THYAX vs. TCVIX
THYAX (Touchstone High Yield Fund) and TCVIX (Touchstone Mid Cap Value Fund) are both mutual funds - THYAX is a High Yield Bonds fund managed by Touchstone, while TCVIX is a Mid Cap Value Equities fund managed by Touchstone. Over the past 10 years, THYAX returned 4.36%/yr vs 9.09%/yr for TCVIX. Their 0.39 correlation means their historical movements had little consistent relationship. THYAX charges 1.21%/yr vs 0.85%/yr for TCVIX.
Performance
THYAX vs. TCVIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, THYAX achieves a 1.84% return, which is significantly lower than TCVIX's 15.96% return. Over the past 10 years, THYAX has underperformed TCVIX with an annualized return of 4.36%, while TCVIX has yielded a comparatively higher 9.09% annualized return.
THYAX
- 1D
- 0.01%
- 1M
- -0.26%
- 6M
- 1.31%
- YTD
- 1.84%
- 1Y
- 5.25%
- 3Y*
- 7.08%
- 5Y*
- 3.27%
- 10Y*
- 4.36%
- ALL TIME*
- 5.70%
TCVIX
- 1D
- -0.85%
- 1M
- 1.16%
- 6M
- 10.63%
- YTD
- 15.96%
- 1Y
- 25.03%
- 3Y*
- 11.98%
- 5Y*
- 8.09%
- 10Y*
- 9.09%
- ALL TIME*
- 11.05%
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 |
THYAX vs. TCVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THYAX Touchstone High Yield Fund | 1.84% | 7.02% | 6.25% | 12.69% | -11.00% | 4.65% | 3.98% | 14.24% | -3.19% | 6.70% |
TCVIX Touchstone Mid Cap Value Fund | 15.96% | 10.00% | 8.61% | 7.78% | -8.38% | 27.12% | 5.70% | 29.76% | -16.77% | 14.09% |
Correlation
The correlation between THYAX and TCVIX 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. | 0.43 |
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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
THYAX vs. TCVIX — Risk / Return Rank
THYAX
TCVIX
THYAX vs. TCVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone High Yield Fund (THYAX) 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.
| THYAX | TCVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.69 | -0.17 |
| Martin ratioReturn relative to average drawdown | 10.72 | 10.47 | +0.24 |
Loading charts...
Drawdowns
THYAX vs. TCVIX - Drawdown Comparison
The maximum THYAX drawdown since its inception was -31.49%, smaller than the maximum TCVIX drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for THYAX and TCVIX.
Loading charts...
Drawdown Indicators
| THYAX | TCVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.49% | -41.89% | +10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -8.52% | +6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | -18.98% | +15.19% |
Max Drawdown (5Y)Largest decline over 5 years | -15.30% | -19.37% | +4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -22.22% | -41.89% | +19.67% |
Current DrawdownCurrent decline from peak | -0.53% | -0.85% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -5.34% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 2.19% | -1.71% |
Volatility
THYAX vs. TCVIX - Volatility Comparison
The current volatility for Touchstone High Yield Fund (THYAX) is 0.69%, while Touchstone Mid Cap Value Fund (TCVIX) has a volatility of 2.58%. This indicates that THYAX 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.
Loading charts...
Volatility by Period
| THYAX | TCVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 2.58% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 10.03% | -7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.70% | 13.51% | -10.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 17.05% | -12.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 19.08% | -13.70% |
THYAX vs. TCVIX - Expense Ratio Comparison
THYAX has a 1.21% expense ratio, which is higher than TCVIX's 0.85% expense ratio.
Dividends
THYAX vs. TCVIX - Dividend Comparison
THYAX's dividend yield for the trailing twelve months is around 6.42%, more than TCVIX's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCVIX Touchstone Mid Cap Value Fund | 3.66% | 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 | 6.42% | 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
THYAX and TCVIX 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 (2.58%) compared to THYAX (0.69%). In terms of maximum drawdown, THYAX dropped -31.49% vs TCVIX's -41.89%.
THYAX currently has the higher Sharpe Ratio (1.90 vs 1.70), 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.
Find the right allocation for THYAX and TCVIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer