TPYAX vs. TEQAX

Last updated Jun 24, 2026

TPYAX (Touchstone International ESG Equity Fund) and TEQAX (Touchstone Global ESG Equity Fund) are both Foreign Large Cap Equities funds from Touchstone. Over the past 10 years, TPYAX returned 10.03%/yr vs 12.64%/yr for TEQAX. Their correlation of 0.86 suggests significant overlap in exposure. TPYAX charges 1.17%/yr vs 1.16%/yr for TEQAX.

Performance

TPYAX vs. TEQAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone International ESG Equity Fund (TPYAX) and Touchstone Global ESG Equity Fund (TEQAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPYAX achieves a 0.58% return, which is significantly lower than TEQAX's 14.97% return. Over the past 10 years, TPYAX has underperformed TEQAX with an annualized return of 10.03%, while TEQAX has yielded a comparatively higher 12.64% annualized return.

TPYAX

• 1D: 0.12%
• 1M: 5.62%
• YTD: 0.58%
• 6M: -0.10%
• 1Y: -3.74%
• 3Y*: 9.56%
• 5Y*: 3.20%
• 10Y*: 10.03%

TEQAX

• 1D: -0.23%
• 1M: 6.23%
• YTD: 14.97%
• 6M: 14.99%
• 1Y: 28.96%
• 3Y*: 21.36%
• 5Y*: 11.11%
• 10Y*: 12.64%

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

TPYAX vs. TEQAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPYAX Touchstone International ESG Equity Fund	0.58%	9.60%	8.17%	23.62%	-20.81%	10.68%	12.71%	60.58%	-9.40%	12.15%
TEQAX Touchstone Global ESG Equity Fund	14.97%	29.86%	8.94%	23.45%	-17.07%	11.86%	14.44%	23.18%	-9.72%	25.74%

Correlation

The correlation between TPYAX and TEQAX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 5, 2007	0.86

The correlation between TPYAX and TEQAX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

Return for Risk

TPYAX vs. TEQAX — Risk / Return Rank

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

TPYAX

TPYAX Risk / Return Rank: 2
TPYAX Sharpe Ratio Rank: 2
TPYAX Sortino Ratio Rank: 2
TPYAX Omega Ratio Rank: 2
TPYAX Calmar Ratio Rank: 2
TPYAX Martin Ratio Rank: 2

TEQAX

TEQAX Risk / Return Rank: 44
TEQAX Sharpe Ratio Rank: 41
TEQAX Sortino Ratio Rank: 39
TEQAX Omega Ratio Rank: 39
TEQAX Calmar Ratio Rank: 51
TEQAX Martin Ratio Rank: 50

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.

TPYAX vs. TEQAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone International ESG Equity Fund (TPYAX) and Touchstone Global ESG Equity Fund (TEQAX). 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.

	TPYAX	TEQAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	1.73	-1.86
Sortino ratio: Return per unit of downside risk	-0.05	2.42	-2.47
Omega ratio: Gain probability vs. loss probability	0.99	1.31	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.11	2.62	-2.73
Martin ratio: Return relative to average drawdown	-0.26	9.71	-9.97

TPYAX vs. TEQAX - Sharpe Ratio Comparison

The current TPYAX Sharpe Ratio is -0.13, which is lower than the TEQAX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of TPYAX and TEQAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TPYAX vs. TEQAX - Drawdown Comparison

The maximum TPYAX drawdown since its inception was -57.30%, smaller than the maximum TEQAX drawdown of -61.14%. Use the drawdown chart below to compare losses from any high point for TPYAX and TEQAX.

Drawdown Indicators

	TPYAX	TEQAX	Difference
Max Drawdown Largest peak-to-trough decline	-57.30%	-61.14%	+3.84%
Max Drawdown (1Y) Largest decline over 1 year	-23.78%	-11.23%	-12.55%
Max Drawdown (3Y) Largest decline over 3 years	-23.78%	-14.29%	-9.49%
Max Drawdown (5Y) Largest decline over 5 years	-36.14%	-35.95%	-0.19%
Max Drawdown (10Y) Largest decline over 10 years	-36.14%	-35.95%	-0.19%
Current Drawdown Current decline from peak	-7.51%	-0.23%	-7.28%
Average Drawdown Average peak-to-trough decline	-11.86%	-17.77%	+5.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.74%	3.02%	+6.72%

Volatility

TPYAX vs. TEQAX - Volatility Comparison

Touchstone International ESG Equity Fund (TPYAX) has a higher volatility of 7.60% compared to Touchstone Global ESG Equity Fund (TEQAX) at 6.99%. This indicates that TPYAX's price experiences larger fluctuations and is considered to be riskier than TEQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPYAX	TEQAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.60%	6.99%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	16.45%	14.46%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	19.51%	17.08%	+2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	18.74%	+0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.50%	18.26%	+2.24%

TPYAX vs. TEQAX - Expense Ratio Comparison

TPYAX has a 1.17% expense ratio, which is higher than TEQAX's 1.16% expense ratio.

Dividends

TPYAX vs. TEQAX - Dividend Comparison

TPYAX's dividend yield for the trailing twelve months is around 1.06%, less than TEQAX's 3.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEQAX Touchstone Global ESG Equity Fund	3.82%	4.40%	3.51%	1.46%	7.21%	12.19%	0.33%	3.80%	10.50%	13.02%	0.55%	51.95%
TPYAX Touchstone International ESG Equity Fund	1.06%	1.06%	10.22%	4.12%	2.32%	7.13%	0.34%	46.57%	12.62%	4.31%	2.46%	10.29%

Frequently Asked Questions

Can I hold both TPYAX and TEQAX in my portfolio?

TPYAX and TEQAX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPYAX or TEQAX?

TPYAX has higher volatility (7.60%) compared to TEQAX (6.99%). In terms of maximum drawdown, TPYAX dropped -57.30% vs TEQAX's -61.14%.

Which has better risk-adjusted returns?

TEQAX currently has the higher Sharpe Ratio (1.73 vs -0.13), 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.