SWRLX vs. TMCPX

Last updated Jun 3, 2026

SWRLX (Touchstone International Equity Fund) and TMCPX (Touchstone Mid Cap Fund) are both mutual funds - SWRLX is a Foreign Large Cap Equities fund managed by Touchstone, while TMCPX is a Mid Cap Blend Equities fund managed by Touchstone. Over the past 10 years, SWRLX returned 10.69%/yr vs 10.60%/yr for TMCPX. A 0.70 correlation means they provide meaningful diversification when combined. SWRLX charges 1.37%/yr vs 0.93%/yr for TMCPX.

Performance

SWRLX vs. TMCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone International Equity Fund (SWRLX) and Touchstone Mid Cap Fund (TMCPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWRLX achieves a 21.39% return, which is significantly higher than TMCPX's -2.05% return. Both investments have delivered pretty close results over the past 10 years, with SWRLX having a 10.69% annualized return and TMCPX not far behind at 10.60%.

SWRLX

• 1D: 0.37%
• 1M: 7.25%
• YTD: 21.39%
• 6M: 26.24%
• 1Y: 49.51%
• 3Y*: 24.68%
• 5Y*: 12.13%
• 10Y*: 10.69%

TMCPX

• 1D: -0.64%
• 1M: -1.23%
• YTD: -2.05%
• 6M: -0.52%
• 1Y: 5.87%
• 3Y*: 8.52%
• 5Y*: 5.02%
• 10Y*: 10.60%

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

SWRLX vs. TMCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWRLX Touchstone International Equity Fund	21.39%	53.78%	-1.53%	17.63%	-11.02%	3.86%	7.47%	25.87%	-16.81%	27.24%
TMCPX Touchstone Mid Cap Fund	-2.05%	4.87%	8.48%	27.48%	-15.62%	15.21%	12.56%	39.44%	-3.14%	20.23%

Correlation

The correlation between SWRLX and TMCPX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jan 6, 2003	0.70

The correlation between SWRLX and TMCPX shifts across timeframes, from 0.54 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SWRLX vs. TMCPX — Risk / Return Rank

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

SWRLX

SWRLX Risk / Return Rank: 91
SWRLX Sharpe Ratio Rank: 97
SWRLX Sortino Ratio Rank: 92
SWRLX Omega Ratio Rank: 91
SWRLX Calmar Ratio Rank: 89
SWRLX Martin Ratio Rank: 87

TMCPX

TMCPX Risk / Return Rank: 4
TMCPX Sharpe Ratio Rank: 4
TMCPX Sortino Ratio Rank: 5
TMCPX Omega Ratio Rank: 4
TMCPX Calmar Ratio Rank: 4
TMCPX Martin Ratio Rank: 4

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.

SWRLX vs. TMCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone International Equity Fund (SWRLX) and Touchstone Mid Cap Fund (TMCPX). 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.

	SWRLX	TMCPX	Difference
Sharpe ratio Return per unit of total volatility	3.60	0.32	+3.28
Sortino ratio Return per unit of downside risk	4.64	0.58	+4.06
Omega ratio Gain probability vs. loss probability	1.66	1.07	+0.60
Calmar ratio Return relative to maximum drawdown	4.46	0.37	+4.09
Martin ratio Return relative to average drawdown	16.75	1.01	+15.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWRLX vs. TMCPX - Sharpe Ratio Comparison

The current SWRLX Sharpe Ratio is 3.60, which is higher than the TMCPX Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of SWRLX and TMCPX, 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

	SWRLX	TMCPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.60	0.32	+3.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.28	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.58	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.48	-0.07

Drawdowns

SWRLX vs. TMCPX - Drawdown Comparison

The maximum SWRLX drawdown since its inception was -59.44%, roughly equal to the maximum TMCPX drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for SWRLX and TMCPX.

Drawdown Indicators

	SWRLX	TMCPX	Difference
Max Drawdown Largest peak-to-trough decline	-59.44%	-58.03%	-1.41%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-13.48%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-14.08%	-21.47%	+7.39%
Max Drawdown (5Y) Largest decline over 5 years	-34.19%	-21.47%	-12.72%
Max Drawdown (10Y) Largest decline over 10 years	-35.95%	-35.54%	-0.41%
Current Drawdown Current decline from peak	0.00%	-7.93%	+7.93%
Average Drawdown Average peak-to-trough decline	-11.63%	-9.62%	-2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	4.90%	-1.84%

Volatility

SWRLX vs. TMCPX - Volatility Comparison

The current volatility for Touchstone International Equity Fund (SWRLX) is 4.72%, while Touchstone Mid Cap Fund (TMCPX) has a volatility of 5.17%. This indicates that SWRLX experiences smaller price fluctuations and is considered to be less risky than TMCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWRLX	TMCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	5.17%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	12.70%	-0.96%
Volatility (1Y) Calculated over the trailing 1-year period	14.27%	16.41%	-2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.37%	17.84%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.85%	18.50%	-1.65%

SWRLX vs. TMCPX - Expense Ratio Comparison

SWRLX has a 1.37% expense ratio, which is higher than TMCPX's 0.93% expense ratio.

Dividends

SWRLX vs. TMCPX - Dividend Comparison

SWRLX's dividend yield for the trailing twelve months is around 6.29%, more than TMCPX's 2.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWRLX Touchstone International Equity Fund	6.29%	7.63%	10.53%	1.36%	1.56%	14.95%	0.46%	9.10%	15.19%	3.61%	0.66%	3.76%
TMCPX Touchstone Mid Cap Fund	2.25%	2.20%	2.52%	0.92%	1.43%	2.80%	1.93%	5.18%	3.95%	1.10%	0.58%	0.06%

Frequently Asked Questions

Can I hold both SWRLX and TMCPX in my portfolio?

SWRLX and TMCPX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWRLX or TMCPX?

TMCPX has higher volatility (5.17%) compared to SWRLX (4.72%). In terms of maximum drawdown, SWRLX dropped -59.44% vs TMCPX's -58.03%.

Which has better risk-adjusted returns?

SWRLX currently has the higher Sharpe Ratio (3.60 vs 0.32), 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.