TSI vs. TGVOX
TSI (TCW Strategic Income Fund Inc.) and TGVOX (TCW Relative Value Mid Cap Fund) are both mutual funds - TSI is a Multisector Bonds fund managed by TCW, while TGVOX is a Mid Cap Value Equities fund managed by TCW. Over the past 10 years, TSI returned 4.79%/yr vs 12.19%/yr for TGVOX. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
TSI vs. TGVOX - 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 TGVOX's 17.69% return. Over the past 10 years, TSI has underperformed TGVOX with an annualized return of 4.79%, while TGVOX has yielded a comparatively higher 12.19% 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%
TGVOX
- 1D
- -1.15%
- 1M
- -1.80%
- 6M
- 10.06%
- YTD
- 17.69%
- 1Y
- 29.78%
- 3Y*
- 18.27%
- 5Y*
- 11.38%
- 10Y*
- 12.19%
- ALL TIME*
- 9.80%
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. TGVOX - 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% |
TGVOX TCW Relative Value Mid Cap Fund | 17.69% | 15.53% | 17.26% | 15.99% | -11.80% | 31.99% | 3.66% | 29.34% | -22.17% | 19.74% |
Correlation
The correlation between TSI and TGVOX is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.21 |
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Return for Risk
TSI vs. TGVOX — Risk / Return Rank
TSI
TGVOX
TSI vs. TGVOX - 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 Mid Cap Fund (TGVOX). 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 | TGVOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.34 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.35 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.17 | -3.59 |
| Martin ratioReturn relative to average drawdown | -0.82 | 12.27 | -13.09 |
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Drawdowns
TSI vs. TGVOX - Drawdown Comparison
The maximum TSI drawdown since its inception was -60.35%, roughly equal to the maximum TGVOX drawdown of -58.14%. Use the drawdown chart below to compare losses from any high point for TSI and TGVOX.
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Drawdown Indicators
| TSI | TGVOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -58.14% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -9.04% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -22.69% | +14.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -23.81% | +5.25% |
Max Drawdown (10Y)Largest decline over 10 years | -30.00% | -51.10% | +21.10% |
Current DrawdownCurrent decline from peak | -7.65% | -2.79% | -4.86% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -10.24% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 2.33% | +1.95% |
Volatility
TSI vs. TGVOX - Volatility Comparison
The current volatility for TCW Strategic Income Fund Inc. (TSI) is 2.30%, while TCW Relative Value Mid Cap Fund (TGVOX) has a volatility of 2.48%. This indicates that TSI experiences smaller price fluctuations and is considered to be less risky than TGVOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSI | TGVOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.48% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 10.59% | -3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 14.45% | -6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 19.32% | -8.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 22.13% | -8.09% |
Dividends
TSI vs. TGVOX - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 8.50%, less than TGVOX's 18.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGVOX TCW Relative Value Mid Cap Fund | 18.44% | 21.70% | 9.54% | 2.34% | 2.54% | 12.69% | 0.75% | 2.43% | 9.90% | 8.25% | 0.56% | 16.12% |
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 TGVOX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGVOX has higher volatility (2.48%) compared to TSI (2.30%). In terms of maximum drawdown, TSI dropped -60.35% vs TGVOX's -58.14%.
TGVOX currently has the higher Sharpe Ratio (1.98 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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