TGVOX vs. TCVIX
TGVOX (TCW Relative Value Mid Cap Fund) and TCVIX (Touchstone Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, TGVOX returned 12.11%/yr vs 9.07%/yr for TCVIX. Their correlation of 0.94 means they have usually moved in the same direction. Both charge a 0.85% expense ratio.
Performance
TGVOX vs. TCVIX - Performance Comparison
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Returns By Period
In the year-to-date period, TGVOX achieves a 20.33% return, which is significantly higher than TCVIX's 16.54% return. Over the past 10 years, TGVOX has outperformed TCVIX with an annualized return of 12.11%, while TCVIX has yielded a comparatively lower 9.07% annualized return.
TGVOX
- 1D
- -0.03%
- 1M
- 0.19%
- 6M
- 13.47%
- YTD
- 20.33%
- 1Y
- 29.46%
- 3Y*
- 19.22%
- 5Y*
- 12.21%
- 10Y*
- 12.11%
- ALL TIME*
- 9.90%
TCVIX
- 1D
- 0.90%
- 1M
- 0.57%
- 6M
- 11.18%
- YTD
- 16.54%
- 1Y
- 21.98%
- 3Y*
- 12.15%
- 5Y*
- 8.32%
- 10Y*
- 9.07%
- ALL TIME*
- 11.09%
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 |
TGVOX vs. TCVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGVOX TCW Relative Value Mid Cap Fund | 20.33% | 15.53% | 17.26% | 15.99% | -11.80% | 31.99% | 3.66% | 29.34% | -22.17% | 19.74% |
TCVIX Touchstone Mid Cap Value Fund | 16.54% | 10.00% | 8.61% | 7.78% | -8.38% | 27.12% | 5.70% | 29.76% | -16.77% | 14.09% |
Correlation
The correlation between TGVOX and TCVIX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009 | 0.94 |
The correlation between TGVOX and TCVIX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
TGVOX vs. TCVIX — Risk / Return Rank
TGVOX
TCVIX
TGVOX vs. TCVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Relative Value Mid Cap Fund (TGVOX) and Touchstone Mid Cap Value Fund (TCVIX). 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.
| TGVOX | TCVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.30 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 2.66 | +0.66 |
| Martin ratioReturn relative to average drawdown | 12.85 | 10.18 | +2.66 |
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Drawdowns
TGVOX vs. TCVIX - Drawdown Comparison
The maximum TGVOX drawdown since its inception was -58.14%, which is greater than TCVIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for TGVOX and TCVIX.
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Drawdown Indicators
| TGVOX | TCVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.14% | -41.89% | -16.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -8.52% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -18.98% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -23.81% | -19.37% | -4.44% |
Max Drawdown (10Y)Largest decline over 10 years | -51.10% | -41.89% | -9.21% |
Current DrawdownCurrent decline from peak | -0.61% | 0.00% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -5.35% | -4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.22% | +0.11% |
Volatility
TGVOX vs. TCVIX - Volatility Comparison
The current volatility for TCW Relative Value Mid Cap Fund (TGVOX) is 1.99%, while Touchstone Mid Cap Value Fund (TCVIX) has a volatility of 2.62%. This indicates that TGVOX experiences smaller price fluctuations and is considered to be less risky than TCVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGVOX | TCVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 2.62% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 10.02% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 13.53% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.32% | 17.04% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.12% | 19.07% | +3.05% |
TGVOX vs. TCVIX - Expense Ratio Comparison
Both TGVOX and TCVIX have an expense ratio of 0.85%.
Dividends
TGVOX vs. TCVIX - Dividend Comparison
TGVOX's dividend yield for the trailing twelve months is around 18.03%, more than TCVIX's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCVIX Touchstone Mid Cap Value Fund | 3.64% | 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 | 18.03% | 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
TGVOX and TCVIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCVIX has higher volatility (2.62%) compared to TGVOX (1.99%). In terms of maximum drawdown, TGVOX dropped -58.14% vs TCVIX's -41.89%.
TGVOX currently has the higher Sharpe Ratio (2.09 vs 1.68), 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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