TQCAX vs. TSDOX

Last updated Jun 24, 2026

TQCAX (Touchstone Dividend Equity Fund) and TSDOX (Touchstone Ultra Short Duration Fixed Income Fund) are both mutual funds - TQCAX is a Large Cap Value Equities fund managed by Touchstone, while TSDOX is a Ultrashort Bond fund managed by Touchstone. Over the past 3 years, TQCAX returned 16.51%/yr vs 5.64%/yr for TSDOX. At a 0.06 correlation, their price movements are largely independent. TQCAX charges 1.04%/yr vs 0.69%/yr for TSDOX.

Performance

TQCAX vs. TSDOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Dividend Equity Fund (TQCAX) and Touchstone Ultra Short Duration Fixed Income Fund (TSDOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TQCAX achieves a 10.46% return, which is significantly higher than TSDOX's 1.48% return.

TQCAX

• 1D: 0.05%
• 1M: 0.93%
• YTD: 10.46%
• 6M: 10.04%
• 1Y: 22.39%
• 3Y*: 16.51%
• 5Y*: —
• 10Y*: —

TSDOX

• 1D: 0.00%
• 1M: 0.32%
• YTD: 1.48%
• 6M: 1.87%
• 1Y: 4.20%
• 3Y*: 5.64%
• 5Y*: 3.67%
• 10Y*: 2.64%

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

TQCAX vs. TSDOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TQCAX Touchstone Dividend Equity Fund	10.46%	16.36%	12.60%	10.89%	-5.76%	8.12%
TSDOX Touchstone Ultra Short Duration Fixed Income Fund	1.48%	4.73%	6.87%	5.75%	-0.37%	-0.01%

Correlation

The correlation between TQCAX and TSDOX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 20, 2021	0.06

The correlation between TQCAX and TSDOX shifts across timeframes, from 0.06 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TQCAX vs. TSDOX — Risk / Return Rank

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

TQCAX

TQCAX Risk / Return Rank: 71
TQCAX Sharpe Ratio Rank: 74
TQCAX Sortino Ratio Rank: 73
TQCAX Omega Ratio Rank: 67
TQCAX Calmar Ratio Rank: 74
TQCAX Martin Ratio Rank: 69

TSDOX

TSDOX Risk / Return Rank: 98
TSDOX Sharpe Ratio Rank: 94
TSDOX Sortino Ratio Rank: 99
TSDOX Omega Ratio Rank: 99
TSDOX Calmar Ratio Rank: 100
TSDOX Martin Ratio Rank: 99

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.

TQCAX vs. TSDOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Dividend Equity Fund (TQCAX) and Touchstone Ultra Short Duration Fixed Income Fund (TSDOX). 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.

	TQCAX	TSDOX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	3.01	-0.71
Sortino ratio: Return per unit of downside risk	3.25	9.24	-5.99
Omega ratio: Gain probability vs. loss probability	1.41	3.44	-2.03
Calmar ratio: Return relative to maximum drawdown	3.20	20.01	-16.82
Martin ratio: Return relative to average drawdown	12.43	63.74	-51.31

TQCAX vs. TSDOX - Sharpe Ratio Comparison

The current TQCAX Sharpe Ratio is 2.30, which is comparable to the TSDOX Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of TQCAX and TSDOX, 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

TQCAX vs. TSDOX - Drawdown Comparison

The maximum TQCAX drawdown since its inception was -18.84%, which is greater than TSDOX's maximum drawdown of -5.27%. Use the drawdown chart below to compare losses from any high point for TQCAX and TSDOX.

Drawdown Indicators

	TQCAX	TSDOX	Difference
Max Drawdown Largest peak-to-trough decline	-18.84%	-5.27%	-13.57%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-0.22%	-7.15%
Max Drawdown (3Y) Largest decline over 3 years	-15.96%	-0.32%	-15.64%
Max Drawdown (5Y) Largest decline over 5 years	—	-1.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.27%	—
Current Drawdown Current decline from peak	-0.92%	-0.11%	-0.81%
Average Drawdown Average peak-to-trough decline	-3.70%	-0.18%	-3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	0.07%	+1.82%

Volatility

TQCAX vs. TSDOX - Volatility Comparison

Touchstone Dividend Equity Fund (TQCAX) has a higher volatility of 3.19% compared to Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) at 0.44%. This indicates that TQCAX's price experiences larger fluctuations and is considered to be riskier than TSDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQCAX	TSDOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	0.44%	+2.75%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	1.04%	+6.57%
Volatility (1Y) Calculated over the trailing 1-year period	10.26%	1.44%	+8.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.68%	1.37%	+13.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.68%	1.33%	+13.35%

TQCAX vs. TSDOX - Expense Ratio Comparison

TQCAX has a 1.04% expense ratio, which is higher than TSDOX's 0.69% expense ratio.

Dividends

TQCAX vs. TSDOX - Dividend Comparison

TQCAX's dividend yield for the trailing twelve months is around 5.85%, more than TSDOX's 4.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TQCAX Touchstone Dividend Equity Fund	5.85%	6.40%	7.16%	4.69%	5.30%	2.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TSDOX Touchstone Ultra Short Duration Fixed Income Fund	4.33%	4.51%	5.64%	4.11%	1.61%	0.86%	1.66%	2.48%	2.16%	1.64%	1.29%	1.27%

Frequently Asked Questions

Can I hold both TQCAX and TSDOX in my portfolio?

TQCAX and TSDOX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TQCAX or TSDOX?

TQCAX has higher volatility (3.19%) compared to TSDOX (0.44%). In terms of maximum drawdown, TQCAX dropped -18.84% vs TSDOX's -5.27%.

Which has better risk-adjusted returns?

TSDOX currently has the higher Sharpe Ratio (3.01 vs 2.30), 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.