TCVIX vs. MVEIX

Last updated Jun 23, 2026

TCVIX (Touchstone Mid Cap Value Fund) and MVEIX (Monteagle Select Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, TCVIX returned 9.38%/yr vs 10.10%/yr for MVEIX. Their correlation of 0.89 suggests significant overlap in exposure. TCVIX charges 0.85%/yr vs 1.45%/yr for MVEIX.

Performance

TCVIX vs. MVEIX - Performance Comparison

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

Returns By Period

In the year-to-date period, TCVIX achieves a 15.05% return, which is significantly higher than MVEIX's 12.59% return. Over the past 10 years, TCVIX has underperformed MVEIX with an annualized return of 9.38%, while MVEIX has yielded a comparatively higher 10.10% annualized return.

TCVIX

• 1D: 0.40%
• 1M: 0.62%
• YTD: 15.05%
• 6M: 13.33%
• 1Y: 26.10%
• 3Y*: 13.27%
• 5Y*: 8.48%
• 10Y*: 9.38%

MVEIX

• 1D: 1.26%
• 1M: 1.02%
• YTD: 12.59%
• 6M: 11.96%
• 1Y: 26.63%
• 3Y*: 14.26%
• 5Y*: 7.85%
• 10Y*: 10.10%

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

TCVIX vs. MVEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TCVIX Touchstone Mid Cap Value Fund	15.05%	10.00%	8.61%	7.78%	-8.38%	27.12%	5.70%	29.76%	-16.77%	14.09%
MVEIX Monteagle Select Value Fund	12.59%	14.79%	7.97%	6.60%	-11.14%	40.11%	4.89%	28.29%	-16.96%	11.14%

Correlation

The correlation between TCVIX and MVEIX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009	0.89

The correlation between TCVIX and MVEIX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

TCVIX vs. MVEIX — Risk / Return Rank

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

TCVIX

TCVIX Risk / Return Rank: 57
TCVIX Sharpe Ratio Rank: 50
TCVIX Sortino Ratio Rank: 53
TCVIX Omega Ratio Rank: 45
TCVIX Calmar Ratio Rank: 71
TCVIX Martin Ratio Rank: 64

MVEIX

MVEIX Risk / Return Rank: 63
MVEIX Sharpe Ratio Rank: 61
MVEIX Sortino Ratio Rank: 64
MVEIX Omega Ratio Rank: 53
MVEIX Calmar Ratio Rank: 75
MVEIX Martin Ratio Rank: 61

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. MVEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Mid Cap Value Fund (TCVIX) and Monteagle Select Value Fund (MVEIX). 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	MVEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.12	-0.19
Sortino ratio: Return per unit of downside risk	2.81	3.06	-0.25
Omega ratio: Gain probability vs. loss probability	1.34	1.37	-0.03
Calmar ratio: Return relative to maximum drawdown	3.10	3.23	-0.12
Martin ratio: Return relative to average drawdown	11.84	11.37	+0.47

TCVIX vs. MVEIX - Sharpe Ratio Comparison

The current TCVIX Sharpe Ratio is 1.93, which is comparable to the MVEIX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of TCVIX and MVEIX, 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. MVEIX - Drawdown Comparison

The maximum TCVIX drawdown since its inception was -41.89%, smaller than the maximum MVEIX drawdown of -58.09%. Use the drawdown chart below to compare losses from any high point for TCVIX and MVEIX.

Drawdown Indicators

	TCVIX	MVEIX	Difference
Max Drawdown Largest peak-to-trough decline	-41.89%	-58.09%	+16.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-8.33%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-16.93%	-2.05%
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	-20.72%	+1.35%
Max Drawdown (10Y) Largest decline over 10 years	-41.89%	-50.45%	+8.56%
Current Drawdown Current decline from peak	-1.00%	-1.60%	+0.60%
Average Drawdown Average peak-to-trough decline	-5.37%	-10.79%	+5.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.36%	-0.13%

Volatility

TCVIX vs. MVEIX - Volatility Comparison

The current volatility for Touchstone Mid Cap Value Fund (TCVIX) is 3.68%, while Monteagle Select Value Fund (MVEIX) has a volatility of 4.58%. This indicates that TCVIX experiences smaller price fluctuations and is considered to be less risky than MVEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCVIX	MVEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	4.58%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	10.34%	9.04%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.69%	12.67%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.19%	15.29%	+1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	25.02%	-5.85%

TCVIX vs. MVEIX - Expense Ratio Comparison

TCVIX has a 0.85% expense ratio, which is lower than MVEIX's 1.45% expense ratio.

Dividends

TCVIX vs. MVEIX - Dividend Comparison

TCVIX's dividend yield for the trailing twelve months is around 3.69%, less than MVEIX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVEIX Monteagle Select Value Fund	4.09%	4.83%	7.76%	0.53%	4.32%	14.24%	36.67%	3.44%	12.07%	5.70%	2.71%	40.45%
TCVIX Touchstone Mid Cap Value Fund	3.69%	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 MVEIX in my portfolio?

TCVIX and MVEIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TCVIX or MVEIX?

MVEIX has higher volatility (4.58%) compared to TCVIX (3.68%). In terms of maximum drawdown, TCVIX dropped -41.89% vs MVEIX's -58.09%.

Which has better risk-adjusted returns?

MVEIX currently has the higher Sharpe Ratio (2.12 vs 1.93), 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.