TSI vs. TGHYX
TSI (TCW Strategic Income Fund Inc.) and TGHYX (TCW High Yield Bond Fund) are both mutual funds - TSI is a Multisector Bonds fund managed by TCW, while TGHYX is a High Yield Bonds fund managed by TCW. Their 0.12 correlation means their historical movements had little consistent relationship.
Performance
TSI vs. TGHYX - Performance Comparison
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Returns By Period
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%
TGHYX
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $605.00K | $596.77K | $548.55K |
TSI vs. TGHYX - 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% |
TGHYX TCW High Yield Bond Fund | 0.00% | 0.00% | 6.19% | 10.65% | -8.76% | 3.46% | 10.03% | 12.98% | 0.01% | 6.28% |
Correlation
The correlation between TSI and TGHYX is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994 | 0.12 |
The correlation between TSI and TGHYX shifts across timeframes, from 0.12 (all time) to 0.23 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TSI vs. TGHYX — Risk / Return Rank
TSI
TGHYX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSI vs. TGHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Strategic Income Fund Inc. (TSI) and TCW High Yield Bond Fund (TGHYX). 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 | TGHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.93 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | — | — |
| Martin ratioReturn relative to average drawdown | -0.82 | — | — |
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Drawdowns
TSI vs. TGHYX - Drawdown Comparison
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Drawdown Indicators
| TSI | TGHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.00% | — | — |
Current DrawdownCurrent decline from peak | -7.65% | — | — |
Average DrawdownAverage peak-to-trough decline | -7.69% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | — | — |
Volatility
TSI vs. TGHYX - Volatility Comparison
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Volatility by Period
| TSI | TGHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | — | — |
Dividends
TSI vs. TGHYX - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 8.50%, while TGHYX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGHYX TCW High Yield Bond Fund | 0.00% | 0.00% | 5.04% | 5.91% | 5.32% | 5.70% | 3.84% | 4.32% | 5.17% | 4.35% | 4.12% | 4.50% |
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 TGHYX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for TSI and TGHYX
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