Touchstone Strategic Income Opportunities Fund (TQPAX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with TQPAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TQPAX
TQPAX charges 1.00% annually. There are 64 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Short Duration Diversified Income Fund | 0.02% | — | Feb 2005 | TQPAX vs EVG | |
| MFS Multimarket Income Trust | 0.03% | — | Mar 1987 | TQPAX vs MMT | |
| Nuveen Multi-Market Income Fund | 0.04% | — | Dec 1988 | TQPAX vs JMM | |
| KKR Income Opportunities Fund | 0.04% | — | Jul 2013 | TQPAX vs KIO | |
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | TQPAX vs DBSCX |
Best Risk-Adjusted Alternatives to TQPAX
TQPAX has a PortfoliosLab risk / return rank of 45. There are 47 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | TQPAX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | TQPAX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | TQPAX vs BWDTX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | TQPAX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 97 | — | Jan 2018 | TQPAX vs CBLDX |
Top Performing TQPAX Alternatives (YTD)
TQPAX is at 1.03% YTD. There are 45 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 3.52%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Brookfield Real Assets Income Fund Inc. | 3.52% | — | — | TQPAX vs RA | |
| abrdn Income Credit Strategies Fund | 3.36% | — | Jan 2011 | TQPAX vs ACP | |
| BrandywineGLOBAL - Flexible Bond Fund | 3.03% | — | May 2016 | TQPAX vs LFLIX | |
| KKR Income Opportunities Fund | 2.60% | — | Jul 2013 | TQPAX vs KIO | |
| Eaton Vance Short Duration Diversified Income Fund | 2.58% | — | Feb 2005 | TQPAX vs EVG |
Lowest Volatility Alternatives to TQPAX
TQPAX has 3.70% 1-year volatility. There are 57 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.19% | — | Nov 2015 | TQPAX vs NWXHX | |
| Nationwide Strategic Income A | 1.22% | — | Nov 2015 | TQPAX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | TQPAX vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 1.40% | — | Jan 2018 | TQPAX vs CBLDX | |
| Rational Special Situations Income Fund | 1.40% | — | Jul 2019 | TQPAX vs RFXIX |
Lowest Drawdown Alternatives to TQPAX
TQPAX has a 1-year max drawdown of -2.40%. There are 25 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | TQPAX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | TQPAX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | TQPAX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | TQPAX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | TQPAX vs BWDTX |
Other Mutual Funds from Touchstone
The 10 most viewed Touchstone mutual funds shown here include TSFIX, SWRLX, SENCX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Touchstone Small Cap Fund | Small Cap Blend Equities | 16 | 7.32% | — | Sep 2009 | TQPAX vs TSFIX | |
| Touchstone International Equity Fund | Foreign Large Cap Equities | 94 | 24.58% | — | Mar 1993 | TQPAX vs SWRLX | |
| Touchstone Large Cap Focused Fund | Large Cap Blend Equities | 23 | 1.57% | — | Jan 1934 | TQPAX vs SENCX | |
| Touchstone Mid Cap Fund | Mid Cap Blend Equities | 7 | 1.59% | — | Jan 2003 | TQPAX vs TMCPX | |
| Touchstone Mid Cap Growth Fund | Mid Cap Growth Equities | 21 | 14.67% | — | Oct 1994 | TQPAX vs TEGAX | |
| Touchstone Small Company Fund | Small Cap Blend Equities | 31 | 7.58% | — | Mar 1993 | TQPAX vs SAGWX | |
| Touchstone Balanced Fund | Diversified Portfolio | 26 | 1.33% | — | Nov 1938 | TQPAX vs SEBLX | |
| Touchstone Ultra Short Duration Fixed Income Fund | Ultrashort Bond | 98 | 1.48% | — | Mar 1994 | TQPAX vs TSDOX | |
| Touchstone Large Cap Fund | Large Cap Blend Equities | 47 | 11.03% | — | Jul 2014 | TQPAX vs TLCIX | |
| Touchstone Global ESG Equity Fund | Foreign Large Cap Equities | 44 | 14.97% | — | Dec 1997 | TQPAX vs TEQAX |
Often Compared With TQPAX
Investors most often compare TQPAX with SCHD, AXSIX, SGOV. These 16 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare TQPAX with Any Fund or Stock
Compare TQPAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TQPAX with funds that move differently
Touchstone Strategic Income Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TQPAX.
Explore TQPAX Diversifiers