IALAX vs. XLK
IALAX (Transamerica Capital Growth Fund) and XLK (State Street Technology Select Sector SPDR ETF) are both funds - IALAX is a Large Cap Growth Equities fund managed by Transamerica, while XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. Over the past 10 years, IALAX returned 13.39%/yr vs 23.77%/yr for XLK. Their 0.76 correlation means they have sometimes moved together and sometimes differently. IALAX charges 1.01%/yr vs 0.08%/yr for XLK.
Performance
IALAX vs. XLK - Performance Comparison
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Returns By Period
In the year-to-date period, IALAX achieves a -7.53% return, which is significantly lower than XLK's 22.09% return. Over the past 10 years, IALAX has underperformed XLK with an annualized return of 13.39%, while XLK has yielded a comparatively higher 23.77% 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%
XLK
- 1D
- -0.22%
- 1M
- -2.90%
- 6M
- 22.17%
- YTD
- 22.09%
- 1Y
- 37.14%
- 3Y*
- 26.04%
- 5Y*
- 18.87%
- 10Y*
- 23.77%
- ALL TIME*
- 10.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.61B | $1.67B | $2.22B |
IALAX vs. XLK - 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% |
XLK State Street Technology Select Sector SPDR ETF | 22.09% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
Correlation
The correlation between IALAX and XLK is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 1999 | 0.76 |
The correlation between IALAX and XLK has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.
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Return for Risk
IALAX vs. XLK — Risk / Return Rank
IALAX
XLK
IALAX vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica Capital Growth Fund (IALAX) and State Street Technology Select Sector SPDR ETF (XLK). 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 | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.23 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.16 | -2.39 |
| Martin ratioReturn relative to average drawdown | -0.44 | 5.85 | -6.29 |
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Drawdowns
IALAX vs. XLK - Drawdown Comparison
The maximum IALAX drawdown since its inception was -69.30%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for IALAX and XLK.
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Drawdown Indicators
| IALAX | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.30% | -82.05% | +12.75% |
Max Drawdown (1Y)Largest decline over 1 year | -29.07% | -15.92% | -13.15% |
Max Drawdown (3Y)Largest decline over 3 years | -32.33% | -25.66% | -6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -69.30% | -33.56% | -35.74% |
Max Drawdown (10Y)Largest decline over 10 years | -69.30% | -33.56% | -35.74% |
Current DrawdownCurrent decline from peak | -24.45% | -11.43% | -13.02% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -34.80% | +19.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.30% | 5.86% | +9.44% |
Volatility
IALAX vs. XLK - Volatility Comparison
The current volatility for Transamerica Capital Growth Fund (IALAX) is 7.71%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 9.58%. This indicates that IALAX experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IALAX | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 9.58% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 24.19% | 21.81% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.52% | 25.59% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.96% | 25.75% | +16.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.89% | 24.90% | +9.99% |
IALAX vs. XLK - Expense Ratio Comparison
IALAX has a 1.01% expense ratio, which is higher than XLK's 0.08% expense ratio.
Dividends
IALAX vs. XLK - Dividend Comparison
IALAX has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.45%.
| Position | 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% |
XLK State Street Technology Select Sector SPDR ETF | 0.45% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
IALAX and XLK have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLK has higher volatility (9.58%) compared to IALAX (7.71%). In terms of maximum drawdown, IALAX dropped -69.30% vs XLK's -82.05%.
XLK currently has the higher Sharpe Ratio (1.34 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.
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