TRDIX vs. IIVAX

Last updated Jun 6, 2026

TRDIX (Transamerica Sustainable Equity Income Fund) and IIVAX (Transamerica Small/Mid Cap Value Fund) are both mutual funds - TRDIX is a Large Cap Value Equities fund managed by Transamerica, while IIVAX is a Mid Cap Value Equities fund managed by Transamerica. Over the past 10 years, TRDIX returned 8.42%/yr vs 9.93%/yr for IIVAX. Their correlation of 0.88 suggests significant overlap in exposure. TRDIX charges 0.74%/yr vs 1.23%/yr for IIVAX.

Performance

TRDIX vs. IIVAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Sustainable Equity Income Fund (TRDIX) and Transamerica Small/Mid Cap Value Fund (IIVAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRDIX achieves a 17.21% return, which is significantly higher than IIVAX's 10.97% return. Over the past 10 years, TRDIX has underperformed IIVAX with an annualized return of 8.42%, while IIVAX has yielded a comparatively higher 9.93% annualized return.

TRDIX

• 1D: 0.70%
• 1M: 4.64%
• YTD: 17.21%
• 6M: 17.14%
• 1Y: 25.66%
• 3Y*: 18.23%
• 5Y*: 8.64%
• 10Y*: 8.42%

IIVAX

• 1D: 0.92%
• 1M: 1.20%
• YTD: 10.97%
• 6M: 11.33%
• 1Y: 24.38%
• 3Y*: 14.05%
• 5Y*: 6.91%
• 10Y*: 9.93%

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

TRDIX vs. IIVAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRDIX Transamerica Sustainable Equity Income Fund	17.21%	11.15%	16.62%	6.17%	-11.25%	22.44%	-7.53%	23.47%	-12.21%	16.22%
IIVAX Transamerica Small/Mid Cap Value Fund	10.97%	9.49%	8.57%	12.02%	-8.35%	27.49%	3.25%	24.62%	-11.87%	15.16%

Correlation

The correlation between TRDIX and IIVAX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.88

The correlation between TRDIX and IIVAX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

TRDIX vs. IIVAX — Risk / Return Rank

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

TRDIX

TRDIX Risk / Return Rank: 52
TRDIX Sharpe Ratio Rank: 56
TRDIX Sortino Ratio Rank: 56
TRDIX Omega Ratio Rank: 52
TRDIX Calmar Ratio Rank: 45
TRDIX Martin Ratio Rank: 51

IIVAX

IIVAX Risk / Return Rank: 45
IIVAX Sharpe Ratio Rank: 41
IIVAX Sortino Ratio Rank: 44
IIVAX Omega Ratio Rank: 38
IIVAX Calmar Ratio Rank: 56
IIVAX Martin Ratio Rank: 47

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.

TRDIX vs. IIVAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Sustainable Equity Income Fund (TRDIX) and Transamerica Small/Mid Cap Value Fund (IIVAX). 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.

	TRDIX	IIVAX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.80	+0.34
Sortino ratio: Return per unit of downside risk	3.07	2.67	+0.39
Omega ratio: Gain probability vs. loss probability	1.38	1.32	+0.07
Calmar ratio: Return relative to maximum drawdown	2.46	2.76	-0.31
Martin ratio: Return relative to average drawdown	10.19	9.54	+0.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRDIX vs. IIVAX - Sharpe Ratio Comparison

The current TRDIX Sharpe Ratio is 2.14, which is comparable to the IIVAX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of TRDIX and IIVAX, 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

	TRDIX	IIVAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	1.80	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.37	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.49	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.49	-0.10

Drawdowns

TRDIX vs. IIVAX - Drawdown Comparison

The maximum TRDIX drawdown since its inception was -47.02%, smaller than the maximum IIVAX drawdown of -57.38%. Use the drawdown chart below to compare losses from any high point for TRDIX and IIVAX.

Drawdown Indicators

	TRDIX	IIVAX	Difference
Max Drawdown Largest peak-to-trough decline	-47.02%	-57.38%	+10.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-8.87%	-1.63%
Max Drawdown (3Y) Largest decline over 3 years	-15.15%	-19.76%	+4.61%
Max Drawdown (5Y) Largest decline over 5 years	-31.35%	-23.12%	-8.23%
Max Drawdown (10Y) Largest decline over 10 years	-47.02%	-44.13%	-2.89%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.96%	-8.33%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.56%	-0.04%

Volatility

TRDIX vs. IIVAX - Volatility Comparison

Transamerica Sustainable Equity Income Fund (TRDIX) has a higher volatility of 3.63% compared to Transamerica Small/Mid Cap Value Fund (IIVAX) at 3.15%. This indicates that TRDIX's price experiences larger fluctuations and is considered to be riskier than IIVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRDIX	IIVAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	3.15%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	8.99%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	13.61%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.91%	18.59%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	20.47%	-0.70%

TRDIX vs. IIVAX - Expense Ratio Comparison

TRDIX has a 0.74% expense ratio, which is lower than IIVAX's 1.23% expense ratio.

Dividends

TRDIX vs. IIVAX - Dividend Comparison

TRDIX's dividend yield for the trailing twelve months is around 1.23%, less than IIVAX's 9.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IIVAX Transamerica Small/Mid Cap Value Fund	9.54%	10.58%	12.75%	4.83%	9.72%	10.94%	0.48%	3.17%	12.58%	13.20%	5.91%	9.34%
TRDIX Transamerica Sustainable Equity Income Fund	1.23%	1.47%	8.93%	1.89%	2.13%	17.89%	2.19%	15.03%	20.64%	8.73%	16.84%	19.55%

Frequently Asked Questions

Can I hold both TRDIX and IIVAX in my portfolio?

TRDIX and IIVAX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRDIX or IIVAX?

TRDIX has higher volatility (3.63%) compared to IIVAX (3.15%). In terms of maximum drawdown, TRDIX dropped -47.02% vs IIVAX's -57.38%.

Which has better risk-adjusted returns?

TRDIX currently has the higher Sharpe Ratio (2.14 vs 1.80), 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.