TSFIX vs. MXIIX
TSFIX (Touchstone Small Cap Fund) and MXIIX (Touchstone Flexible Income Fund) are both mutual funds - TSFIX is a Small Cap Blend Equities fund managed by Touchstone, while MXIIX is a Multisector Bonds fund managed by Touchstone. Over the past 10 years, TSFIX returned 9.83%/yr vs 3.66%/yr for MXIIX. At a 0.34 correlation, their price movements are largely independent. TSFIX charges 0.94%/yr vs 0.79%/yr for MXIIX.
Performance
TSFIX vs. MXIIX - Performance Comparison
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Returns By Period
In the year-to-date period, TSFIX achieves a 7.45% return, which is significantly higher than MXIIX's 1.68% return. Over the past 10 years, TSFIX has outperformed MXIIX with an annualized return of 9.83%, while MXIIX has yielded a comparatively lower 3.66% annualized return.
TSFIX
- 1D
- 1.42%
- 1M
- 3.40%
- YTD
- 7.45%
- 6M
- 5.82%
- 1Y
- 15.21%
- 3Y*
- 12.15%
- 5Y*
- 9.02%
- 10Y*
- 9.83%
MXIIX
- 1D
- 0.10%
- 1M
- 1.24%
- YTD
- 1.68%
- 6M
- 1.89%
- 1Y
- 5.84%
- 3Y*
- 6.08%
- 5Y*
- 2.49%
- 10Y*
- 3.66%
TSFIX vs. MXIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSFIX Touchstone Small Cap Fund | 7.45% | 5.89% | 11.13% | 20.89% | -9.70% | 20.04% | 10.34% | 39.71% | -9.59% | 6.27% |
MXIIX Touchstone Flexible Income Fund | 1.68% | 6.11% | 4.82% | 7.96% | -8.14% | 3.17% | 8.15% | 8.73% | -1.47% | 6.75% |
Correlation
The correlation between TSFIX and MXIIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009 | 0.34 |
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Return for Risk
TSFIX vs. MXIIX — Risk / Return Rank
TSFIX
MXIIX
TSFIX vs. MXIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Small Cap Fund (TSFIX) and Touchstone Flexible Income Fund (MXIIX). 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.
| TSFIX | MXIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.24 | -0.67 |
| Martin ratioReturn relative to average drawdown | 4.50 | 7.52 | -3.02 |
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Drawdowns
TSFIX vs. MXIIX - Drawdown Comparison
The maximum TSFIX drawdown since its inception was -39.00%, roughly equal to the maximum MXIIX drawdown of -37.45%. Use the drawdown chart below to compare losses from any high point for TSFIX and MXIIX.
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Drawdown Indicators
| TSFIX | MXIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.00% | -37.45% | -1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -2.66% | -6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -2.66% | -22.10% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -11.59% | -16.71% |
Max Drawdown (10Y)Largest decline over 10 years | -39.00% | -15.21% | -23.79% |
Current DrawdownCurrent decline from peak | -1.50% | -0.16% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -3.44% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 0.79% | +2.54% |
Volatility
TSFIX vs. MXIIX - Volatility Comparison
Touchstone Small Cap Fund (TSFIX) has a higher volatility of 4.41% compared to Touchstone Flexible Income Fund (MXIIX) at 0.86%. This indicates that TSFIX's price experiences larger fluctuations and is considered to be riskier than MXIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSFIX | MXIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 0.86% | +3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 2.48% | +8.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 3.29% | +12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 3.44% | +17.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | 4.41% | +17.36% |
TSFIX vs. MXIIX - Expense Ratio Comparison
TSFIX has a 0.94% expense ratio, which is higher than MXIIX's 0.79% expense ratio.
Dividends
TSFIX vs. MXIIX - Dividend Comparison
TSFIX's dividend yield for the trailing twelve months is around 0.27%, less than MXIIX's 5.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXIIX Touchstone Flexible Income Fund | 5.21% | 4.66% | 4.03% | 3.77% | 4.70% | 3.49% | 4.66% | 3.84% | 4.04% | 2.72% | 2.91% | 3.30% |
TSFIX Touchstone Small Cap Fund | 0.27% | 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
TSFIX and MXIIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSFIX has higher volatility (4.41%) compared to MXIIX (0.86%). In terms of maximum drawdown, TSFIX dropped -39.00% vs MXIIX's -37.45%.
MXIIX currently has the higher Sharpe Ratio (1.81 vs 0.94), 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.
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