IMOAX vs. TLOFX

Last updated Jun 4, 2026

IMOAX (Transamerica Asset Allocation Moderate Portfolio Fund) and TLOFX (Transamerica Large Value Opportunities) are both mutual funds - IMOAX is a Diversified Portfolio fund managed by Transamerica, while TLOFX is a Large Cap Value Equities fund managed by Transamerica. Over the past 5 years, IMOAX returned 5.33%/yr vs 9.58%/yr for TLOFX. A 0.79 correlation means they provide meaningful diversification when combined. IMOAX charges 0.47%/yr vs 0.75%/yr for TLOFX.

Performance

IMOAX vs. TLOFX - Performance Comparison

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

Returns By Period

In the year-to-date period, IMOAX achieves a 5.63% return, which is significantly lower than TLOFX's 7.78% return.

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%

TLOFX

• 1D: 0.21%
• 1M: 3.26%
• YTD: 7.78%
• 6M: 8.75%
• 1Y: 15.69%
• 3Y*: 15.43%
• 5Y*: 9.58%
• 10Y*: —

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

IMOAX vs. TLOFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMOAX Transamerica Asset Allocation Moderate Portfolio Fund	5.63%	14.86%	9.81%	12.66%	-16.03%	7.92%	14.66%	14.68%	-6.22%	8.88%
TLOFX Transamerica Large Value Opportunities	7.78%	9.67%	18.60%	7.98%	-3.84%	28.85%	-1.14%	23.15%	-9.05%	14.24%

Correlation

The correlation between IMOAX and TLOFX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Mar 23, 2017	0.79

The correlation between IMOAX and TLOFX has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

Return for Risk

IMOAX vs. TLOFX — 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

TLOFX

TLOFX Risk / Return Rank: 31
TLOFX Sharpe Ratio Rank: 31
TLOFX Sortino Ratio Rank: 32
TLOFX Omega Ratio Rank: 29
TLOFX Calmar Ratio Rank: 29
TLOFX Martin Ratio Rank: 37

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. TLOFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Asset Allocation Moderate Portfolio Fund (IMOAX) and Transamerica Large Value Opportunities (TLOFX). 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	TLOFX	Difference
Sharpe ratio Return per unit of total volatility	2.16	1.60	+0.56
Sortino ratio Return per unit of downside risk	3.13	2.34	+0.79
Omega ratio Gain probability vs. loss probability	1.41	1.28	+0.12
Calmar ratio Return relative to maximum drawdown	2.69	2.00	+0.69
Martin ratio Return relative to average drawdown	11.98	8.16	+3.81
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. TLOFX - Sharpe Ratio Comparison

The current IMOAX Sharpe Ratio is 2.16, which is higher than the TLOFX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of IMOAX and TLOFX, 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	TLOFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	1.60	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.57	+0.02
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	0.53	+0.08

Drawdowns

IMOAX vs. TLOFX - Drawdown Comparison

The maximum IMOAX drawdown since its inception was -37.71%, roughly equal to the maximum TLOFX drawdown of -37.99%. Use the drawdown chart below to compare losses from any high point for IMOAX and TLOFX.

Drawdown Indicators

	IMOAX	TLOFX	Difference
Max Drawdown Largest peak-to-trough decline	-37.71%	-37.99%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-8.18%	+2.00%
Max Drawdown (3Y) Largest decline over 3 years	-9.37%	-15.28%	+5.91%
Max Drawdown (5Y) Largest decline over 5 years	-22.51%	-24.34%	+1.83%
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%	-6.31%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	2.00%	-0.61%

Volatility

IMOAX vs. TLOFX - Volatility Comparison

Transamerica Asset Allocation Moderate Portfolio Fund (IMOAX) has a higher volatility of 2.37% compared to Transamerica Large Value Opportunities (TLOFX) at 2.20%. This indicates that IMOAX's price experiences larger fluctuations and is considered to be riskier than TLOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMOAX	TLOFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	2.20%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	6.20%	7.58%	-1.38%
Volatility (1Y) Calculated over the trailing 1-year period	7.70%	10.25%	-2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.18%	16.94%	-7.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.96%	18.71%	-9.75%

IMOAX vs. TLOFX - Expense Ratio Comparison

IMOAX has a 0.47% expense ratio, which is lower than TLOFX's 0.75% expense ratio.

Dividends

IMOAX vs. TLOFX - Dividend Comparison

IMOAX's dividend yield for the trailing twelve months is around 5.97%, less than TLOFX's 13.89% 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%
TLOFX Transamerica Large Value Opportunities	13.89%	15.11%	23.72%	1.73%	8.52%	17.26%	2.02%	2.52%	23.00%	3.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IMOAX and TLOFX in my portfolio?

IMOAX and TLOFX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMOAX or TLOFX?

IMOAX has higher volatility (2.37%) compared to TLOFX (2.20%). In terms of maximum drawdown, IMOAX dropped -37.71% vs TLOFX's -37.99%.

Which has better risk-adjusted returns?

IMOAX currently has the higher Sharpe Ratio (2.16 vs 1.60), 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.