ITIOX vs. DFAAX
ITIOX (Transamerica Inflation Opportunities Fund) and DFAAX (DFA Global Core Plus Real Return Portfolio) are both Inflation-Protected Bonds funds. Over the past 5 years, ITIOX returned 0.68%/yr vs 4.30%/yr for DFAAX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. ITIOX charges 0.65%/yr vs 0.29%/yr for DFAAX.
Performance
ITIOX vs. DFAAX - Performance Comparison
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Returns By Period
In the year-to-date period, ITIOX achieves a 0.12% return, which is significantly lower than DFAAX's 2.04% return.
ITIOX
- 1D
- 0.05%
- 1M
- -0.56%
- 6M
- -0.28%
- YTD
- 0.12%
- 1Y
- 1.51%
- 3Y*
- 3.76%
- 5Y*
- 0.68%
- 10Y*
- 2.49%
- ALL TIME*
- 2.29%
DFAAX
- 1D
- 0.10%
- 1M
- -0.62%
- 6M
- 0.68%
- YTD
- 2.04%
- 1Y
- 3.38%
- 3Y*
- 5.35%
- 5Y*
- 4.30%
- 10Y*
- —
- ALL TIME*
- 4.83%
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 |
ITIOX vs. DFAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ITIOX Transamerica Inflation Opportunities Fund | 0.12% | 6.10% | 2.13% | 5.96% | -10.81% | 4.04% |
DFAAX DFA Global Core Plus Real Return Portfolio | 2.04% | 5.18% | 4.41% | 9.49% | -13.40% | 20.47% |
Correlation
The correlation between ITIOX and DFAAX 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. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.77 |
The correlation between ITIOX and DFAAX has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
ITIOX vs. DFAAX — Risk / Return Rank
ITIOX
DFAAX
ITIOX vs. DFAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica Inflation Opportunities Fund (ITIOX) and DFA Global Core Plus Real Return Portfolio (DFAAX). 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.
| ITIOX | DFAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.25 | -0.18 |
| Martin ratioReturn relative to average drawdown | 2.84 | 4.28 | -1.43 |
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Drawdowns
ITIOX vs. DFAAX - Drawdown Comparison
The maximum ITIOX drawdown since its inception was -13.98%, smaller than the maximum DFAAX drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for ITIOX and DFAAX.
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Drawdown Indicators
| ITIOX | DFAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.98% | -16.64% | +2.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -2.55% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -3.13% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -13.98% | -16.64% | +2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -13.98% | — | — |
Current DrawdownCurrent decline from peak | -1.36% | -1.00% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -4.43% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.74% | -0.06% |
Volatility
ITIOX vs. DFAAX - Volatility Comparison
The current volatility for Transamerica Inflation Opportunities Fund (ITIOX) is 0.62%, while DFA Global Core Plus Real Return Portfolio (DFAAX) has a volatility of 0.69%. This indicates that ITIOX experiences smaller price fluctuations and is considered to be less risky than DFAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITIOX | DFAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.69% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 2.32% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 2.98% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 8.36% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 8.21% | -3.76% |
ITIOX vs. DFAAX - Expense Ratio Comparison
ITIOX has a 0.65% expense ratio, which is higher than DFAAX's 0.29% expense ratio.
Dividends
ITIOX vs. DFAAX - Dividend Comparison
ITIOX's dividend yield for the trailing twelve months is around 2.87%, less than DFAAX's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DFAAX DFA Global Core Plus Real Return Portfolio | 4.60% | 2.90% | 4.09% | 3.96% | 2.06% | 13.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITIOX Transamerica Inflation Opportunities Fund | 2.87% | 3.98% | 2.66% | 3.12% | 5.85% | 3.60% | 1.17% | 1.29% | 2.72% | 1.56% | 0.34% |
Frequently Asked Questions
ITIOX and DFAAX 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.
DFAAX has higher volatility (0.69%) compared to ITIOX (0.62%). In terms of maximum drawdown, ITIOX dropped -13.98% vs DFAAX's -16.64%.
DFAAX currently has the higher Sharpe Ratio (1.07 vs 0.68), 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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