TSHIX vs. IMLAX

Last updated Jun 4, 2026

TSHIX (Transamerica Multi-Asset Income) and IMLAX (Transamerica Asset Allocation Moderate Growth Portfolio Fund) are both Diversified Portfolio funds from Transamerica. Over the past 10 years, TSHIX returned 9.80%/yr vs 8.80%/yr for IMLAX. Their correlation of 0.91 suggests significant overlap in exposure. TSHIX charges 0.72%/yr vs 0.47%/yr for IMLAX.

Performance

TSHIX vs. IMLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Multi-Asset Income (TSHIX) and Transamerica Asset Allocation Moderate Growth Portfolio Fund (IMLAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSHIX achieves a 5.07% return, which is significantly lower than IMLAX's 7.58% return. Over the past 10 years, TSHIX has outperformed IMLAX with an annualized return of 9.80%, while IMLAX has yielded a comparatively lower 8.80% annualized return.

TSHIX

• 1D: 0.24%
• 1M: 2.20%
• YTD: 5.07%
• 6M: 5.13%
• 1Y: 17.90%
• 3Y*: 14.47%
• 5Y*: 8.12%
• 10Y*: 9.80%

IMLAX

• 1D: 0.13%
• 1M: 4.04%
• YTD: 7.58%
• 6M: 8.43%
• 1Y: 20.52%
• 3Y*: 15.79%
• 5Y*: 7.30%
• 10Y*: 8.80%

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

TSHIX vs. IMLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSHIX Transamerica Multi-Asset Income	5.07%	15.45%	14.96%	10.31%	-10.24%	17.88%	11.66%	20.57%	-3.63%	13.72%
IMLAX Transamerica Asset Allocation Moderate Growth Portfolio Fund	7.58%	17.98%	13.11%	15.70%	-17.36%	11.37%	16.92%	17.82%	-8.54%	15.88%

Correlation

The correlation between TSHIX and IMLAX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 7, 2015	0.91

The correlation between TSHIX and IMLAX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

TSHIX vs. IMLAX — Risk / Return Rank

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

TSHIX

TSHIX Risk / Return Rank: 80
TSHIX Sharpe Ratio Rank: 82
TSHIX Sortino Ratio Rank: 82
TSHIX Omega Ratio Rank: 77
TSHIX Calmar Ratio Rank: 76
TSHIX Martin Ratio Rank: 84

IMLAX

IMLAX Risk / Return Rank: 54
IMLAX Sharpe Ratio Rank: 53
IMLAX Sortino Ratio Rank: 52
IMLAX Omega Ratio Rank: 51
IMLAX Calmar Ratio Rank: 53
IMLAX Martin Ratio Rank: 62

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.

TSHIX vs. IMLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Multi-Asset Income (TSHIX) and Transamerica Asset Allocation Moderate Growth Portfolio Fund (IMLAX). 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.

	TSHIX	IMLAX	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.13	+0.54
Sortino ratio: Return per unit of downside risk	3.89	3.02	+0.87
Omega ratio: Gain probability vs. loss probability	1.51	1.39	+0.12
Calmar ratio: Return relative to maximum drawdown	3.46	2.76	+0.70
Martin ratio: Return relative to average drawdown	16.08	12.25	+3.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSHIX vs. IMLAX - Sharpe Ratio Comparison

The current TSHIX Sharpe Ratio is 2.66, which is comparable to the IMLAX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of TSHIX and IMLAX, 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

	TSHIX	IMLAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.13	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.61	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.00	0.73	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.51	+0.42

Drawdowns

TSHIX vs. IMLAX - Drawdown Comparison

The maximum TSHIX drawdown since its inception was -28.07%, smaller than the maximum IMLAX drawdown of -46.65%. Use the drawdown chart below to compare losses from any high point for TSHIX and IMLAX.

Drawdown Indicators

	TSHIX	IMLAX	Difference
Max Drawdown Largest peak-to-trough decline	-28.07%	-46.65%	+18.58%
Max Drawdown (1Y) Largest decline over 1 year	-5.33%	-7.62%	+2.29%
Max Drawdown (3Y) Largest decline over 3 years	-8.57%	-12.99%	+4.42%
Max Drawdown (5Y) Largest decline over 5 years	-16.50%	-25.32%	+8.82%
Max Drawdown (10Y) Largest decline over 10 years	-28.07%	-27.36%	-0.71%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.89%	-6.71%	+3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	1.72%	-0.57%

Volatility

TSHIX vs. IMLAX - Volatility Comparison

The current volatility for Transamerica Multi-Asset Income (TSHIX) is 1.71%, while Transamerica Asset Allocation Moderate Growth Portfolio Fund (IMLAX) has a volatility of 2.76%. This indicates that TSHIX experiences smaller price fluctuations and is considered to be less risky than IMLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSHIX	IMLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	2.76%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	5.20%	7.88%	-2.68%
Volatility (1Y) Calculated over the trailing 1-year period	6.93%	9.90%	-2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.76%	11.98%	-3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.83%	12.16%	-2.33%

TSHIX vs. IMLAX - Expense Ratio Comparison

TSHIX has a 0.72% expense ratio, which is higher than IMLAX's 0.47% expense ratio.

Dividends

TSHIX vs. IMLAX - Dividend Comparison

TSHIX's dividend yield for the trailing twelve months is around 3.29%, less than IMLAX's 6.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMLAX Transamerica Asset Allocation Moderate Growth Portfolio Fund	6.42%	6.90%	6.44%	3.39%	3.62%	8.40%	4.06%	7.35%	15.09%	9.95%	6.99%	7.99%
TSHIX Transamerica Multi-Asset Income	3.29%	3.37%	3.80%	4.16%	4.00%	4.20%	3.55%	3.51%	5.10%	4.11%	3.27%	4.54%

Frequently Asked Questions

Can I hold both TSHIX and IMLAX in my portfolio?

TSHIX and IMLAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSHIX or IMLAX?

IMLAX has higher volatility (2.76%) compared to TSHIX (1.71%). In terms of maximum drawdown, TSHIX dropped -28.07% vs IMLAX's -46.65%.

Which has better risk-adjusted returns?

TSHIX currently has the higher Sharpe Ratio (2.66 vs 2.13), 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.