MXIIX vs. ETSIX
MXIIX (Touchstone Flexible Income Fund) and ETSIX (Eaton Vance Strategic Income Fund Class I) are both Multisector Bonds funds. Over the past 10 years, MXIIX returned 3.21%/yr vs 4.63%/yr for ETSIX. Their 0.30 correlation means their historical movements had little consistent relationship. MXIIX charges 0.79%/yr vs 1.46%/yr for ETSIX.
Performance
MXIIX vs. ETSIX - 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 ETSIX's 2.30% return. Over the past 10 years, MXIIX has underperformed ETSIX with an annualized return of 3.21%, while ETSIX has yielded a comparatively higher 4.63% 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%
ETSIX
- 1D
- -0.15%
- 1M
- -0.61%
- 6M
- 1.08%
- YTD
- 2.30%
- 1Y
- 7.17%
- 3Y*
- 7.90%
- 5Y*
- 4.97%
- 10Y*
- 4.63%
- ALL TIME*
- 4.85%
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 |
MXIIX vs. ETSIX - 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% |
ETSIX Eaton Vance Strategic Income Fund Class I | 2.30% | 10.88% | 6.38% | 8.24% | -2.55% | 1.33% | 7.52% | 6.58% | -2.68% | 4.90% |
Correlation
The correlation between MXIIX and ETSIX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 1998 | 0.30 |
Over the past year, MXIIX and ETSIX have become more correlated (0.73) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
MXIIX vs. ETSIX — Risk / Return Rank
MXIIX
ETSIX
MXIIX vs. ETSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Flexible Income Fund (MXIIX) and Eaton Vance Strategic Income Fund Class I (ETSIX). 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 | ETSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.55 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 3.29 | -2.26 |
| Martin ratioReturn relative to average drawdown | 3.16 | 10.89 | -7.73 |
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Drawdowns
MXIIX vs. ETSIX - Drawdown Comparison
The maximum MXIIX drawdown since its inception was -37.45%, which is greater than ETSIX's maximum drawdown of -12.63%. Use the drawdown chart below to compare losses from any high point for MXIIX and ETSIX.
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Drawdown Indicators
| MXIIX | ETSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.45% | -12.63% | -24.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.43% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -2.47% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -11.59% | -6.34% | -5.25% |
Max Drawdown (10Y)Largest decline over 10 years | -15.21% | -12.28% | -2.93% |
Current DrawdownCurrent decline from peak | -2.00% | -0.75% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -1.43% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.73% | +0.14% |
Volatility
MXIIX vs. ETSIX - Volatility Comparison
The current volatility for Touchstone Flexible Income Fund (MXIIX) is 0.81%, while Eaton Vance Strategic Income Fund Class I (ETSIX) has a volatility of 0.94%. This indicates that MXIIX experiences smaller price fluctuations and is considered to be less risky than ETSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXIIX | ETSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.94% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.48% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 2.97% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 3.26% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 3.16% | +1.25% |
MXIIX vs. ETSIX - Expense Ratio Comparison
MXIIX has a 0.79% expense ratio, which is lower than ETSIX's 1.46% expense ratio.
Dividends
MXIIX vs. ETSIX - Dividend Comparison
MXIIX's dividend yield for the trailing twelve months is around 5.52%, less than ETSIX's 7.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETSIX Eaton Vance Strategic Income Fund Class I | 7.18% | 5.65% | 6.97% | 6.93% | 5.56% | 4.31% | 4.19% | 4.29% | 3.98% | 3.70% | 3.94% | 4.32% |
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 ETSIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETSIX has higher volatility (0.94%) compared to MXIIX (0.81%). In terms of maximum drawdown, MXIIX dropped -37.45% vs ETSIX's -12.63%.
ETSIX currently has the higher Sharpe Ratio (2.70 vs 0.85), 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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