TADAX vs. IBALX
TADAX (Transamerica US Growth) and IBALX (Transamerica Multi-Managed Balanced Fund) are both mutual funds - TADAX is a Large Cap Growth Equities fund managed by Transamerica, while IBALX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, TADAX returned 16.81%/yr vs 9.63%/yr for IBALX. Their correlation of 0.93 suggests significant overlap in exposure. TADAX charges 1.02%/yr vs 0.96%/yr for IBALX.
Performance
TADAX vs. IBALX - Performance Comparison
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Returns By Period
In the year-to-date period, TADAX achieves a 5.83% return, which is significantly higher than IBALX's 4.93% return. Over the past 10 years, TADAX has outperformed IBALX with an annualized return of 16.81%, while IBALX has yielded a comparatively lower 9.63% annualized return.
TADAX
- 1D
- -1.37%
- 1M
- 0.03%
- YTD
- 5.83%
- 6M
- 4.48%
- 1Y
- 22.15%
- 3Y*
- 21.32%
- 5Y*
- 11.22%
- 10Y*
- 16.81%
IBALX
- 1D
- 0.72%
- 1M
- 0.54%
- YTD
- 4.93%
- 6M
- 4.70%
- 1Y
- 15.77%
- 3Y*
- 13.15%
- 5Y*
- 7.91%
- 10Y*
- 9.63%
TADAX vs. IBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TADAX Transamerica US Growth | 5.83% | 17.09% | 28.81% | 41.45% | -31.60% | 20.65% | 35.85% | 39.41% | -0.52% | 28.71% |
IBALX Transamerica Multi-Managed Balanced Fund | 4.93% | 12.69% | 14.53% | 18.44% | -16.48% | 16.65% | 15.55% | 21.33% | -3.99% | 13.84% |
Correlation
The correlation between TADAX and IBALX is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.93 |
The correlation between TADAX and IBALX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
TADAX vs. IBALX — Risk / Return Rank
TADAX
IBALX
TADAX vs. IBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica US Growth (TADAX) and Transamerica Multi-Managed Balanced Fund (IBALX). 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.
| TADAX | IBALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.58 | -1.14 |
| Martin ratioReturn relative to average drawdown | 4.83 | 11.38 | -6.55 |
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Drawdowns
TADAX vs. IBALX - Drawdown Comparison
The maximum TADAX drawdown since its inception was -39.29%, smaller than the maximum IBALX drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for TADAX and IBALX.
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Drawdown Indicators
| TADAX | IBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.29% | -43.33% | +4.04% |
Max Drawdown (1Y)Largest decline over 1 year | -16.48% | -6.10% | -10.38% |
Max Drawdown (3Y)Largest decline over 3 years | -24.04% | -11.56% | -12.48% |
Max Drawdown (5Y)Largest decline over 5 years | -39.29% | -23.64% | -15.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.29% | -23.64% | -15.65% |
Current DrawdownCurrent decline from peak | -4.14% | -0.79% | -3.35% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -5.94% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 1.38% | +3.52% |
Volatility
TADAX vs. IBALX - Volatility Comparison
Transamerica US Growth (TADAX) has a higher volatility of 7.37% compared to Transamerica Multi-Managed Balanced Fund (IBALX) at 3.22%. This indicates that TADAX's price experiences larger fluctuations and is considered to be riskier than IBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TADAX | IBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 3.22% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.05% | 6.48% | +7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 8.04% | +9.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.32% | 11.52% | +11.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 11.53% | +10.52% |
TADAX vs. IBALX - Expense Ratio Comparison
TADAX has a 1.02% expense ratio, which is higher than IBALX's 0.96% expense ratio.
Dividends
TADAX vs. IBALX - Dividend Comparison
TADAX's dividend yield for the trailing twelve months is around 4.34%, less than IBALX's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBALX Transamerica Multi-Managed Balanced Fund | 5.50% | 6.13% | 7.92% | 4.09% | 3.09% | 6.82% | 4.84% | 4.15% | 8.16% | 3.20% | 1.49% | 3.44% |
TADAX Transamerica US Growth | 4.34% | 4.59% | 16.73% | 3.66% | 4.60% | 13.56% | 9.73% | 8.29% | 12.42% | 10.92% | 2.29% | 2.47% |
Frequently Asked Questions
With a correlation of 0.90, TADAX and IBALX 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.
TADAX has higher volatility (7.37%) compared to IBALX (3.22%). In terms of maximum drawdown, TADAX dropped -39.29% vs IBALX's -43.33%.
IBALX currently has the higher Sharpe Ratio (1.96 vs 1.33), 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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