IMLAX vs. TSWIX

Last updated Jun 3, 2026

IMLAX (Transamerica Asset Allocation Moderate Growth Portfolio Fund) and TSWIX (Transamerica International Equity) are both mutual funds - IMLAX is a Diversified Portfolio fund managed by Transamerica, while TSWIX is a Foreign Large Cap Equities fund managed by Transamerica. Over the past 10 years, IMLAX returned 8.79%/yr vs 8.84%/yr for TSWIX. A 0.77 correlation means they provide meaningful diversification when combined. IMLAX charges 0.47%/yr vs 0.84%/yr for TSWIX.

Performance

IMLAX vs. TSWIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Asset Allocation Moderate Growth Portfolio Fund (IMLAX) and Transamerica International Equity (TSWIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMLAX achieves a 7.44% return, which is significantly lower than TSWIX's 11.96% return. Both investments have delivered pretty close results over the past 10 years, with IMLAX having a 8.79% annualized return and TSWIX not far ahead at 8.84%.

IMLAX

• 1D: 0.13%
• 1M: 3.55%
• YTD: 7.44%
• 6M: 8.73%
• 1Y: 20.81%
• 3Y*: 15.74%
• 5Y*: 7.17%
• 10Y*: 8.79%

TSWIX

• 1D: -0.14%
• 1M: 5.12%
• YTD: 11.96%
• 6M: 15.63%
• 1Y: 25.11%
• 3Y*: 17.79%
• 5Y*: 8.84%
• 10Y*: 8.84%

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

IMLAX vs. TSWIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMLAX Transamerica Asset Allocation Moderate Growth Portfolio Fund	7.44%	17.98%	13.11%	15.70%	-17.36%	11.37%	16.92%	17.82%	-8.54%	15.88%
TSWIX Transamerica International Equity	11.96%	32.53%	3.55%	16.09%	-14.05%	13.23%	6.75%	21.14%	-15.95%	22.58%

Correlation

The correlation between IMLAX and TSWIX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Mar 6, 2002	0.77

The correlation between IMLAX and TSWIX has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

Return for Risk

IMLAX vs. TSWIX — Risk / Return Rank

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

IMLAX

IMLAX Risk / Return Rank: 54
IMLAX Sharpe Ratio Rank: 53
IMLAX Sortino Ratio Rank: 52
IMLAX Omega Ratio Rank: 52
IMLAX Calmar Ratio Rank: 52
IMLAX Martin Ratio Rank: 62

TSWIX

TSWIX Risk / Return Rank: 35
TSWIX Sharpe Ratio Rank: 35
TSWIX Sortino Ratio Rank: 35
TSWIX Omega Ratio Rank: 36
TSWIX Calmar Ratio Rank: 31
TSWIX Martin Ratio Rank: 35

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.

IMLAX vs. TSWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Asset Allocation Moderate Growth Portfolio Fund (IMLAX) and Transamerica International Equity (TSWIX). 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.

	IMLAX	TSWIX	Difference
Sharpe ratio Return per unit of total volatility	2.15	1.73	+0.41
Sortino ratio Return per unit of downside risk	3.04	2.48	+0.56
Omega ratio Gain probability vs. loss probability	1.40	1.32	+0.08
Calmar ratio Return relative to maximum drawdown	2.78	2.13	+0.65
Martin ratio Return relative to average drawdown	12.34	8.01	+4.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMLAX vs. TSWIX - Sharpe Ratio Comparison

The current IMLAX Sharpe Ratio is 2.15, which is comparable to the TSWIX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of IMLAX and TSWIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IMLAX	TSWIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.73	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.54	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.51	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.41	+0.10

Drawdowns

IMLAX vs. TSWIX - Drawdown Comparison

The maximum IMLAX drawdown since its inception was -46.65%, smaller than the maximum TSWIX drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for IMLAX and TSWIX.

Drawdown Indicators

	IMLAX	TSWIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.65%	-58.76%	+12.11%
Max Drawdown (1Y) Largest decline over 1 year	-7.62%	-12.07%	+4.45%
Max Drawdown (3Y) Largest decline over 3 years	-12.99%	-16.33%	+3.34%
Max Drawdown (5Y) Largest decline over 5 years	-25.32%	-30.25%	+4.93%
Max Drawdown (10Y) Largest decline over 10 years	-27.36%	-39.58%	+12.22%
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-6.71%	-13.83%	+7.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	3.21%	-1.49%

Volatility

IMLAX vs. TSWIX - Volatility Comparison

The current volatility for Transamerica Asset Allocation Moderate Growth Portfolio Fund (IMLAX) is 2.76%, while Transamerica International Equity (TSWIX) has a volatility of 4.17%. This indicates that IMLAX experiences smaller price fluctuations and is considered to be less risky than TSWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMLAX	TSWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	4.17%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	7.88%	11.99%	-4.11%
Volatility (1Y) Calculated over the trailing 1-year period	9.92%	15.05%	-5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.98%	16.53%	-4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.16%	17.38%	-5.22%

IMLAX vs. TSWIX - Expense Ratio Comparison

IMLAX has a 0.47% expense ratio, which is lower than TSWIX's 0.84% expense ratio.

Dividends

IMLAX vs. TSWIX - Dividend Comparison

IMLAX's dividend yield for the trailing twelve months is around 6.43%, less than TSWIX's 6.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMLAX Transamerica Asset Allocation Moderate Growth Portfolio Fund	6.43%	6.90%	6.44%	3.39%	3.62%	8.40%	4.06%	7.35%	15.09%	9.95%	6.99%	7.99%
TSWIX Transamerica International Equity	6.86%	7.68%	3.03%	3.16%	1.12%	3.55%	1.22%	2.75%	5.56%	3.08%	1.90%	2.64%

Frequently Asked Questions

Can I hold both IMLAX and TSWIX in my portfolio?

IMLAX and TSWIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMLAX or TSWIX?

TSWIX has higher volatility (4.17%) compared to IMLAX (2.76%). In terms of maximum drawdown, IMLAX dropped -46.65% vs TSWIX's -58.76%.

Which has better risk-adjusted returns?

IMLAX currently has the higher Sharpe Ratio (2.15 vs 1.73), 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.