TSI vs. TGPCX
TSI (TCW Strategic Income Fund Inc.) and TGPCX (TCW Conservative Allocation Fund) are both mutual funds - TSI is a Multisector Bonds fund managed by TCW, while TGPCX is a Diversified Portfolio fund managed by TCW. Over the past 10 years, TSI returned 5.03%/yr vs 5.93%/yr for TGPCX. At a 0.18 correlation, their price movements are largely independent.
Performance
TSI vs. TGPCX - 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 TGPCX's 4.14% return. Over the past 10 years, TSI has underperformed TGPCX with an annualized return of 5.03%, while TGPCX has yielded a comparatively higher 5.93% 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%
TGPCX
- 1D
- -0.88%
- 1M
- 0.49%
- YTD
- 4.14%
- 6M
- 3.64%
- 1Y
- 7.89%
- 3Y*
- 9.28%
- 5Y*
- 3.77%
- 10Y*
- 5.93%
TSI vs. TGPCX - 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% |
TGPCX TCW Conservative Allocation Fund | 4.14% | 9.17% | 4.10% | 16.54% | -15.22% | 8.45% | 14.24% | 14.83% | -3.10% | 8.83% |
Correlation
The correlation between TSI and TGPCX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2006 | 0.18 |
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Return for Risk
TSI vs. TGPCX — Risk / Return Rank
TSI
TGPCX
TSI vs. TGPCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Strategic Income Fund Inc. (TSI) and TCW Conservative Allocation Fund (TGPCX). 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 | TGPCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.27 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 1.93 | -2.16 |
| Martin ratioReturn relative to average drawdown | -0.52 | 7.90 | -8.42 |
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Drawdowns
TSI vs. TGPCX - Drawdown Comparison
The maximum TSI drawdown since its inception was -60.35%, which is greater than TGPCX's maximum drawdown of -21.03%. Use the drawdown chart below to compare losses from any high point for TSI and TGPCX.
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Drawdown Indicators
| TSI | TGPCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -21.03% | -39.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -4.43% | -3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -7.12% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -20.27% | +1.71% |
Max Drawdown (10Y)Largest decline over 10 years | -30.00% | -20.27% | -9.73% |
Current DrawdownCurrent decline from peak | -6.78% | -0.96% | -5.82% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -3.13% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 1.08% | +2.56% |
Volatility
TSI vs. TGPCX - Volatility Comparison
The current volatility for TCW Strategic Income Fund Inc. (TSI) is 1.48%, while TCW Conservative Allocation Fund (TGPCX) has a volatility of 2.64%. This indicates that TSI experiences smaller price fluctuations and is considered to be less risky than TGPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSI | TGPCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.64% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 5.00% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.38% | 5.95% | +2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.89% | 7.98% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 7.72% | +6.31% |
Dividends
TSI vs. TGPCX - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 9.19%, more than TGPCX's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGPCX TCW Conservative Allocation Fund | 4.40% | 4.58% | 7.42% | 3.00% | 4.86% | 9.89% | 1.47% | 7.04% | 6.71% | 4.24% | 6.84% | 3.94% |
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 TGPCX 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.
TGPCX has higher volatility (2.64%) compared to TSI (1.48%). In terms of maximum drawdown, TSI dropped -60.35% vs TGPCX's -21.03%.
TGPCX currently has the higher Sharpe Ratio (1.44 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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