TCVIX vs. MXMVX

Last updated Jun 5, 2026

TCVIX (Touchstone Mid Cap Value Fund) and MXMVX (Great-West Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, TCVIX returned 9.36%/yr vs 7.54%/yr for MXMVX. Their correlation of 0.92 suggests significant overlap in exposure. TCVIX charges 0.85%/yr vs 1.15%/yr for MXMVX.

Performance

TCVIX vs. MXMVX - Performance Comparison

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

Returns By Period

In the year-to-date period, TCVIX achieves a 14.71% return, which is significantly higher than MXMVX's 12.37% return. Over the past 10 years, TCVIX has outperformed MXMVX with an annualized return of 9.36%, while MXMVX has yielded a comparatively lower 7.54% annualized return.

TCVIX

• 1D: -0.25%
• 1M: -0.72%
• YTD: 14.71%
• 6M: 14.38%
• 1Y: 26.74%
• 3Y*: 14.23%
• 5Y*: 7.22%
• 10Y*: 9.36%

MXMVX

• 1D: 0.44%
• 1M: 1.48%
• YTD: 12.37%
• 6M: 13.17%
• 1Y: 22.43%
• 3Y*: 16.43%
• 5Y*: 4.82%
• 10Y*: 7.54%

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

TCVIX vs. MXMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TCVIX Touchstone Mid Cap Value Fund	14.71%	10.00%	8.61%	7.78%	-8.38%	27.12%	5.70%	29.76%	-16.77%	14.09%
MXMVX Great-West Mid Cap Value Fund	12.37%	8.32%	15.59%	15.15%	-27.98%	34.87%	-0.99%	20.49%	-13.76%	16.62%

Correlation

The correlation between TCVIX and MXMVX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Oct 2, 2009	0.92

The correlation between TCVIX and MXMVX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.

Return for Risk

TCVIX vs. MXMVX — Risk / Return Rank

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

TCVIX

TCVIX Risk / Return Rank: 52
TCVIX Sharpe Ratio Rank: 45
TCVIX Sortino Ratio Rank: 46
TCVIX Omega Ratio Rank: 42
TCVIX Calmar Ratio Rank: 65
TCVIX Martin Ratio Rank: 60

MXMVX

MXMVX Risk / Return Rank: 50
MXMVX Sharpe Ratio Rank: 41
MXMVX Sortino Ratio Rank: 42
MXMVX Omega Ratio Rank: 38
MXMVX Calmar Ratio Rank: 71
MXMVX Martin Ratio Rank: 57

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. MXMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Mid Cap Value Fund (TCVIX) and Great-West Mid Cap Value Fund (MXMVX). 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.

	TCVIX	MXMVX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.88	+0.05
Sortino ratio: Return per unit of downside risk	2.81	2.73	+0.08
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	3.07	3.28	-0.21
Martin ratio: Return relative to average drawdown	11.75	11.52	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCVIX vs. MXMVX - Sharpe Ratio Comparison

The current TCVIX Sharpe Ratio is 1.93, which is comparable to the MXMVX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of TCVIX and MXMVX, 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

	TCVIX	MXMVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	1.88	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.25	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.37	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.21	+0.39

Drawdowns

TCVIX vs. MXMVX - Drawdown Comparison

The maximum TCVIX drawdown since its inception was -41.89%, smaller than the maximum MXMVX drawdown of -57.13%. Use the drawdown chart below to compare losses from any high point for TCVIX and MXMVX.

Drawdown Indicators

	TCVIX	MXMVX	Difference
Max Drawdown Largest peak-to-trough decline	-41.89%	-57.13%	+15.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-7.45%	-1.07%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-20.78%	+1.80%
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	-34.69%	+15.32%
Max Drawdown (10Y) Largest decline over 10 years	-41.89%	-45.46%	+3.57%
Current Drawdown Current decline from peak	-1.08%	-0.44%	-0.64%
Average Drawdown Average peak-to-trough decline	-5.39%	-12.51%	+7.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.12%	+0.10%

Volatility

TCVIX vs. MXMVX - Volatility Comparison

Touchstone Mid Cap Value Fund (TCVIX) has a higher volatility of 3.72% compared to Great-West Mid Cap Value Fund (MXMVX) at 3.33%. This indicates that TCVIX's price experiences larger fluctuations and is considered to be riskier than MXMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCVIX	MXMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	3.33%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	10.25%	9.40%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	13.59%	13.02%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	19.66%	-2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	20.57%	-1.41%

TCVIX vs. MXMVX - Expense Ratio Comparison

TCVIX has a 0.85% expense ratio, which is lower than MXMVX's 1.15% expense ratio.

Dividends

TCVIX vs. MXMVX - Dividend Comparison

TCVIX's dividend yield for the trailing twelve months is around 3.70%, less than MXMVX's 5.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MXMVX Great-West Mid Cap Value Fund	5.33%	5.98%	9.03%	0.49%	2.55%	3.29%	0.71%	0.17%	7.06%	12.00%	0.00%	0.00%
TCVIX Touchstone Mid Cap Value Fund	3.70%	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 MXMVX in my portfolio?

TCVIX and MXMVX have a correlation of 0.87, 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 MXMVX?

TCVIX has higher volatility (3.72%) compared to MXMVX (3.33%). In terms of maximum drawdown, TCVIX dropped -41.89% vs MXMVX's -57.13%.

Which has better risk-adjusted returns?

TCVIX currently has the higher Sharpe Ratio (1.93 vs 1.88), 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.