SCSPX vs. TCPYX
SCSPX (Sterling Capital Quality Income Fund) and TCPYX (Touchstone Impact Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, SCSPX returned 1.87%/yr vs 1.52%/yr for TCPYX. Their correlation of 0.86 suggests significant overlap in exposure. SCSPX charges 0.58%/yr vs 0.51%/yr for TCPYX.
Performance
SCSPX vs. TCPYX - Performance Comparison
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Returns By Period
In the year-to-date period, SCSPX achieves a 0.20% return, which is significantly lower than TCPYX's 0.64% return. Over the past 10 years, SCSPX has outperformed TCPYX with an annualized return of 1.87%, while TCPYX has yielded a comparatively lower 1.52% annualized return.
SCSPX
- 1D
- 0.00%
- 1M
- 0.55%
- YTD
- 0.20%
- 6M
- 0.41%
- 1Y
- 4.31%
- 3Y*
- 4.35%
- 5Y*
- 0.88%
- 10Y*
- 1.87%
TCPYX
- 1D
- 0.11%
- 1M
- 1.01%
- YTD
- 0.64%
- 6M
- 0.60%
- 1Y
- 4.21%
- 3Y*
- 4.14%
- 5Y*
- -0.03%
- 10Y*
- 1.52%
SCSPX vs. TCPYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCSPX Sterling Capital Quality Income Fund | 0.20% | 7.61% | 2.38% | 4.51% | -9.02% | -1.05% | 4.58% | 6.24% | 1.49% | 3.09% |
TCPYX Touchstone Impact Bond Fund | 0.64% | 6.75% | 1.77% | 5.32% | -13.07% | -1.01% | 6.72% | 7.91% | 0.16% | 3.94% |
Correlation
The correlation between SCSPX and TCPYX is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.86 |
The correlation between SCSPX and TCPYX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
SCSPX vs. TCPYX — Risk / Return Rank
SCSPX
TCPYX
SCSPX vs. TCPYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Quality Income Fund (SCSPX) 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.
| SCSPX | TCPYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.52 | +0.04 |
| Martin ratioReturn relative to average drawdown | 4.48 | 4.32 | +0.15 |
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Drawdowns
SCSPX vs. TCPYX - Drawdown Comparison
The maximum SCSPX drawdown since its inception was -13.41%, smaller than the maximum TCPYX drawdown of -18.12%. Use the drawdown chart below to compare losses from any high point for SCSPX and TCPYX.
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Drawdown Indicators
| SCSPX | TCPYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.41% | -18.12% | +4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.92% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.08% | -5.79% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -13.41% | -18.12% | +4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -13.41% | -18.12% | +4.71% |
Current DrawdownCurrent decline from peak | -1.72% | -1.87% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -3.22% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.03% | -0.01% |
Volatility
SCSPX vs. TCPYX - Volatility Comparison
Sterling Capital Quality Income Fund (SCSPX) has a higher volatility of 1.13% compared to Touchstone Impact Bond Fund (TCPYX) at 1.05%. This indicates that SCSPX'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.
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Volatility by Period
| SCSPX | TCPYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.05% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.84% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 3.87% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 5.90% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.95% | 4.85% | -0.90% |
SCSPX vs. TCPYX - Expense Ratio Comparison
SCSPX has a 0.58% expense ratio, which is higher than TCPYX's 0.51% expense ratio.
Dividends
SCSPX vs. TCPYX - Dividend Comparison
SCSPX's dividend yield for the trailing twelve months is around 3.92%, which matches TCPYX's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCSPX Sterling Capital Quality Income Fund | 3.92% | 3.85% | 3.60% | 2.57% | 2.37% | 2.05% | 2.50% | 2.99% | 3.19% | 2.74% | 2.66% | 2.71% |
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
SCSPX and TCPYX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCSPX has higher volatility (1.13%) compared to TCPYX (1.05%). In terms of maximum drawdown, SCSPX dropped -13.41% vs TCPYX's -18.12%.
SCSPX currently has the higher Sharpe Ratio (1.26 vs 1.16), 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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