TUNIX vs. IALAX
TUNIX (Transamerica Unconstrained Bond) and IALAX (Transamerica Capital Growth Fund) are both mutual funds - TUNIX is a Nontraditional Bonds fund managed by Transamerica, while IALAX is a Large Cap Growth Equities fund managed by Transamerica. Over the past 10 years, TUNIX returned 3.30%/yr vs 13.39%/yr for IALAX. Their 0.26 correlation means their historical movements had little consistent relationship. TUNIX charges 0.80%/yr vs 1.01%/yr for IALAX.
Performance
TUNIX vs. IALAX - Performance Comparison
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Returns By Period
In the year-to-date period, TUNIX achieves a 0.66% return, which is significantly higher than IALAX's -7.53% return. Over the past 10 years, TUNIX has underperformed IALAX with an annualized return of 3.30%, while IALAX has yielded a comparatively higher 13.39% annualized return.
TUNIX
- 1D
- 0.00%
- 1M
- -1.03%
- 6M
- 0.14%
- YTD
- 0.66%
- 1Y
- 3.95%
- 3Y*
- 5.36%
- 5Y*
- 2.09%
- 10Y*
- 3.30%
- ALL TIME*
- 3.21%
IALAX
- 1D
- 2.10%
- 1M
- -6.68%
- 6M
- 1.24%
- YTD
- -7.53%
- 1Y
- -4.59%
- 3Y*
- 18.19%
- 5Y*
- -3.40%
- 10Y*
- 13.39%
- ALL TIME*
- 10.18%
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 |
TUNIX vs. IALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TUNIX Transamerica Unconstrained Bond | 0.66% | 8.00% | 4.68% | 5.41% | -7.40% | 2.00% | 7.25% | 8.44% | -3.36% | 6.12% |
IALAX Transamerica Capital Growth Fund | -7.53% | 20.54% | 43.92% | 47.30% | -60.39% | 0.10% | 111.63% | 21.63% | 6.59% | 43.81% |
Correlation
The correlation between TUNIX and IALAX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.26 |
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Return for Risk
TUNIX vs. IALAX — Risk / Return Rank
TUNIX
IALAX
TUNIX vs. IALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica Unconstrained Bond (TUNIX) and Transamerica Capital Growth Fund (IALAX). 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.
| TUNIX | IALAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.99 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | -0.23 | +2.26 |
| Martin ratioReturn relative to average drawdown | 8.43 | -0.44 | +8.87 |
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Drawdowns
TUNIX vs. IALAX - Drawdown Comparison
The maximum TUNIX drawdown since its inception was -14.31%, smaller than the maximum IALAX drawdown of -69.30%. Use the drawdown chart below to compare losses from any high point for TUNIX and IALAX.
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Drawdown Indicators
| TUNIX | IALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -69.30% | +54.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -29.07% | +26.68% |
Max Drawdown (3Y)Largest decline over 3 years | -2.82% | -32.33% | +29.51% |
Max Drawdown (5Y)Largest decline over 5 years | -14.11% | -69.30% | +55.19% |
Max Drawdown (10Y)Largest decline over 10 years | -14.31% | -69.30% | +54.99% |
Current DrawdownCurrent decline from peak | -1.03% | -24.45% | +23.42% |
Average DrawdownAverage peak-to-trough decline | -3.00% | -14.88% | +11.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 15.30% | -14.73% |
Volatility
TUNIX vs. IALAX - Volatility Comparison
The current volatility for Transamerica Unconstrained Bond (TUNIX) is 0.74%, while Transamerica Capital Growth Fund (IALAX) has a volatility of 7.71%. This indicates that TUNIX experiences smaller price fluctuations and is considered to be less risky than IALAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUNIX | IALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 7.71% | -6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 24.19% | -21.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 30.52% | -27.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 41.96% | -37.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 34.89% | -30.73% |
TUNIX vs. IALAX - Expense Ratio Comparison
TUNIX has a 0.80% expense ratio, which is lower than IALAX's 1.01% expense ratio.
Dividends
TUNIX vs. IALAX - Dividend Comparison
TUNIX's dividend yield for the trailing twelve months is around 6.05%, while IALAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IALAX Transamerica Capital Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 20.49% | 5.37% | 10.49% | 4.92% | 23.22% | 22.63% | 3.34% |
TUNIX Transamerica Unconstrained Bond | 6.05% | 6.17% | 7.06% | 3.61% | 2.26% | 8.72% | 2.95% | 3.84% | 4.15% | 2.55% | 3.79% | 3.44% |
Frequently Asked Questions
TUNIX and IALAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IALAX has higher volatility (7.71%) compared to TUNIX (0.74%). In terms of maximum drawdown, TUNIX dropped -14.31% vs IALAX's -69.30%.
TUNIX currently has the higher Sharpe Ratio (1.50 vs -0.22), 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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