JIBFX vs. TCPYX
JIBFX (Johnson Institutional Core Bond Fund) and TCPYX (Touchstone Impact Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, JIBFX returned 1.57%/yr vs 1.36%/yr for TCPYX. Their correlation of 0.92 means they have usually moved in the same direction. JIBFX charges 0.25%/yr vs 0.51%/yr for TCPYX.
Performance
JIBFX vs. TCPYX - Performance Comparison
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Returns By Period
In the year-to-date period, JIBFX achieves a -0.45% return, which is significantly lower than TCPYX's -0.04% return. Over the past 10 years, JIBFX has outperformed TCPYX with an annualized return of 1.57%, while TCPYX has yielded a comparatively lower 1.36% annualized return.
JIBFX
- 1D
- 0.07%
- 1M
- -0.82%
- 6M
- -0.64%
- YTD
- -0.45%
- 1Y
- 2.13%
- 3Y*
- 3.95%
- 5Y*
- -0.50%
- 10Y*
- 1.57%
- ALL TIME*
- 1.14%
TCPYX
- 1D
- -0.34%
- 1M
- -0.78%
- 6M
- -0.27%
- YTD
- -0.04%
- 1Y
- 2.43%
- 3Y*
- 4.08%
- 5Y*
- -0.46%
- 10Y*
- 1.36%
- ALL TIME*
- 2.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JIBFX vs. TCPYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JIBFX Johnson Institutional Core Bond Fund | -0.45% | 7.87% | 1.21% | 5.43% | -13.69% | -2.04% | 9.71% | 8.95% | 0.10% | 3.73% |
TCPYX Touchstone Impact Bond Fund | -0.04% | 6.75% | 1.77% | 5.32% | -13.07% | -1.01% | 6.72% | 7.91% | 0.16% | 3.94% |
Correlation
The correlation between JIBFX and TCPYX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009 | 0.92 |
The correlation between JIBFX and TCPYX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
JIBFX vs. TCPYX — Risk / Return Rank
JIBFX
TCPYX
JIBFX vs. TCPYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Johnson Institutional Core Bond Fund (JIBFX) and Touchstone Impact Bond Fund (TCPYX). 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.
| JIBFX | TCPYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.15 | -0.16 |
| Martin ratioReturn relative to average drawdown | 2.45 | 2.95 | -0.50 |
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Drawdowns
JIBFX vs. TCPYX - Drawdown Comparison
The maximum JIBFX drawdown since its inception was -19.54%, which is greater than TCPYX's maximum drawdown of -18.12%. Use the drawdown chart below to compare losses from any high point for JIBFX and TCPYX.
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Drawdown Indicators
| JIBFX | TCPYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.54% | -18.12% | -1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.92% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.81% | -4.99% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.91% | -18.12% | -0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -19.54% | -18.12% | -1.42% |
Current DrawdownCurrent decline from peak | -3.50% | -2.53% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -3.21% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.13% | +0.12% |
Volatility
JIBFX vs. TCPYX - Volatility Comparison
Johnson Institutional Core Bond Fund (JIBFX) and Touchstone Impact Bond Fund (TCPYX) have volatilities of 1.00% and 0.99%, 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
| JIBFX | TCPYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.99% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 2.92% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 3.81% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 5.89% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 4.85% | +0.48% |
JIBFX vs. TCPYX - Expense Ratio Comparison
JIBFX has a 0.25% expense ratio, which is lower than TCPYX's 0.51% expense ratio.
Dividends
JIBFX vs. TCPYX - Dividend Comparison
JIBFX's dividend yield for the trailing twelve months is around 4.01%, which matches TCPYX's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIBFX Johnson Institutional Core Bond Fund | 4.01% | 3.85% | 3.69% | 2.92% | 2.41% | 1.75% | 3.11% | 2.76% | 2.77% | 2.52% | 3.03% | 2.60% |
TCPYX Touchstone Impact Bond Fund | 4.03% | 3.52% | 3.68% | 3.22% | 2.63% | 1.91% | 2.13% | 2.63% | 2.86% | 2.77% | 2.98% | 2.91% |
Frequently Asked Questions
JIBFX and TCPYX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JIBFX has higher volatility (1.00%) compared to TCPYX (0.99%). In terms of maximum drawdown, JIBFX dropped -19.54% vs TCPYX's -18.12%.
TCPYX currently has the higher Sharpe Ratio (0.88 vs 0.78), 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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