- ISIN
- US46600B4095
- CUSIP
- 46600B409
- Issuer
- Delaware Funds
- Inception Date
- Oct 1, 2014
- Category
- Mid Cap Value Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
IVOIX Performance Chart
Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) is up 8.5% since the beginning of the year. IVOIX is currently trading at $18 per share. Investors who bought $1,000 worth of IVOIX shares 5 years ago would now be looking at an investment worth $1,456.
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Returns By Period
Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) has returned 8.45% so far this year and 14.73% over the past 12 months. Over the last ten years, IVOIX has returned 10.14% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Delaware Ivy Mid Cap Income Opportunities Fund
- 1D
- 0.71%
- 1M
- 2.51%
- YTD
- 8.45%
- 6M
- 6.50%
- 1Y
- 14.73%
- 3Y*
- 11.61%
- 5Y*
- 7.81%
- 10Y*
- 10.14%
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%
IVOIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2015, IVOIX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +14.9%, while the worst month was Mar 2020 at -21.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IVOIX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +11.0%, while the worst single day was Mar 16, 2020 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.94% | 4.81% | -7.98% | 4.30% | 2.09% | 1.60% | 8.45% | ||||||
| 2025 | 3.09% | 0.38% | -4.15% | -3.13% | 6.07% | 3.68% | 1.80% | 3.80% | 0.29% | -2.81% | 0.88% | -0.79% | 8.91% |
| 2024 | -1.47% | 4.08% | 4.59% | -5.03% | 3.58% | -1.91% | 5.13% | 1.16% | 2.24% | -1.42% | 5.70% | -6.97% | 9.08% |
| 2023 | 7.57% | -1.74% | -0.74% | 0.29% | -4.21% | 9.10% | 2.50% | -3.74% | -4.71% | -3.03% | 10.47% | 6.51% | 17.95% |
| 2022 | -5.85% | -1.32% | 0.82% | -4.46% | 1.17% | -9.08% | 9.15% | -2.83% | -10.06% | 9.27% | 6.14% | -6.29% | -14.67% |
| 2021 | -0.96% | 5.71% | 6.11% | 4.61% | 0.93% | -1.42% | 1.67% | 2.57% | -3.93% | 3.87% | -2.07% | 6.70% | 25.76% |
Benchmark Metrics
Delaware Ivy Mid Cap Income Opportunities Fund has an annualized alpha of -1.06%, beta of 0.93, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since January 02, 2015.
- This fund participated in 97.62% of S&P 500 Index downside but only 88.57% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.93 and R2 of 0.80, 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
- -1.06%
- Beta
- 0.93
- R²
- 0.80
- Upside Capture
- 88.57%
- Downside Capture
- 97.62%
Expense Ratio
IVOIX has an expense ratio of 0.83%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IVOIX ranks 19 for risk / return — in the bottom 19% 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 Mid Cap Income Opportunities Fund (IVOIX) 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.
| IVOIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.78 | -1.22 |
| Martin ratioReturn relative to average drawdown | 4.45 | 12.44 | -7.99 |
Dividends
Dividend History
Delaware Ivy Mid Cap Income Opportunities Fund provided a 14.03% dividend yield over the last twelve months, with an annual payout of $2.58 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.58 | $2.69 | $2.12 | $1.00 | $0.73 | $0.71 | $0.29 | $0.32 | $0.54 | $0.20 | $0.14 | $0.21 |
Dividend yield | 14.03% | 15.79% | 11.69% | 5.43% | 4.44% | 3.50% | 1.75% | 2.05% | 4.31% | 1.42% | 1.10% | 2.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Ivy Mid Cap Income Opportunities 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 | $0.06 | $0.00 | $0.00 | $0.00 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $2.35 | $2.69 |
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $1.88 | $2.12 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.76 | $1.00 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.52 | $0.73 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.55 | $0.71 |
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 Mid Cap Income Opportunities 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 Mid Cap Income Opportunities Fund was 41.17%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current Delaware Ivy Mid Cap Income Opportunities Fund drawdown is 0.70%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.17%Mar 2020 | 1mo 1d | 7mo 28d | 8mo 29dFeb 2020 - Nov 2020 |
Bear market2022 | -21.87%Sep 2022 | 8mo 28d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -19.75%Apr 2025 | 4mo 13d | 2mo 25d | 7mo 8dNov 2024 - Jul 2025 |
Rate-hike selloffLate 2018 | -18.48%Dec 2018 | 3mo 1d | 4mo 1d | 7mo 2dSep 2018 - Apr 2019 |
2016 correction2016 | -15.40%Jan 2016 | 9mo 12d | 2mo 24d | 1y 1dApr 2015 - Apr 2016 |
Drawdown Indicators
| IVOIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.17% | -56.78% | +15.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -9.10% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -19.75% | -18.90% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.87% | -25.43% | +3.56% |
Max Drawdown (10Y)Largest decline over 10 years | -41.17% | -33.92% | -7.25% |
Current DrawdownCurrent decline from peak | -0.70% | -1.80% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -10.71% | +5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.03% | +1.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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