Strategic Income Fund Inc. (TSI) is 2.30%, while TCW Relative Value Large Cap Fund (TGDVX) has a volatility of 2.86%. This indicates that TSI experiences smaller price fluctuations and is considered to be less risky than TGDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSI | TGDVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.86% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 9.05% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 12.27% | -3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 16.71% | -5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 19.29% | -5.25% |
Dividends
TSI vs. TGDVX - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 8.50%, less than TGDVX's 21.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGDVX TCW Relative Value Large Cap Fund | 21.94% | 24.95% | 6.80% | 4.56% | 6.93% | 8.25% | 8.40% | 60.34% | 14.36% | 16.19% | 6.77% | 5.35% |
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 TGDVX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGDVX has higher volatility (2.86%) compared to TSI (2.30%). In terms of maximum drawdown, TSI dropped -60.35% vs TGDVX's -60.90%.
TGDVX currently has the higher Sharpe Ratio (2.23 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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