MXIIX vs. MOFIX
MXIIX (Touchstone Flexible Income Fund) and MOFIX (Mercer Opportunistic Fixed Income Fund) are both Multisector Bonds funds. Over the past 5 years, MXIIX returned 1.90%/yr vs 1.20%/yr for MOFIX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. MXIIX charges 0.79%/yr vs 0.44%/yr for MOFIX.
Performance
MXIIX vs. MOFIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MXIIX achieves a -0.19% return, which is significantly higher than MOFIX's -2.24% 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%
MOFIX
- 1D
- -0.12%
- 1M
- -1.07%
- 6M
- -2.47%
- YTD
- -2.24%
- 1Y
- -0.14%
- 3Y*
- 4.37%
- 5Y*
- 1.20%
- 10Y*
- —
- ALL TIME*
- 2.02%
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. MOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MXIIX Touchstone Flexible Income Fund | -0.19% | 6.11% | 4.82% | 7.96% | -8.14% | 3.17% | 8.15% | 3.40% |
MOFIX Mercer Opportunistic Fixed Income Fund | -2.24% | 8.60% | 2.23% | 12.22% | -11.57% | -1.15% | 5.31% | 3.18% |
Correlation
The correlation between MXIIX and MOFIX is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2019 | 0.58 |
The correlation between MXIIX and MOFIX has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MXIIX vs. MOFIX — Risk / Return Rank
MXIIX
MOFIX
MXIIX vs. MOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Flexible Income Fund (MXIIX) and Mercer Opportunistic Fixed Income Fund (MOFIX). 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 | MOFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.99 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.04 | +1.08 |
| Martin ratioReturn relative to average drawdown | 3.16 | -0.11 | +3.28 |
Loading charts...
Drawdowns
MXIIX vs. MOFIX - Drawdown Comparison
The maximum MXIIX drawdown since its inception was -37.45%, which is greater than MOFIX's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for MXIIX and MOFIX.
Loading charts...
Drawdown Indicators
| MXIIX | MOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.45% | -19.96% | -17.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -3.52% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -8.02% | +5.36% |
Max Drawdown (5Y)Largest decline over 5 years | -11.59% | -19.00% | +7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -15.21% | — | — |
Current DrawdownCurrent decline from peak | -2.00% | -2.70% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -5.10% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.33% | -0.46% |
Volatility
MXIIX vs. MOFIX - Volatility Comparison
Touchstone Flexible Income Fund (MXIIX) has a higher volatility of 0.81% compared to Mercer Opportunistic Fixed Income Fund (MOFIX) at 0.68%. This indicates that MXIIX's price experiences larger fluctuations and is considered to be riskier than MOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MXIIX | MOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.68% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.38% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 2.98% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 7.26% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 7.10% | -2.69% |
MXIIX vs. MOFIX - Expense Ratio Comparison
MXIIX has a 0.79% expense ratio, which is higher than MOFIX's 0.44% expense ratio.
Dividends
MXIIX vs. MOFIX - Dividend Comparison
MXIIX's dividend yield for the trailing twelve months is around 5.52%, more than MOFIX's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOFIX Mercer Opportunistic Fixed Income Fund | 3.40% | 3.32% | 6.91% | 6.44% | 3.81% | 4.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 MOFIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXIIX has higher volatility (0.81%) compared to MOFIX (0.68%). In terms of maximum drawdown, MXIIX dropped -37.45% vs MOFIX's -19.96%.
MXIIX currently has the higher Sharpe Ratio (0.85 vs -0.05), 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.
Find the right allocation for MXIIX and MOFIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer