IBALX vs. SMIFX

Last updated Jun 24, 2026

IBALX (Transamerica Multi-Managed Balanced Fund) and SMIFX (Sound Mind Investing Fund) are both Diversified Portfolio funds. Over the past 10 years, IBALX returned 9.75%/yr vs 9.72%/yr for SMIFX. Their correlation of 0.88 suggests significant overlap in exposure. IBALX charges 0.96%/yr vs 1.19%/yr for SMIFX.

Performance

IBALX vs. SMIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Multi-Managed Balanced Fund (IBALX) and Sound Mind Investing Fund (SMIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBALX achieves a 4.51% return, which is significantly lower than SMIFX's 15.84% return. Both investments have delivered pretty close results over the past 10 years, with IBALX having a 9.75% annualized return and SMIFX not far behind at 9.72%.

IBALX

• 1D: -0.40%
• 1M: 0.13%
• YTD: 4.51%
• 6M: 3.96%
• 1Y: 14.51%
• 3Y*: 13.28%
• 5Y*: 7.61%
• 10Y*: 9.75%

SMIFX

• 1D: -0.09%
• 1M: 0.45%
• YTD: 15.84%
• 6M: 14.50%
• 1Y: 20.23%
• 3Y*: 12.61%
• 5Y*: 6.19%
• 10Y*: 9.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBALX vs. SMIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBALX Transamerica Multi-Managed Balanced Fund	4.51%	12.69%	14.53%	18.44%	-16.48%	16.65%	15.55%	21.33%	-3.99%	13.84%
SMIFX Sound Mind Investing Fund	15.84%	3.16%	16.65%	5.17%	-8.93%	11.15%	20.76%	19.28%	-8.56%	17.49%

Correlation

The correlation between IBALX and SMIFX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Dec 7, 2005	0.88

The correlation between IBALX and SMIFX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

IBALX vs. SMIFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBALX

IBALX Risk / Return Rank: 51
IBALX Sharpe Ratio Rank: 49
IBALX Sortino Ratio Rank: 48
IBALX Omega Ratio Rank: 50
IBALX Calmar Ratio Rank: 47
IBALX Martin Ratio Rank: 59

SMIFX

SMIFX Risk / Return Rank: 44
SMIFX Sharpe Ratio Rank: 40
SMIFX Sortino Ratio Rank: 36
SMIFX Omega Ratio Rank: 39
SMIFX Calmar Ratio Rank: 61
SMIFX Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBALX vs. SMIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Multi-Managed Balanced Fund (IBALX) and Sound Mind Investing Fund (SMIFX). 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.

	IBALX	SMIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.71	+0.20
Sortino ratio: Return per unit of downside risk	2.70	2.32	+0.38
Omega ratio: Gain probability vs. loss probability	1.36	1.31	+0.05
Calmar ratio: Return relative to maximum drawdown	2.52	2.87	-0.35
Martin ratio: Return relative to average drawdown	11.10	9.07	+2.03

IBALX vs. SMIFX - Sharpe Ratio Comparison

The current IBALX Sharpe Ratio is 1.91, which is comparable to the SMIFX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of IBALX and SMIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBALX vs. SMIFX - Drawdown Comparison

The maximum IBALX drawdown since its inception was -43.33%, smaller than the maximum SMIFX drawdown of -54.33%. Use the drawdown chart below to compare losses from any high point for IBALX and SMIFX.

Drawdown Indicators

	IBALX	SMIFX	Difference
Max Drawdown Largest peak-to-trough decline	-43.33%	-54.33%	+11.00%
Max Drawdown (1Y) Largest decline over 1 year	-6.10%	-7.42%	+1.32%
Max Drawdown (3Y) Largest decline over 3 years	-11.56%	-19.98%	+8.42%
Max Drawdown (5Y) Largest decline over 5 years	-23.64%	-41.36%	+17.72%
Max Drawdown (10Y) Largest decline over 10 years	-23.64%	-41.36%	+17.72%
Current Drawdown Current decline from peak	-1.19%	-9.55%	+8.36%
Average Drawdown Average peak-to-trough decline	-5.94%	-14.27%	+8.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	2.34%	-0.96%

Volatility

IBALX vs. SMIFX - Volatility Comparison

The current volatility for Transamerica Multi-Managed Balanced Fund (IBALX) is 3.16%, while Sound Mind Investing Fund (SMIFX) has a volatility of 5.19%. This indicates that IBALX experiences smaller price fluctuations and is considered to be less risky than SMIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBALX	SMIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	5.19%	-2.03%
Volatility (6M) Calculated over the trailing 6-month period	6.45%	9.92%	-3.47%
Volatility (1Y) Calculated over the trailing 1-year period	8.06%	12.45%	-4.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.52%	29.06%	-17.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.53%	24.22%	-12.69%

IBALX vs. SMIFX - Expense Ratio Comparison

IBALX has a 0.96% expense ratio, which is lower than SMIFX's 1.19% expense ratio.

Dividends

IBALX vs. SMIFX - Dividend Comparison

IBALX's dividend yield for the trailing twelve months is around 5.52%, more than SMIFX's 4.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBALX Transamerica Multi-Managed Balanced Fund	5.52%	6.13%	7.92%	4.09%	3.09%	6.82%	4.84%	4.15%	8.16%	3.20%	1.49%	3.44%
SMIFX Sound Mind Investing Fund	4.60%	5.33%	1.28%	1.73%	0.97%	46.86%	0.00%	0.48%	26.02%	10.06%	0.00%	14.94%

Frequently Asked Questions

Can I hold both IBALX and SMIFX in my portfolio?

IBALX and SMIFX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBALX or SMIFX?

SMIFX has higher volatility (5.19%) compared to IBALX (3.16%). In terms of maximum drawdown, IBALX dropped -43.33% vs SMIFX's -54.33%.

Which has better risk-adjusted returns?

IBALX currently has the higher Sharpe Ratio (1.91 vs 1.71), 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.