- ISIN
- US2461186999
- Issuer
- Delaware Funds
- Inception Date
- Aug 1, 2003
- Category
- Foreign Large Cap Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
OIIEX Performance Chart
Optimum International Fund (OIIEX) is up 17.5% since the beginning of the year. OIIEX is currently trading at $19 per share. Investors who bought $1,000 worth of OIIEX shares 5 years ago would now be looking at an investment worth $1,428.
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Returns By Period
Optimum International Fund (OIIEX) has returned 17.52% so far this year and 29.49% over the past 12 months. Over the last ten years, OIIEX has returned 9.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Optimum International Fund
- 1D
- 1.48%
- 1M
- 4.05%
- YTD
- 17.52%
- 6M
- 18.58%
- 1Y
- 29.49%
- 3Y*
- 18.46%
- 5Y*
- 7.39%
- 10Y*
- 9.44%
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%
OIIEX Monthly Returns History
Based on dividend-adjusted daily data since Jul 23, 2003, OIIEX's average daily return is +0.04%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +15.3%, while the worst month was Oct 2008 at -19.3%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, OIIEX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +12.7%, while the worst single day was Oct 15, 2008 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.59% | 3.37% | -9.31% | 9.43% | 6.74% | 1.65% | 17.52% | ||||||
| 2025 | 4.81% | 1.58% | -2.30% | 4.09% | 5.83% | 3.44% | -1.66% | 2.10% | 2.52% | 0.19% | -0.39% | 3.47% | 25.99% |
| 2024 | -0.93% | 3.82% | 1.80% | -3.30% | 5.07% | -0.16% | 1.82% | 2.65% | 2.65% | -3.99% | 1.08% | -1.99% | 8.41% |
| 2023 | 8.86% | -3.85% | 4.19% | 0.54% | -3.02% | 4.58% | 2.98% | -4.76% | -4.11% | -4.28% | 10.60% | 6.01% | 17.37% |
| 2022 | -6.55% | -3.35% | 0.16% | -7.64% | 0.87% | -10.27% | 5.96% | -4.81% | -11.44% | 3.12% | 13.57% | -2.73% | -23.04% |
| 2021 | -0.20% | 3.90% | 2.11% | 3.03% | 2.25% | 0.37% | -0.98% | 2.15% | -5.42% | 2.17% | -5.36% | 4.80% | 8.52% |
Benchmark Metrics
Optimum International Fund has an annualized alpha of -0.30%, beta of 0.87, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since July 23, 2003.
- This fund participated in 100.83% of S&P 500 Index downside but only 92.10% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.87 and R2 of 0.72, 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
- -0.30%
- Beta
- 0.87
- R²
- 0.72
- Upside Capture
- 92.10%
- Downside Capture
- 100.83%
Expense Ratio
OIIEX has a high expense ratio of 1.04%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
OIIEX ranks 43 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 Optimum International Fund (OIIEX) 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.
| OIIEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.78 | -0.40 |
| Martin ratioReturn relative to average drawdown | 9.04 | 12.44 | -3.40 |
Dividends
Dividend History
Optimum International Fund provided a 1.19% dividend yield over the last twelve months, with an annual payout of $0.22 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 | $0.22 | $0.22 | $0.21 | $0.16 | $0.32 | $2.14 | $0.46 | $0.28 | $1.03 | $0.30 | $0.13 | $0.09 |
Dividend yield | 1.19% | 1.40% | 1.62% | 1.37% | 3.08% | 15.53% | 3.16% | 2.10% | 8.98% | 2.06% | 1.16% | 0.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Optimum International 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 | $0.22 | $0.22 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.14 | $2.14 |
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 Optimum International 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 Optimum International Fund was 58.10%, occurring on Mar 9, 2009. Recovery took 2047 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.10%Mar 2009 | 1y 4mo | 8y 1mo | 9y 5moNov 2007 - Apr 2017 |
COVID crash2020 | -37.43%Mar 2020 | 2y 1mo | 8mo 6d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -37.09%Oct 2022 | 1y 1mo | 2y 4mo | 3y 5moSep 2021 - Feb 2025 |
2025 selloff2025 | -14.64%Apr 2025 | 1mo 17d | 25d | 2mo 12dFeb 2025 - May 2025 |
2006 correction2006 | -14.55%Jun 2006 | 1mo 3d | 4mo 1d | 5mo 4dMay 2006 - Oct 2006 |
Drawdown Indicators
| OIIEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.10% | -56.78% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.93% | -9.10% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -18.90% | +4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -37.09% | -25.43% | -11.66% |
Max Drawdown (10Y)Largest decline over 10 years | -37.43% | -33.92% | -3.51% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -12.42% | -10.71% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.03% | +1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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