- ISIN
- US4658974294
- CUSIP
- 465897429
- Issuer
- Delaware Funds
- Inception Date
- Jan 1, 1997
- Category
- Energy Equities
- Min. Investment
- $750
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
IGNAX Performance Chart
Delaware Ivy Natural Resources Fund (IGNAX) is up 14.7% since the beginning of the year. IGNAX is currently trading at $24 per share. Investors who bought $1,000 worth of IGNAX shares 5 years ago would now be looking at an investment worth $2,045.
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Returns By Period
Delaware Ivy Natural Resources Fund (IGNAX) has returned 14.74% so far this year and 45.02% over the past 12 months. Over the last ten years, IGNAX has returned 7.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Delaware Ivy Natural Resources Fund
- 1D
- 1.16%
- 1M
- 5.69%
- 6M
- 4.01%
- YTD
- 14.74%
- 1Y
- 45.02%
- 3Y*
- 14.95%
- 5Y*
- 15.38%
- 10Y*
- 7.29%
- ALL TIME*
- 5.35%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
IGNAX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1996, IGNAX's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was Oct 2011 with a return of +22.0%, while the worst month was Oct 2008 at -33.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IGNAX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +18.6%, while the worst single day was Mar 11, 2020 at -15.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.32% | 7.72% | -0.08% | 0.90% | -1.46% | -8.41% | 6.12% | 14.74% | |||||
| 2025 | 4.23% | -2.77% | -0.27% | -3.59% | 6.69% | 5.56% | 0.61% | 7.91% | 7.67% | -0.16% | 4.77% | 2.85% | 38.01% |
| 2024 | -7.54% | 0.48% | 10.23% | 1.98% | 4.67% | -5.10% | 2.87% | -2.02% | 1.82% | -2.32% | 4.39% | -8.40% | -0.56% |
| 2023 | 6.92% | -6.30% | -1.07% | -0.19% | -7.70% | 7.24% | 7.20% | -3.96% | -0.87% | -5.16% | 1.33% | 5.44% | 1.26% |
| 2022 | 0.65% | 7.56% | 13.33% | -3.84% | 6.21% | -17.36% | 8.40% | 3.88% | -7.28% | 9.99% | 5.18% | -6.05% | 17.52% |
| 2021 | -0.54% | 7.72% | 3.50% | 3.14% | 4.37% | -1.05% | -2.19% | 0.08% | -0.69% | 8.94% | -4.07% | 5.05% | 26.06% |
Benchmark Metrics
Delaware Ivy Natural Resources Fund has an annualized alpha of -0.22%, beta of 0.91, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since December 31, 1996.
- This fund participated in 107.37% of S&P 500 Index downside but only 95.83% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.47 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -0.22%
- Beta
- 0.91
- R²
- 0.47
- Upside Capture
- 95.83%
- Downside Capture
- 107.37%
Expense Ratio
IGNAX has a high expense ratio of 1.82%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IGNAX ranks 87 for risk / return — above 87% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Delaware Ivy Natural Resources Fund (IGNAX) 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.
| IGNAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.00 | +1.71 |
| Martin ratioReturn relative to average drawdown | 12.15 | 8.49 | +3.66 |
Dividends
Dividend History
Delaware Ivy Natural Resources Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.85 | $0.31 | $0.32 | $0.32 | $0.03 | $0.22 | $0.00 | $0.00 | $0.01 |
Dividend yield | 0.00% | 0.00% | 5.68% | 1.94% | 2.02% | 2.30% | 0.29% | 1.75% | 0.00% | 0.00% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Ivy Natural Resources 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 | $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 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.85 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
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 Ivy Natural Resources 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 Ivy Natural Resources Fund was 77.49%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
The current Delaware Ivy Natural Resources Fund drawdown is 12.28%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-77.49%Mar 2020 | 11y 10mo | — | 18y 2moMay 2008 - now | COVID crash2020 |
-62.58%Aug 1998 | 10mo 28d | 3y 7mo | 4y 5moOct 1997 - Apr 2002 | — |
-32.39%Oct 2002 | 4mo 13d | 1y 1d | 1y 4moMay 2002 - Oct 2003 | Dot-com crash2000–2002 |
-18.53%Jun 2006 | 1mo 4d | 10mo 4d | 11mo 8dMay 2006 - Apr 2007 | — |
-15.93%Jan 2008 | 2mo 17d | 2mo 24d | 5mo 11dNov 2007 - Apr 2008 | Financial crisis2007–2009 |
Drawdown Indicators
| IGNAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.49% | -56.78% | -20.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -9.10% | -2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -22.86% | -18.90% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -24.79% | -25.43% | +0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -57.95% | -33.92% | -24.03% |
Current DrawdownCurrent decline from peak | -12.28% | -1.58% | -10.70% |
Average DrawdownAverage peak-to-trough decline | -35.56% | -10.70% | -24.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.14% | +1.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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