TQCAX vs. TSFIX

Last updated Aug 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 5 years, TQCAX returned 10.53%/yr vs 9.37%/yr for TSFIX. Their correlation of 0.83 means they have usually moved in the same direction. 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

The year-to-date returns for both investments are quite close, with TQCAX having a 12.94% return and TSFIX slightly higher at 13.07%.

TQCAX

• 1D: -0.05%
• 1M: 0.73%
• 6M: 8.11%
• YTD: 12.94%
• 1Y: 23.01%
• 3Y*: 15.23%
• 5Y*: 10.53%
• 10Y*: —
• ALL TIME*: 10.76%

TSFIX

• 1D: 0.41%
• 1M: 1.17%
• 6M: 7.99%
• YTD: 13.07%
• 1Y: 19.73%
• 3Y*: 11.58%
• 5Y*: 9.37%
• 10Y*: 10.12%
• ALL TIME*: 11.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TQCAX Touchstone Dividend Equity Fund	$0.00	$0.00	$0.00
TSFIX Touchstone Small Cap Fund	$0.00	$0.00	$0.00

TQCAX vs. TSFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TQCAX Touchstone Dividend Equity Fund	12.94%	16.36%	12.60%	10.89%	-5.76%	8.12%
TSFIX Touchstone Small Cap Fund	13.07%	5.89%	11.13%	20.89%	-9.70%	14.70%

Correlation

The correlation between TQCAX and TSFIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Jul 20, 2021	0.83

The correlation between TQCAX and TSFIX has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

Return for Risk

TQCAX vs. TSFIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TQCAX

TQCAX Risk / Return Rank: 84
TQCAX Sharpe Ratio Rank: 86
TQCAX Sortino Ratio Rank: 85
TQCAX Omega Ratio Rank: 81
TQCAX Calmar Ratio Rank: 83
TQCAX Martin Ratio Rank: 87

TSFIX

TSFIX Risk / Return Rank: 35
TSFIX Sharpe Ratio Rank: 33
TSFIX Sortino Ratio Rank: 35
TSFIX Omega Ratio Rank: 31
TSFIX Calmar Ratio Rank: 44
TSFIX Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	TSFIX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.14	+1.00
Sortino ratio: Return per unit of downside risk	3.03	1.74	+1.29
Omega ratio: Gain probability vs. loss probability	1.39	1.20	+0.19
Calmar ratio: Return relative to maximum drawdown	2.95	1.88	+1.06
Martin ratio: Return relative to average drawdown	11.71	5.50	+6.21

TQCAX vs. TSFIX - Sharpe Ratio Comparison

The current TQCAX Sharpe Ratio is 2.13, which is higher than the TSFIX Sharpe Ratio of 1.14. 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.

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	-18.84%	-28.30%	+9.46%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.00%	—
Current Drawdown Current decline from peak	-0.76%	-1.70%	+0.94%
Average Drawdown Average peak-to-trough decline	-3.63%	-6.85%	+3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	3.26%	-1.41%

Volatility

TQCAX vs. TSFIX - Volatility Comparison

The current volatility for Touchstone Dividend Equity Fund (TQCAX) is 2.63%, while Touchstone Small Cap Fund (TSFIX) has a volatility of 4.13%. 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	2.63%	4.13%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	7.44%	10.63%	-3.19%
Volatility (1Y) Calculated over the trailing 1-year period	10.20%	15.78%	-5.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	20.68%	-6.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.57%	21.72%	-7.15%

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 5.69%, more than TSFIX's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TQCAX Touchstone Dividend Equity Fund	5.69%	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	0.26%	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 0.75, 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 (4.13%) compared to TQCAX (2.63%). 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 (2.13 vs 1.14), 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.