MXIIX vs. SWRLX
MXIIX (Touchstone Flexible Income Fund) and SWRLX (Touchstone International Equity Fund) are both mutual funds - MXIIX is a Multisector Bonds fund managed by Touchstone, while SWRLX is a Foreign Large Cap Equities fund managed by Touchstone. Over the past 10 years, MXIIX returned 3.66%/yr vs 10.91%/yr for SWRLX. At a 0.38 correlation, their price movements are largely independent. MXIIX charges 0.79%/yr vs 1.37%/yr for SWRLX.
Performance
MXIIX vs. SWRLX - 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 SWRLX's 23.43% return. Over the past 10 years, MXIIX has underperformed SWRLX with an annualized return of 3.66%, while SWRLX has yielded a comparatively higher 10.91% 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%
SWRLX
- 1D
- 1.18%
- 1M
- 4.11%
- YTD
- 23.43%
- 6M
- 24.48%
- 1Y
- 52.80%
- 3Y*
- 24.37%
- 5Y*
- 13.03%
- 10Y*
- 10.91%
MXIIX vs. SWRLX - 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% |
SWRLX Touchstone International Equity Fund | 23.43% | 53.78% | -1.53% | 17.63% | -11.02% | 3.86% | 7.47% | 25.87% | -16.81% | 27.24% |
Correlation
The correlation between MXIIX and SWRLX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 1998 | 0.38 |
The correlation between MXIIX and SWRLX shifts across timeframes, from 0.31 (3 years) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MXIIX vs. SWRLX — Risk / Return Rank
MXIIX
SWRLX
MXIIX vs. SWRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Flexible Income Fund (MXIIX) and Touchstone International Equity Fund (SWRLX). 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 | SWRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.64 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 4.51 | -2.26 |
| Martin ratioReturn relative to average drawdown | 7.52 | 16.69 | -9.17 |
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Drawdowns
MXIIX vs. SWRLX - Drawdown Comparison
The maximum MXIIX drawdown since its inception was -37.45%, smaller than the maximum SWRLX drawdown of -59.44%. Use the drawdown chart below to compare losses from any high point for MXIIX and SWRLX.
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Drawdown Indicators
| MXIIX | SWRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.45% | -59.44% | +21.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -11.49% | +8.83% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -14.08% | +11.42% |
Max Drawdown (5Y)Largest decline over 5 years | -11.59% | -34.19% | +22.60% |
Max Drawdown (10Y)Largest decline over 10 years | -15.21% | -35.95% | +20.74% |
Current DrawdownCurrent decline from peak | -0.16% | 0.00% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -11.61% | +8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 3.10% | -2.31% |
Volatility
MXIIX vs. SWRLX - Volatility Comparison
The current volatility for Touchstone Flexible Income Fund (MXIIX) is 0.86%, while Touchstone International Equity Fund (SWRLX) has a volatility of 5.97%. This indicates that MXIIX experiences smaller price fluctuations and is considered to be less risky than SWRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXIIX | SWRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 5.97% | -5.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 12.81% | -10.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 14.98% | -11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.44% | 17.52% | -14.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 16.89% | -12.48% |
MXIIX vs. SWRLX - Expense Ratio Comparison
MXIIX has a 0.79% expense ratio, which is lower than SWRLX's 1.37% expense ratio.
Dividends
MXIIX vs. SWRLX - Dividend Comparison
MXIIX's dividend yield for the trailing twelve months is around 5.21%, less than SWRLX's 6.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SWRLX Touchstone International Equity Fund | 6.18% | 7.63% | 10.53% | 1.36% | 1.56% | 14.95% | 0.46% | 9.10% | 15.19% | 3.61% | 0.66% | 3.76% |
Frequently Asked Questions
MXIIX and SWRLX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWRLX has higher volatility (5.97%) compared to MXIIX (0.86%). In terms of maximum drawdown, MXIIX dropped -37.45% vs SWRLX's -59.44%.
SWRLX currently has the higher Sharpe Ratio (3.45 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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