TLCIX vs. MXIIX

Last updated Jun 4, 2026

TLCIX (Touchstone Large Cap Fund) and MXIIX (Touchstone Flexible Income Fund) are both mutual funds - TLCIX is a Large Cap Blend Equities fund managed by Touchstone, while MXIIX is a Multisector Bonds fund managed by Touchstone. Over the past 10 years, TLCIX returned 11.36%/yr vs 3.63%/yr for MXIIX. At a 0.24 correlation, their price movements are largely independent. TLCIX charges 0.82%/yr vs 0.79%/yr for MXIIX.

Performance

TLCIX vs. MXIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Large Cap Fund (TLCIX) and Touchstone Flexible Income Fund (MXIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLCIX achieves a 9.07% return, which is significantly higher than MXIIX's 1.19% return. Over the past 10 years, TLCIX has outperformed MXIIX with an annualized return of 11.36%, while MXIIX has yielded a comparatively lower 3.63% annualized return.

TLCIX

• 1D: 0.45%
• 1M: 1.09%
• YTD: 9.07%
• 6M: 8.42%
• 1Y: 17.13%
• 3Y*: 13.61%
• 5Y*: 7.81%
• 10Y*: 11.36%

MXIIX

• 1D: 0.10%
• 1M: 0.65%
• YTD: 1.19%
• 6M: 1.11%
• 1Y: 6.15%
• 3Y*: 5.91%
• 5Y*: 2.50%
• 10Y*: 3.63%

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

TLCIX vs. MXIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TLCIX Touchstone Large Cap Fund	9.07%	8.16%	15.04%	14.37%	-15.02%	26.00%	10.32%	31.56%	-6.31%	21.72%
MXIIX Touchstone Flexible Income Fund	1.19%	6.11%	4.82%	7.96%	-8.14%	3.17%	8.15%	8.73%	-1.47%	6.75%

Correlation

The correlation between TLCIX and MXIIX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jul 11, 2014	0.24

Return for Risk

TLCIX vs. MXIIX — Risk / Return Rank

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

TLCIX

TLCIX Risk / Return Rank: 31
TLCIX Sharpe Ratio Rank: 30
TLCIX Sortino Ratio Rank: 29
TLCIX Omega Ratio Rank: 29
TLCIX Calmar Ratio Rank: 35
TLCIX Martin Ratio Rank: 35

MXIIX

MXIIX Risk / Return Rank: 42
MXIIX Sharpe Ratio Rank: 42
MXIIX Sortino Ratio Rank: 46
MXIIX Omega Ratio Rank: 43
MXIIX Calmar Ratio Rank: 40
MXIIX Martin Ratio Rank: 37

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.

TLCIX vs. MXIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Large Cap Fund (TLCIX) and Touchstone Flexible Income Fund (MXIIX). 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.

	TLCIX	MXIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.91	-0.34
Sortino ratio: Return per unit of downside risk	2.23	2.88	-0.65
Omega ratio: Gain probability vs. loss probability	1.28	1.36	-0.08
Calmar ratio: Return relative to maximum drawdown	2.24	2.40	-0.16
Martin ratio: Return relative to average drawdown	7.75	8.18	-0.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLCIX vs. MXIIX - Sharpe Ratio Comparison

The current TLCIX Sharpe Ratio is 1.57, which is comparable to the MXIIX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of TLCIX and MXIIX, 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

	TLCIX	MXIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.91	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.73	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.83	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.70	-0.09

Drawdowns

TLCIX vs. MXIIX - Drawdown Comparison

The maximum TLCIX drawdown since its inception was -34.19%, smaller than the maximum MXIIX drawdown of -37.45%. Use the drawdown chart below to compare losses from any high point for TLCIX and MXIIX.

Drawdown Indicators

	TLCIX	MXIIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.19%	-37.45%	+3.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.83%	-2.66%	-5.17%
Max Drawdown (3Y) Largest decline over 3 years	-14.59%	-2.66%	-11.93%
Max Drawdown (5Y) Largest decline over 5 years	-23.26%	-11.59%	-11.67%
Max Drawdown (10Y) Largest decline over 10 years	-34.19%	-15.21%	-18.98%
Current Drawdown Current decline from peak	-1.81%	-0.64%	-1.17%
Average Drawdown Average peak-to-trough decline	-4.88%	-3.44%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	0.78%	+1.47%

Volatility

TLCIX vs. MXIIX - Volatility Comparison

Touchstone Large Cap Fund (TLCIX) has a higher volatility of 3.08% compared to Touchstone Flexible Income Fund (MXIIX) at 1.24%. This indicates that TLCIX's price experiences larger fluctuations and is considered to be riskier than MXIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLCIX	MXIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	1.24%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	2.46%	+5.88%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	3.35%	+7.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	3.43%	+11.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	4.41%	+12.42%

TLCIX vs. MXIIX - Expense Ratio Comparison

TLCIX has a 0.82% expense ratio, which is higher than MXIIX's 0.79% expense ratio.

Dividends

TLCIX vs. MXIIX - Dividend Comparison

TLCIX's dividend yield for the trailing twelve months is around 2.64%, less than MXIIX's 5.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MXIIX Touchstone Flexible Income Fund	5.24%	4.66%	4.03%	3.77%	4.70%	3.49%	4.66%	3.84%	4.04%	2.72%	2.91%	3.30%
TLCIX Touchstone Large Cap Fund	2.64%	2.88%	3.76%	1.93%	4.29%	3.01%	1.28%	13.22%	1.12%	0.73%	1.02%	0.77%

Frequently Asked Questions

Can I hold both TLCIX and MXIIX in my portfolio?

TLCIX and MXIIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TLCIX or MXIIX?

TLCIX has higher volatility (3.08%) compared to MXIIX (1.24%). In terms of maximum drawdown, TLCIX dropped -34.19% vs MXIIX's -37.45%.

Which has better risk-adjusted returns?

MXIIX currently has the higher Sharpe Ratio (1.91 vs 1.57), 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.