- ISIN
- US89155T5992
- CUSIP
- 89155T599
- Issuer
- Touchstone
- Inception Date
- Aug 30, 2015
- Category
- High Yield Bonds
- Min. Investment
- $500,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TARBX Performance Chart
Touchstone Ares Credit Opportunities Fund (TARBX) is up 1.7% since the beginning of the year. TARBX is currently trading at $9 per share. Investors who bought $1,000 worth of TARBX shares 5 years ago would now be looking at an investment worth $1,262.
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Returns By Period
Touchstone Ares Credit Opportunities Fund (TARBX) has returned 1.68% so far this year and 5.48% over the past 12 months. Over the last ten years, TARBX has returned 4.66% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Touchstone Ares Credit Opportunities Fund
- 1D
- 0.11%
- 1M
- 0.70%
- YTD
- 1.68%
- 6M
- 2.19%
- 1Y
- 5.48%
- 3Y*
- 8.12%
- 5Y*
- 4.76%
- 10Y*
- 4.66%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TARBX Monthly Returns History
Based on dividend-adjusted daily data since Oct 3, 2013, TARBX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 62% of months were positive and 38% were negative. The best month was May 2020 with a return of +5.6%, while the worst month was Mar 2020 at -14.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TARBX closed higher 42% of trading days. The best single day was Apr 9, 2020 with a return of +3.2%, while the worst single day was Mar 9, 2020 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.91% | 0.06% | -1.18% | 1.30% | 0.48% | 0.11% | 1.68% | ||||||
| 2025 | 0.86% | 0.47% | -1.35% | -0.25% | 2.01% | 1.88% | 0.74% | 0.61% | 0.67% | 0.21% | 0.15% | 0.29% | 6.43% |
| 2024 | 0.03% | 0.59% | 1.14% | -1.04% | 1.30% | 1.18% | 1.42% | 1.55% | 1.41% | -0.60% | 1.10% | -0.03% | 8.29% |
| 2023 | 3.47% | -0.79% | 0.15% | 0.84% | -0.59% | 1.98% | 1.83% | 0.79% | -1.06% | -1.89% | 4.31% | 3.70% | 13.26% |
| 2022 | -1.65% | -0.99% | -0.14% | -2.65% | -0.73% | -5.83% | 5.12% | -0.42% | -3.69% | 1.68% | 1.42% | -0.42% | -8.37% |
| 2021 | 1.10% | 1.18% | 0.63% | 1.17% | 0.67% | 1.21% | -0.29% | 0.48% | 2.63% | -0.37% | -0.85% | 1.68% | 9.60% |
Benchmark Metrics
Touchstone Ares Credit Opportunities Fund has an annualized alpha of 2.44%, beta of 0.13, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since October 03, 2013.
- This fund participated in 25.98% of S&P 500 Index downside but only 23.86% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.24 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.24 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.44%
- Beta
- 0.13
- R²
- 0.24
- Upside Capture
- 23.86%
- Downside Capture
- 25.98%
Expense Ratio
TARBX has an expense ratio of 0.73%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TARBX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Touchstone Ares Credit Opportunities Fund (TARBX) and compare them to S&P 500 Index.
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.
| TARBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.78 | -0.03 |
| Martin ratioReturn relative to average drawdown | 11.92 | 12.44 | -0.52 |
Dividends
Dividend History
Touchstone Ares Credit Opportunities Fund provided a 7.75% dividend yield over the last twelve months, with an annual payout of $0.71 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.67 | $0.73 | $0.74 | $0.56 | $0.66 | $0.65 | $0.39 | $0.21 | $0.44 | $0.29 | $0.18 |
Dividend yield | 7.75% | 7.28% | 7.84% | 7.94% | 6.32% | 6.40% | 6.49% | 3.83% | 2.27% | 4.45% | 2.85% | 1.84% |
Monthly Dividends
The table displays the monthly dividend distributions for Touchstone Ares Credit Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.00 | $0.26 | ||||||
| 2025 | $0.00 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.09 | $0.05 | $0.08 | $0.67 |
| 2024 | $0.07 | $0.05 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.04 | $0.07 | $0.05 | $0.06 | $0.73 |
| 2023 | $0.07 | $0.05 | $0.05 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.07 | $0.10 | $0.74 |
| 2022 | $0.00 | $0.00 | $0.11 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.07 | $0.56 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.41 | $0.66 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Touchstone Ares Credit Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Touchstone Ares Credit Opportunities Fund was 21.48%, occurring on Mar 23, 2020. Recovery took 171 trading sessions.
The current Touchstone Ares Credit Opportunities Fund drawdown is 0.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -21.48%Mar 2020 | 28d | 8mo 5d | 9mo 3dFeb 2020 - Nov 2020 |
Bear market2022 | -13.60%Jun 2022 | 6mo 22d | 1y 5mo | 2y 4dDec 2021 - Dec 2023 |
2025 selloff2025 | -4.31%Apr 2025 | 2mo 11d | 1mo 20d | 4mo 1dJan 2025 - May 2025 |
Rate-hike selloffLate 2018 | -4.05%Dec 2018 | 1y 6mo | 2mo 25d | 1y 8moJun 2017 - Mar 2019 |
2014 pullback2014 | -3.87%Oct 2014 | 7mo 14d | 5mo 4d | 1y 13dMar 2014 - Mar 2015 |
Drawdown Indicators
| TARBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.48% | -56.78% | +35.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -9.10% | +7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -18.90% | +14.59% |
Max Drawdown (5Y)Largest decline over 5 years | -13.60% | -25.43% | +11.83% |
Max Drawdown (10Y)Largest decline over 10 years | -21.48% | -33.92% | +12.44% |
Current DrawdownCurrent decline from peak | -0.11% | -1.80% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -10.71% | +8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 2.03% | -1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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