TCVIX vs. PMDIX

Last updated Jun 5, 2026

TCVIX (Touchstone Mid Cap Value Fund) and PMDIX (Principal Small-MidCap Dividend Income Fund) are both Mid Cap Value Equities funds. Over the past 10 years, TCVIX returned 9.36%/yr vs 9.83%/yr for PMDIX. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

TCVIX vs. PMDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Mid Cap Value Fund (TCVIX) and Principal Small-MidCap Dividend Income Fund (PMDIX). 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 PMDIX's 12.17% return. Over the past 10 years, TCVIX has underperformed PMDIX with an annualized return of 9.36%, while PMDIX has yielded a comparatively higher 9.83% 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%

PMDIX

• 1D: -0.14%
• 1M: -0.46%
• YTD: 12.17%
• 6M: 11.68%
• 1Y: 24.42%
• 3Y*: 17.18%
• 5Y*: 9.31%
• 10Y*: 9.83%

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

TCVIX vs. PMDIX - 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%
PMDIX Principal Small-MidCap Dividend Income Fund	12.17%	8.63%	14.56%	18.81%	-11.66%	30.41%	-6.40%	25.38%	-13.80%	13.30%

Correlation

The correlation between TCVIX and PMDIX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 8, 2011	0.93

The correlation between TCVIX and PMDIX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

TCVIX vs. PMDIX — 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

PMDIX

PMDIX Risk / Return Rank: 35
PMDIX Sharpe Ratio Rank: 33
PMDIX Sortino Ratio Rank: 36
PMDIX Omega Ratio Rank: 31
PMDIX Calmar Ratio Rank: 38
PMDIX Martin Ratio Rank: 39

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. PMDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Mid Cap Value Fund (TCVIX) and Principal Small-MidCap Dividend Income Fund (PMDIX). 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	PMDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.63	+0.30
Sortino ratio: Return per unit of downside risk	2.81	2.47	+0.34
Omega ratio: Gain probability vs. loss probability	1.34	1.29	+0.05
Calmar ratio: Return relative to maximum drawdown	3.07	2.28	+0.79
Martin ratio: Return relative to average drawdown	11.75	8.35	+3.40
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. PMDIX - Sharpe Ratio Comparison

The current TCVIX Sharpe Ratio is 1.93, which is comparable to the PMDIX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of TCVIX and PMDIX, 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	PMDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	1.63	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.50	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.49	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.56	+0.05

Drawdowns

TCVIX vs. PMDIX - Drawdown Comparison

The maximum TCVIX drawdown since its inception was -41.89%, smaller than the maximum PMDIX drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for TCVIX and PMDIX.

Drawdown Indicators

	TCVIX	PMDIX	Difference
Max Drawdown Largest peak-to-trough decline	-41.89%	-46.47%	+4.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-10.55%	+2.03%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-21.36%	+2.38%
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	-21.36%	+1.99%
Max Drawdown (10Y) Largest decline over 10 years	-41.89%	-46.47%	+4.58%
Current Drawdown Current decline from peak	-1.08%	-1.08%	0.00%
Average Drawdown Average peak-to-trough decline	-5.39%	-5.30%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.87%	-0.65%

Volatility

TCVIX vs. PMDIX - Volatility Comparison

Touchstone Mid Cap Value Fund (TCVIX) and Principal Small-MidCap Dividend Income Fund (PMDIX) have volatilities of 3.72% and 3.81%, 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.

Volatility by Period

	TCVIX	PMDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	3.81%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	10.25%	10.89%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	13.59%	14.83%	-1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	18.78%	-1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	20.26%	-1.10%

TCVIX vs. PMDIX - Expense Ratio Comparison

Both TCVIX and PMDIX have an expense ratio of 0.85%.

Dividends

TCVIX vs. PMDIX - Dividend Comparison

TCVIX's dividend yield for the trailing twelve months is around 3.70%, more than PMDIX's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMDIX Principal Small-MidCap Dividend Income Fund	2.85%	3.14%	7.99%	2.37%	6.95%	0.98%	1.37%	2.82%	17.83%	5.77%	2.84%	4.78%
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 PMDIX in my portfolio?

With a correlation of 0.92, TCVIX and PMDIX 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 PMDIX?

PMDIX has higher volatility (3.81%) compared to TCVIX (3.72%). In terms of maximum drawdown, TCVIX dropped -41.89% vs PMDIX's -46.47%.

Which has better risk-adjusted returns?

TCVIX currently has the higher Sharpe Ratio (1.93 vs 1.63), 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.