IALAX vs. SPY
Compare and contrast key facts about Transamerica Capital Growth Fund (IALAX) and State Street SPDR S&P 500 ETF (SPY).
IALAX is managed by Transamerica. It was launched on Mar 1, 1999. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
IALAX vs. SPY - Performance Comparison
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IALAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IALAX Transamerica Capital Growth Fund | -18.81% | 20.54% | 43.92% | 47.30% | -60.39% | 0.10% | 111.63% | 21.63% | 6.59% | 43.81% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, IALAX achieves a -18.81% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, IALAX has underperformed SPY with an annualized return of 12.67%, while SPY has yielded a comparatively higher 13.98% annualized return.
IALAX
- 1D
- -0.61%
- 1M
- -8.35%
- YTD
- -18.81%
- 6M
- -26.34%
- 1Y
- 9.12%
- 3Y*
- 21.13%
- 5Y*
- -3.36%
- 10Y*
- 12.67%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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IALAX vs. SPY - Expense Ratio Comparison
IALAX has a 1.01% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
IALAX vs. SPY — Risk / Return Rank
IALAX
SPY
IALAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica Capital Growth Fund (IALAX) and State Street SPDR S&P 500 ETF (SPY). 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.
| IALAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.93 | -0.70 |
Sortino ratioReturn per unit of downside risk | 0.57 | 1.45 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.22 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.13 | 1.53 | -1.40 |
Martin ratioReturn relative to average drawdown | 0.33 | 7.30 | -6.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IALAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.93 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.69 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.78 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.56 | -0.19 |
Correlation
The correlation between IALAX and SPY is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IALAX vs. SPY - Dividend Comparison
IALAX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
IALAX vs. SPY - Drawdown Comparison
The maximum IALAX drawdown since its inception was -69.30%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IALAX and SPY.
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Drawdown Indicators
| IALAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.30% | -55.19% | -14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -29.07% | -12.05% | -17.02% |
Max Drawdown (5Y)Largest decline over 5 years | -69.30% | -24.50% | -44.80% |
Max Drawdown (10Y)Largest decline over 10 years | -69.30% | -33.72% | -35.58% |
Current DrawdownCurrent decline from peak | -33.66% | -6.24% | -27.42% |
Average DrawdownAverage peak-to-trough decline | -14.78% | -9.09% | -5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.27% | 2.52% | +8.75% |
Volatility
IALAX vs. SPY - Volatility Comparison
Transamerica Capital Growth Fund (IALAX) has a higher volatility of 8.57% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that IALAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IALAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 5.31% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 22.03% | 9.47% | +12.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.36% | 19.05% | +14.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.72% | 17.06% | +24.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.50% | 17.92% | +16.58% |