HRMDX vs. TCVIX
HRMDX (Heartland Mid Cap Value Fund) and TCVIX (Touchstone Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, HRMDX returned 10.19%/yr vs 9.72%/yr for TCVIX. Their correlation of 0.94 suggests significant overlap in exposure. HRMDX charges 1.10%/yr vs 0.85%/yr for TCVIX.
Performance
HRMDX vs. TCVIX - Performance Comparison
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Returns By Period
In the year-to-date period, HRMDX achieves a 11.97% return, which is significantly lower than TCVIX's 15.63% return. Both investments have delivered pretty close results over the past 10 years, with HRMDX having a 10.19% annualized return and TCVIX not far behind at 9.72%.
HRMDX
- 1D
- 0.34%
- 1M
- 1.23%
- YTD
- 11.97%
- 6M
- 11.04%
- 1Y
- 12.35%
- 3Y*
- 7.97%
- 5Y*
- 6.30%
- 10Y*
- 10.19%
TCVIX
- 1D
- 0.51%
- 1M
- 1.13%
- YTD
- 15.63%
- 6M
- 14.27%
- 1Y
- 25.70%
- 3Y*
- 14.35%
- 5Y*
- 8.17%
- 10Y*
- 9.72%
HRMDX vs. TCVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRMDX Heartland Mid Cap Value Fund | 11.97% | 0.12% | 3.68% | 13.37% | -3.09% | 28.13% | 6.93% | 25.30% | -8.58% | 8.14% |
TCVIX Touchstone Mid Cap Value Fund | 15.63% | 10.00% | 8.61% | 7.78% | -8.38% | 27.12% | 5.70% | 29.76% | -16.77% | 14.09% |
Correlation
The correlation between HRMDX and TCVIX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.94 |
The correlation between HRMDX and TCVIX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
HRMDX vs. TCVIX — Risk / Return Rank
HRMDX
TCVIX
HRMDX vs. TCVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heartland Mid Cap Value Fund (HRMDX) and Touchstone Mid Cap Value Fund (TCVIX). 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.
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.
| HRMDX | TCVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 3.15 | -1.70 |
| Martin ratioReturn relative to average drawdown | 4.21 | 12.03 | -7.82 |
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Drawdowns
HRMDX vs. TCVIX - Drawdown Comparison
The maximum HRMDX drawdown since its inception was -42.61%, roughly equal to the maximum TCVIX drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for HRMDX and TCVIX.
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Drawdown Indicators
| HRMDX | TCVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.61% | -41.89% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -8.52% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.89% | -18.98% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.89% | -19.37% | +1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -42.61% | -41.89% | -0.72% |
Current DrawdownCurrent decline from peak | -1.40% | -0.50% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -5.37% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.23% | +1.01% |
Volatility
HRMDX vs. TCVIX - Volatility Comparison
Heartland Mid Cap Value Fund (HRMDX) and Touchstone Mid Cap Value Fund (TCVIX) have volatilities of 3.42% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRMDX | TCVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 3.55% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 10.35% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 13.72% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 17.17% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.41% | 19.18% | +0.23% |
HRMDX vs. TCVIX - Expense Ratio Comparison
HRMDX has a 1.10% expense ratio, which is higher than TCVIX's 0.85% expense ratio.
Dividends
HRMDX vs. TCVIX - Dividend Comparison
HRMDX's dividend yield for the trailing twelve months is around 1.94%, less than TCVIX's 3.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRMDX Heartland Mid Cap Value Fund | 1.94% | 2.17% | 5.93% | 1.93% | 5.45% | 23.95% | 0.44% | 2.26% | 9.68% | 6.60% | 0.69% | 1.80% |
TCVIX Touchstone Mid Cap Value Fund | 3.67% | 4.25% | 5.48% | 1.80% | 6.59% | 6.77% | 0.76% | 0.91% | 5.86% | 6.47% | 4.44% | 7.26% |
Frequently Asked Questions
HRMDX and TCVIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCVIX has higher volatility (3.55%) compared to HRMDX (3.42%). In terms of maximum drawdown, HRMDX dropped -42.61% vs TCVIX's -41.89%.
TCVIX currently has the higher Sharpe Ratio (1.96 vs 1.02), 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.
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