- ISIN
- US4658984350
- CUSIP
- 465898435
- Issuer
- Delaware Funds
- Inception Date
- Jan 31, 1997
- Category
- Small Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
IYSAX Performance Chart
Delaware Ivy Smid Cap Core Fund (IYSAX) is up 14.0% since the beginning of the year. IYSAX is currently trading at $21 per share. Investors who bought $1,000 worth of IYSAX shares 5 years ago would now be looking at an investment worth $1,410.
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Returns By Period
Delaware Ivy Smid Cap Core Fund (IYSAX) has returned 13.98% so far this year and 29.32% over the past 12 months. Over the last ten years, IYSAX has returned 10.20% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Delaware Ivy Smid Cap Core Fund
- 1D
- -0.24%
- 1M
- 2.44%
- YTD
- 13.98%
- 6M
- 14.53%
- 1Y
- 29.32%
- 3Y*
- 16.71%
- 5Y*
- 7.12%
- 10Y*
- 10.20%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
IYSAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 31, 1997, IYSAX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +15.0%, while the worst month was Mar 2020 at -19.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IYSAX closed higher 52% of trading days. The best single day was Dec 15, 2022 with a return of +28.4%, while the worst single day was Dec 16, 2022 at -25.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.38% | 3.21% | -5.23% | 9.92% | 2.79% | -0.24% | 13.98% | ||||||
| 2025 | 4.96% | -5.86% | -5.29% | -2.97% | 5.28% | 4.18% | 0.71% | 3.25% | -0.61% | 0.52% | 5.28% | -0.17% | 8.74% |
| 2024 | -1.55% | 4.24% | 4.23% | -5.88% | 4.84% | -1.39% | 7.41% | -0.06% | 1.50% | -0.36% | 9.71% | -7.54% | 14.62% |
| 2023 | 9.05% | -1.22% | -4.17% | -0.76% | -2.52% | 8.54% | 4.40% | -3.73% | -5.32% | -5.16% | 8.65% | 9.60% | 16.48% |
| 2022 | -7.12% | 1.16% | 0.49% | -7.54% | 0.35% | -8.65% | 9.48% | -1.99% | -8.94% | 9.19% | 5.29% | -6.04% | -15.55% |
| 2021 | 4.12% | 7.76% | 2.94% | 4.55% | -0.94% | -0.47% | -0.30% | -0.43% | -2.57% | 5.28% | -5.31% | 4.95% | 20.46% |
Benchmark Metrics
Delaware Ivy Smid Cap Core Fund has an annualized alpha of 1.70%, beta of 0.91, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since February 03, 1997.
- With beta of 0.91 and R2 of 0.62, 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
- 1.70%
- Beta
- 0.91
- R²
- 0.62
- Upside Capture
- 100.47%
- Downside Capture
- 99.42%
Expense Ratio
IYSAX has a high expense ratio of 1.14%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IYSAX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Delaware Ivy Smid Cap Core Fund (IYSAX) and compare them to S&P 500 Index.
| IYSAX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | 2.39 | -0.44 |
Sortino ratioReturn per unit of downside risk | 2.78 | 3.25 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.11 | +0.19 |
Martin ratioReturn relative to average drawdown | 12.43 | 14.38 | -1.96 |
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 Smid Cap Core Fund provided a 1.68% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.34 | $0.10 | $0.07 | $3.80 | $3.78 | $0.00 | $0.12 | $2.37 | $0.42 | $0.81 | $2.15 |
Dividend yield | 1.68% | 1.88% | 0.62% | 0.45% | 29.63% | 19.36% | 0.00% | 0.67% | 16.13% | 2.22% | 4.75% | 15.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Ivy Smid Cap Core 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 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | ||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.28 | $0.34 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.07 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $3.78 | $3.80 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.78 | $3.78 |
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 Smid Cap Core 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 Smid Cap Core Fund was 48.76%, occurring on Mar 9, 2009. Recovery took 283 trading sessions.
The current Delaware Ivy Smid Cap Core Fund drawdown is 1.67%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -48.76%Mar 2009 | 1y 7mo | 1y 1mo | 2y 9moJul 2007 - Apr 2010 |
2003 bear market2003 | -43.26%Mar 2003 | 10mo 28d | 9mo 23d | 1y 8moApr 2002 - Dec 2003 |
COVID crash2020 | -41.72%Mar 2020 | 1y 6mo | 8mo 27d | 2y 3moSep 2018 - Dec 2020 |
Bear market2022 | -34.05%Jun 2022 | 6mo 1d | 2y 4mo | 2y 10moDec 2021 - Nov 2024 |
1998 bear market1998 | -32.40%Oct 1998 | 5mo 19d | 2y 3mo | 2y 9moApr 1998 - Jan 2001 |
Drawdown Indicators
| IYSAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.76% | -56.78% | +8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -9.10% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -24.50% | -18.90% | -5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -25.43% | -8.62% |
Max Drawdown (10Y)Largest decline over 10 years | -41.72% | -33.92% | -7.80% |
Current DrawdownCurrent decline from peak | -1.67% | 0.00% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -10.72% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.97% | +0.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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