ICLAX vs. EMTIX
ICLAX (Transamerica Asset Allocation Conservative Portfolio) and EMTIX (Transamerica Emerging Markets Debt Fund) are both mutual funds - ICLAX is a Diversified Portfolio fund managed by Transamerica, while EMTIX is a Emerging Markets Bonds fund managed by Transamerica. Over the past 10 years, ICLAX returned 5.13%/yr vs 4.21%/yr for EMTIX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. ICLAX charges 0.47%/yr vs 0.85%/yr for EMTIX.
Performance
ICLAX vs. EMTIX - Performance Comparison
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Returns By Period
In the year-to-date period, ICLAX achieves a 2.80% return, which is significantly lower than EMTIX's 4.59% return. Over the past 10 years, ICLAX has outperformed EMTIX with an annualized return of 5.13%, while EMTIX has yielded a comparatively lower 4.21% annualized return.
ICLAX
- 1D
- 0.86%
- 1M
- -0.60%
- 6M
- 1.47%
- YTD
- 2.80%
- 1Y
- 8.16%
- 3Y*
- 8.61%
- 5Y*
- 3.03%
- 10Y*
- 5.13%
- ALL TIME*
- 5.23%
EMTIX
- 1D
- 0.10%
- 1M
- -0.60%
- 6M
- 2.28%
- YTD
- 4.59%
- 1Y
- 11.91%
- 3Y*
- 9.11%
- 5Y*
- 3.60%
- 10Y*
- 4.21%
- ALL TIME*
- 4.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ICLAX vs. EMTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICLAX Transamerica Asset Allocation Conservative Portfolio | 2.80% | 12.18% | 7.30% | 10.23% | -15.19% | 5.43% | 13.16% | 12.33% | -4.36% | 11.12% |
EMTIX Transamerica Emerging Markets Debt Fund | 4.59% | 14.58% | 4.69% | 13.05% | -13.33% | -4.00% | 7.14% | 13.48% | -6.71% | 12.68% |
Correlation
The correlation between ICLAX and EMTIX is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2011 | 0.58 |
The correlation between ICLAX and EMTIX shifts across timeframes, from 0.58 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ICLAX vs. EMTIX — Risk / Return Rank
ICLAX
EMTIX
ICLAX vs. EMTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica Asset Allocation Conservative Portfolio (ICLAX) and Transamerica Emerging Markets Debt Fund (EMTIX). 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.
| ICLAX | EMTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.49 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.57 | -1.15 |
| Martin ratioReturn relative to average drawdown | 6.15 | 10.59 | -4.44 |
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Drawdowns
ICLAX vs. EMTIX - Drawdown Comparison
The maximum ICLAX drawdown since its inception was -30.99%, which is greater than EMTIX's maximum drawdown of -25.28%. Use the drawdown chart below to compare losses from any high point for ICLAX and EMTIX.
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Drawdown Indicators
| ICLAX | EMTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -25.28% | -5.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.63% | -4.69% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | -5.30% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -25.28% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -20.78% | -25.28% | +4.50% |
Current DrawdownCurrent decline from peak | -1.02% | -1.27% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -4.85% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.14% | +0.16% |
Volatility
ICLAX vs. EMTIX - Volatility Comparison
Transamerica Asset Allocation Conservative Portfolio (ICLAX) has a higher volatility of 1.87% compared to Transamerica Emerging Markets Debt Fund (EMTIX) at 1.21%. This indicates that ICLAX's price experiences larger fluctuations and is considered to be riskier than EMTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICLAX | EMTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.21% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 5.48% | 4.40% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.61% | 5.04% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 5.80% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.23% | 6.52% | +0.71% |
ICLAX vs. EMTIX - Expense Ratio Comparison
ICLAX has a 0.47% expense ratio, which is lower than EMTIX's 0.85% expense ratio.
Dividends
ICLAX vs. EMTIX - Dividend Comparison
ICLAX's dividend yield for the trailing twelve months is around 2.92%, less than EMTIX's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMTIX Transamerica Emerging Markets Debt Fund | 5.90% | 5.77% | 6.98% | 5.11% | 4.16% | 4.03% | 2.02% | 4.80% | 3.27% | 5.10% | 3.48% | 4.30% |
ICLAX Transamerica Asset Allocation Conservative Portfolio | 2.92% | 3.27% | 2.80% | 2.50% | 1.79% | 7.84% | 4.16% | 4.06% | 7.97% | 7.69% | 4.61% | 5.90% |
Frequently Asked Questions
ICLAX and EMTIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICLAX has higher volatility (1.87%) compared to EMTIX (1.21%). In terms of maximum drawdown, ICLAX dropped -30.99% vs EMTIX's -25.28%.
EMTIX currently has the higher Sharpe Ratio (2.40 vs 1.21), 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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