TCVIX vs. MVCKX

Last updated Jun 24, 2026

TCVIX (Touchstone Mid Cap Value Fund) and MVCKX (MFS Mid Cap Value Fund Class R6) are both Mid Cap Value Equities funds. Over the past 10 years, TCVIX returned 9.72%/yr vs 10.06%/yr for MVCKX. With a 0.97 correlation, they move nearly in lockstep. TCVIX charges 0.85%/yr vs 0.62%/yr for MVCKX.

Performance

TCVIX vs. MVCKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Mid Cap Value Fund (TCVIX) and MFS Mid Cap Value Fund Class R6 (MVCKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCVIX achieves a 15.63% return, which is significantly higher than MVCKX's 11.10% return. Both investments have delivered pretty close results over the past 10 years, with TCVIX having a 9.72% annualized return and MVCKX not far ahead at 10.06%.

TCVIX

• 1D: 0.51%
• 1M: 1.13%
• YTD: 15.63%
• 6M: 14.27%
• 1Y: 25.70%
• 3Y*: 14.35%
• 5Y*: 8.17%
• 10Y*: 9.72%

MVCKX

• 1D: 0.64%
• 1M: 3.18%
• YTD: 11.10%
• 6M: 9.87%
• 1Y: 19.08%
• 3Y*: 11.89%
• 5Y*: 7.62%
• 10Y*: 10.06%

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

TCVIX vs. MVCKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TCVIX Touchstone Mid Cap Value Fund	15.63%	10.00%	8.61%	7.78%	-8.38%	27.12%	5.70%	29.76%	-16.77%	14.09%
MVCKX MFS Mid Cap Value Fund Class R6	11.10%	6.47%	6.80%	12.92%	-8.62%	30.93%	4.40%	31.11%	-11.35%	13.83%

Correlation

The correlation between TCVIX and MVCKX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.97

The correlation between TCVIX and MVCKX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

TCVIX vs. MVCKX — Risk / Return Rank

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

TCVIX

TCVIX Risk / Return Rank: 58
TCVIX Sharpe Ratio Rank: 52
TCVIX Sortino Ratio Rank: 55
TCVIX Omega Ratio Rank: 47
TCVIX Calmar Ratio Rank: 73
TCVIX Martin Ratio Rank: 65

MVCKX

MVCKX Risk / Return Rank: 33
MVCKX Sharpe Ratio Rank: 31
MVCKX Sortino Ratio Rank: 33
MVCKX Omega Ratio Rank: 29
MVCKX Calmar Ratio Rank: 36
MVCKX Martin Ratio Rank: 36

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.

TCVIX vs. MVCKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Mid Cap Value Fund (TCVIX) and MFS Mid Cap Value Fund Class R6 (MVCKX). 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.

	TCVIX	MVCKX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.49	+0.47
Sortino ratio: Return per unit of downside risk	2.85	2.22	+0.63
Omega ratio: Gain probability vs. loss probability	1.34	1.26	+0.08
Calmar ratio: Return relative to maximum drawdown	3.15	2.17	+0.99
Martin ratio: Return relative to average drawdown	12.03	7.44	+4.59

TCVIX vs. MVCKX - Sharpe Ratio Comparison

The current TCVIX Sharpe Ratio is 1.96, which is higher than the MVCKX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of TCVIX and MVCKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TCVIX vs. MVCKX - Drawdown Comparison

The maximum TCVIX drawdown since its inception was -41.89%, roughly equal to the maximum MVCKX drawdown of -42.75%. Use the drawdown chart below to compare losses from any high point for TCVIX and MVCKX.

Drawdown Indicators

	TCVIX	MVCKX	Difference
Max Drawdown Largest peak-to-trough decline	-41.89%	-42.75%	+0.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-9.36%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-25.96%	+6.98%
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	-25.96%	+6.59%
Max Drawdown (10Y) Largest decline over 10 years	-41.89%	-42.75%	+0.86%
Current Drawdown Current decline from peak	-0.50%	-0.43%	-0.07%
Average Drawdown Average peak-to-trough decline	-5.37%	-5.25%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.72%	-0.49%

Volatility

TCVIX vs. MVCKX - Volatility Comparison

The current volatility for Touchstone Mid Cap Value Fund (TCVIX) is 3.55%, while MFS Mid Cap Value Fund Class R6 (MVCKX) has a volatility of 3.75%. This indicates that TCVIX experiences smaller price fluctuations and is considered to be less risky than MVCKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCVIX	MVCKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	3.75%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	9.90%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	13.62%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	17.53%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	19.42%	-0.24%

TCVIX vs. MVCKX - Expense Ratio Comparison

TCVIX has a 0.85% expense ratio, which is higher than MVCKX's 0.62% expense ratio.

Dividends

TCVIX vs. MVCKX - Dividend Comparison

TCVIX's dividend yield for the trailing twelve months is around 3.67%, less than MVCKX's 7.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVCKX MFS Mid Cap Value Fund Class R6	7.44%	8.27%	3.87%	3.00%	5.44%	5.88%	1.12%	2.32%	6.65%	3.68%	0.06%	4.87%
TCVIX Touchstone Mid Cap Value Fund	3.67%	4.25%	5.48%	1.80%	6.59%	6.77%	0.76%	0.91%	5.86%	6.47%	4.44%	7.26%

Frequently Asked Questions

Can I hold both TCVIX and MVCKX in my portfolio?

With a correlation of 0.95, TCVIX and MVCKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TCVIX or MVCKX?

MVCKX has higher volatility (3.75%) compared to TCVIX (3.55%). In terms of maximum drawdown, TCVIX dropped -41.89% vs MVCKX's -42.75%.

Which has better risk-adjusted returns?

TCVIX currently has the higher Sharpe Ratio (1.96 vs 1.49), 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.