TEGAX vs. TQCAX

Last updated Aug 4, 2026

TEGAX (Touchstone Mid Cap Growth Fund) and TQCAX (Touchstone Dividend Equity Fund) are both mutual funds - TEGAX is a Mid Cap Growth Equities fund managed by Touchstone, while TQCAX is a Large Cap Value Equities fund managed by Touchstone. Over the past 5 years, TEGAX returned 6.06%/yr vs 10.53%/yr for TQCAX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. TEGAX charges 1.21%/yr vs 1.04%/yr for TQCAX.

Performance

TEGAX vs. TQCAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Mid Cap Growth Fund (TEGAX) and Touchstone Dividend Equity Fund (TQCAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEGAX achieves a 10.78% return, which is significantly lower than TQCAX's 12.94% return.

TEGAX

• 1D: 0.00%
• 1M: -3.47%
• 6M: 10.15%
• YTD: 10.78%
• 1Y: 11.08%
• 3Y*: 13.77%
• 5Y*: 6.06%
• 10Y*: 13.44%
• ALL TIME*: 12.90%

TQCAX

• 1D: -0.05%
• 1M: 0.73%
• 6M: 8.11%
• YTD: 12.94%
• 1Y: 23.01%
• 3Y*: 15.23%
• 5Y*: 10.53%
• 10Y*: —
• ALL TIME*: 10.76%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TEGAX Touchstone Mid Cap Growth Fund	$0.00	$0.00	$0.00
TQCAX Touchstone Dividend Equity Fund	$0.00	$0.00	$0.00

TEGAX vs. TQCAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TEGAX Touchstone Mid Cap Growth Fund	10.78%	9.28%	15.99%	24.20%	-26.18%	10.04%
TQCAX Touchstone Dividend Equity Fund	12.94%	16.36%	12.60%	10.89%	-5.76%	8.12%

Correlation

The correlation between TEGAX and TQCAX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (All Time) Calculated using the full available price history since Jul 20, 2021	0.75

The correlation between TEGAX and TQCAX shifts across timeframes, from 0.63 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TEGAX vs. TQCAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TEGAX

TEGAX Risk / Return Rank: 13
TEGAX Sharpe Ratio Rank: 11
TEGAX Sortino Ratio Rank: 12
TEGAX Omega Ratio Rank: 11
TEGAX Calmar Ratio Rank: 15
TEGAX Martin Ratio Rank: 17

TQCAX

TQCAX Risk / Return Rank: 84
TQCAX Sharpe Ratio Rank: 86
TQCAX Sortino Ratio Rank: 85
TQCAX Omega Ratio Rank: 81
TQCAX Calmar Ratio Rank: 83
TQCAX Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TEGAX vs. TQCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Mid Cap Growth Fund (TEGAX) and Touchstone Dividend Equity Fund (TQCAX). 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.

	TEGAX	TQCAX	Difference
Sharpe ratio: Return per unit of total volatility	0.49	2.13	-1.64
Sortino ratio: Return per unit of downside risk	0.84	3.03	-2.19
Omega ratio: Gain probability vs. loss probability	1.09	1.39	-0.29
Calmar ratio: Return relative to maximum drawdown	0.82	2.95	-2.12
Martin ratio: Return relative to average drawdown	2.45	11.71	-9.26

TEGAX vs. TQCAX - Sharpe Ratio Comparison

The current TEGAX Sharpe Ratio is 0.49, which is lower than the TQCAX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of TEGAX and TQCAX, 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

TEGAX vs. TQCAX - Drawdown Comparison

The maximum TEGAX drawdown since its inception was -53.30%, which is greater than TQCAX's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for TEGAX and TQCAX.

Drawdown Indicators

	TEGAX	TQCAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.30%	-18.84%	-34.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.89%	-7.37%	-3.52%
Max Drawdown (3Y) Largest decline over 3 years	-27.79%	-15.96%	-11.83%
Max Drawdown (5Y) Largest decline over 5 years	-41.38%	-18.84%	-22.54%
Max Drawdown (10Y) Largest decline over 10 years	-41.38%	—	—
Current Drawdown Current decline from peak	-5.22%	-0.76%	-4.46%
Average Drawdown Average peak-to-trough decline	-9.19%	-3.63%	-5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	1.85%	+1.81%

Volatility

TEGAX vs. TQCAX - Volatility Comparison

Touchstone Mid Cap Growth Fund (TEGAX) has a higher volatility of 3.83% compared to Touchstone Dividend Equity Fund (TQCAX) at 2.63%. This indicates that TEGAX's price experiences larger fluctuations and is considered to be riskier than TQCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEGAX	TQCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	2.63%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	14.88%	7.44%	+7.44%
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	10.20%	+8.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.13%	14.61%	+10.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.21%	14.57%	+8.64%

TEGAX vs. TQCAX - Expense Ratio Comparison

TEGAX has a 1.21% expense ratio, which is higher than TQCAX's 1.04% expense ratio.

Dividends

TEGAX vs. TQCAX - Dividend Comparison

TEGAX's dividend yield for the trailing twelve months is around 10.29%, more than TQCAX's 5.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEGAX Touchstone Mid Cap Growth Fund	10.29%	11.40%	2.97%	0.00%	2.69%	16.97%	6.67%	13.97%	8.53%	10.06%	2.59%	8.72%
TQCAX Touchstone Dividend Equity Fund	5.69%	6.40%	7.16%	4.69%	5.30%	2.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEGAX and TQCAX in my portfolio?

TEGAX and TQCAX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEGAX or TQCAX?

TEGAX has higher volatility (3.83%) compared to TQCAX (2.63%). In terms of maximum drawdown, TEGAX dropped -53.30% vs TQCAX's -18.84%.

Which has better risk-adjusted returns?

TQCAX currently has the higher Sharpe Ratio (2.13 vs 0.49), 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.