IALAX vs. GOVT
IALAX (Transamerica Capital Growth Fund) and GOVT (iShares U.S. Treasury Bond ETF) are both funds - IALAX is a Large Cap Growth Equities fund managed by Transamerica, while GOVT is a Government Bonds fund tracking the ICE U.S. Treasury Core Bond Index. Over the past 10 years, IALAX returned 13.39%/yr vs 0.68%/yr for GOVT. Their -0.05 correlation means they have often moved in opposite directions in the past. IALAX charges 1.01%/yr vs 0.05%/yr for GOVT.
Performance
IALAX vs. GOVT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IALAX achieves a -7.53% return, which is significantly lower than GOVT's -0.74% return. Over the past 10 years, IALAX has outperformed GOVT with an annualized return of 13.39%, while GOVT has yielded a comparatively lower 0.68% annualized return.
IALAX
- 1D
- 2.10%
- 1M
- -6.68%
- 6M
- 1.24%
- YTD
- -7.53%
- 1Y
- -4.59%
- 3Y*
- 18.19%
- 5Y*
- -3.40%
- 10Y*
- 13.39%
- ALL TIME*
- 10.18%
GOVT
- 1D
- -0.24%
- 1M
- -1.06%
- 6M
- -0.78%
- YTD
- -0.74%
- 1Y
- 1.07%
- 3Y*
- 3.05%
- 5Y*
- -0.94%
- 10Y*
- 0.68%
- ALL TIME*
- 1.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $167.09M | $164.37M | $191.03M | |
| $0.00 | $0.00 | $0.00 |
IALAX vs. GOVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IALAX Transamerica Capital Growth Fund | -7.53% | 20.54% | 43.92% | 47.30% | -60.39% | 0.10% | 111.63% | 21.63% | 6.59% | 43.81% |
GOVT iShares U.S. Treasury Bond ETF | -0.74% | 3.77% | 2.95% | 4.17% | -13.39% | -1.11% | 7.28% | 7.36% | 0.26% | 2.19% |
Correlation
The correlation between IALAX and GOVT is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | -0.05 |
The correlation between IALAX and GOVT shifts across timeframes, from -0.05 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IALAX vs. GOVT — Risk / Return Rank
IALAX
GOVT
IALAX vs. GOVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica Capital Growth Fund (IALAX) and iShares U.S. Treasury Bond ETF (GOVT). 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.
| IALAX | GOVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.09 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.68 | -0.91 |
| Martin ratioReturn relative to average drawdown | -0.44 | 1.61 | -2.06 |
Loading charts...
Drawdowns
IALAX vs. GOVT - Drawdown Comparison
The maximum IALAX drawdown since its inception was -69.30%, which is greater than GOVT's maximum drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for IALAX and GOVT.
Loading charts...
Drawdown Indicators
| IALAX | GOVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.30% | -19.07% | -50.23% |
Max Drawdown (1Y)Largest decline over 1 year | -29.07% | -2.85% | -26.22% |
Max Drawdown (3Y)Largest decline over 3 years | -32.33% | -4.90% | -27.43% |
Max Drawdown (5Y)Largest decline over 5 years | -69.30% | -16.60% | -52.70% |
Max Drawdown (10Y)Largest decline over 10 years | -69.30% | -19.07% | -50.23% |
Current DrawdownCurrent decline from peak | -24.45% | -7.75% | -16.70% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -5.27% | -9.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.30% | 1.20% | +14.10% |
Volatility
IALAX vs. GOVT - Volatility Comparison
Transamerica Capital Growth Fund (IALAX) has a higher volatility of 7.71% compared to iShares U.S. Treasury Bond ETF (GOVT) at 0.95%. This indicates that IALAX's price experiences larger fluctuations and is considered to be riskier than GOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IALAX | GOVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 0.95% | +6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 24.19% | 2.75% | +21.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.52% | 3.55% | +26.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.96% | 6.03% | +35.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.89% | 5.21% | +29.68% |
IALAX vs. GOVT - Expense Ratio Comparison
IALAX has a 1.01% expense ratio, which is higher than GOVT's 0.05% expense ratio.
Dividends
IALAX vs. GOVT - Dividend Comparison
IALAX has not paid dividends to shareholders, while GOVT's dividend yield for the trailing twelve months is around 3.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVT iShares U.S. Treasury Bond ETF | 3.33% | 3.49% | 3.14% | 2.65% | 1.77% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% |
IALAX Transamerica Capital Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 20.49% | 5.37% | 10.49% | 4.92% | 23.22% | 22.63% | 3.34% |
Frequently Asked Questions
IALAX and GOVT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IALAX has higher volatility (7.71%) compared to GOVT (0.95%). In terms of maximum drawdown, IALAX dropped -69.30% vs GOVT's -19.07%.
GOVT currently has the higher Sharpe Ratio (0.55 vs -0.22), 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.
Find the right allocation for IALAX and GOVT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer