RBFFX vs. TCPYX
RBFFX (American Funds The Bond Fund of America) and TCPYX (Touchstone Impact Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, RBFFX returned 1.99%/yr vs 1.51%/yr for TCPYX. Their correlation of 0.89 suggests significant overlap in exposure. RBFFX charges 0.29%/yr vs 0.51%/yr for TCPYX.
Performance
RBFFX vs. TCPYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RBFFX achieves a 0.13% return, which is significantly lower than TCPYX's 0.53% return. Over the past 10 years, RBFFX has outperformed TCPYX with an annualized return of 1.99%, while TCPYX has yielded a comparatively lower 1.51% annualized return.
RBFFX
- 1D
- 0.18%
- 1M
- 0.91%
- YTD
- 0.13%
- 6M
- 0.59%
- 1Y
- 4.60%
- 3Y*
- 4.01%
- 5Y*
- -0.00%
- 10Y*
- 1.99%
TCPYX
- 1D
- -0.22%
- 1M
- 0.90%
- YTD
- 0.53%
- 6M
- 0.70%
- 1Y
- 4.32%
- 3Y*
- 4.11%
- 5Y*
- -0.05%
- 10Y*
- 1.51%
RBFFX vs. TCPYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RBFFX American Funds The Bond Fund of America | 0.13% | 7.49% | 1.47% | 4.65% | -13.03% | -0.64% | 11.07% | 8.13% | 0.17% | 3.53% |
TCPYX Touchstone Impact Bond Fund | 0.53% | 6.75% | 1.77% | 5.32% | -13.07% | -1.01% | 6.72% | 7.91% | 0.16% | 3.94% |
Correlation
The correlation between RBFFX and TCPYX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009 | 0.89 |
The correlation between RBFFX and TCPYX has been stable across timeframes, ranging from 0.89 to 0.94 - 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
RBFFX vs. TCPYX — Risk / Return Rank
RBFFX
TCPYX
RBFFX vs. TCPYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Bond Fund of America (RBFFX) and Touchstone Impact Bond Fund (TCPYX). 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.
| RBFFX | TCPYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.60 | -0.08 |
| Martin ratioReturn relative to average drawdown | 4.29 | 4.56 | -0.27 |
Loading charts...
Drawdowns
RBFFX vs. TCPYX - Drawdown Comparison
The maximum RBFFX drawdown since its inception was -17.62%, roughly equal to the maximum TCPYX drawdown of -18.12%. Use the drawdown chart below to compare losses from any high point for RBFFX and TCPYX.
Loading charts...
Drawdown Indicators
| RBFFX | TCPYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.62% | -18.12% | +0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.92% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -5.79% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -17.62% | -18.12% | +0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -17.62% | -18.12% | +0.50% |
Current DrawdownCurrent decline from peak | -1.59% | -1.98% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -3.22% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.03% | +0.06% |
Volatility
RBFFX vs. TCPYX - Volatility Comparison
American Funds The Bond Fund of America (RBFFX) has a higher volatility of 1.23% compared to Touchstone Impact Bond Fund (TCPYX) at 1.06%. This indicates that RBFFX's price experiences larger fluctuations and is considered to be riskier than TCPYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RBFFX | TCPYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.06% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.85% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 3.88% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 5.90% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 4.85% | +0.05% |
RBFFX vs. TCPYX - Expense Ratio Comparison
RBFFX has a 0.29% expense ratio, which is lower than TCPYX's 0.51% expense ratio.
Dividends
RBFFX vs. TCPYX - Dividend Comparison
RBFFX's dividend yield for the trailing twelve months is around 4.45%, more than TCPYX's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBFFX American Funds The Bond Fund of America | 4.45% | 4.43% | 4.61% | 3.53% | 2.42% | 2.31% | 5.34% | 3.76% | 2.67% | 2.14% | 2.07% | 2.30% |
TCPYX Touchstone Impact Bond Fund | 3.93% | 3.52% | 3.68% | 3.22% | 2.63% | 1.91% | 2.13% | 2.63% | 2.86% | 2.77% | 2.98% | 2.91% |
Frequently Asked Questions
RBFFX and TCPYX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RBFFX has higher volatility (1.23%) compared to TCPYX (1.06%). In terms of maximum drawdown, RBFFX dropped -17.62% vs TCPYX's -18.12%.
TCPYX currently has the higher Sharpe Ratio (1.21 vs 1.21), 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 RBFFX and TCPYX
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