TMCPX vs. IJH

Last updated Jun 4, 2026

TMCPX (Touchstone Mid Cap Fund) and IJH (iShares Core S&P Mid-Cap ETF) are both Mid Cap Blend Equities funds. Over the past 10 years, TMCPX returned 10.61%/yr vs 11.27%/yr for IJH. Their correlation of 0.93 suggests significant overlap in exposure. TMCPX charges 0.93%/yr vs 0.05%/yr for IJH.

Performance

TMCPX vs. IJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Mid Cap Fund (TMCPX) and iShares Core S&P Mid-Cap ETF (IJH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMCPX achieves a -2.01% return, which is significantly lower than IJH's 14.10% return. Over the past 10 years, TMCPX has underperformed IJH with an annualized return of 10.61%, while IJH has yielded a comparatively higher 11.27% annualized return.

TMCPX

• 1D: 0.04%
• 1M: 0.52%
• YTD: -2.01%
• 6M: -1.50%
• 1Y: 4.69%
• 3Y*: 8.53%
• 5Y*: 5.01%
• 10Y*: 10.61%

IJH

• 1D: -0.12%
• 1M: 3.84%
• YTD: 14.10%
• 6M: 14.33%
• 1Y: 25.45%
• 3Y*: 16.09%
• 5Y*: 8.17%
• 10Y*: 11.27%

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

TMCPX vs. IJH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TMCPX Touchstone Mid Cap Fund	-2.01%	4.87%	8.48%	27.48%	-15.62%	15.21%	12.56%	39.44%	-3.14%	20.23%
IJH iShares Core S&P Mid-Cap ETF	14.10%	7.42%	13.92%	16.40%	-13.11%	24.72%	13.60%	26.10%	-11.19%	16.26%

Correlation

The correlation between TMCPX and IJH is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 6, 2003	0.93

The correlation between TMCPX and IJH has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

TMCPX vs. IJH — Risk / Return Rank

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

TMCPX

TMCPX Risk / Return Rank: 5
TMCPX Sharpe Ratio Rank: 5
TMCPX Sortino Ratio Rank: 5
TMCPX Omega Ratio Rank: 5
TMCPX Calmar Ratio Rank: 5
TMCPX Martin Ratio Rank: 5

IJH

IJH Risk / Return Rank: 51
IJH Sharpe Ratio Rank: 47
IJH Sortino Ratio Rank: 48
IJH Omega Ratio Rank: 45
IJH Calmar Ratio Rank: 57
IJH Martin Ratio Rank: 59

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.

TMCPX vs. IJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Mid Cap Fund (TMCPX) and iShares Core S&P Mid-Cap ETF (IJH). 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.

	TMCPX	IJH	Difference
Sharpe ratio Return per unit of total volatility	0.36	1.65	-1.29
Sortino ratio Return per unit of downside risk	0.65	2.41	-1.77
Omega ratio Gain probability vs. loss probability	1.07	1.29	-0.22
Calmar ratio Return relative to maximum drawdown	0.44	2.90	-2.46
Martin ratio Return relative to average drawdown	1.20	10.60	-9.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TMCPX vs. IJH - Sharpe Ratio Comparison

The current TMCPX Sharpe Ratio is 0.36, which is lower than the IJH Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of TMCPX and IJH, 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

	TMCPX	IJH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	1.65	-1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.42	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.53	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.46	+0.02

Drawdowns

TMCPX vs. IJH - Drawdown Comparison

The maximum TMCPX drawdown since its inception was -58.03%, which is greater than IJH's maximum drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for TMCPX and IJH.

Drawdown Indicators

	TMCPX	IJH	Difference
Max Drawdown Largest peak-to-trough decline	-58.03%	-55.07%	-2.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.48%	-8.83%	-4.65%
Max Drawdown (3Y) Largest decline over 3 years	-21.47%	-24.10%	+2.63%
Max Drawdown (5Y) Largest decline over 5 years	-21.47%	-24.10%	+2.63%
Max Drawdown (10Y) Largest decline over 10 years	-35.54%	-42.18%	+6.64%
Current Drawdown Current decline from peak	-7.89%	-0.12%	-7.77%
Average Drawdown Average peak-to-trough decline	-9.62%	-7.57%	-2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	2.41%	+2.51%

Volatility

TMCPX vs. IJH - Volatility Comparison

Touchstone Mid Cap Fund (TMCPX) has a higher volatility of 5.09% compared to iShares Core S&P Mid-Cap ETF (IJH) at 4.37%. This indicates that TMCPX's price experiences larger fluctuations and is considered to be riskier than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMCPX	IJH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	4.37%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	11.32%	+1.38%
Volatility (1Y) Calculated over the trailing 1-year period	16.38%	15.54%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.84%	19.74%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.50%	21.18%	-2.68%

TMCPX vs. IJH - Expense Ratio Comparison

TMCPX has a 0.93% expense ratio, which is higher than IJH's 0.05% expense ratio.

Dividends

TMCPX vs. IJH - Dividend Comparison

TMCPX's dividend yield for the trailing twelve months is around 2.25%, more than IJH's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJH iShares Core S&P Mid-Cap ETF	1.18%	1.36%	1.33%	1.46%	1.68%	1.18%	1.28%	1.63%	1.72%	1.19%	1.60%	1.56%
TMCPX Touchstone Mid Cap Fund	2.25%	2.20%	2.52%	0.92%	1.43%	2.80%	1.93%	5.18%	3.95%	1.10%	0.58%	0.06%

Frequently Asked Questions

Can I hold both TMCPX and IJH in my portfolio?

TMCPX and IJH have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMCPX or IJH?

TMCPX has higher volatility (5.09%) compared to IJH (4.37%). In terms of maximum drawdown, TMCPX dropped -58.03% vs IJH's -55.07%.

Which has better risk-adjusted returns?

IJH currently has the higher Sharpe Ratio (1.65 vs 0.36), 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.