TCVIX vs. THYAX
TCVIX (Touchstone Mid Cap Value Fund) and THYAX (Touchstone High Yield Fund) are both mutual funds - TCVIX is a Mid Cap Value Equities fund managed by Touchstone, while THYAX is a High Yield Bonds fund managed by Touchstone. Over the past 10 years, TCVIX returned 9.31%/yr vs 4.36%/yr for THYAX. Their 0.39 correlation means their historical movements had little consistent relationship. TCVIX charges 0.85%/yr vs 1.21%/yr for THYAX.
Performance
TCVIX vs. THYAX - Performance Comparison
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Returns By Period
In the year-to-date period, TCVIX achieves a 18.70% return, which is significantly higher than THYAX's 2.39% return. Over the past 10 years, TCVIX has outperformed THYAX with an annualized return of 9.31%, while THYAX has yielded a comparatively lower 4.36% annualized return.
TCVIX
- 1D
- 1.35%
- 1M
- 3.14%
- 6M
- 10.06%
- YTD
- 18.70%
- 1Y
- 26.57%
- 3Y*
- 13.56%
- 5Y*
- 8.57%
- 10Y*
- 9.31%
- ALL TIME*
- 11.19%
THYAX
- 1D
- 0.27%
- 1M
- 0.15%
- 6M
- 1.73%
- YTD
- 2.39%
- 1Y
- 5.39%
- 3Y*
- 7.47%
- 5Y*
- 3.41%
- 10Y*
- 4.36%
- ALL TIME*
- 5.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TCVIX vs. THYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCVIX Touchstone Mid Cap Value Fund | 18.70% | 10.00% | 8.61% | 7.78% | -8.38% | 27.12% | 5.70% | 29.76% | -16.77% | 14.09% |
THYAX Touchstone High Yield Fund | 2.39% | 7.02% | 6.25% | 12.69% | -11.00% | 4.65% | 3.98% | 14.24% | -3.19% | 6.70% |
Correlation
The correlation between TCVIX and THYAX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009 | 0.39 |
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Return for Risk
TCVIX vs. THYAX — Risk / Return Rank
TCVIX
THYAX
TCVIX vs. THYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Mid Cap Value Fund (TCVIX) and Touchstone High Yield Fund (THYAX). 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 | THYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.44 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.74 | +0.39 |
| Martin ratioReturn relative to average drawdown | 12.16 | 11.58 | +0.58 |
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Drawdowns
TCVIX vs. THYAX - Drawdown Comparison
The maximum TCVIX drawdown since its inception was -41.89%, which is greater than THYAX's maximum drawdown of -31.49%. Use the drawdown chart below to compare losses from any high point for TCVIX and THYAX.
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Drawdown Indicators
| TCVIX | THYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -31.49% | -10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -2.03% | -6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | -3.79% | -15.19% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -15.30% | -4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | -22.22% | -19.67% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -2.42% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 0.48% | +1.71% |
Volatility
TCVIX vs. THYAX - Volatility Comparison
Touchstone Mid Cap Value Fund (TCVIX) has a higher volatility of 2.82% compared to Touchstone High Yield Fund (THYAX) at 0.77%. This indicates that TCVIX's price experiences larger fluctuations and is considered to be riskier than THYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCVIX | THYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 0.77% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 2.19% | +7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 2.72% | +10.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.05% | 4.97% | +12.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 5.39% | +13.69% |
TCVIX vs. THYAX - Expense Ratio Comparison
TCVIX has a 0.85% expense ratio, which is lower than THYAX's 1.21% expense ratio.
Dividends
TCVIX vs. THYAX - Dividend Comparison
TCVIX's dividend yield for the trailing twelve months is around 3.58%, less than THYAX's 6.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCVIX Touchstone Mid Cap Value Fund | 3.58% | 4.25% | 5.48% | 1.80% | 6.59% | 6.77% | 0.76% | 0.91% | 5.86% | 6.47% | 4.44% | 7.26% |
THYAX Touchstone High Yield Fund | 6.38% | 5.69% | 5.92% | 5.75% | 5.12% | 4.42% | 4.73% | 4.88% | 5.28% | 4.55% | 4.92% | 5.61% |
Frequently Asked Questions
TCVIX and THYAX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCVIX has higher volatility (2.82%) compared to THYAX (0.77%). In terms of maximum drawdown, TCVIX dropped -41.89% vs THYAX's -31.49%.
THYAX currently has the higher Sharpe Ratio (2.05 vs 1.98), 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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