TSDOX vs. TMPFX

Last updated Jun 23, 2026

TSDOX (Touchstone Ultra Short Duration Fixed Income Fund) and TMPFX (Tactical Multi-Purpose Fund) are both Ultrashort Bond funds. Over the past 5 years, TSDOX returned 3.67%/yr vs 2.71%/yr for TMPFX. At a correlation of -0.03, they often move in opposite directions. TSDOX charges 0.69%/yr vs 1.14%/yr for TMPFX.

Performance

TSDOX vs. TMPFX - Performance Comparison

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

Returns By Period

In the year-to-date period, TSDOX achieves a 1.48% return, which is significantly lower than TMPFX's 1.72% return.

TSDOX

• 1D: 0.00%
• 1M: 0.32%
• YTD: 1.48%
• 6M: 1.87%
• 1Y: 4.31%
• 3Y*: 5.68%
• 5Y*: 3.67%
• 10Y*: 2.64%

TMPFX

• 1D: 0.10%
• 1M: 0.30%
• YTD: 1.72%
• 6M: 1.83%
• 1Y: 3.82%
• 3Y*: 3.99%
• 5Y*: 2.71%
• 10Y*: —

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

TSDOX vs. TMPFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TSDOX Touchstone Ultra Short Duration Fixed Income Fund	1.48%	4.73%	6.87%	5.75%	-0.37%	0.20%	1.25%	3.07%	1.74%
TMPFX Tactical Multi-Purpose Fund	1.72%	3.71%	4.26%	3.90%	0.51%	-0.91%	-0.60%	0.30%	-0.30%

Correlation

The correlation between TSDOX and TMPFX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Jan 5, 2018	-0.03

Return for Risk

TSDOX vs. TMPFX — Risk / Return Rank

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

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

TMPFX

TMPFX Risk / Return Rank: 100
TMPFX Sharpe Ratio Rank: 100
TMPFX Sortino Ratio Rank: 100
TMPFX Omega Ratio Rank: 100
TMPFX Calmar Ratio Rank: 100
TMPFX Martin Ratio Rank: 100

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.

TSDOX vs. TMPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) and Tactical Multi-Purpose Fund (TMPFX). 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.

	TSDOX	TMPFX	Difference
Sharpe ratio: Return per unit of total volatility	3.01	6.60	-3.60
Sortino ratio: Return per unit of downside risk	9.24	37.61	-28.37
Omega ratio: Gain probability vs. loss probability	3.44	38.54	-35.09
Calmar ratio: Return relative to maximum drawdown	20.01	38.39	-18.37
Martin ratio: Return relative to average drawdown	64.07	608.14	-544.07

TSDOX vs. TMPFX - Sharpe Ratio Comparison

The current TSDOX Sharpe Ratio is 3.01, which is lower than the TMPFX Sharpe Ratio of 6.60. The chart below compares the historical Sharpe Ratios of TSDOX and TMPFX, 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

TSDOX vs. TMPFX - Drawdown Comparison

The maximum TSDOX drawdown since its inception was -5.27%, which is greater than TMPFX's maximum drawdown of -3.52%. Use the drawdown chart below to compare losses from any high point for TSDOX and TMPFX.

Drawdown Indicators

	TSDOX	TMPFX	Difference
Max Drawdown Largest peak-to-trough decline	-5.27%	-3.52%	-1.75%
Max Drawdown (1Y) Largest decline over 1 year	-0.22%	-0.10%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-0.32%	-3.52%	+3.20%
Max Drawdown (5Y) Largest decline over 5 years	-1.50%	-3.52%	+2.02%
Max Drawdown (10Y) Largest decline over 10 years	-5.27%	—	—
Current Drawdown Current decline from peak	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-0.18%	-0.64%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	0.01%	+0.06%

Volatility

TSDOX vs. TMPFX - Volatility Comparison

Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) has a higher volatility of 0.45% compared to Tactical Multi-Purpose Fund (TMPFX) at 0.22%. This indicates that TSDOX's price experiences larger fluctuations and is considered to be riskier than TMPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSDOX	TMPFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.45%	0.22%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	1.04%	0.42%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	1.44%	0.59%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.37%	2.34%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.33%	1.81%	-0.48%

TSDOX vs. TMPFX - Expense Ratio Comparison

TSDOX has a 0.69% expense ratio, which is lower than TMPFX's 1.14% expense ratio.

Dividends

TSDOX vs. TMPFX - Dividend Comparison

TSDOX's dividend yield for the trailing twelve months is around 4.33%, more than TMPFX's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TMPFX Tactical Multi-Purpose Fund	3.74%	3.81%	4.15%	3.90%	0.00%	0.00%	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 TSDOX and TMPFX in my portfolio?

TSDOX and TMPFX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSDOX or TMPFX?

TSDOX has higher volatility (0.45%) compared to TMPFX (0.22%). In terms of maximum drawdown, TSDOX dropped -5.27% vs TMPFX's -3.52%.

Which has better risk-adjusted returns?

TMPFX currently has the higher Sharpe Ratio (6.60 vs 3.01), 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.