- ISIN
- US4658973536
- CUSIP
- 465897353
- Issuer
- Delaware Funds
- Inception Date
- May 13, 1997
- Category
- Foreign Large Cap Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
IVIAX Performance Chart
Delaware Ivy International Core Equity Fund (IVIAX) is up 9.2% since the beginning of the year. IVIAX is currently trading at $25 per share. Investors who bought $1,000 worth of IVIAX shares 5 years ago would now be looking at an investment worth $1,400.
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Returns By Period
Delaware Ivy International Core Equity Fund (IVIAX) has returned 9.22% so far this year and 16.49% over the past 12 months. Over the last ten years, IVIAX has returned 7.85% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Delaware Ivy International Core Equity Fund
- 1D
- 2.24%
- 1M
- 4.50%
- YTD
- 9.22%
- 6M
- 10.25%
- 1Y
- 16.49%
- 3Y*
- 13.32%
- 5Y*
- 6.96%
- 10Y*
- 7.85%
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%
IVIAX Monthly Returns History
Based on dividend-adjusted daily data since May 5, 1997, IVIAX's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +15.1%, while the worst month was Oct 2008 at -20.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IVIAX closed higher 52% of trading days. The best single day was Oct 28, 2008 with a return of +9.9%, while the worst single day was Mar 12, 2020 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.73% | 0.68% | -10.53% | 9.73% | 3.76% | 2.67% | 9.22% | ||||||
| 2025 | 5.44% | 2.74% | -1.22% | 3.16% | 5.46% | 3.83% | -2.76% | 2.50% | 1.42% | 0.68% | -0.96% | 1.72% | 23.95% |
| 2024 | -1.21% | 3.47% | 3.55% | -2.96% | 4.67% | -1.55% | 0.91% | 3.26% | 0.05% | -3.75% | -0.14% | -2.25% | 3.66% |
| 2023 | 9.18% | -2.31% | 1.35% | 1.75% | -3.86% | 5.27% | 3.61% | -3.68% | -2.17% | -3.59% | 7.95% | 3.20% | 16.71% |
| 2022 | -1.54% | -4.89% | 0.57% | -8.50% | 3.58% | -8.53% | 2.77% | -4.02% | -11.13% | 4.58% | 14.10% | -0.90% | -15.37% |
| 2021 | -1.61% | 3.65% | 4.15% | 3.58% | 4.53% | -1.26% | -0.94% | 1.48% | -2.96% | 3.29% | -5.62% | 5.56% | 13.99% |
Benchmark Metrics
Delaware Ivy International Core Equity Fund has an annualized alpha of 0.59%, beta of 0.71, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since May 05, 1997.
- This fund participated in 96.91% of S&P 500 Index downside but only 87.18% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.59%
- Beta
- 0.71
- R²
- 0.55
- Upside Capture
- 87.18%
- Downside Capture
- 96.91%
Expense Ratio
IVIAX has a high expense ratio of 1.04%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IVIAX ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Delaware Ivy International Core Equity Fund (IVIAX) 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.
| IVIAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.78 | -1.67 |
| Martin ratioReturn relative to average drawdown | 4.03 | 12.44 | -8.41 |
Dividends
Dividend History
Delaware Ivy International Core Equity Fund provided a 11.03% dividend yield over the last twelve months, with an annual payout of $2.72 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.72 | $2.72 | $0.14 | $0.51 | $0.14 | $0.50 | $0.18 | $0.42 | $1.47 | $0.20 | $0.26 | $0.14 |
Dividend yield | 11.03% | 12.05% | 0.69% | 2.55% | 0.82% | 2.43% | 0.98% | 2.39% | 9.63% | 1.01% | 1.59% | 0.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Ivy International Core Equity 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 | $2.72 | $2.72 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
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 International Core 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 International Core Equity Fund was 56.37%, occurring on Mar 9, 2009. Recovery took 1136 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.37%Mar 2009 | 1y 4mo | 4y 6mo | 5y 10moNov 2007 - Sep 2013 |
Dot-com crash2000–2002 | -44.58%Oct 2002 | 2y 9mo | 2y 4mo | 5y 2moJan 2000 - Mar 2005 |
COVID crash2020 | -40.87%Mar 2020 | 2y 1mo | 9mo 21d | 2y 11moJan 2018 - Jan 2021 |
Bear market2022 | -30.46%Sep 2022 | 1y 3mo | 1y 5mo | 2y 9moJun 2021 - Mar 2024 |
1998 bear market1998 | -29.02%Oct 1998 | 5mo 22d | 9mo 4d | 1y 2moApr 1998 - Jul 1999 |
Drawdown Indicators
| IVIAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.37% | -56.78% | +0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -14.58% | -9.10% | -5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | -18.90% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -30.25% | -25.43% | -4.82% |
Max Drawdown (10Y)Largest decline over 10 years | -40.87% | -33.92% | -6.95% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -12.28% | -10.71% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 2.03% | +2.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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