SAGWX vs. TQPAX

Last updated Jun 26, 2026

SAGWX (Touchstone Small Company Fund) and TQPAX (Touchstone Strategic Income Opportunities Fund) are both mutual funds - SAGWX is a Small Cap Blend Equities fund managed by Touchstone, while TQPAX is a Multisector Bonds fund managed by Touchstone. Over the past 3 years, SAGWX returned 15.29%/yr vs 7.98%/yr for TQPAX. At a 0.29 correlation, their price movements are largely independent. SAGWX charges 1.17%/yr vs 1.00%/yr for TQPAX.

Performance

SAGWX vs. TQPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Small Company Fund (SAGWX) and Touchstone Strategic Income Opportunities Fund (TQPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAGWX achieves a 8.87% return, which is significantly higher than TQPAX's 1.65% return.

SAGWX

• 1D: 1.05%
• 1M: 2.74%
• YTD: 8.87%
• 6M: 6.97%
• 1Y: 21.12%
• 3Y*: 15.29%
• 5Y*: 6.54%
• 10Y*: 12.13%

TQPAX

• 1D: 0.61%
• 1M: 1.05%
• YTD: 1.65%
• 6M: 1.76%
• 1Y: 6.39%
• 3Y*: 7.98%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SAGWX vs. TQPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SAGWX Touchstone Small Company Fund	8.87%	9.58%	13.32%	15.71%	-14.64%	7.76%
TQPAX Touchstone Strategic Income Opportunities Fund	1.65%	8.97%	7.26%	8.37%	-9.86%	-0.64%

Correlation

The correlation between SAGWX and TQPAX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021	0.29

Return for Risk

SAGWX vs. TQPAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SAGWX

SAGWX Risk / Return Rank: 33
SAGWX Sharpe Ratio Rank: 30
SAGWX Sortino Ratio Rank: 32
SAGWX Omega Ratio Rank: 28
SAGWX Calmar Ratio Rank: 41
SAGWX Martin Ratio Rank: 37

TQPAX

TQPAX Risk / Return Rank: 61
TQPAX Sharpe Ratio Rank: 52
TQPAX Sortino Ratio Rank: 61
TQPAX Omega Ratio Rank: 71
TQPAX Calmar Ratio Rank: 67
TQPAX Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SAGWX vs. TQPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Small Company Fund (SAGWX) and Touchstone Strategic Income Opportunities Fund (TQPAX). 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.

	SAGWX	TQPAX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.72	-0.41
Sortino ratio: Return per unit of downside risk	1.97	2.63	-0.66
Omega ratio: Gain probability vs. loss probability	1.23	1.38	-0.15
Calmar ratio: Return relative to maximum drawdown	2.10	2.67	-0.57
Martin ratio: Return relative to average drawdown	6.99	9.28	-2.29

SAGWX vs. TQPAX - Sharpe Ratio Comparison

The current SAGWX Sharpe Ratio is 1.31, which is comparable to the TQPAX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of SAGWX and TQPAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SAGWX vs. TQPAX - Drawdown Comparison

The maximum SAGWX drawdown since its inception was -51.87%, which is greater than TQPAX's maximum drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for SAGWX and TQPAX.

Drawdown Indicators

	SAGWX	TQPAX	Difference
Max Drawdown Largest peak-to-trough decline	-51.87%	-16.94%	-34.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.60%	-2.40%	-7.20%
Max Drawdown (3Y) Largest decline over 3 years	-22.69%	-4.17%	-18.52%
Max Drawdown (5Y) Largest decline over 5 years	-37.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.75%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.87%	-4.32%	-4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	0.69%	+2.19%

Volatility

SAGWX vs. TQPAX - Volatility Comparison

Touchstone Small Company Fund (SAGWX) has a higher volatility of 3.82% compared to Touchstone Strategic Income Opportunities Fund (TQPAX) at 1.05%. This indicates that SAGWX's price experiences larger fluctuations and is considered to be riskier than TQPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAGWX	TQPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	1.05%	+2.77%
Volatility (6M) Calculated over the trailing 6-month period	10.69%	2.69%	+8.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	3.73%	+11.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.87%	5.11%	+17.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.62%	5.11%	+17.51%

SAGWX vs. TQPAX - Expense Ratio Comparison

SAGWX has a 1.17% expense ratio, which is higher than TQPAX's 1.00% expense ratio.

Dividends

SAGWX vs. TQPAX - Dividend Comparison

SAGWX's dividend yield for the trailing twelve months is around 5.35%, more than TQPAX's 4.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SAGWX Touchstone Small Company Fund	5.35%	5.82%	6.03%	0.15%	2.57%	19.71%	0.10%	11.83%	14.83%	9.03%	8.71%	21.16%
TQPAX Touchstone Strategic Income Opportunities Fund	4.65%	4.20%	4.43%	4.95%	4.02%	1.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SAGWX and TQPAX in my portfolio?

SAGWX and TQPAX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAGWX or TQPAX?

SAGWX has higher volatility (3.82%) compared to TQPAX (1.05%). In terms of maximum drawdown, SAGWX dropped -51.87% vs TQPAX's -16.94%.

Which has better risk-adjusted returns?

TQPAX currently has the higher Sharpe Ratio (1.72 vs 1.31), 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.