MXIIX vs. ACP
MXIIX (Touchstone Flexible Income Fund) and ACP (abrdn Income Credit Strategies Fund) are both Multisector Bonds funds. Over the past 10 years, MXIIX returned 3.21%/yr vs 5.37%/yr for ACP. Their 0.26 correlation means their historical movements had little consistent relationship. MXIIX charges 0.79%/yr vs 1.97%/yr for ACP.
Performance
MXIIX vs. ACP - Performance Comparison
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Returns By Period
In the year-to-date period, MXIIX achieves a -0.19% return, which is significantly lower than ACP's 2.65% return. Over the past 10 years, MXIIX has underperformed ACP with an annualized return of 3.21%, while ACP has yielded a comparatively higher 5.37% annualized return.
MXIIX
- 1D
- -0.30%
- 1M
- -1.58%
- 6M
- -0.44%
- YTD
- -0.19%
- 1Y
- 2.25%
- 3Y*
- 5.08%
- 5Y*
- 1.90%
- 10Y*
- 3.21%
- ALL TIME*
- 4.39%
ACP
- 1D
- -0.79%
- 1M
- -3.51%
- 6M
- -2.71%
- YTD
- 2.65%
- 1Y
- -0.14%
- 3Y*
- 6.94%
- 5Y*
- -0.18%
- 10Y*
- 5.37%
- ALL TIME*
- 3.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.09M | $2.75M | $2.45M | |
| $0.00 | $0.00 | $0.00 |
MXIIX vs. ACP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXIIX Touchstone Flexible Income Fund | -0.19% | 6.11% | 4.82% | 7.96% | -8.14% | 3.17% | 8.15% | 8.73% | -1.47% | 6.75% |
ACP abrdn Income Credit Strategies Fund | 2.65% | 6.48% | 4.81% | 19.27% | -22.87% | 6.65% | 7.51% | 26.93% | -17.64% | 15.60% |
Correlation
The correlation between MXIIX and ACP is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2011 | 0.26 |
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Return for Risk
MXIIX vs. ACP — Risk / Return Rank
MXIIX
ACP
MXIIX vs. ACP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Flexible Income Fund (MXIIX) and abrdn Income Credit Strategies Fund (ACP). 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.
| MXIIX | ACP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.01 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.01 | +1.05 |
| Martin ratioReturn relative to average drawdown | 3.16 | -0.04 | +3.20 |
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Drawdowns
MXIIX vs. ACP - Drawdown Comparison
The maximum MXIIX drawdown since its inception was -37.45%, smaller than the maximum ACP drawdown of -51.03%. Use the drawdown chart below to compare losses from any high point for MXIIX and ACP.
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Drawdown Indicators
| MXIIX | ACP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.45% | -51.03% | +13.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -10.51% | +7.85% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -18.97% | +16.31% |
Max Drawdown (5Y)Largest decline over 5 years | -11.59% | -38.83% | +27.24% |
Max Drawdown (10Y)Largest decline over 10 years | -15.21% | -51.03% | +35.82% |
Current DrawdownCurrent decline from peak | -2.00% | -7.88% | +5.88% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -11.06% | +7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 3.86% | -2.99% |
Volatility
MXIIX vs. ACP - Volatility Comparison
The current volatility for Touchstone Flexible Income Fund (MXIIX) is 0.81%, while abrdn Income Credit Strategies Fund (ACP) has a volatility of 3.78%. This indicates that MXIIX experiences smaller price fluctuations and is considered to be less risky than ACP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXIIX | ACP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 3.78% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 10.07% | -7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 12.30% | -9.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 17.03% | -13.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 21.09% | -16.68% |
MXIIX vs. ACP - Expense Ratio Comparison
MXIIX has a 0.79% expense ratio, which is lower than ACP's 1.97% expense ratio.
Dividends
MXIIX vs. ACP - Dividend Comparison
MXIIX's dividend yield for the trailing twelve months is around 5.52%, less than ACP's 18.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACP abrdn Income Credit Strategies Fund | 18.53% | 17.19% | 19.72% | 17.65% | 17.70% | 11.76% | 12.73% | 12.27% | 12.60% | 10.26% | 10.72% | 12.69% |
MXIIX Touchstone Flexible Income Fund | 5.52% | 4.66% | 4.03% | 3.77% | 4.70% | 3.49% | 4.66% | 3.84% | 4.04% | 2.72% | 2.91% | 3.30% |
Frequently Asked Questions
MXIIX and ACP have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACP has higher volatility (3.78%) compared to MXIIX (0.81%). In terms of maximum drawdown, MXIIX dropped -37.45% vs ACP's -51.03%.
MXIIX currently has the higher Sharpe Ratio (0.85 vs -0.01), 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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