MXIIX vs. TSFIX
MXIIX (Touchstone Flexible Income Fund) and TSFIX (Touchstone Small Cap Fund) are both mutual funds - MXIIX is a Multisector Bonds fund managed by Touchstone, while TSFIX is a Small Cap Blend Equities fund managed by Touchstone. Over the past 10 years, MXIIX returned 3.66%/yr vs 9.83%/yr for TSFIX. At a 0.34 correlation, their price movements are largely independent. MXIIX charges 0.79%/yr vs 0.94%/yr for TSFIX.
Performance
MXIIX vs. TSFIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MXIIX achieves a 1.68% return, which is significantly lower than TSFIX's 7.45% return. Over the past 10 years, MXIIX has underperformed TSFIX with an annualized return of 3.66%, while TSFIX has yielded a comparatively higher 9.83% 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%
TSFIX
- 1D
- 1.42%
- 1M
- 3.40%
- YTD
- 7.45%
- 6M
- 5.82%
- 1Y
- 15.21%
- 3Y*
- 12.15%
- 5Y*
- 9.02%
- 10Y*
- 9.83%
MXIIX vs. TSFIX - 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% |
TSFIX Touchstone Small Cap Fund | 7.45% | 5.89% | 11.13% | 20.89% | -9.70% | 20.04% | 10.34% | 39.71% | -9.59% | 6.27% |
Correlation
The correlation between MXIIX and TSFIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009 | 0.34 |
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. TSFIX — Risk / Return Rank
MXIIX
TSFIX
MXIIX vs. TSFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Flexible Income Fund (MXIIX) and Touchstone Small Cap Fund (TSFIX). 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 | TSFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.58 | +0.67 |
| Martin ratioReturn relative to average drawdown | 7.52 | 4.50 | +3.02 |
Loading charts...
Drawdowns
MXIIX vs. TSFIX - Drawdown Comparison
The maximum MXIIX drawdown since its inception was -37.45%, roughly equal to the maximum TSFIX drawdown of -39.00%. Use the drawdown chart below to compare losses from any high point for MXIIX and TSFIX.
Loading charts...
Drawdown Indicators
| MXIIX | TSFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.45% | -39.00% | +1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -9.54% | +6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -24.76% | +22.10% |
Max Drawdown (5Y)Largest decline over 5 years | -11.59% | -28.30% | +16.71% |
Max Drawdown (10Y)Largest decline over 10 years | -15.21% | -39.00% | +23.79% |
Current DrawdownCurrent decline from peak | -0.16% | -1.50% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -6.89% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 3.33% | -2.54% |
Volatility
MXIIX vs. TSFIX - Volatility Comparison
The current volatility for Touchstone Flexible Income Fund (MXIIX) is 0.86%, while Touchstone Small Cap Fund (TSFIX) has a volatility of 4.41%. This indicates that MXIIX experiences smaller price fluctuations and is considered to be less risky than TSFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MXIIX | TSFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 4.41% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 10.77% | -8.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 15.95% | -12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.44% | 20.78% | -17.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 21.77% | -17.36% |
MXIIX vs. TSFIX - Expense Ratio Comparison
MXIIX has a 0.79% expense ratio, which is lower than TSFIX's 0.94% expense ratio.
Dividends
MXIIX vs. TSFIX - Dividend Comparison
MXIIX's dividend yield for the trailing twelve months is around 5.21%, more than TSFIX's 0.27% 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% |
TSFIX Touchstone Small Cap Fund | 0.27% | 5.87% | 1.43% | 3.37% | 1.89% | 13.31% | 2.52% | 18.54% | 32.83% | 22.85% | 0.37% | 13.55% |
Frequently Asked Questions
MXIIX and TSFIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSFIX has higher volatility (4.41%) compared to MXIIX (0.86%). In terms of maximum drawdown, MXIIX dropped -37.45% vs TSFIX's -39.00%.
MXIIX currently has the higher Sharpe Ratio (1.81 vs 0.94), 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 TSFIX
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