TGVFX vs. TEGAX

Last updated Aug 4, 2026

TGVFX (Touchstone Growth Opportunities Fund) and TEGAX (Touchstone Mid Cap Growth Fund) are both mutual funds - TGVFX is a Large Cap Growth Equities fund managed by Touchstone, while TEGAX is a Mid Cap Growth Equities fund managed by Touchstone. Over the past 10 years, TGVFX returned 18.95%/yr vs 13.44%/yr for TEGAX. Their correlation of 0.88 means they have usually moved in the same direction. TGVFX charges 1.25%/yr vs 1.21%/yr for TEGAX.

Performance

TGVFX vs. TEGAX - Performance Comparison

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

Returns By Period

In the year-to-date period, TGVFX achieves a 2.48% return, which is significantly lower than TEGAX's 10.78% return. Over the past 10 years, TGVFX has outperformed TEGAX with an annualized return of 18.95%, while TEGAX has yielded a comparatively lower 13.44% annualized return.

TGVFX

• 1D: 0.83%
• 1M: -1.29%
• 6M: 2.97%
• YTD: 2.48%
• 1Y: 13.23%
• 3Y*: 19.91%
• 5Y*: 11.57%
• 10Y*: 18.95%
• ALL TIME*: 11.53%

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%

*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
TGVFX Touchstone Growth Opportunities Fund	$0.00	$0.00	$0.00

TGVFX vs. TEGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGVFX Touchstone Growth Opportunities Fund	2.48%	17.61%	32.50%	42.73%	-28.62%	22.55%	33.12%	72.37%	-4.05%	28.05%
TEGAX Touchstone Mid Cap Growth Fund	10.78%	9.28%	15.99%	24.20%	-26.18%	15.51%	27.10%	53.26%	-3.71%	24.17%

Correlation

The correlation between TGVFX and TEGAX is 0.76, 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.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996	0.88

The correlation between TGVFX and TEGAX shifts across timeframes, from 0.76 (1 year) to 0.89 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

TGVFX vs. TEGAX — Risk / Return Rank

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

TGVFX

TGVFX Risk / Return Rank: 15
TGVFX Sharpe Ratio Rank: 15
TGVFX Sortino Ratio Rank: 15
TGVFX Omega Ratio Rank: 15
TGVFX Calmar Ratio Rank: 13
TGVFX Martin Ratio Rank: 15

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

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.

TGVFX vs. TEGAX - Risk-Adjusted Trends Comparison

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

	TGVFX	TEGAX	Difference
Sharpe ratio: Return per unit of total volatility	0.64	0.49	+0.15
Sortino ratio: Return per unit of downside risk	0.99	0.84	+0.15
Omega ratio: Gain probability vs. loss probability	1.12	1.09	+0.03
Calmar ratio: Return relative to maximum drawdown	0.70	0.82	-0.13
Martin ratio: Return relative to average drawdown	2.17	2.45	-0.27

TGVFX vs. TEGAX - Sharpe Ratio Comparison

The current TGVFX Sharpe Ratio is 0.64, which is higher than the TEGAX Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of TGVFX and TEGAX, 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

TGVFX vs. TEGAX - Drawdown Comparison

The maximum TGVFX drawdown since its inception was -69.41%, which is greater than TEGAX's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for TGVFX and TEGAX.

Drawdown Indicators

	TGVFX	TEGAX	Difference
Max Drawdown Largest peak-to-trough decline	-69.41%	-53.30%	-16.11%
Max Drawdown (1Y) Largest decline over 1 year	-16.01%	-10.89%	-5.12%
Max Drawdown (3Y) Largest decline over 3 years	-23.50%	-27.79%	+4.29%
Max Drawdown (5Y) Largest decline over 5 years	-40.77%	-41.38%	+0.61%
Max Drawdown (10Y) Largest decline over 10 years	-40.77%	-41.38%	+0.61%
Current Drawdown Current decline from peak	-6.14%	-5.22%	-0.92%
Average Drawdown Average peak-to-trough decline	-22.62%	-9.19%	-13.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	3.66%	+1.46%

Volatility

TGVFX vs. TEGAX - Volatility Comparison

Touchstone Growth Opportunities Fund (TGVFX) has a higher volatility of 4.92% compared to Touchstone Mid Cap Growth Fund (TEGAX) at 3.83%. This indicates that TGVFX's price experiences larger fluctuations and is considered to be riskier than TEGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGVFX	TEGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	3.83%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	14.88%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	17.33%	18.29%	-0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.18%	25.13%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.58%	23.21%	+0.37%

TGVFX vs. TEGAX - Expense Ratio Comparison

TGVFX has a 1.25% expense ratio, which is higher than TEGAX's 1.21% expense ratio.

Dividends

TGVFX vs. TEGAX - Dividend Comparison

TGVFX's dividend yield for the trailing twelve months is around 18.77%, more than TEGAX's 10.29% 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%
TGVFX Touchstone Growth Opportunities Fund	18.77%	19.24%	6.16%	2.66%	2.40%	17.21%	10.29%	34.44%	11.32%	9.98%	3.67%	10.49%

Frequently Asked Questions

Can I hold both TGVFX and TEGAX in my portfolio?

TGVFX and TEGAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TGVFX or TEGAX?

TGVFX has higher volatility (4.92%) compared to TEGAX (3.83%). In terms of maximum drawdown, TGVFX dropped -69.41% vs TEGAX's -53.30%.

Which has better risk-adjusted returns?

TGVFX currently has the higher Sharpe Ratio (0.64 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.