- Issuer
- Touchstone
- Inception Date
- Oct 31, 1993
- Category
- Multisector Bonds
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
TQPAX Performance Chart
Touchstone Strategic Income Opportunities Fund (TQPAX) is up 1.3% since the beginning of the year. TQPAX is currently trading at $3 per share.
Loading charts...
Returns By Period
Touchstone Strategic Income Opportunities Fund (TQPAX) has returned 1.34% so far this year and 6.39% over the past 12 months.
Touchstone Strategic Income Opportunities Fund
- 1D
- 0.00%
- 1M
- 1.05%
- YTD
- 1.34%
- 6M
- 1.75%
- 1Y
- 6.39%
- 3Y*
- 7.87%
- 5Y*
- —
- 10Y*
- —
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%
TQPAX Monthly Returns History
Based on dividend-adjusted daily data since Jul 19, 2021, TQPAX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2022 with a return of +5.3%, while the worst month was Sep 2022 at -5.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TQPAX closed higher 30% of trading days. The best single day was Nov 10, 2022 with a return of +1.7%, while the worst single day was Jun 13, 2022 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.67% | 0.96% | -1.70% | 0.69% | 0.43% | 0.31% | 1.34% | ||||||
| 2025 | 0.32% | 1.97% | -0.25% | 0.39% | 0.39% | 1.96% | 0.07% | 1.07% | 0.97% | 0.67% | 0.68% | 0.41% | 8.97% |
| 2024 | 0.64% | 0.03% | 1.92% | -2.18% | 2.00% | 1.03% | 2.28% | 1.94% | 1.23% | -1.81% | 1.32% | -1.24% | 7.26% |
| 2023 | 3.92% | -2.29% | 0.67% | 0.68% | -1.26% | 0.71% | 1.09% | -0.27% | -1.66% | -1.35% | 4.22% | 3.90% | 8.37% |
| 2022 | -1.46% | -1.93% | -1.27% | -3.43% | 0.00% | -4.14% | 3.01% | -1.63% | -4.97% | 0.40% | 5.28% | 0.26% | -9.86% |
| 2021 | 0.45% | -0.06% | -0.43% | -0.40% | -0.96% | 0.78% | -0.64% |
Benchmark Metrics
Touchstone Strategic Income Opportunities Fund has an annualized alpha of 1.90%, beta of 0.09, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since July 19, 2021.
- This fund participated in 37.03% of S&P 500 Index downside but only 24.79% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.09 may look defensive, but with R2 of 0.08 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 0.08 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
- 1.90%
- Beta
- 0.09
- R²
- 0.08
- Upside Capture
- 24.79%
- Downside Capture
- 37.03%
Expense Ratio
TQPAX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TQPAX ranks 54 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Touchstone Strategic Income Opportunities Fund (TQPAX) 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.
| TQPAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 2.78 | +0.02 |
| Martin ratioReturn relative to average drawdown | 9.79 | 12.44 | -2.65 |
Dividends
Dividend History
Touchstone Strategic Income Opportunities Fund provided a 4.66% dividend yield over the last twelve months, with an annual payout of $0.15 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.14 | $0.14 | $0.15 | $0.12 | $0.04 |
Dividend yield | 4.66% | 4.20% | 4.43% | 4.95% | 4.02% | 1.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Touchstone Strategic Income 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 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.06 | ||||||
| 2025 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2024 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.14 |
| 2023 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.15 |
| 2022 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.12 |
| 2021 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.04 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Touchstone Strategic Income 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 Strategic Income Opportunities Fund was 16.94%, occurring on Oct 20, 2022. Recovery took 427 trading sessions.
The current Touchstone Strategic Income Opportunities Fund drawdown is 0.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -16.94%Oct 2022 | 1y 1mo | 1y 8mo | 2y 9moSep 2021 - Jul 2024 |
2025 pullback2025 | -2.99%Jan 2025 | 3mo 17d | 1mo 16d | 5mo 3dSep 2024 - Feb 2025 |
2025 selloff2025 | -2.48%Apr 2025 | 5d | 20d | 25dApr 2025 - Apr 2025 |
2026 pullback2026 | -2.40%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2025 selloff2025 | -0.93%May 2025 | 21d | 6d | 27dApr 2025 - May 2025 |
Drawdown Indicators
| TQPAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.94% | -56.78% | +39.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -9.10% | +6.70% |
Max Drawdown (3Y)Largest decline over 3 years | -4.17% | -18.90% | +14.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.29% | -1.80% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -10.71% | +6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.03% | -1.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with TQPAX
Add Touchstone Strategic Income Opportunities Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with TQPAX