TSORX vs. SWRLX

Last updated Jul 14, 2026

TSORX (Nuveen International Responsible Equity Fund Class A) and SWRLX (Touchstone International Equity Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, TSORX returned 8.96%/yr vs 10.88%/yr for SWRLX. Their correlation of 0.89 suggests significant overlap in exposure. TSORX charges 0.71%/yr vs 1.37%/yr for SWRLX.

Performance

TSORX vs. SWRLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen International Responsible Equity Fund Class A (TSORX) and Touchstone International Equity Fund (SWRLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSORX achieves a 9.08% return, which is significantly lower than SWRLX's 21.19% return. Over the past 10 years, TSORX has underperformed SWRLX with an annualized return of 8.96%, while SWRLX has yielded a comparatively higher 10.88% annualized return.

TSORX

• 1D: 0.18%
• 1M: 1.55%
• 6M: 5.90%
• YTD: 9.08%
• 1Y: 18.90%
• 3Y*: 15.49%
• 5Y*: 8.28%
• 10Y*: 8.96%

SWRLX

• 1D: 0.41%
• 1M: 0.04%
• 6M: 17.51%
• YTD: 21.19%
• 1Y: 45.14%
• 3Y*: 24.48%
• 5Y*: 12.61%
• 10Y*: 10.88%

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

TSORX vs. SWRLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSORX Nuveen International Responsible Equity Fund Class A	9.08%	28.13%	2.92%	18.90%	-15.04%	11.57%	9.49%	23.02%	-13.94%	21.85%
SWRLX Touchstone International Equity Fund	21.19%	53.78%	-1.53%	17.63%	-11.02%	3.86%	7.47%	25.87%	-16.81%	27.24%

Correlation

The correlation between TSORX and SWRLX is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.89

The correlation between TSORX and SWRLX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

Return for Risk

TSORX vs. SWRLX — Risk / Return Rank

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

TSORX

TSORX Risk / Return Rank: 27
TSORX Sharpe Ratio Rank: 26
TSORX Sortino Ratio Rank: 27
TSORX Omega Ratio Rank: 27
TSORX Calmar Ratio Rank: 25
TSORX Martin Ratio Rank: 29

SWRLX

SWRLX Risk / Return Rank: 92
SWRLX Sharpe Ratio Rank: 96
SWRLX Sortino Ratio Rank: 90
SWRLX Omega Ratio Rank: 89
SWRLX Calmar Ratio Rank: 92
SWRLX Martin Ratio Rank: 91

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.

TSORX vs. SWRLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen International Responsible Equity Fund Class A (TSORX) and Touchstone International Equity Fund (SWRLX). 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.

	TSORX	SWRLX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	2.87	-1.77
Sortino ratio: Return per unit of downside risk	1.62	3.69	-2.07
Omega ratio: Gain probability vs. loss probability	1.20	1.53	-0.32
Calmar ratio: Return relative to maximum drawdown	1.40	3.86	-2.46
Martin ratio: Return relative to average drawdown	5.10	14.00	-8.89

TSORX vs. SWRLX - Sharpe Ratio Comparison

The current TSORX Sharpe Ratio is 1.10, which is lower than the SWRLX Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of TSORX and SWRLX, 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

TSORX vs. SWRLX - Drawdown Comparison

The maximum TSORX drawdown since its inception was -33.10%, smaller than the maximum SWRLX drawdown of -59.44%. Use the drawdown chart below to compare losses from any high point for TSORX and SWRLX.

Drawdown Indicators

	TSORX	SWRLX	Difference
Max Drawdown Largest peak-to-trough decline	-33.10%	-59.44%	+26.34%
Max Drawdown (1Y) Largest decline over 1 year	-12.68%	-11.49%	-1.19%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	-14.08%	+0.82%
Max Drawdown (5Y) Largest decline over 5 years	-29.70%	-34.19%	+4.49%
Max Drawdown (10Y) Largest decline over 10 years	-33.10%	-35.95%	+2.85%
Current Drawdown Current decline from peak	-0.99%	-2.72%	+1.73%
Average Drawdown Average peak-to-trough decline	-6.12%	-11.60%	+5.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	3.16%	+0.31%

Volatility

TSORX vs. SWRLX - Volatility Comparison

The current volatility for Nuveen International Responsible Equity Fund Class A (TSORX) is 5.12%, while Touchstone International Equity Fund (SWRLX) has a volatility of 6.03%. This indicates that TSORX experiences smaller price fluctuations and is considered to be less risky than SWRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSORX	SWRLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	6.03%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	13.50%	13.49%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	15.44%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	17.59%	-1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	16.62%	-0.28%

TSORX vs. SWRLX - Expense Ratio Comparison

TSORX has a 0.71% expense ratio, which is lower than SWRLX's 1.37% expense ratio.

Dividends

TSORX vs. SWRLX - Dividend Comparison

TSORX's dividend yield for the trailing twelve months is around 5.02%, less than SWRLX's 6.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWRLX Touchstone International Equity Fund	6.30%	7.63%	10.53%	1.36%	1.56%	14.95%	0.46%	9.10%	15.19%	3.61%	0.66%	3.76%
TSORX Nuveen International Responsible Equity Fund Class A	5.02%	5.48%	2.98%	2.96%	2.03%	2.85%	1.21%	1.34%	2.11%	0.04%	2.21%	0.00%

Frequently Asked Questions

Can I hold both TSORX and SWRLX in my portfolio?

TSORX and SWRLX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSORX or SWRLX?

SWRLX has higher volatility (6.03%) compared to TSORX (5.12%). In terms of maximum drawdown, TSORX dropped -33.10% vs SWRLX's -59.44%.

Which has better risk-adjusted returns?

SWRLX currently has the higher Sharpe Ratio (2.87 vs 1.10), 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.