MXIIX vs. ECSIX
MXIIX (Touchstone Flexible Income Fund) and ECSIX (Eaton Vance Short Duration Strategic Income Fund) are both Multisector Bonds funds. Over the past 10 years, MXIIX returned 3.66%/yr vs 3.99%/yr for ECSIX. At a 0.29 correlation, their price movements are largely independent. MXIIX charges 0.79%/yr vs 1.82%/yr for ECSIX.
Performance
MXIIX vs. ECSIX - Performance Comparison
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Returns By Period
In the year-to-date period, MXIIX achieves a 1.68% return, which is significantly lower than ECSIX's 2.08% return. Over the past 10 years, MXIIX has underperformed ECSIX with an annualized return of 3.66%, while ECSIX has yielded a comparatively higher 3.99% annualized return.
MXIIX
- 1D
- 0.10%
- 1M
- 1.24%
- YTD
- 1.68%
- 6M
- 1.89%
- 1Y
- 5.84%
- 3Y*
- 6.08%
- 5Y*
- 2.49%
- 10Y*
- 3.66%
ECSIX
- 1D
- 0.16%
- 1M
- 0.98%
- YTD
- 2.08%
- 6M
- 2.53%
- 1Y
- 8.69%
- 3Y*
- 7.42%
- 5Y*
- 4.23%
- 10Y*
- 3.99%
MXIIX vs. ECSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXIIX Touchstone Flexible Income Fund | 1.68% | 6.11% | 4.82% | 7.96% | -8.14% | 3.17% | 8.15% | 8.73% | -1.47% | 6.75% |
ECSIX Eaton Vance Short Duration Strategic Income Fund | 2.08% | 10.19% | 5.71% | 7.31% | -3.31% | 0.69% | 6.60% | 5.76% | -3.37% | 4.04% |
Correlation
The correlation between MXIIX and ECSIX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 1998 | 0.29 |
Over the past year, MXIIX and ECSIX have become more correlated (0.70) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
MXIIX vs. ECSIX — Risk / Return Rank
MXIIX
ECSIX
MXIIX vs. ECSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Flexible Income Fund (MXIIX) and Eaton Vance Short Duration Strategic Income Fund (ECSIX). 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 | ECSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.69 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 3.67 | -1.42 |
| Martin ratioReturn relative to average drawdown | 7.52 | 12.66 | -5.14 |
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Drawdowns
MXIIX vs. ECSIX - Drawdown Comparison
The maximum MXIIX drawdown since its inception was -37.45%, which is greater than ECSIX's maximum drawdown of -12.95%. Use the drawdown chart below to compare losses from any high point for MXIIX and ECSIX.
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Drawdown Indicators
| MXIIX | ECSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.45% | -12.95% | -24.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.43% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -2.64% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -11.59% | -7.19% | -4.40% |
Max Drawdown (10Y)Largest decline over 10 years | -15.21% | -12.53% | -2.68% |
Current DrawdownCurrent decline from peak | -0.16% | -0.47% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -1.34% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.70% | +0.09% |
Volatility
MXIIX vs. ECSIX - Volatility Comparison
The current volatility for Touchstone Flexible Income Fund (MXIIX) is 0.86%, while Eaton Vance Short Duration Strategic Income Fund (ECSIX) has a volatility of 0.94%. This indicates that MXIIX experiences smaller price fluctuations and is considered to be less risky than ECSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXIIX | ECSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.94% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 2.26% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 2.84% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.44% | 3.22% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 3.19% | +1.22% |
MXIIX vs. ECSIX - Expense Ratio Comparison
MXIIX has a 0.79% expense ratio, which is lower than ECSIX's 1.82% expense ratio.
Dividends
MXIIX vs. ECSIX - Dividend Comparison
MXIIX's dividend yield for the trailing twelve months is around 5.21%, less than ECSIX's 6.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECSIX Eaton Vance Short Duration Strategic Income Fund | 6.31% | 5.07% | 6.21% | 6.18% | 4.78% | 3.54% | 3.47% | 3.53% | 3.19% | 2.96% | 3.20% | 3.54% |
MXIIX Touchstone Flexible Income Fund | 5.21% | 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 ECSIX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECSIX has higher volatility (0.94%) compared to MXIIX (0.86%). In terms of maximum drawdown, MXIIX dropped -37.45% vs ECSIX's -12.95%.
ECSIX currently has the higher Sharpe Ratio (3.14 vs 1.81), 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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