TWQZX vs. IMOAX

Last updated Jun 26, 2026

TWQZX (Transamerica Large Cap Value Fund) and IMOAX (Transamerica Asset Allocation Moderate Portfolio Fund) are both mutual funds - TWQZX is a Large Cap Value Equities fund managed by Transamerica, while IMOAX is a Diversified Portfolio fund managed by Transamerica. Over the past 10 years, TWQZX returned 11.87%/yr vs 6.93%/yr for IMOAX. Their correlation of 0.83 suggests significant overlap in exposure. TWQZX charges 0.61%/yr vs 0.47%/yr for IMOAX.

Performance

TWQZX vs. IMOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Large Cap Value Fund (TWQZX) and Transamerica Asset Allocation Moderate Portfolio Fund (IMOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TWQZX achieves a 8.59% return, which is significantly higher than IMOAX's 4.50% return. Over the past 10 years, TWQZX has outperformed IMOAX with an annualized return of 11.87%, while IMOAX has yielded a comparatively lower 6.93% annualized return.

TWQZX

• 1D: 0.00%
• 1M: -0.69%
• YTD: 8.59%
• 6M: 7.40%
• 1Y: 26.44%
• 3Y*: 20.19%
• 5Y*: 12.54%
• 10Y*: 11.87%

IMOAX

• 1D: 0.31%
• 1M: -0.23%
• YTD: 4.50%
• 6M: 3.88%
• 1Y: 13.15%
• 3Y*: 11.88%
• 5Y*: 4.80%
• 10Y*: 6.93%

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

TWQZX vs. IMOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWQZX Transamerica Large Cap Value Fund	8.59%	23.94%	17.19%	13.20%	-7.13%	31.23%	1.29%	18.09%	-10.40%	12.48%
IMOAX Transamerica Asset Allocation Moderate Portfolio Fund	4.50%	14.86%	9.81%	12.66%	-16.03%	7.92%	14.66%	14.68%	-6.22%	12.45%

Correlation

The correlation between TWQZX and IMOAX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Nov 16, 2010	0.83

The correlation between TWQZX and IMOAX has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

Return for Risk

TWQZX vs. IMOAX — Risk / Return Rank

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

TWQZX

TWQZX Risk / Return Rank: 83
TWQZX Sharpe Ratio Rank: 81
TWQZX Sortino Ratio Rank: 81
TWQZX Omega Ratio Rank: 77
TWQZX Calmar Ratio Rank: 85
TWQZX Martin Ratio Rank: 91

IMOAX

IMOAX Risk / Return Rank: 46
IMOAX Sharpe Ratio Rank: 44
IMOAX Sortino Ratio Rank: 45
IMOAX Omega Ratio Rank: 44
IMOAX Calmar Ratio Rank: 42
IMOAX Martin Ratio Rank: 53

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.

TWQZX vs. IMOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Large Cap Value Fund (TWQZX) and Transamerica Asset Allocation Moderate Portfolio Fund (IMOAX). 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.

	TWQZX	IMOAX	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.62	+0.64
Sortino ratio: Return per unit of downside risk	3.20	2.33	+0.87
Omega ratio: Gain probability vs. loss probability	1.41	1.30	+0.11
Calmar ratio: Return relative to maximum drawdown	3.43	2.12	+1.31
Martin ratio: Return relative to average drawdown	15.23	9.26	+5.97

TWQZX vs. IMOAX - Sharpe Ratio Comparison

The current TWQZX Sharpe Ratio is 2.25, which is higher than the IMOAX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of TWQZX and IMOAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TWQZX vs. IMOAX - Drawdown Comparison

The maximum TWQZX drawdown since its inception was -42.44%, which is greater than IMOAX's maximum drawdown of -37.71%. Use the drawdown chart below to compare losses from any high point for TWQZX and IMOAX.

Drawdown Indicators

	TWQZX	IMOAX	Difference
Max Drawdown Largest peak-to-trough decline	-42.44%	-37.71%	-4.73%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-6.18%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	-15.22%	-9.37%	-5.85%
Max Drawdown (5Y) Largest decline over 5 years	-18.69%	-22.51%	+3.82%
Max Drawdown (10Y) Largest decline over 10 years	-42.44%	-22.51%	-19.93%
Current Drawdown Current decline from peak	-1.43%	-1.07%	-0.36%
Average Drawdown Average peak-to-trough decline	-4.39%	-4.90%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	1.41%	+0.30%

Volatility

TWQZX vs. IMOAX - Volatility Comparison

Transamerica Large Cap Value Fund (TWQZX) has a higher volatility of 3.95% compared to Transamerica Asset Allocation Moderate Portfolio Fund (IMOAX) at 3.15%. This indicates that TWQZX's price experiences larger fluctuations and is considered to be riskier than IMOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWQZX	IMOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.15%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	9.02%	6.71%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	11.63%	8.15%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	9.26%	+6.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	8.97%	+9.24%

TWQZX vs. IMOAX - Expense Ratio Comparison

TWQZX has a 0.61% expense ratio, which is higher than IMOAX's 0.47% expense ratio.

Dividends

TWQZX vs. IMOAX - Dividend Comparison

TWQZX's dividend yield for the trailing twelve months is around 3.41%, less than IMOAX's 6.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMOAX Transamerica Asset Allocation Moderate Portfolio Fund	6.04%	6.31%	4.98%	3.65%	1.55%	8.17%	4.08%	5.74%	10.16%	7.86%	5.53%	6.74%
TWQZX Transamerica Large Cap Value Fund	3.41%	4.01%	3.06%	8.74%	7.07%	2.41%	1.97%	4.88%	13.02%	13.17%	9.91%	13.44%

Frequently Asked Questions

Can I hold both TWQZX and IMOAX in my portfolio?

TWQZX and IMOAX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TWQZX or IMOAX?

TWQZX has higher volatility (3.95%) compared to IMOAX (3.15%). In terms of maximum drawdown, TWQZX dropped -42.44% vs IMOAX's -37.71%.

Which has better risk-adjusted returns?

TWQZX currently has the higher Sharpe Ratio (2.25 vs 1.62), 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.