- ISIN
- US2460971094
- CUSIP
- 246097109
- Issuer
- Delaware Funds
- Inception Date
- Jun 24, 1987
- Category
- Small Cap Value Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
DEVLX Performance Chart
Delaware Small Cap Value Fund (DEVLX) is up 19.4% since the beginning of the year. DEVLX is currently trading at $73 per share. Investors who bought $1,000 worth of DEVLX shares 5 years ago would now be looking at an investment worth $1,522.
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Returns By Period
Delaware Small Cap Value Fund (DEVLX) has returned 19.44% so far this year and 32.67% over the past 12 months. Over the last ten years, DEVLX has returned 9.87% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Delaware Small Cap Value Fund
- 1D
- 1.46%
- 1M
- 4.06%
- YTD
- 19.44%
- 6M
- 17.08%
- 1Y
- 32.67%
- 3Y*
- 15.69%
- 5Y*
- 8.77%
- 10Y*
- 9.87%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DEVLX Monthly Returns History
Based on dividend-adjusted daily data since Jun 24, 1987, DEVLX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +17.3%, while the worst month was Oct 1987 at -25.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DEVLX closed higher 53% of trading days. The best single day was Dec 23, 1987 with a return of +13.6%, while the worst single day was Oct 30, 1987 at -25.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.35% | 3.63% | -4.25% | 9.40% | -0.64% | 4.12% | 19.44% | ||||||
| 2025 | 4.35% | -4.54% | -4.93% | -3.69% | 5.31% | 3.72% | 0.69% | 5.20% | -0.85% | -1.11% | 3.48% | 0.56% | 7.66% |
| 2024 | -2.69% | 3.17% | 5.68% | -5.17% | 5.07% | -2.44% | 9.24% | -1.24% | 0.10% | -0.66% | 9.47% | -8.46% | 10.87% |
| 2023 | 8.81% | -2.02% | -7.85% | -2.70% | -2.71% | 9.59% | 5.71% | -4.07% | -5.28% | -5.18% | 7.04% | 9.92% | 9.22% |
| 2022 | -4.00% | 2.56% | -1.78% | -6.94% | 3.53% | -11.05% | 8.77% | -3.67% | -9.80% | 13.22% | 5.20% | -6.18% | -12.46% |
| 2021 | 1.26% | 12.01% | 5.71% | 4.31% | 2.27% | -3.06% | -1.58% | 1.91% | -1.78% | 4.36% | -0.91% | 5.96% | 33.85% |
Benchmark Metrics
Delaware Small Cap Value Fund has an annualized alpha of 3.82%, beta of 0.86, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since June 24, 1987.
- This fund captured 102.62% of S&P 500 Index gains but only 92.57% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 3.82% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.86 and R2 of 0.62, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.82%
- Beta
- 0.86
- R²
- 0.62
- Upside Capture
- 102.62%
- Downside Capture
- 92.57%
Expense Ratio
DEVLX has a high expense ratio of 1.11%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DEVLX ranks 61 for risk / return — better than 61% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Delaware Small Cap Value Fund (DEVLX) and compare them to S&P 500 Index.
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.
| DEVLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 2.78 | +0.71 |
| Martin ratioReturn relative to average drawdown | 12.01 | 12.44 | -0.43 |
Dividends
Dividend History
Delaware Small Cap Value Fund provided a 11.52% dividend yield over the last twelve months, with an annual payout of $8.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $8.41 | $8.41 | $8.16 | $4.91 | $2.81 | $3.39 | $0.82 | $2.62 | $4.38 | $0.88 | $0.31 | $3.22 |
Dividend yield | 11.52% | 13.76% | 12.67% | 7.54% | 4.37% | 4.43% | 1.37% | 4.29% | 8.80% | 1.34% | 0.52% | 7.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Small Cap Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.41 | $8.41 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.16 | $8.16 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.91 | $4.91 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.81 | $2.81 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.39 | $3.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Delaware Small Cap Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Delaware Small Cap Value Fund was 60.08%, occurring on Mar 9, 2009. Recovery took 452 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.08%Mar 2009 | 1y 9mo | 1y 9mo | 3y 6moJun 2007 - Dec 2010 |
COVID crash2020 | -46.48%Mar 2020 | 2mo 6d | 9mo 19d | 11mo 25dJan 2020 - Jan 2021 |
1998 bear market1998 | -32.61%Oct 1998 | 5mo 18d | 2y 4mo | 2y 9moApr 1998 - Feb 2001 |
Dot-com crash2000–2002 | -30.18%Oct 2002 | 5mo 6d | 10mo 24d | 1y 3moMay 2002 - Aug 2003 |
Black Monday1987 | -29.06%Nov 1987 | 1mo 1d | 1y 1mo | 1y 2moOct 1987 - Dec 1988 |
Drawdown Indicators
| DEVLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.08% | -56.78% | -3.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -9.10% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -24.80% | -18.90% | -5.90% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -25.43% | +0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -46.48% | -33.92% | -12.56% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -10.71% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.03% | +0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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