WMBDX vs. TCPYX
WMBDX (WesMark Government Bond Fund) and TCPYX (Touchstone Impact Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, WMBDX returned -0.40%/yr vs 1.36%/yr for TCPYX. Their correlation of 0.86 means they have usually moved in the same direction. WMBDX charges 1.03%/yr vs 0.51%/yr for TCPYX.
Performance
WMBDX vs. TCPYX - Performance Comparison
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Returns By Period
In the year-to-date period, WMBDX achieves a -0.87% return, which is significantly lower than TCPYX's -0.04% return. Over the past 10 years, WMBDX has underperformed TCPYX with an annualized return of -0.40%, while TCPYX has yielded a comparatively higher 1.36% annualized return.
WMBDX
- 1D
- 0.00%
- 1M
- -1.14%
- 6M
- -1.16%
- YTD
- -0.87%
- 1Y
- 1.61%
- 3Y*
- 3.15%
- 5Y*
- -2.33%
- 10Y*
- -0.40%
- ALL TIME*
- 2.23%
TCPYX
- 1D
- -0.34%
- 1M
- -0.78%
- 6M
- -0.27%
- YTD
- -0.04%
- 1Y
- 2.43%
- 3Y*
- 4.08%
- 5Y*
- -0.46%
- 10Y*
- 1.36%
- ALL TIME*
- 2.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WMBDX vs. TCPYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMBDX WesMark Government Bond Fund | -0.87% | 6.94% | 0.91% | 2.39% | -17.48% | -1.45% | 3.62% | 4.74% | 0.80% | 1.29% |
TCPYX Touchstone Impact Bond Fund | -0.04% | 6.75% | 1.77% | 5.32% | -13.07% | -1.01% | 6.72% | 7.91% | 0.16% | 3.94% |
Correlation
The correlation between WMBDX and TCPYX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009 | 0.86 |
The correlation between WMBDX and TCPYX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
WMBDX vs. TCPYX — Risk / Return Rank
WMBDX
TCPYX
WMBDX vs. TCPYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WesMark Government Bond Fund (WMBDX) and Touchstone Impact Bond Fund (TCPYX). 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.
| WMBDX | TCPYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.16 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.15 | -0.33 |
| Martin ratioReturn relative to average drawdown | 2.04 | 2.95 | -0.91 |
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Drawdowns
WMBDX vs. TCPYX - Drawdown Comparison
The maximum WMBDX drawdown since its inception was -25.15%, which is greater than TCPYX's maximum drawdown of -18.12%. Use the drawdown chart below to compare losses from any high point for WMBDX and TCPYX.
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Drawdown Indicators
| WMBDX | TCPYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.15% | -18.12% | -7.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -2.92% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -6.80% | -4.99% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -25.05% | -18.12% | -6.93% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | -18.12% | -7.03% |
Current DrawdownCurrent decline from peak | -11.41% | -2.53% | -8.88% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -3.21% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.13% | +0.25% |
Volatility
WMBDX vs. TCPYX - Volatility Comparison
The current volatility for WesMark Government Bond Fund (WMBDX) is 0.90%, while Touchstone Impact Bond Fund (TCPYX) has a volatility of 0.99%. This indicates that WMBDX experiences smaller price fluctuations and is considered to be less risky than TCPYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMBDX | TCPYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.99% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 2.92% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 3.81% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 5.89% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 4.85% | -0.11% |
WMBDX vs. TCPYX - Expense Ratio Comparison
WMBDX has a 1.03% expense ratio, which is higher than TCPYX's 0.51% expense ratio.
Dividends
WMBDX vs. TCPYX - Dividend Comparison
WMBDX's dividend yield for the trailing twelve months is around 3.33%, less than TCPYX's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCPYX Touchstone Impact Bond Fund | 4.03% | 3.52% | 3.68% | 3.22% | 2.63% | 1.91% | 2.13% | 2.63% | 2.86% | 2.77% | 2.98% | 2.91% |
WMBDX WesMark Government Bond Fund | 3.33% | 3.49% | 3.50% | 2.95% | 1.40% | 1.26% | 2.06% | 2.07% | 1.70% | 2.01% | 1.85% | 1.52% |
Frequently Asked Questions
WMBDX and TCPYX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCPYX has higher volatility (0.99%) compared to WMBDX (0.90%). In terms of maximum drawdown, WMBDX dropped -25.15% vs TCPYX's -18.12%.
TCPYX currently has the higher Sharpe Ratio (0.88 vs 0.70), 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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