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Transamerica High Yield Muni (THYIX) Sharpe Ratio: 2.12

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks to maximize total return through investment in medium- and lower-grade municipal securities that are exempt from federal income tax. The fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in municipal fixed-income securities the interest from which is exempt from federal income tax and the federal alternative minimum tax ("AMT") applicable to individuals. It invests primarily in general obligation and revenue bonds issued by U.S. municipal issuers, as well as issuers in U.S. territories and possessions.

THYIX's Sharpe Ratio of 2.12 indicates that for each unit of volatility, it generates 2.12 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

THYIX Sharpe Ratio Rank

THYIX Sharpe Ratio Rank: 51.752
Average

THYIX ranks above 51.7% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

THYIX Sharpe Ratio Market Positioning

The chart shows THYIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.41 or lower
  • Yellow zone (middle 50%): 1.41 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Transamerica High Yield Muni's Sharpe Ratio with other mutual funds in the High Yield Muni category across multiple time periods, showing how THYIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PRFHXT. Rowe Price Tax Free High Yield Fund3.36
ISHYXInvesco Short Duration High Yield Municipal Fund2.89
SDHIXLord Abbett Short Duration High Income Municipal Bond Fund2.77
HIMFXAmerican High-Income Municipal Bond Fund Class F-32.68
AHMFXAmerican High-Income Municipal Bond Fund Class F-22.65
AMHIXAmerican High-Income Municipal Bond Fund2.59
FHTFXFederated Hermes Municipal High Yield Advtg Fd2.57
EWHYXEaton Vance High Yield Municipal Income Fund Class W2.55
FQTHXFranklin Templeton SMACS: Series H2.46
FRHIXFranklin High Yield Tax Free Income Fund2.46
THYIXTransamerica High Yield Muni2.12

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows THYIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when THYIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does THYIX fit in your portfolio?

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