TOHAX vs. SENCX
TOHAX (Touchstone Core Municipal Bond Fund) and SENCX (Touchstone Large Cap Focused Fund) are both mutual funds - TOHAX is a Municipal Bonds fund managed by Touchstone, while SENCX is a Large Cap Blend Equities fund managed by Touchstone. Over the past 10 years, TOHAX returned 1.65%/yr vs 16.17%/yr for SENCX. At a correlation of -0.01, they often move in opposite directions. TOHAX charges 0.82%/yr vs 0.99%/yr for SENCX.
Performance
TOHAX vs. SENCX - Performance Comparison
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Returns By Period
In the year-to-date period, TOHAX achieves a 1.15% return, which is significantly lower than SENCX's 1.57% return. Over the past 10 years, TOHAX has underperformed SENCX with an annualized return of 1.65%, while SENCX has yielded a comparatively higher 16.17% annualized return.
TOHAX
- 1D
- 0.00%
- 1M
- 1.58%
- YTD
- 1.15%
- 6M
- 1.50%
- 1Y
- 5.20%
- 3Y*
- 3.27%
- 5Y*
- 0.57%
- 10Y*
- 1.65%
SENCX
- 1D
- -1.38%
- 1M
- -2.49%
- YTD
- 1.57%
- 6M
- 0.93%
- 1Y
- 16.09%
- 3Y*
- 15.64%
- 5Y*
- 9.81%
- 10Y*
- 16.17%
TOHAX vs. SENCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOHAX Touchstone Core Municipal Bond Fund | 1.15% | 4.25% | 1.57% | 5.03% | -9.12% | 1.16% | 5.19% | 6.76% | 0.65% | 4.01% |
SENCX Touchstone Large Cap Focused Fund | 1.57% | 17.56% | 20.29% | 25.00% | -17.55% | 25.26% | 23.83% | 47.43% | -2.60% | 22.91% |
Correlation
The correlation between TOHAX and SENCX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990 | -0.01 |
The correlation between TOHAX and SENCX shifts across timeframes, from -0.01 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TOHAX vs. SENCX — Risk / Return Rank
TOHAX
SENCX
TOHAX vs. SENCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Core Municipal Bond Fund (TOHAX) and Touchstone Large Cap Focused Fund (SENCX). 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.
| TOHAX | SENCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.24 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.38 | +0.56 |
| Martin ratioReturn relative to average drawdown | 7.08 | 5.56 | +1.51 |
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Drawdowns
TOHAX vs. SENCX - Drawdown Comparison
The maximum TOHAX drawdown since its inception was -13.74%, smaller than the maximum SENCX drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for TOHAX and SENCX.
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Drawdown Indicators
| TOHAX | SENCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.74% | -51.89% | +38.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -12.27% | +9.53% |
Max Drawdown (3Y)Largest decline over 3 years | -5.50% | -18.79% | +13.29% |
Max Drawdown (5Y)Largest decline over 5 years | -13.74% | -27.82% | +14.08% |
Max Drawdown (10Y)Largest decline over 10 years | -13.74% | -31.56% | +17.82% |
Current DrawdownCurrent decline from peak | -0.23% | -3.73% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -6.36% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 3.03% | -2.28% |
Volatility
TOHAX vs. SENCX - Volatility Comparison
The current volatility for Touchstone Core Municipal Bond Fund (TOHAX) is 0.68%, while Touchstone Large Cap Focused Fund (SENCX) has a volatility of 4.75%. This indicates that TOHAX experiences smaller price fluctuations and is considered to be less risky than SENCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOHAX | SENCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 4.75% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 10.34% | -8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.46% | 12.98% | -10.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 17.16% | -13.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.51% | 18.55% | -15.04% |
TOHAX vs. SENCX - Expense Ratio Comparison
TOHAX has a 0.82% expense ratio, which is lower than SENCX's 0.99% expense ratio.
Dividends
TOHAX vs. SENCX - Dividend Comparison
TOHAX's dividend yield for the trailing twelve months is around 2.80%, more than SENCX's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SENCX Touchstone Large Cap Focused Fund | 1.44% | 1.46% | 0.66% | 0.65% | 1.58% | 6.74% | 5.59% | 23.32% | 12.26% | 17.28% | 7.08% | 9.70% |
TOHAX Touchstone Core Municipal Bond Fund | 2.80% | 3.93% | 2.85% | 2.08% | 1.30% | 1.91% | 2.91% | 3.13% | 2.92% | 2.97% | 3.20% | 3.32% |
Frequently Asked Questions
TOHAX and SENCX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SENCX has higher volatility (4.75%) compared to TOHAX (0.68%). In terms of maximum drawdown, TOHAX dropped -13.74% vs SENCX's -51.89%.
TOHAX currently has the higher Sharpe Ratio (2.17 vs 1.30), 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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