TEMX vs. SIO

Last updated Jun 4, 2026

TEMX (Touchstone Sands Capital Emerging Markets ex-China Growth ETF) and SIO (Touchstone Strategic Income Opportunities ETF) are both exchange-traded funds - TEMX is a Emerging Markets Diversified fund actively managed by Touchstone, while SIO is a Multisector Bonds fund actively managed by Touchstone. Both are actively managed. Over the past year, TEMX returned 43.25% vs 6.63% for SIO. At a 0.21 correlation, their price movements are largely independent. TEMX charges 0.79%/yr vs 0.65%/yr for SIO.

Performance

TEMX vs. SIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) and Touchstone Strategic Income Opportunities ETF (SIO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEMX achieves a 27.65% return, which is significantly higher than SIO's 0.79% return.

TEMX

• 1D: -1.00%
• 1M: 10.02%
• YTD: 27.65%
• 6M: 29.76%
• 1Y: 43.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SIO

• 1D: -0.35%
• 1M: 0.27%
• YTD: 0.79%
• 6M: 1.08%
• 1Y: 6.63%
• 3Y*: 7.30%
• 5Y*: —
• 10Y*: —

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

TEMX vs. SIO - Yearly Performance Comparison

	2026 (YTD)	2025
TEMX Touchstone Sands Capital Emerging Markets ex-China Growth ETF	27.65%	21.46%
SIO Touchstone Strategic Income Opportunities ETF	0.79%	6.81%

Correlation

The correlation between TEMX and SIO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.21

Return for Risk

TEMX vs. SIO — Risk / Return Rank

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

TEMX

TEMX Risk / Return Rank: 60
TEMX Sharpe Ratio Rank: 60
TEMX Sortino Ratio Rank: 57
TEMX Omega Ratio Rank: 61
TEMX Calmar Ratio Rank: 60
TEMX Martin Ratio Rank: 64

SIO

SIO Risk / Return Rank: 47
SIO Sharpe Ratio Rank: 43
SIO Sortino Ratio Rank: 45
SIO Omega Ratio Rank: 45
SIO Calmar Ratio Rank: 52
SIO Martin Ratio Rank: 47

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.

TEMX vs. SIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) and Touchstone Strategic Income Opportunities ETF (SIO). 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.

	TEMX	SIO	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.52	+0.46
Sortino ratio: Return per unit of downside risk	2.69	2.25	+0.44
Omega ratio: Gain probability vs. loss probability	1.37	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	2.91	2.54	+0.37
Martin ratio: Return relative to average drawdown	11.46	7.78	+3.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEMX vs. SIO - Sharpe Ratio Comparison

The current TEMX Sharpe Ratio is 1.99, which is higher than the SIO Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of TEMX and SIO, 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

	TEMX	SIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	1.52	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	1.83	1.32	+0.51

Drawdowns

TEMX vs. SIO - Drawdown Comparison

The maximum TEMX drawdown since its inception was -14.95%, which is greater than SIO's maximum drawdown of -6.94%. Use the drawdown chart below to compare losses from any high point for TEMX and SIO.

Drawdown Indicators

	TEMX	SIO	Difference
Max Drawdown Largest peak-to-trough decline	-14.95%	-6.94%	-8.01%
Max Drawdown (1Y) Largest decline over 1 year	-14.95%	-2.62%	-12.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.34%	—
Current Drawdown Current decline from peak	-1.17%	-1.13%	-0.04%
Average Drawdown Average peak-to-trough decline	-2.37%	-1.25%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	0.85%	+2.93%

Volatility

TEMX vs. SIO - Volatility Comparison

Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) has a higher volatility of 9.77% compared to Touchstone Strategic Income Opportunities ETF (SIO) at 1.15%. This indicates that TEMX's price experiences larger fluctuations and is considered to be riskier than SIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEMX	SIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.77%	1.15%	+8.62%
Volatility (6M) Calculated over the trailing 6-month period	19.43%	2.97%	+16.46%
Volatility (1Y) Calculated over the trailing 1-year period	21.87%	4.38%	+17.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.76%	5.00%	+17.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.76%	5.00%	+17.76%

TEMX vs. SIO - Expense Ratio Comparison

TEMX has a 0.79% expense ratio, which is higher than SIO's 0.65% expense ratio.

Dividends

TEMX vs. SIO - Dividend Comparison

TEMX's dividend yield for the trailing twelve months is around 0.85%, less than SIO's 6.94% yield.

Position	TTM	2025	2024	2023	2022
SIO Touchstone Strategic Income Opportunities ETF	6.94%	6.80%	5.30%	5.37%	3.12%
TEMX Touchstone Sands Capital Emerging Markets ex-China Growth ETF	0.85%	1.08%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEMX and SIO in my portfolio?

TEMX and SIO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEMX or SIO?

TEMX has higher volatility (9.77%) compared to SIO (1.15%). In terms of maximum drawdown, TEMX dropped -14.95% vs SIO's -6.94%.

Which ETF is better, TEMX or SIO?

On 1-year performance, TEMX leads with 43.25% vs 6.63% for SIO. On fees, SIO is cheaper at 0.65% per year. On volatility, SIO has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEMX or SIO?

Over the 1-year period, TEMX has performed better with a 43.25% return vs 6.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEMX or SIO?

SIO is cheaper with a 0.65% expense ratio, compared with 0.79% for TEMX.

Which ETF pays a higher dividend yield, TEMX or SIO?

SIO has the higher dividend yield at 6.94%, compared with 0.85% for TEMX.

What is the main difference between TEMX and SIO?

TEMX is categorized as Emerging Markets Diversified, while SIO is Multisector Bonds. Their fees differ too: 0.79% for TEMX and 0.65% for SIO.

Which has better risk-adjusted returns?

TEMX currently has the higher Sharpe Ratio (1.99 vs 1.52), 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.