TOBAX vs. TMCPX
TOBAX (Touchstone Active Bond Fund) and TMCPX (Touchstone Mid Cap Fund) are both mutual funds - TOBAX is a Intermediate Core-Plus Bond fund managed by Touchstone, while TMCPX is a Mid Cap Blend Equities fund managed by Touchstone. Over the past 10 years, TOBAX returned 1.73%/yr vs 10.79%/yr for TMCPX. Their -0.07 correlation means they have often moved in opposite directions in the past. TOBAX charges 0.83%/yr vs 0.93%/yr for TMCPX.
Performance
TOBAX vs. TMCPX - Performance Comparison
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Returns By Period
In the year-to-date period, TOBAX achieves a -1.18% return, which is significantly lower than TMCPX's 3.02% return. Over the past 10 years, TOBAX has underperformed TMCPX with an annualized return of 1.73%, while TMCPX has yielded a comparatively higher 10.79% annualized return.
TOBAX
- 1D
- -0.43%
- 1M
- -1.46%
- 6M
- -1.38%
- YTD
- -1.18%
- 1Y
- 1.61%
- 3Y*
- 4.27%
- 5Y*
- -0.39%
- 10Y*
- 1.73%
- ALL TIME*
- 3.55%
TMCPX
- 1D
- -0.61%
- 1M
- -1.20%
- 6M
- 0.45%
- YTD
- 3.02%
- 1Y
- 7.84%
- 3Y*
- 7.48%
- 5Y*
- 5.86%
- 10Y*
- 10.79%
- ALL TIME*
- 9.44%
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 |
TOBAX vs. TMCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOBAX Touchstone Active Bond Fund | -1.18% | 7.66% | 2.22% | 6.38% | -14.20% | -1.34% | 9.93% | 10.11% | -1.94% | 3.51% |
TMCPX Touchstone Mid Cap Fund | 3.02% | 4.87% | 8.48% | 27.48% | -15.62% | 15.21% | 12.56% | 39.44% | -3.14% | 20.23% |
Correlation
The correlation between TOBAX and TMCPX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2003 | -0.07 |
The correlation between TOBAX and TMCPX shifts across timeframes, from -0.07 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TOBAX vs. TMCPX — Risk / Return Rank
TOBAX
TMCPX
TOBAX vs. TMCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Active Bond Fund (TOBAX) and Touchstone Mid Cap Fund (TMCPX). 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.
| TOBAX | TMCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.08 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.49 | +0.33 |
| Martin ratioReturn relative to average drawdown | 2.00 | 1.28 | +0.72 |
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Drawdowns
TOBAX vs. TMCPX - Drawdown Comparison
The maximum TOBAX drawdown since its inception was -19.73%, smaller than the maximum TMCPX drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for TOBAX and TMCPX.
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Drawdown Indicators
| TOBAX | TMCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.73% | -58.03% | +38.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -13.48% | +10.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.18% | -21.47% | +16.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.70% | -21.47% | +1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -19.73% | -35.54% | +15.81% |
Current DrawdownCurrent decline from peak | -2.86% | -3.17% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -9.58% | +7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 5.19% | -4.01% |
Volatility
TOBAX vs. TMCPX - Volatility Comparison
The current volatility for Touchstone Active Bond Fund (TOBAX) is 1.01%, while Touchstone Mid Cap Fund (TMCPX) has a volatility of 4.76%. This indicates that TOBAX experiences smaller price fluctuations and is considered to be less risky than TMCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOBAX | TMCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 4.76% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 13.43% | -10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 16.98% | -13.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 17.98% | -12.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 18.50% | -13.68% |
TOBAX vs. TMCPX - Expense Ratio Comparison
TOBAX has a 0.83% expense ratio, which is lower than TMCPX's 0.93% expense ratio.
Dividends
TOBAX vs. TMCPX - Dividend Comparison
TOBAX's dividend yield for the trailing twelve months is around 4.17%, more than TMCPX's 2.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMCPX Touchstone Mid Cap Fund | 2.14% | 2.20% | 2.52% | 0.92% | 1.43% | 2.80% | 1.93% | 5.18% | 3.95% | 1.10% | 0.58% | 0.06% |
TOBAX Touchstone Active Bond Fund | 4.17% | 3.52% | 3.72% | 3.63% | 3.10% | 2.24% | 2.58% | 2.59% | 2.79% | 2.29% | 2.65% | 2.99% |
Frequently Asked Questions
TOBAX and TMCPX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMCPX has higher volatility (4.76%) compared to TOBAX (1.01%). In terms of maximum drawdown, TOBAX dropped -19.73% vs TMCPX's -58.03%.
TOBAX currently has the higher Sharpe Ratio (0.64 vs 0.39), 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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