TSFIX vs. SAGWX

Last updated Jun 4, 2026

TSFIX (Touchstone Small Cap Fund) and SAGWX (Touchstone Small Company Fund) are both Small Cap Blend Equities funds from Touchstone. Over the past 10 years, TSFIX returned 9.57%/yr vs 11.53%/yr for SAGWX. Their correlation of 0.92 suggests significant overlap in exposure. TSFIX charges 0.94%/yr vs 1.17%/yr for SAGWX.

Performance

TSFIX vs. SAGWX - Performance Comparison

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

Returns By Period

In the year-to-date period, TSFIX achieves a 5.03% return, which is significantly lower than SAGWX's 6.61% return. Over the past 10 years, TSFIX has underperformed SAGWX with an annualized return of 9.57%, while SAGWX has yielded a comparatively higher 11.53% annualized return.

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%

SAGWX

• 1D: -0.15%
• 1M: 2.80%
• YTD: 6.61%
• 6M: 5.37%
• 1Y: 19.02%
• 3Y*: 14.18%
• 5Y*: 6.61%
• 10Y*: 11.53%

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

TSFIX vs. SAGWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSFIX Touchstone Small Cap Fund	5.03%	5.89%	11.13%	20.89%	-9.70%	20.04%	10.34%	39.71%	-9.59%	6.27%
SAGWX Touchstone Small Company Fund	6.61%	9.58%	13.32%	15.71%	-14.64%	22.83%	17.58%	29.44%	-8.42%	17.32%

Correlation

The correlation between TSFIX and SAGWX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 2, 2009	0.92

The correlation between TSFIX and SAGWX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

TSFIX vs. SAGWX — Risk / Return Rank

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

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

SAGWX

SAGWX Risk / Return Rank: 25
SAGWX Sharpe Ratio Rank: 22
SAGWX Sortino Ratio Rank: 23
SAGWX Omega Ratio Rank: 20
SAGWX Calmar Ratio Rank: 31
SAGWX Martin Ratio Rank: 30

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.

TSFIX vs. SAGWX - Risk-Adjusted Trends Comparison

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

	TSFIX	SAGWX	Difference
Sharpe ratio: Return per unit of total volatility	0.77	1.33	-0.56
Sortino ratio: Return per unit of downside risk	1.22	1.99	-0.77
Omega ratio: Gain probability vs. loss probability	1.14	1.23	-0.09
Calmar ratio: Return relative to maximum drawdown	1.28	2.12	-0.84
Martin ratio: Return relative to average drawdown	3.63	7.00	-3.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSFIX vs. SAGWX - Sharpe Ratio Comparison

The current TSFIX Sharpe Ratio is 0.77, which is lower than the SAGWX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of TSFIX and SAGWX, 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

	TSFIX	SAGWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.33	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.29	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.51	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.52	0.00

Drawdowns

TSFIX vs. SAGWX - Drawdown Comparison

The maximum TSFIX drawdown since its inception was -39.00%, smaller than the maximum SAGWX drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for TSFIX and SAGWX.

Drawdown Indicators

	TSFIX	SAGWX	Difference
Max Drawdown Largest peak-to-trough decline	-39.00%	-51.87%	+12.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-9.60%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-24.76%	-22.69%	-2.07%
Max Drawdown (5Y) Largest decline over 5 years	-28.30%	-37.07%	+8.77%
Max Drawdown (10Y) Largest decline over 10 years	-39.00%	-41.75%	+2.75%
Current Drawdown Current decline from peak	-0.50%	-0.15%	-0.35%
Average Drawdown Average peak-to-trough decline	-6.91%	-8.88%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	2.90%	+0.46%

Volatility

TSFIX vs. SAGWX - Volatility Comparison

Touchstone Small Cap Fund (TSFIX) and Touchstone Small Company Fund (SAGWX) have volatilities of 4.35% and 4.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSFIX	SAGWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	4.31%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.47%	10.32%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	15.82%	15.32%	+0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.75%	22.86%	-2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.76%	22.65%	-0.89%

TSFIX vs. SAGWX - Expense Ratio Comparison

TSFIX has a 0.94% expense ratio, which is lower than SAGWX's 1.17% expense ratio.

Dividends

TSFIX vs. SAGWX - Dividend Comparison

TSFIX's dividend yield for the trailing twelve months is around 0.28%, less than SAGWX's 5.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SAGWX Touchstone Small Company Fund	5.46%	5.82%	6.03%	0.15%	2.57%	19.71%	0.10%	11.83%	14.83%	9.03%	8.71%	21.16%
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 TSFIX and SAGWX in my portfolio?

With a correlation of 0.91, TSFIX and SAGWX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TSFIX or SAGWX?

TSFIX has higher volatility (4.35%) compared to SAGWX (4.31%). In terms of maximum drawdown, TSFIX dropped -39.00% vs SAGWX's -51.87%.

Which has better risk-adjusted returns?

SAGWX currently has the higher Sharpe Ratio (1.33 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.