MXIIX vs. WDI
MXIIX (Touchstone Flexible Income Fund) and WDI (Western Asset Diversified Income Fund) are both Multisector Bonds funds. Over the past 5 years, MXIIX returned 1.90%/yr vs 2.57%/yr for WDI. Their 0.32 correlation means their historical movements had little consistent relationship. MXIIX charges 0.79%/yr vs 1.73%/yr for WDI.
Performance
MXIIX vs. WDI - 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 WDI's 0.85% 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%
WDI
- 1D
- -0.46%
- 1M
- -3.68%
- 6M
- -0.09%
- YTD
- 0.85%
- 1Y
- -0.88%
- 3Y*
- 10.92%
- 5Y*
- 2.57%
- 10Y*
- —
- ALL TIME*
- 2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.79M | $2.54M | $2.49M |
MXIIX vs. WDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MXIIX Touchstone Flexible Income Fund | -0.19% | 6.11% | 4.82% | 7.96% | -8.14% | 0.75% |
WDI Western Asset Diversified Income Fund | 0.85% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
Correlation
The correlation between MXIIX and WDI is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.32 |
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Return for Risk
MXIIX vs. WDI — Risk / Return Rank
MXIIX
WDI
MXIIX vs. WDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Flexible Income Fund (MXIIX) and Western Asset Diversified Income Fund (WDI). 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 | WDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.99 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.10 | +1.14 |
| Martin ratioReturn relative to average drawdown | 3.16 | -0.25 | +3.41 |
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Drawdowns
MXIIX vs. WDI - Drawdown Comparison
The maximum MXIIX drawdown since its inception was -37.45%, which is greater than WDI's maximum drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for MXIIX and WDI.
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Drawdown Indicators
| MXIIX | WDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.45% | -32.45% | -5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -8.47% | +5.81% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -14.14% | +11.48% |
Max Drawdown (5Y)Largest decline over 5 years | -11.59% | -32.45% | +20.86% |
Max Drawdown (10Y)Largest decline over 10 years | -15.21% | — | — |
Current DrawdownCurrent decline from peak | -2.00% | -4.31% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -10.16% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 3.54% | -2.67% |
Volatility
MXIIX vs. WDI - Volatility Comparison
The current volatility for Touchstone Flexible Income Fund (MXIIX) is 0.81%, while Western Asset Diversified Income Fund (WDI) has a volatility of 2.96%. This indicates that MXIIX experiences smaller price fluctuations and is considered to be less risky than WDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXIIX | WDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 2.96% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 7.95% | -5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 9.75% | -6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 12.99% | -9.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 12.88% | -8.47% |
MXIIX vs. WDI - Expense Ratio Comparison
MXIIX has a 0.79% expense ratio, which is lower than WDI's 1.73% expense ratio.
Dividends
MXIIX vs. WDI - Dividend Comparison
MXIIX's dividend yield for the trailing twelve months is around 5.52%, less than WDI's 13.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WDI Western Asset Diversified Income Fund | 13.67% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MXIIX and WDI have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDI has higher volatility (2.96%) compared to MXIIX (0.81%). In terms of maximum drawdown, MXIIX dropped -37.45% vs WDI's -32.45%.
MXIIX currently has the higher Sharpe Ratio (0.85 vs -0.09), 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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