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Touchstone High Yield Fund (THYAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Touchstone High Yield Fund (THYAX)

Mutual Fund · Currency in USD · Last updated May 31, 2025

The fund normally invests at least 80% of its net assets (including borrowings for investment purposes) in non-investment-grade debt securities. It generally invests in non-investment-grade debt securities of domestic corporations. Non-investment-grade debt securities are higher risk, lower quality securities, often referred to as "junk bonds," and are considered speculative.

Fund Info

ISIN

US89154W8091

CUSIP

89154W809

Issuer

Touchstone

Inception Date

May 1, 2000

Category

High Yield Bonds

Min. Investment

$2,500

Asset Class

Bond

Expense Ratio

THYAX has a high expense ratio of 1.21%, indicating above-average management fees.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Touchstone High Yield Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Touchstone High Yield Fund (THYAX) returned 1.69% year-to-date (YTD) and 7.30% over the past 12 months. Over the past 10 years, THYAX returned 3.54% annually, underperforming the S&P 500 benchmark at 10.85%.

THYAX

YTD

1.69%

1M

1.51%

6M

1.14%

1Y

7.30%

3Y*

5.44%

5Y*

4.81%

10Y*

3.54%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of THYAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.47%0.34%-1.19%-0.42%1.51%1.69%
20240.11%0.05%0.91%-1.14%0.91%1.04%1.44%1.44%1.28%-0.68%1.29%-0.54%6.24%
20233.89%-1.80%1.21%0.90%-0.63%1.36%1.30%0.38%-1.03%-0.75%4.13%3.28%12.73%
2022-2.56%-0.79%-0.78%-4.11%0.54%-7.49%6.65%-2.58%-4.49%3.41%2.22%-0.82%-11.00%
20210.04%0.16%0.16%1.01%0.28%1.39%0.41%0.65%0.20%-0.49%-1.25%2.07%4.68%
2020-0.33%-1.90%-11.82%3.28%4.84%0.43%5.03%0.79%-1.33%0.29%3.86%2.01%4.06%
20194.74%1.79%1.15%1.51%-1.18%2.37%0.40%0.64%0.11%0.16%0.04%1.86%14.32%
20180.35%-0.97%-0.62%0.36%-0.01%0.23%0.98%0.60%0.33%-1.69%-0.46%-2.24%-3.16%
20171.11%1.35%-0.35%1.22%0.97%0.01%1.21%0.01%0.97%0.13%-0.35%0.25%6.74%
2016-1.96%0.07%3.97%3.04%0.43%0.69%2.39%1.60%0.25%0.00%-0.86%1.60%11.64%
20150.67%2.71%-0.62%1.45%0.32%-1.65%-1.08%-2.05%-2.98%2.84%-1.92%-2.66%-5.06%
20140.55%2.07%0.21%0.54%0.97%0.62%-1.33%1.64%-2.25%1.44%-1.27%-1.43%1.65%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 91, THYAX is among the top 9% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of THYAX is 9191
Overall Rank
The Sharpe Ratio Rank of THYAX is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of THYAX is 9191
Sortino Ratio Rank
The Omega Ratio Rank of THYAX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of THYAX is 9090
Calmar Ratio Rank
The Martin Ratio Rank of THYAX is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Touchstone High Yield Fund (THYAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Touchstone High Yield Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 2.10
  • 5-Year: 0.93
  • 10-Year: 0.62
  • All Time: 1.11

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Touchstone High Yield Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Touchstone High Yield Fund provided a 5.59% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 2 consecutive years.

4.50%5.00%5.50%6.00%6.50%7.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.41$0.44$0.43$0.36$0.36$0.39$0.41$0.40$0.38$0.40$0.43$0.59

Dividend yield

5.59%5.92%5.75%5.11%4.42%4.73%4.88%5.28%4.55%4.92%5.61%6.95%

Monthly Dividends

The table displays the monthly dividend distributions for Touchstone High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.04$0.04$0.04$0.00$0.15
2024$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.44
2023$0.04$0.03$0.03$0.03$0.04$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.43
2022$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.03$0.36
2021$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.02$0.04$0.03$0.04$0.03$0.36
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.39
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.03$0.03$0.03$0.41
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.08$0.03$0.03$0.03$0.40
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.38
2016$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.40
2015$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.43
2014$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.18$0.59

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 High Yield 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 High Yield Fund was 31.49%, occurring on Dec 16, 2008. Recovery took 155 trading sessions.

The current Touchstone High Yield Fund drawdown is 0.40%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-31.49%May 22, 2008144Dec 16, 2008155Jul 30, 2009299
-22.22%Feb 18, 202025Mar 23, 2020161Nov 9, 2020186
-15.3%Sep 20, 2021260Sep 29, 2022312Dec 27, 2023572
-14.23%May 28, 2015180Feb 11, 2016131Aug 18, 2016311
-10.22%Apr 30, 2002114Oct 10, 2002118Apr 1, 2003232
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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