TCPYX vs. LSSAX
TCPYX (Touchstone Impact Bond Fund) and LSSAX (Loomis Sayles Securitized Asset Fund) are both Intermediate Core Bond funds. Over the past 10 years, TCPYX returned 1.36%/yr vs 2.36%/yr for LSSAX. Their correlation of 0.84 means they have usually moved in the same direction. TCPYX charges 0.51%/yr vs 0.00%/yr for LSSAX.
Performance
TCPYX vs. LSSAX - Performance Comparison
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Returns By Period
In the year-to-date period, TCPYX achieves a -0.04% return, which is significantly lower than LSSAX's 0.81% return. Over the past 10 years, TCPYX has underperformed LSSAX with an annualized return of 1.36%, while LSSAX has yielded a comparatively higher 2.36% annualized return.
TCPYX
- 1D
- -0.34%
- 1M
- -0.78%
- 6M
- -0.27%
- YTD
- -0.04%
- 1Y
- 2.43%
- 3Y*
- 4.08%
- 5Y*
- -0.46%
- 10Y*
- 1.36%
- ALL TIME*
- 2.92%
LSSAX
- 1D
- 0.00%
- 1M
- -0.76%
- 6M
- 0.30%
- YTD
- 0.81%
- 1Y
- 4.81%
- 3Y*
- 5.73%
- 5Y*
- 1.18%
- 10Y*
- 2.36%
- ALL TIME*
- 3.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TCPYX vs. LSSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCPYX Touchstone Impact Bond Fund | -0.04% | 6.75% | 1.77% | 5.32% | -13.07% | -1.01% | 6.72% | 7.91% | 0.16% | 3.94% |
LSSAX Loomis Sayles Securitized Asset Fund | 0.81% | 8.32% | 3.94% | 7.01% | -11.82% | 0.64% | 4.68% | 6.81% | 2.48% | 3.40% |
Correlation
The correlation between TCPYX and LSSAX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009 | 0.84 |
The correlation between TCPYX and LSSAX shifts across timeframes, from 0.76 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TCPYX vs. LSSAX — Risk / Return Rank
TCPYX
LSSAX
TCPYX vs. LSSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Impact Bond Fund (TCPYX) and Loomis Sayles Securitized Asset Fund (LSSAX). 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.
| TCPYX | LSSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.64 | -1.49 |
| Martin ratioReturn relative to average drawdown | 2.95 | 8.13 | -5.19 |
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Drawdowns
TCPYX vs. LSSAX - Drawdown Comparison
The maximum TCPYX drawdown since its inception was -18.12%, which is greater than LSSAX's maximum drawdown of -16.40%. Use the drawdown chart below to compare losses from any high point for TCPYX and LSSAX.
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Drawdown Indicators
| TCPYX | LSSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.12% | -16.40% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -2.16% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -4.99% | -5.09% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -16.31% | -1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -18.12% | -16.40% | -1.72% |
Current DrawdownCurrent decline from peak | -2.53% | -1.30% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -1.97% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.67% | +0.46% |
Volatility
TCPYX vs. LSSAX - Volatility Comparison
Touchstone Impact Bond Fund (TCPYX) and Loomis Sayles Securitized Asset Fund (LSSAX) have volatilities of 0.99% and 1.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCPYX | LSSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.04% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.89% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 3.99% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 5.83% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 4.44% | +0.41% |
TCPYX vs. LSSAX - Expense Ratio Comparison
TCPYX has a 0.51% expense ratio, which is higher than LSSAX's 0.00% expense ratio.
Dividends
TCPYX vs. LSSAX - Dividend Comparison
TCPYX's dividend yield for the trailing twelve months is around 4.03%, less than LSSAX's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSSAX Loomis Sayles Securitized Asset Fund | 4.38% | 4.23% | 4.54% | 5.65% | 6.47% | 6.38% | 5.95% | 5.48% | 5.62% | 5.42% | 5.12% | 5.20% |
TCPYX Touchstone Impact Bond Fund | 4.03% | 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
TCPYX and LSSAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSSAX has higher volatility (1.04%) compared to TCPYX (0.99%). In terms of maximum drawdown, TCPYX dropped -18.12% vs LSSAX's -16.40%.
LSSAX currently has the higher Sharpe Ratio (1.43 vs 0.88), 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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