SIO vs. TDI

Last updated Jun 4, 2026

SIO (Touchstone Strategic Income Opportunities ETF) and TDI (Touchstone Dynamic International ETF) are both exchange-traded funds - SIO is a Multisector Bonds fund actively managed by Touchstone, while TDI is a Foreign Large Cap Equities fund actively managed by Touchstone. Both are actively managed. Over the past year, SIO returned 6.63% vs 42.61% for TDI. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.

Performance

SIO vs. TDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Strategic Income Opportunities ETF (SIO) and Touchstone Dynamic International ETF (TDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIO achieves a 0.79% return, which is significantly lower than TDI's 18.78% return.

SIO

• 1D: -0.35%
• 1M: 0.27%
• YTD: 0.79%
• 6M: 1.08%
• 1Y: 6.63%
• 3Y*: 7.30%
• 5Y*: —
• 10Y*: —

TDI

• 1D: -1.13%
• 1M: 4.89%
• YTD: 18.78%
• 6M: 22.24%
• 1Y: 42.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIO vs. TDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SIO Touchstone Strategic Income Opportunities ETF	0.79%	9.29%	6.15%	2.71%
TDI Touchstone Dynamic International ETF	18.78%	43.12%	6.39%	4.12%

Correlation

The correlation between SIO and TDI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Dec 12, 2023	0.30

SIO vs. TDI - Sectors Allocation Comparison

Sectors	SIO	TDI
Communication Services	24.7%	5.2%
Financial Services	12.4%	21.5%
Consumer Cyclical	5.8%	4.8%
Industrials	5.2%	17.9%
Energy	3.9%	10.3%
Real Estate	3.6%	-
Basic Materials	3.2%	9.4%
Technology	2.7%	19.1%
Utilities	2.6%	1.2%
Healthcare	1.4%	9.9%
Consumer Defensive	1.1%	0.6%

Return for Risk

SIO vs. TDI — Risk / Return Rank

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

SIO

SIO Risk / Return Rank: 47
SIO Sharpe Ratio Rank: 43
SIO Sortino Ratio Rank: 45
SIO Omega Ratio Rank: 45
SIO Calmar Ratio Rank: 52
SIO Martin Ratio Rank: 47

TDI

TDI Risk / Return Rank: 74
TDI Sharpe Ratio Rank: 76
TDI Sortino Ratio Rank: 72
TDI Omega Ratio Rank: 74
TDI Calmar Ratio Rank: 72
TDI Martin Ratio Rank: 75

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.

SIO vs. TDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Strategic Income Opportunities ETF (SIO) and Touchstone Dynamic International ETF (TDI). 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.

	SIO	TDI	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.47	-0.95
Sortino ratio: Return per unit of downside risk	2.25	3.25	-1.00
Omega ratio: Gain probability vs. loss probability	1.28	1.44	-0.15
Calmar ratio: Return relative to maximum drawdown	2.54	3.54	-1.00
Martin ratio: Return relative to average drawdown	7.78	14.18	-6.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIO vs. TDI - Sharpe Ratio Comparison

The current SIO Sharpe Ratio is 1.52, which is lower than the TDI Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of SIO and TDI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SIO	TDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	2.47	-0.95
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	1.74	-0.42

Drawdowns

SIO vs. TDI - Drawdown Comparison

The maximum SIO drawdown since its inception was -6.94%, smaller than the maximum TDI drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for SIO and TDI.

Drawdown Indicators

	SIO	TDI	Difference
Max Drawdown Largest peak-to-trough decline	-6.94%	-14.99%	+8.05%
Max Drawdown (1Y) Largest decline over 1 year	-2.62%	-12.09%	+9.47%
Max Drawdown (3Y) Largest decline over 3 years	-4.34%	—	—
Current Drawdown Current decline from peak	-1.13%	-1.13%	0.00%
Average Drawdown Average peak-to-trough decline	-1.25%	-2.21%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	3.01%	-2.16%

Volatility

SIO vs. TDI - Volatility Comparison

The current volatility for Touchstone Strategic Income Opportunities ETF (SIO) is 1.15%, while Touchstone Dynamic International ETF (TDI) has a volatility of 6.02%. This indicates that SIO experiences smaller price fluctuations and is considered to be less risky than TDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIO	TDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	6.02%	-4.87%
Volatility (6M) Calculated over the trailing 6-month period	2.97%	14.88%	-11.91%
Volatility (1Y) Calculated over the trailing 1-year period	4.38%	17.31%	-12.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.00%	16.84%	-11.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.00%	16.84%	-11.84%

SIO vs. TDI - Expense Ratio Comparison

Both SIO and TDI have an expense ratio of 0.65%.

Dividends

SIO vs. TDI - Dividend Comparison

SIO's dividend yield for the trailing twelve months is around 6.94%, more than TDI's 1.63% yield.

Position	TTM	2025	2024	2023	2022
SIO Touchstone Strategic Income Opportunities ETF	6.94%	6.80%	5.30%	5.37%	3.12%
TDI Touchstone Dynamic International ETF	1.63%	1.94%	3.39%	0.40%	0.00%

Frequently Asked Questions

Can I hold both SIO and TDI in my portfolio?

SIO and TDI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIO or TDI?

TDI has higher volatility (6.02%) compared to SIO (1.15%). In terms of maximum drawdown, SIO dropped -6.94% vs TDI's -14.99%.

Which ETF is better, SIO or TDI?

On 1-year performance, TDI leads with 42.61% vs 6.63% for SIO. Both ETFs have the same 0.65% expense ratio. On volatility, SIO has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIO or TDI?

Over the 1-year period, TDI has performed better with a 42.61% return vs 6.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIO or TDI?

SIO and TDI have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, SIO or TDI?

SIO has the higher dividend yield at 6.94%, compared with 1.63% for TDI.

What is the main difference between SIO and TDI?

SIO is categorized as Multisector Bonds, while TDI is Foreign Large Cap Equities.

Which has better risk-adjusted returns?

TDI currently has the higher Sharpe Ratio (2.47 vs 1.52), 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.