THYIX vs. TFLIX

Last updated Jun 3, 2026

THYIX (Transamerica High Yield Muni) and TFLIX (Transamerica Floating Rate Fund) are both mutual funds - THYIX is a High Yield Muni fund managed by Transamerica, while TFLIX is a Bank Loan fund managed by Transamerica. Over the past 10 years, THYIX returned 2.38%/yr vs 4.02%/yr for TFLIX. At a 0.18 correlation, their price movements are largely independent. THYIX charges 0.76%/yr vs 0.80%/yr for TFLIX.

Performance

THYIX vs. TFLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica High Yield Muni (THYIX) and Transamerica Floating Rate Fund (TFLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THYIX achieves a 2.27% return, which is significantly higher than TFLIX's 1.63% return. Over the past 10 years, THYIX has underperformed TFLIX with an annualized return of 2.38%, while TFLIX has yielded a comparatively higher 4.02% annualized return.

THYIX

• 1D: -0.10%
• 1M: 0.52%
• YTD: 2.27%
• 6M: 2.86%
• 1Y: 6.99%
• 3Y*: 5.61%
• 5Y*: 0.19%
• 10Y*: 2.38%

TFLIX

• 1D: 0.12%
• 1M: 0.77%
• YTD: 1.63%
• 6M: 2.06%
• 1Y: 5.06%
• 3Y*: 6.93%
• 5Y*: 4.33%
• 10Y*: 4.02%

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

THYIX vs. TFLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THYIX Transamerica High Yield Muni	2.27%	3.17%	6.05%	8.24%	-18.68%	7.94%	3.15%	9.62%	0.66%	9.67%
TFLIX Transamerica Floating Rate Fund	1.63%	5.34%	8.07%	8.15%	-2.55%	3.88%	1.18%	7.09%	0.30%	3.72%

Correlation

The correlation between THYIX and TFLIX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.18

The correlation between THYIX and TFLIX shifts across timeframes, from 0.18 (all time) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

THYIX vs. TFLIX — Risk / Return Rank

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

THYIX

THYIX Risk / Return Rank: 56
THYIX Sharpe Ratio Rank: 52
THYIX Sortino Ratio Rank: 66
THYIX Omega Ratio Rank: 76
THYIX Calmar Ratio Rank: 45
THYIX Martin Ratio Rank: 40

TFLIX

TFLIX Risk / Return Rank: 84
TFLIX Sharpe Ratio Rank: 48
TFLIX Sortino Ratio Rank: 94
TFLIX Omega Ratio Rank: 95
TFLIX Calmar Ratio Rank: 96
TFLIX Martin Ratio Rank: 91

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.

THYIX vs. TFLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica High Yield Muni (THYIX) and Transamerica Floating Rate Fund (TFLIX). 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.

	THYIX	TFLIX	Difference
Sharpe ratio Return per unit of total volatility	2.12	2.04	+0.08
Sortino ratio Return per unit of downside risk	3.39	4.84	-1.45
Omega ratio Gain probability vs. loss probability	1.49	1.76	-0.27
Calmar ratio Return relative to maximum drawdown	2.58	6.16	-3.58
Martin ratio Return relative to average drawdown	8.71	18.54	-9.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THYIX vs. TFLIX - Sharpe Ratio Comparison

The current THYIX Sharpe Ratio is 2.12, which is comparable to the TFLIX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of THYIX and TFLIX, 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

	THYIX	TFLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	2.04	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	1.61	-1.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	1.21	-0.73
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.25	-0.35

Drawdowns

THYIX vs. TFLIX - Drawdown Comparison

The maximum THYIX drawdown since its inception was -23.56%, which is greater than TFLIX's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for THYIX and TFLIX.

Drawdown Indicators

	THYIX	TFLIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.56%	-17.79%	-5.77%
Max Drawdown (1Y) Largest decline over 1 year	-2.74%	-0.93%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	-6.66%	-2.57%	-4.09%
Max Drawdown (5Y) Largest decline over 5 years	-23.56%	-6.26%	-17.30%
Max Drawdown (10Y) Largest decline over 10 years	-23.56%	-17.79%	-5.77%
Current Drawdown Current decline from peak	-1.53%	0.00%	-1.53%
Average Drawdown Average peak-to-trough decline	-4.58%	-0.79%	-3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	0.31%	+0.50%

Volatility

THYIX vs. TFLIX - Volatility Comparison

Transamerica High Yield Muni (THYIX) has a higher volatility of 1.04% compared to Transamerica Floating Rate Fund (TFLIX) at 0.59%. This indicates that THYIX's price experiences larger fluctuations and is considered to be riskier than TFLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THYIX	TFLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	0.59%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	2.29%	1.89%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	3.16%	2.49%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.37%	2.70%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.98%	3.33%	+1.65%

THYIX vs. TFLIX - Expense Ratio Comparison

THYIX has a 0.76% expense ratio, which is lower than TFLIX's 0.80% expense ratio.

Dividends

THYIX vs. TFLIX - Dividend Comparison

THYIX's dividend yield for the trailing twelve months is around 4.37%, less than TFLIX's 7.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TFLIX Transamerica Floating Rate Fund	7.51%	7.86%	7.84%	6.21%	3.58%	3.06%	3.78%	5.20%	4.91%	4.06%	4.42%	3.92%
THYIX Transamerica High Yield Muni	4.37%	4.52%	3.93%	3.18%	2.81%	3.10%	3.64%	3.65%	3.81%	3.10%	4.42%	3.40%

Frequently Asked Questions

Can I hold both THYIX and TFLIX in my portfolio?

THYIX and TFLIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THYIX or TFLIX?

THYIX has higher volatility (1.04%) compared to TFLIX (0.59%). In terms of maximum drawdown, THYIX dropped -23.56% vs TFLIX's -17.79%.

Which has better risk-adjusted returns?

THYIX currently has the higher Sharpe Ratio (2.12 vs 2.04), 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.