TVOAX vs. ISCG
TVOAX (Touchstone Small Cap Value Fund) and ISCG (iShares Morningstar Small-Cap Growth ETF) are both funds - TVOAX is a Small Cap Value Equities fund managed by Touchstone, while ISCG is a Small Cap Growth Equities fund tracking the Morningstar US Small Cap Broad Growth Extended Index. Over the past 10 years, TVOAX returned 10.07%/yr vs 11.89%/yr for ISCG. Their correlation of 0.84 suggests significant overlap in exposure. TVOAX charges 1.38%/yr vs 0.06%/yr for ISCG.
Performance
TVOAX vs. ISCG - Performance Comparison
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Returns By Period
In the year-to-date period, TVOAX achieves a 18.21% return, which is significantly higher than ISCG's 13.97% return. Over the past 10 years, TVOAX has underperformed ISCG with an annualized return of 10.07%, while ISCG has yielded a comparatively higher 11.89% annualized return.
TVOAX
- 1D
- 0.57%
- 1M
- 4.72%
- YTD
- 18.21%
- 6M
- 16.06%
- 1Y
- 34.20%
- 3Y*
- 16.88%
- 5Y*
- 9.01%
- 10Y*
- 10.07%
ISCG
- 1D
- -1.18%
- 1M
- 2.35%
- YTD
- 13.97%
- 6M
- 11.01%
- 1Y
- 30.38%
- 3Y*
- 17.43%
- 5Y*
- 4.77%
- 10Y*
- 11.89%
TVOAX vs. ISCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TVOAX Touchstone Small Cap Value Fund | 18.21% | 10.39% | 9.64% | 10.16% | -8.60% | 30.20% | 3.18% | 24.48% | -15.71% | 7.21% |
ISCG iShares Morningstar Small-Cap Growth ETF | 13.97% | 12.88% | 13.35% | 23.13% | -26.75% | -1.26% | 43.41% | 27.66% | -6.91% | 24.68% |
Correlation
The correlation between TVOAX and ISCG is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2004 | 0.84 |
The correlation between TVOAX and ISCG has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
TVOAX vs. ISCG — Risk / Return Rank
TVOAX
ISCG
TVOAX vs. ISCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Small Cap Value Fund (TVOAX) and iShares Morningstar Small-Cap Growth ETF (ISCG). 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.
| TVOAX | ISCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 2.67 | +1.44 |
| Martin ratioReturn relative to average drawdown | 13.80 | 10.16 | +3.64 |
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Drawdowns
TVOAX vs. ISCG - Drawdown Comparison
The maximum TVOAX drawdown since its inception was -61.78%, which is greater than ISCG's maximum drawdown of -57.72%. Use the drawdown chart below to compare losses from any high point for TVOAX and ISCG.
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Drawdown Indicators
| TVOAX | ISCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.78% | -57.72% | -4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -11.43% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -26.71% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.90% | -37.80% | +13.90% |
Max Drawdown (10Y)Largest decline over 10 years | -44.53% | -41.48% | -3.05% |
Current DrawdownCurrent decline from peak | -0.12% | -1.18% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -11.60% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 3.00% | -0.38% |
Volatility
TVOAX vs. ISCG - Volatility Comparison
The current volatility for Touchstone Small Cap Value Fund (TVOAX) is 4.32%, while iShares Morningstar Small-Cap Growth ETF (ISCG) has a volatility of 5.89%. This indicates that TVOAX experiences smaller price fluctuations and is considered to be less risky than ISCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TVOAX | ISCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 5.89% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 13.68% | -2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 18.61% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 23.03% | -3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 23.17% | -1.63% |
TVOAX vs. ISCG - Expense Ratio Comparison
TVOAX has a 1.38% expense ratio, which is higher than ISCG's 0.06% expense ratio.
Dividends
TVOAX vs. ISCG - Dividend Comparison
TVOAX's dividend yield for the trailing twelve months is around 0.46%, less than ISCG's 0.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCG iShares Morningstar Small-Cap Growth ETF | 0.59% | 0.61% | 0.84% | 0.77% | 0.92% | 0.62% | 0.10% | 0.27% | 0.40% | 0.52% | 1.19% | 0.64% |
TVOAX Touchstone Small Cap Value Fund | 0.46% | 0.55% | 0.31% | 0.53% | 0.02% | 0.36% | 0.29% | 0.24% | 8.30% | 0.04% | 0.51% | 5.64% |
Frequently Asked Questions
TVOAX and ISCG have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCG has higher volatility (5.89%) compared to TVOAX (4.32%). In terms of maximum drawdown, TVOAX dropped -61.78% vs ISCG's -57.72%.
TVOAX currently has the higher Sharpe Ratio (2.19 vs 1.64), 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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