RFXIX vs. MXIIX
RFXIX (Rational Special Situations Income Fund) and MXIIX (Touchstone Flexible Income Fund) are both Multisector Bonds funds. Over the past 5 years, RFXIX returned 4.10%/yr vs 1.90%/yr for MXIIX. Their 0.45 correlation means their historical movements had little consistent relationship. RFXIX charges 1.76%/yr vs 0.79%/yr for MXIIX.
Performance
RFXIX vs. MXIIX - Performance Comparison
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Returns By Period
In the year-to-date period, RFXIX achieves a 2.23% return, which is significantly higher than MXIIX's -0.19% return.
RFXIX
- 1D
- -0.11%
- 1M
- 0.08%
- 6M
- 1.69%
- YTD
- 2.23%
- 1Y
- 4.75%
- 3Y*
- 5.69%
- 5Y*
- 4.10%
- 10Y*
- —
- ALL TIME*
- 4.12%
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%
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 |
RFXIX vs. MXIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RFXIX Rational Special Situations Income Fund | 2.23% | 4.73% | 8.95% | 4.08% | -0.85% | 5.30% | 2.84% | 1.91% |
MXIIX Touchstone Flexible Income Fund | -0.19% | 6.11% | 4.82% | 7.96% | -8.14% | 3.17% | 8.15% | 1.21% |
Correlation
The correlation between RFXIX and MXIIX is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.45 |
The correlation between RFXIX and MXIIX shifts across timeframes, from 0.45 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RFXIX vs. MXIIX — Risk / Return Rank
RFXIX
MXIIX
RFXIX vs. MXIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rational Special Situations Income Fund (RFXIX) and Touchstone Flexible Income Fund (MXIIX). 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.
| RFXIX | MXIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.76 | ||
| Sortino ratioReturn per unit of downside risk | +4.19 | ||
| Omega ratioGain probability vs. loss probability | 2.05 | 1.15 | +0.90 |
| Calmar ratioReturn relative to maximum drawdown | 6.94 | 1.04 | +5.90 |
| Martin ratioReturn relative to average drawdown | 28.72 | 3.16 | +25.55 |
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Drawdowns
RFXIX vs. MXIIX - Drawdown Comparison
The maximum RFXIX drawdown since its inception was -12.91%, smaller than the maximum MXIIX drawdown of -37.45%. Use the drawdown chart below to compare losses from any high point for RFXIX and MXIIX.
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Drawdown Indicators
| RFXIX | MXIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.91% | -37.45% | +24.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -2.66% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -1.05% | -2.66% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -4.93% | -11.59% | +6.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.21% | — |
Current DrawdownCurrent decline from peak | -0.11% | -2.00% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -3.43% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.87% | -0.70% |
Volatility
RFXIX vs. MXIIX - Volatility Comparison
The current volatility for Rational Special Situations Income Fund (RFXIX) is 0.32%, while Touchstone Flexible Income Fund (MXIIX) has a volatility of 0.81%. This indicates that RFXIX experiences smaller price fluctuations and is considered to be less risky than MXIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFXIX | MXIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 0.81% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 0.79% | 2.54% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 3.25% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.96% | 3.46% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.92% | 4.41% | -1.49% |
RFXIX vs. MXIIX - Expense Ratio Comparison
RFXIX has a 1.76% expense ratio, which is higher than MXIIX's 0.79% expense ratio.
Dividends
RFXIX vs. MXIIX - Dividend Comparison
RFXIX's dividend yield for the trailing twelve months is around 5.24%, less than MXIIX's 5.52% 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% |
RFXIX Rational Special Situations Income Fund | 5.24% | 5.02% | 6.69% | 7.85% | 6.08% | 5.04% | 4.99% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RFXIX and MXIIX have a correlation of 0.64, 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 RFXIX (0.32%). In terms of maximum drawdown, RFXIX dropped -12.91% vs MXIIX's -37.45%.
RFXIX currently has the higher Sharpe Ratio (3.61 vs 0.85), 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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