- ISIN
- US4658984764
- CUSIP
- 465898476
- Issuer
- Delaware Funds
- Inception Date
- Feb 25, 1999
- Category
- REIT
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
Share Price Chart
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Performance
IRSAX Performance Chart
Delaware Ivy Securian Real Estate Securities Fund (IRSAX) is up 11.9% since the beginning of the year. IRSAX is currently trading at $14 per share. Investors who bought $1,000 worth of IRSAX shares 5 years ago would now be looking at an investment worth $1,420.
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Returns By Period
Delaware Ivy Securian Real Estate Securities Fund (IRSAX) has returned 11.86% so far this year and 17.88% over the past 12 months. Over the last ten years, IRSAX has returned 7.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Delaware Ivy Securian Real Estate Securities Fund
- 1D
- 0.35%
- 1M
- -1.11%
- YTD
- 11.86%
- 6M
- 11.88%
- 1Y
- 17.88%
- 3Y*
- 16.90%
- 5Y*
- 7.27%
- 10Y*
- 7.55%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
IRSAX Monthly Returns History
Based on dividend-adjusted daily data since Feb 25, 1999, IRSAX's average daily return is +0.05%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +27.0%, while the worst month was Oct 2008 at -29.4%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IRSAX closed higher 52% of trading days. The best single day was Dec 15, 2022 with a return of +32.1%, while the worst single day was Dec 16, 2022 at -27.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.80% | 8.44% | -6.14% | 10.08% | -0.34% | -1.59% | 11.86% | ||||||
| 2025 | 0.87% | 3.86% | -3.86% | -1.01% | 2.57% | -0.26% | 0.00% | 4.49% | 0.43% | -0.19% | 1.86% | -1.43% | 7.28% |
| 2024 | -3.54% | 2.25% | 0.89% | -7.18% | 3.90% | 1.63% | 5.54% | 5.93% | 3.46% | -1.93% | 4.45% | 6.95% | 23.62% |
| 2023 | 10.22% | -4.61% | -2.56% | 0.91% | -3.62% | 4.78% | 2.29% | -2.94% | -6.63% | -3.46% | 10.15% | 6.43% | 9.53% |
| 2022 | -6.97% | -2.80% | 6.37% | -3.90% | -6.83% | -7.45% | 9.36% | -6.09% | -12.19% | 3.16% | 6.46% | -5.58% | -25.47% |
| 2021 | -0.26% | 4.27% | 4.68% | 8.30% | 1.04% | 3.13% | 5.43% | 1.86% | -5.82% | 7.03% | -1.06% | 9.11% | 43.57% |
Benchmark Metrics
Delaware Ivy Securian Real Estate Securities Fund has an annualized alpha of 4.05%, beta of 0.91, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since February 26, 1999.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.88%) than losses (79.25%) - typical of diversified or defensive assets.
- R2 of 0.42 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
- 4.05%
- Beta
- 0.91
- R²
- 0.42
- Upside Capture
- 85.88%
- Downside Capture
- 79.25%
Expense Ratio
IRSAX has a high expense ratio of 1.20%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IRSAX ranks 26 for risk / return — below 26% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Delaware Ivy Securian Real Estate Securities Fund (IRSAX) and compare them to S&P 500 Index.
| IRSAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.41 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.93 | -0.78 |
| Martin ratioReturn relative to average drawdown | 7.99 | 13.52 | -5.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Delaware Ivy Securian Real Estate Securities Fund provided a 22.17% dividend yield over the last twelve months, with an annual payout of $3.16 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.16 | $3.17 | $4.46 | $1.55 | $5.61 | $3.75 | $0.41 | $2.33 | $1.60 | $3.08 | $2.68 | $1.62 |
Dividend yield | 22.17% | 24.77% | 29.95% | 9.61% | 34.76% | 13.03% | 1.81% | 9.69% | 7.51% | 12.71% | 10.34% | 5.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Ivy Securian Real Estate Securities 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 | $0.07 | $0.00 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $2.82 | $3.17 |
| 2024 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $4.00 | $4.46 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $1.23 | $1.55 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $5.44 | $5.61 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $3.71 | $3.75 |
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 Securian Real Estate Securities 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 Securian Real Estate Securities Fund was 72.03%, occurring on Mar 6, 2009. Recovery took 1031 trading sessions.
The current Delaware Ivy Securian Real Estate Securities Fund drawdown is 3.39%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -72.03%Mar 2009 | 2y 27d | 4y 1mo | 6y 2moFeb 2007 - Apr 2013 |
COVID crash2020 | -40.71%Mar 2020 | 28d | 1y 14d | 1y 1moFeb 2020 - Apr 2021 |
2023 bear market2023 | -37.56%Oct 2023 | 1y 10mo | 1y 12mo | 3y 10moDec 2021 - Oct 2025 |
1999 bear market1999 | -21.98%Dec 1999 | 6mo 24d | 7mo 16d | 1y 2moMay 1999 - Jul 2000 |
Dot-com crash2000–2002 | -18.54%Oct 2002 | 5mo 27d | 7mo 28d | 1y 1moApr 2002 - Jun 2003 |
Drawdown Indicators
| IRSAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.03% | -56.78% | -15.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -9.10% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -18.90% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -37.56% | -25.43% | -12.13% |
Max Drawdown (10Y)Largest decline over 10 years | -40.71% | -33.92% | -6.79% |
Current DrawdownCurrent decline from peak | -3.39% | -0.74% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -10.72% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.97% | +0.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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