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 4.79%/yr vs 5.56%/yr for TGPCX. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
TSI vs. TGPCX - 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 TGPCX's 3.04% return. Over the past 10 years, TSI has underperformed TGPCX with an annualized return of 4.79%, while TGPCX has yielded a comparatively higher 5.56% 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%
TGPCX
- 1D
- 0.08%
- 1M
- -1.05%
- 6M
- 1.92%
- YTD
- 3.04%
- 1Y
- 6.39%
- 3Y*
- 8.20%
- 5Y*
- 3.26%
- 10Y*
- 5.56%
- ALL TIME*
- 5.44%
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. TGPCX - 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% |
TGPCX TCW Conservative Allocation Fund | 3.04% | 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 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.19 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.49 | -1.91 |
| Martin ratioReturn relative to average drawdown | -0.82 | 5.63 | -6.45 |
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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% | -6.04% | -2.26% |
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 | -7.65% | -2.01% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -3.12% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 1.17% | +3.11% |
Volatility
TSI vs. TGPCX - Volatility Comparison
TCW Strategic Income Fund Inc. (TSI) has a higher volatility of 2.30% compared to TCW Conservative Allocation Fund (TGPCX) at 2.03%. This indicates that TSI's price experiences larger fluctuations and is considered to be riskier 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 | 2.30% | 2.03% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 5.31% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 6.16% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 8.02% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 7.73% | +6.31% |
Dividends
TSI vs. TGPCX - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 8.50%, more than TGPCX's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGPCX TCW Conservative Allocation Fund | 4.45% | 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. | 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 TGPCX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSI has higher volatility (2.30%) compared to TGPCX (2.03%). In terms of maximum drawdown, TSI dropped -60.35% vs TGPCX's -21.03%.
TGPCX currently has the higher Sharpe Ratio (1.07 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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