SEBLX vs. IOEZX
SEBLX (Touchstone Balanced Fund) and IOEZX (ICON Equity Income Fund) are both Diversified Portfolio funds. Over the past 10 years, SEBLX returned 11.19%/yr vs 8.86%/yr for IOEZX. Their correlation of 0.82 suggests significant overlap in exposure. SEBLX charges 0.99%/yr vs 1.00%/yr for IOEZX.
Performance
SEBLX vs. IOEZX - Performance Comparison
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Returns By Period
In the year-to-date period, SEBLX achieves a 0.87% return, which is significantly lower than IOEZX's 13.95% return. Over the past 10 years, SEBLX has outperformed IOEZX with an annualized return of 11.19%, while IOEZX has yielded a comparatively lower 8.86% annualized return.
SEBLX
- 1D
- 0.07%
- 1M
- -2.07%
- YTD
- 0.87%
- 6M
- 0.24%
- 1Y
- 10.11%
- 3Y*
- 11.16%
- 5Y*
- 6.10%
- 10Y*
- 11.19%
IOEZX
- 1D
- 0.25%
- 1M
- -1.18%
- YTD
- 13.95%
- 6M
- 13.09%
- 1Y
- 27.63%
- 3Y*
- 12.86%
- 5Y*
- 5.10%
- 10Y*
- 8.86%
SEBLX vs. IOEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEBLX Touchstone Balanced Fund | 0.87% | 13.59% | 13.08% | 18.17% | -16.16% | 13.95% | 18.74% | 39.05% | -2.74% | 15.69% |
IOEZX ICON Equity Income Fund | 13.95% | 14.29% | 6.12% | 3.82% | -13.56% | 24.15% | 3.16% | 27.70% | -10.11% | 13.59% |
Correlation
The correlation between SEBLX and IOEZX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2004 | 0.82 |
Over the past year, the correlation between SEBLX and IOEZX has dropped to 0.45 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
SEBLX vs. IOEZX — Risk / Return Rank
SEBLX
IOEZX
SEBLX vs. IOEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Balanced Fund (SEBLX) and ICON Equity Income Fund (IOEZX). 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.
| SEBLX | IOEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.96 | -2.75 |
| Martin ratioReturn relative to average drawdown | 5.07 | 14.42 | -9.35 |
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Drawdowns
SEBLX vs. IOEZX - Drawdown Comparison
The maximum SEBLX drawdown since its inception was -36.70%, smaller than the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for SEBLX and IOEZX.
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Drawdown Indicators
| SEBLX | IOEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.70% | -56.15% | +19.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -6.77% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -13.95% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | -21.47% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -22.47% | -38.12% | +15.65% |
Current DrawdownCurrent decline from peak | -2.88% | -2.10% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -8.56% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.86% | +0.12% |
Volatility
SEBLX vs. IOEZX - Volatility Comparison
The current volatility for Touchstone Balanced Fund (SEBLX) is 3.34%, while ICON Equity Income Fund (IOEZX) has a volatility of 3.63%. This indicates that SEBLX experiences smaller price fluctuations and is considered to be less risky than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEBLX | IOEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 3.63% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 8.98% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.74% | 12.20% | -3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.32% | 13.78% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.21% | 16.46% | -4.25% |
SEBLX vs. IOEZX - Expense Ratio Comparison
SEBLX has a 0.99% expense ratio, which is lower than IOEZX's 1.00% expense ratio.
Dividends
SEBLX vs. IOEZX - Dividend Comparison
SEBLX's dividend yield for the trailing twelve months is around 4.99%, more than IOEZX's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOEZX ICON Equity Income Fund | 2.97% | 3.56% | 4.32% | 3.75% | 13.63% | 12.92% | 3.68% | 4.74% | 3.80% | 3.13% | 3.32% | 4.24% |
SEBLX Touchstone Balanced Fund | 4.99% | 5.03% | 1.83% | 1.26% | 0.99% | 2.74% | 7.72% | 24.06% | 7.04% | 6.00% | 1.98% | 5.91% |
Frequently Asked Questions
SEBLX and IOEZX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOEZX has higher volatility (3.63%) compared to SEBLX (3.34%). In terms of maximum drawdown, SEBLX dropped -36.70% vs IOEZX's -56.15%.
IOEZX currently has the higher Sharpe Ratio (2.20 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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