DSMLX vs. MEIFX

Last updated Jun 4, 2026

DSMLX (Touchstone Large Company Growth Fund) and MEIFX (Meridian Enhanced Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, DSMLX returned 5.30%/yr vs 14.03%/yr for MEIFX. A 0.74 correlation means they provide meaningful diversification when combined. DSMLX charges 0.72%/yr vs 1.20%/yr for MEIFX.

Performance

DSMLX vs. MEIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Large Company Growth Fund (DSMLX) and Meridian Enhanced Equity Fund (MEIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSMLX achieves a -62.38% return, which is significantly lower than MEIFX's 4.66% return. Over the past 10 years, DSMLX has underperformed MEIFX with an annualized return of 5.30%, while MEIFX has yielded a comparatively higher 14.03% annualized return.

DSMLX

• 1D: 0.00%
• 1M: 0.00%
• YTD: -62.38%
• 6M: -62.24%
• 1Y: -58.87%
• 3Y*: -13.41%
• 5Y*: -9.39%
• 10Y*: 5.30%

MEIFX

• 1D: -1.37%
• 1M: 1.63%
• YTD: 4.66%
• 6M: 5.62%
• 1Y: 8.51%
• 3Y*: 11.49%
• 5Y*: 6.46%
• 10Y*: 14.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DSMLX vs. MEIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSMLX Touchstone Large Company Growth Fund	-62.38%	15.30%	29.59%	33.52%	-26.41%	21.16%	29.19%	47.62%	-5.04%	38.60%
MEIFX Meridian Enhanced Equity Fund	4.66%	6.51%	13.19%	18.96%	-16.43%	15.15%	26.18%	44.95%	-0.51%	27.94%

Correlation

The correlation between DSMLX and MEIFX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Sep 1, 2009	0.74

Over the past year, the correlation between DSMLX and MEIFX has dropped to 0.27 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

DSMLX vs. MEIFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DSMLX

DSMLX Risk / Return Rank: 0
DSMLX Sharpe Ratio Rank: 1
DSMLX Sortino Ratio Rank: 1
DSMLX Omega Ratio Rank: 0
DSMLX Calmar Ratio Rank: 0
DSMLX Martin Ratio Rank: 0

MEIFX

MEIFX Risk / Return Rank: 18
MEIFX Sharpe Ratio Rank: 13
MEIFX Sortino Ratio Rank: 13
MEIFX Omega Ratio Rank: 12
MEIFX Calmar Ratio Rank: 27
MEIFX Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DSMLX vs. MEIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Large Company Growth Fund (DSMLX) and Meridian Enhanced Equity Fund (MEIFX). 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.

	DSMLX	MEIFX	Difference
Sharpe ratio Return per unit of total volatility	-0.97	1.00	-1.97
Sortino ratio Return per unit of downside risk	-0.97	1.47	-2.44
Omega ratio Gain probability vs. loss probability	0.59	1.17	-0.58
Calmar ratio Return relative to maximum drawdown	-0.93	1.95	-2.88
Martin ratio Return relative to average drawdown	-2.08	6.26	-8.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSMLX vs. MEIFX - Sharpe Ratio Comparison

The current DSMLX Sharpe Ratio is -0.97, which is lower than the MEIFX Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of DSMLX and MEIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DSMLX	MEIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.97	1.00	-1.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	0.41	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.79	-0.61
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.53	-0.21

Drawdowns

DSMLX vs. MEIFX - Drawdown Comparison

The maximum DSMLX drawdown since its inception was -64.61%, which is greater than MEIFX's maximum drawdown of -54.37%. Use the drawdown chart below to compare losses from any high point for DSMLX and MEIFX.

Drawdown Indicators

	DSMLX	MEIFX	Difference
Max Drawdown Largest peak-to-trough decline	-64.61%	-54.37%	-10.24%
Max Drawdown (1Y) Largest decline over 1 year	-64.61%	-4.80%	-59.81%
Max Drawdown (3Y) Largest decline over 3 years	-64.61%	-19.30%	-45.31%
Max Drawdown (5Y) Largest decline over 5 years	-64.61%	-23.54%	-41.07%
Max Drawdown (10Y) Largest decline over 10 years	-64.61%	-28.67%	-35.94%
Current Drawdown Current decline from peak	-64.61%	-1.53%	-63.08%
Average Drawdown Average peak-to-trough decline	-8.71%	-7.72%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.33%	1.48%	+26.85%

Volatility

DSMLX vs. MEIFX - Volatility Comparison

The current volatility for Touchstone Large Company Growth Fund (DSMLX) is 0.00%, while Meridian Enhanced Equity Fund (MEIFX) has a volatility of 2.73%. This indicates that DSMLX experiences smaller price fluctuations and is considered to be less risky than MEIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSMLX	MEIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	2.73%	-2.73%
Volatility (6M) Calculated over the trailing 6-month period	89.52%	6.41%	+83.11%
Volatility (1Y) Calculated over the trailing 1-year period	62.22%	9.35%	+52.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.44%	15.91%	+20.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.13%	17.95%	+12.18%

DSMLX vs. MEIFX - Expense Ratio Comparison

DSMLX has a 0.72% expense ratio, which is lower than MEIFX's 1.20% expense ratio.

Dividends

DSMLX vs. MEIFX - Dividend Comparison

DSMLX's dividend yield for the trailing twelve months is around 11.74%, more than MEIFX's 6.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSMLX Touchstone Large Company Growth Fund	11.74%	4.42%	2.77%	4.18%	3.43%	20.86%	13.17%	14.28%	7.73%	2.90%	3.70%	1.68%
MEIFX Meridian Enhanced Equity Fund	6.92%	7.25%	14.61%	0.61%	9.28%	25.44%	13.26%	40.49%	11.67%	1.18%	0.78%	4.24%

Frequently Asked Questions

Can I hold both DSMLX and MEIFX in my portfolio?

DSMLX and MEIFX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSMLX or MEIFX?

MEIFX has higher volatility (2.73%) compared to DSMLX (0.00%). In terms of maximum drawdown, DSMLX dropped -64.61% vs MEIFX's -54.37%.

Which has better risk-adjusted returns?

MEIFX currently has the higher Sharpe Ratio (1.00 vs -0.97), 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.