TCVIX vs. TGVOX
TCVIX (Touchstone Mid Cap Value Fund) and TGVOX (TCW Relative Value Mid Cap Fund) are both Mid Cap Value Equities funds. Over the past 10 years, TCVIX returned 9.38%/yr vs 12.58%/yr for TGVOX. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.
Performance
TCVIX vs. TGVOX - Performance Comparison
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Returns By Period
In the year-to-date period, TCVIX achieves a 15.05% return, which is significantly lower than TGVOX's 18.99% return. Over the past 10 years, TCVIX has underperformed TGVOX with an annualized return of 9.38%, while TGVOX has yielded a comparatively higher 12.58% 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%
TGVOX
- 1D
- 0.56%
- 1M
- 2.10%
- YTD
- 18.99%
- 6M
- 17.41%
- 1Y
- 35.93%
- 3Y*
- 20.97%
- 5Y*
- 12.39%
- 10Y*
- 12.58%
TCVIX vs. TGVOX - 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% |
TGVOX TCW Relative Value Mid Cap Fund | 18.99% | 15.53% | 17.26% | 15.99% | -11.80% | 31.99% | 3.66% | 29.34% | -22.17% | 19.74% |
Correlation
The correlation between TCVIX and TGVOX 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 Oct 1, 2009 | 0.94 |
The correlation between TCVIX and TGVOX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
TCVIX vs. TGVOX — Risk / Return Rank
TCVIX
TGVOX
TCVIX vs. TGVOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Mid Cap Value Fund (TCVIX) and TCW Relative Value Mid Cap Fund (TGVOX). 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 | TGVOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 4.02 | -0.92 |
| Martin ratioReturn relative to average drawdown | 11.84 | 15.45 | -3.61 |
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Drawdowns
TCVIX vs. TGVOX - Drawdown Comparison
The maximum TCVIX drawdown since its inception was -41.89%, smaller than the maximum TGVOX drawdown of -58.14%. Use the drawdown chart below to compare losses from any high point for TCVIX and TGVOX.
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Drawdown Indicators
| TCVIX | TGVOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -58.14% | +16.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -9.04% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | -22.69% | +3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -23.81% | +4.44% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | -51.10% | +9.21% |
Current DrawdownCurrent decline from peak | -1.00% | -1.17% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -10.28% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.35% | -0.12% |
Volatility
TCVIX vs. TGVOX - Volatility Comparison
The current volatility for Touchstone Mid Cap Value Fund (TCVIX) is 3.68%, while TCW Relative Value Mid Cap Fund (TGVOX) has a volatility of 4.42%. This indicates that TCVIX experiences smaller price fluctuations and is considered to be less risky than TGVOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCVIX | TGVOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 4.42% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 11.04% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 14.65% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 19.54% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.17% | 22.31% | -3.14% |
TCVIX vs. TGVOX - Expense Ratio Comparison
Both TCVIX and TGVOX have an expense ratio of 0.85%.
Dividends
TCVIX vs. TGVOX - Dividend Comparison
TCVIX's dividend yield for the trailing twelve months is around 3.69%, less than TGVOX's 18.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TGVOX TCW Relative Value Mid Cap Fund | 18.24% | 21.70% | 9.54% | 2.34% | 2.54% | 12.69% | 0.75% | 2.43% | 9.90% | 8.25% | 0.56% | 16.12% |
Frequently Asked Questions
With a correlation of 0.92, TCVIX and TGVOX 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.
TGVOX has higher volatility (4.42%) compared to TCVIX (3.68%). In terms of maximum drawdown, TCVIX dropped -41.89% vs TGVOX's -58.14%.
TGVOX currently has the higher Sharpe Ratio (2.48 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.
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