Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX)

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Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) is up 29.3% since the beginning of the year. IPOAX is currently trading at $27 per share. Investors who bought $1,000 worth of IPOAX shares 5 years ago would now be looking at an investment worth $1,279.

Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) has returned 29.30% so far this year and 48.61% over the past 12 months. Over the last ten years, IPOAX has returned 10.67% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 22, 1993, IPOAX's average daily return is +0.03%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.

Historically, 56% of months were positive and 44% were negative. The best month was Feb 1998 with a return of +22.4%, while the worst month was Oct 1997 at -24.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, IPOAX closed higher 51% of trading days. The best single day was Dec 15, 2022 with a return of +14.6%, while the worst single day was Dec 16, 2022 at -14.9%.

Delaware Ivy Systematic Emerging Markets Equity Fund has an annualized alpha of 1.50%, beta of 0.62, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since October 22, 1993.

• This fund participated in 105.15% of S&P 500 Index downside but only 90.72% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.62 may look defensive, but with R2 of 0.28 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.28 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

IPOAX has a high expense ratio of 1.15%, indicating above-average management fees.

IPOAX ranks 74 for risk / return — better than 74% 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.

Delaware Ivy Systematic Emerging Markets Equity Fund provided a 7.74% dividend yield over the last twelve months, with an annual payout of $2.12 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Delaware Ivy Systematic Emerging Markets Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Delaware Ivy Systematic Emerging Markets Equity 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 Systematic Emerging Markets Equity Fund was 67.11%, occurring on Oct 27, 2008. Recovery took 2191 trading sessions.

The chart below shows the rolling one-month volatility.