IMOAX vs. TBLRX

Last updated Jun 4, 2026

IMOAX (Transamerica Asset Allocation Moderate Portfolio Fund) and TBLRX (Transamerica Balanced II) are both Diversified Portfolio funds from Transamerica. Over the past 5 years, IMOAX returned 5.33%/yr vs 8.00%/yr for TBLRX. Their correlation of 0.93 suggests significant overlap in exposure. IMOAX charges 0.47%/yr vs 1.07%/yr for TBLRX.

Performance

IMOAX vs. TBLRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Asset Allocation Moderate Portfolio Fund (IMOAX) and Transamerica Balanced II (TBLRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with IMOAX at 5.63% and TBLRX at 5.63%.

IMOAX

• 1D: 0.15%
• 1M: 3.06%
• YTD: 5.63%
• 6M: 6.11%
• 1Y: 16.27%
• 3Y*: 12.46%
• 5Y*: 5.33%
• 10Y*: 6.86%

TBLRX

• 1D: 0.00%
• 1M: 2.90%
• YTD: 5.63%
• 6M: 5.83%
• 1Y: 17.09%
• 3Y*: 14.10%
• 5Y*: 8.00%
• 10Y*: —

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

IMOAX vs. TBLRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IMOAX Transamerica Asset Allocation Moderate Portfolio Fund	5.63%	14.86%	9.81%	12.66%	-16.03%	7.92%	14.66%	14.68%	-5.51%
TBLRX Transamerica Balanced II	5.63%	12.78%	14.47%	18.18%	-16.46%	16.57%	15.11%	21.34%	-2.23%

Correlation

The correlation between IMOAX and TBLRX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018	0.93

The correlation between IMOAX and TBLRX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

IMOAX vs. TBLRX — Risk / Return Rank

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

IMOAX

IMOAX Risk / Return Rank: 55
IMOAX Sharpe Ratio Rank: 53
IMOAX Sortino Ratio Rank: 55
IMOAX Omega Ratio Rank: 54
IMOAX Calmar Ratio Rank: 50
IMOAX Martin Ratio Rank: 60

TBLRX

TBLRX Risk / Return Rank: 62
TBLRX Sharpe Ratio Rank: 62
TBLRX Sortino Ratio Rank: 62
TBLRX Omega Ratio Rank: 62
TBLRX Calmar Ratio Rank: 56
TBLRX Martin Ratio Rank: 68

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.

IMOAX vs. TBLRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Asset Allocation Moderate Portfolio Fund (IMOAX) and Transamerica Balanced II (TBLRX). 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.

	IMOAX	TBLRX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.32	-0.16
Sortino ratio: Return per unit of downside risk	3.13	3.30	-0.17
Omega ratio: Gain probability vs. loss probability	1.41	1.44	-0.03
Calmar ratio: Return relative to maximum drawdown	2.69	2.87	-0.18
Martin ratio: Return relative to average drawdown	11.98	13.18	-1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMOAX vs. TBLRX - Sharpe Ratio Comparison

The current IMOAX Sharpe Ratio is 2.16, which is comparable to the TBLRX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of IMOAX and TBLRX, 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

	IMOAX	TBLRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.32	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.57	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.70	-0.09

Drawdowns

IMOAX vs. TBLRX - Drawdown Comparison

The maximum IMOAX drawdown since its inception was -37.71%, which is greater than TBLRX's maximum drawdown of -25.35%. Use the drawdown chart below to compare losses from any high point for IMOAX and TBLRX.

Drawdown Indicators

	IMOAX	TBLRX	Difference
Max Drawdown Largest peak-to-trough decline	-37.71%	-25.35%	-12.36%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-6.11%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-9.37%	-19.88%	+10.51%
Max Drawdown (5Y) Largest decline over 5 years	-22.51%	-25.35%	+2.84%
Max Drawdown (10Y) Largest decline over 10 years	-22.51%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.91%	-6.07%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	1.33%	+0.06%

Volatility

IMOAX vs. TBLRX - Volatility Comparison

Transamerica Asset Allocation Moderate Portfolio Fund (IMOAX) has a higher volatility of 2.37% compared to Transamerica Balanced II (TBLRX) at 2.15%. This indicates that IMOAX's price experiences larger fluctuations and is considered to be riskier than TBLRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMOAX	TBLRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	2.15%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	6.20%	5.85%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	7.70%	7.58%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.18%	14.13%	-4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.96%	13.92%	-4.96%

IMOAX vs. TBLRX - Expense Ratio Comparison

IMOAX has a 0.47% expense ratio, which is lower than TBLRX's 1.07% expense ratio.

Dividends

IMOAX vs. TBLRX - Dividend Comparison

IMOAX's dividend yield for the trailing twelve months is around 5.97%, less than TBLRX's 29.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMOAX Transamerica Asset Allocation Moderate Portfolio Fund	5.97%	6.31%	4.98%	3.65%	1.55%	8.17%	4.08%	5.74%	10.16%	7.86%	5.53%	6.74%
TBLRX Transamerica Balanced II	29.15%	30.86%	14.76%	3.31%	5.67%	9.15%	4.58%	3.60%	4.51%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IMOAX and TBLRX in my portfolio?

With a correlation of 0.95, IMOAX and TBLRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IMOAX or TBLRX?

IMOAX has higher volatility (2.37%) compared to TBLRX (2.15%). In terms of maximum drawdown, IMOAX dropped -37.71% vs TBLRX's -25.35%.

Which has better risk-adjusted returns?

TBLRX currently has the higher Sharpe Ratio (2.32 vs 2.16), 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.