TSI vs. TGREX
TSI (TCW Strategic Income Fund Inc.) and TGREX (TCW Global Real Estate Fund) are both mutual funds - TSI is a Multisector Bonds fund managed by TCW, while TGREX is a REIT fund managed by TCW. Over the past 10 years, TSI returned 4.83%/yr vs 5.87%/yr for TGREX. At a 0.17 correlation, their price movements are largely independent.
Performance
TSI vs. TGREX - Performance Comparison
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Returns By Period
In the year-to-date period, TSI achieves a -7.37% return, which is significantly lower than TGREX's 11.26% return. Over the past 10 years, TSI has underperformed TGREX with an annualized return of 4.83%, while TGREX has yielded a comparatively higher 5.87% annualized return.
TSI
- 1D
- -0.45%
- 1M
- -1.59%
- 6M
- -6.81%
- YTD
- -7.37%
- 1Y
- -2.65%
- 3Y*
- 6.01%
- 5Y*
- 1.66%
- 10Y*
- 4.83%
TGREX
- 1D
- -0.30%
- 1M
- -1.55%
- 6M
- 8.23%
- YTD
- 11.26%
- 1Y
- 11.97%
- 3Y*
- 8.36%
- 5Y*
- 1.86%
- 10Y*
- 5.87%
TSI vs. TGREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSI TCW Strategic Income Fund Inc. | -7.37% | 9.72% | 13.45% | 7.13% | -14.33% | 8.08% | 3.77% | 17.97% | -3.83% | 16.42% |
TGREX TCW Global Real Estate Fund | 11.26% | 7.69% | 1.94% | 11.29% | -25.92% | 27.96% | 14.65% | 29.50% | -11.22% | 11.06% |
Correlation
The correlation between TSI and TGREX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.17 |
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Return for Risk
TSI vs. TGREX — Risk / Return Rank
TSI
TGREX
TSI vs. TGREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Strategic Income Fund Inc. (TSI) and TCW Global Real Estate Fund (TGREX). 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 | TGREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.17 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.31 | -1.63 |
| Martin ratioReturn relative to average drawdown | -0.68 | 4.04 | -4.72 |
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Drawdowns
TSI vs. TGREX - Drawdown Comparison
The maximum TSI drawdown since its inception was -60.35%, which is greater than TGREX's maximum drawdown of -37.78%. Use the drawdown chart below to compare losses from any high point for TSI and TGREX.
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Drawdown Indicators
| TSI | TGREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -37.78% | -22.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -9.66% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -19.89% | +11.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -33.48% | +14.92% |
Max Drawdown (10Y)Largest decline over 10 years | -30.00% | -37.78% | +7.78% |
Current DrawdownCurrent decline from peak | -7.40% | -2.62% | -4.78% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -8.84% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.13% | +0.79% |
Volatility
TSI vs. TGREX - Volatility Comparison
The current volatility for TCW Strategic Income Fund Inc. (TSI) is 2.22%, while TCW Global Real Estate Fund (TGREX) has a volatility of 3.98%. This indicates that TSI experiences smaller price fluctuations and is considered to be less risky than TGREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSI | TGREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 3.98% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 10.58% | -3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.35% | 13.43% | -5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 16.11% | -5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 16.79% | -2.76% |
Dividends
TSI vs. TGREX - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 7.79%, more than TGREX's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGREX TCW Global Real Estate Fund | 2.76% | 2.96% | 1.90% | 1.76% | 2.10% | 10.16% | 0.75% | 2.65% | 2.81% | 2.15% | 3.85% | 2.80% |
TSI TCW Strategic Income Fund Inc. | 7.79% | 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 TGREX 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.
TGREX has higher volatility (3.98%) compared to TSI (2.22%). In terms of maximum drawdown, TSI dropped -60.35% vs TGREX's -37.78%.
TGREX currently has the higher Sharpe Ratio (0.94 vs -0.32), 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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