TQCAX vs. TSFIX

Last updated Jun 4, 2026

TQCAX (Touchstone Dividend Equity Fund) and TSFIX (Touchstone Small Cap Fund) are both mutual funds - TQCAX is a Large Cap Value Equities fund managed by Touchstone, while TSFIX is a Small Cap Blend Equities fund managed by Touchstone. Over the past 3 years, TQCAX returned 16.89%/yr vs 11.82%/yr for TSFIX. Their correlation of 0.83 suggests significant overlap in exposure. TQCAX charges 1.04%/yr vs 0.94%/yr for TSFIX.

Performance

TQCAX vs. TSFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Dividend Equity Fund (TQCAX) and Touchstone Small Cap Fund (TSFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TQCAX achieves a 10.82% return, which is significantly higher than TSFIX's 5.03% return.

TQCAX

• 1D: 0.70%
• 1M: 4.52%
• YTD: 10.82%
• 6M: 11.79%
• 1Y: 25.18%
• 3Y*: 16.89%
• 5Y*: —
• 10Y*: —

TSFIX

• 1D: 0.06%
• 1M: 2.36%
• YTD: 5.03%
• 6M: 6.17%
• 1Y: 10.53%
• 3Y*: 11.82%
• 5Y*: 7.80%
• 10Y*: 9.57%

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

TQCAX vs. TSFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TQCAX Touchstone Dividend Equity Fund	10.82%	16.36%	12.60%	10.89%	-5.76%	8.12%
TSFIX Touchstone Small Cap Fund	5.03%	5.89%	11.13%	20.89%	-9.70%	11.56%

Correlation

The correlation between TQCAX and TSFIX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jul 21, 2021	0.83

The correlation between TQCAX and TSFIX has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

Return for Risk

TQCAX vs. TSFIX — Risk / Return Rank

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

TQCAX

TQCAX Risk / Return Rank: 76
TQCAX Sharpe Ratio Rank: 80
TQCAX Sortino Ratio Rank: 77
TQCAX Omega Ratio Rank: 72
TQCAX Calmar Ratio Rank: 79
TQCAX Martin Ratio Rank: 74

TSFIX

TSFIX Risk / Return Rank: 11
TSFIX Sharpe Ratio Rank: 10
TSFIX Sortino Ratio Rank: 10
TSFIX Omega Ratio Rank: 9
TSFIX Calmar Ratio Rank: 14
TSFIX Martin Ratio Rank: 12

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. TSFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Dividend Equity Fund (TQCAX) and Touchstone Small Cap Fund (TSFIX). 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.

	TQCAX	TSFIX	Difference
Sharpe ratio Return per unit of total volatility	2.63	0.77	+1.86
Sortino ratio Return per unit of downside risk	3.72	1.22	+2.50
Omega ratio Gain probability vs. loss probability	1.48	1.14	+0.34
Calmar ratio Return relative to maximum drawdown	3.58	1.28	+2.30
Martin ratio Return relative to average drawdown	14.02	3.63	+10.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TQCAX vs. TSFIX - Sharpe Ratio Comparison

The current TQCAX Sharpe Ratio is 2.63, which is higher than the TSFIX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of TQCAX and TSFIX, 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

	TQCAX	TSFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	0.77	+1.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.52	+0.21

Drawdowns

TQCAX vs. TSFIX - Drawdown Comparison

The maximum TQCAX drawdown since its inception was -18.84%, smaller than the maximum TSFIX drawdown of -39.00%. Use the drawdown chart below to compare losses from any high point for TQCAX and TSFIX.

Drawdown Indicators

	TQCAX	TSFIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.84%	-39.00%	+20.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-9.54%	+2.17%
Max Drawdown (3Y) Largest decline over 3 years	-15.96%	-24.76%	+8.80%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.00%	—
Current Drawdown Current decline from peak	0.00%	-0.50%	+0.50%
Average Drawdown Average peak-to-trough decline	-3.73%	-6.91%	+3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	3.36%	-1.48%

Volatility

TQCAX vs. TSFIX - Volatility Comparison

The current volatility for Touchstone Dividend Equity Fund (TQCAX) is 2.33%, while Touchstone Small Cap Fund (TSFIX) has a volatility of 4.35%. This indicates that TQCAX experiences smaller price fluctuations and is considered to be less risky than TSFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQCAX	TSFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	4.35%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	7.34%	10.47%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.03%	15.82%	-5.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	20.75%	-6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.70%	21.76%	-7.06%

TQCAX vs. TSFIX - Expense Ratio Comparison

TQCAX has a 1.04% expense ratio, which is higher than TSFIX's 0.94% expense ratio.

Dividends

TQCAX vs. TSFIX - Dividend Comparison

TQCAX's dividend yield for the trailing twelve months is around 5.84%, more than TSFIX's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TQCAX Touchstone Dividend Equity Fund	5.84%	6.40%	7.16%	4.69%	5.30%	2.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TSFIX Touchstone Small Cap Fund	0.28%	5.87%	1.43%	3.37%	1.89%	13.31%	2.52%	18.54%	32.83%	22.85%	0.37%	13.55%

Frequently Asked Questions

Can I hold both TQCAX and TSFIX in my portfolio?

TQCAX and TSFIX have a correlation of 0.79, 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 TSFIX?

TSFIX has higher volatility (4.35%) compared to TQCAX (2.33%). In terms of maximum drawdown, TQCAX dropped -18.84% vs TSFIX's -39.00%.

Which has better risk-adjusted returns?

TQCAX currently has the higher Sharpe Ratio (2.63 vs 0.77), 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.