- ISIN
- US2461187492
- Issuer
- Delaware Funds
- Inception Date
- Aug 1, 2003
- Category
- Small Cap Value Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
OISVX Performance Chart
Optimum Small-Mid Cap Value Fund (OISVX) is up 14.2% since the beginning of the year. OISVX is currently trading at $16 per share. Investors who bought $1,000 worth of OISVX shares 5 years ago would now be looking at an investment worth $1,248.
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Returns By Period
Optimum Small-Mid Cap Value Fund (OISVX) has returned 14.18% so far this year and 25.04% over the past 12 months. Over the last ten years, OISVX has returned 7.85% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Optimum Small-Mid Cap Value Fund
- 1D
- 0.83%
- 1M
- 4.37%
- YTD
- 14.18%
- 6M
- 14.49%
- 1Y
- 25.04%
- 3Y*
- 13.33%
- 5Y*
- 4.53%
- 10Y*
- 7.85%
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%
OISVX Monthly Returns History
Based on dividend-adjusted daily data since Jul 23, 2003, OISVX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +19.9%, while the worst month was Mar 2020 at -24.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, OISVX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -13.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.78% | 2.76% | -5.98% | 9.22% | 2.62% | 0.64% | 14.18% | ||||||
| 2025 | 3.55% | -4.03% | -5.75% | -5.65% | 4.89% | 4.13% | 1.15% | 4.42% | -0.89% | -2.14% | 2.68% | 1.09% | 2.64% |
| 2024 | -1.56% | 3.24% | 5.38% | -6.10% | 4.23% | -3.25% | 7.21% | -0.13% | 1.83% | -0.77% | 8.73% | -7.59% | 10.25% |
| 2023 | 9.98% | -3.09% | -6.39% | -1.24% | -4.87% | 9.49% | 4.60% | -3.31% | -4.47% | -5.30% | 7.99% | 9.04% | 10.56% |
| 2022 | -3.24% | 1.20% | -0.31% | -6.70% | 2.95% | -11.21% | 8.58% | -3.72% | -11.93% | 12.35% | 6.31% | -6.14% | -14.06% |
| 2021 | 3.26% | 8.61% | 5.28% | 4.52% | 2.34% | -2.76% | -0.72% | 1.64% | -2.57% | 3.13% | -2.68% | 6.56% | 29.13% |
Benchmark Metrics
Optimum Small-Mid Cap Value Fund has an annualized alpha of -1.25%, beta of 1.05, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since July 24, 2003.
- This fund participated in 114.51% of S&P 500 Index downside but only 107.73% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.05 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
- -1.25%
- Beta
- 1.05
- R²
- 0.80
- Upside Capture
- 107.73%
- Downside Capture
- 114.51%
Expense Ratio
OISVX has a high expense ratio of 1.18%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
OISVX ranks 36 for risk / return — below 36% 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 Optimum Small-Mid Cap Value Fund (OISVX) and compare them to S&P 500 Index.
| OISVX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 2.24 | -0.59 |
Sortino ratioReturn per unit of downside risk | 2.48 | 3.07 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.93 | -0.34 |
Martin ratioReturn relative to average drawdown | 8.18 | 13.52 | -5.34 |
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
Optimum Small-Mid Cap Value Fund provided a 5.79% dividend yield over the last twelve months, with an annual payout of $0.91 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.91 | $0.91 | $1.23 | $0.19 | $1.17 | $1.04 | $0.67 | $0.41 | $0.98 | $0.79 | $0.08 | $0.49 |
Dividend yield | 5.79% | 6.61% | 8.59% | 1.35% | 9.04% | 6.37% | 4.97% | 2.98% | 8.55% | 5.35% | 0.54% | 4.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Optimum Small-Mid Cap Value 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 | $0.91 | $0.91 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $1.23 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 | $1.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.04 | $1.04 |
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 Small-Mid Cap Value 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 Small-Mid Cap Value Fund was 63.10%, occurring on Mar 9, 2009. Recovery took 491 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -63.10%Mar 2009 | 1y 9mo | 1y 11mo | 3y 8moJun 2007 - Feb 2011 |
COVID crash2020 | -45.99%Mar 2020 | 2mo 2d | 8mo 27d | 10mo 29dJan 2020 - Dec 2020 |
2011 bear market2011 | -29.02%Oct 2011 | 5mo 4d | 5mo 18d | 10mo 22dMay 2011 - Mar 2012 |
2016 bear market2016 | -27.21%Feb 2016 | 1y 7mo | 10mo 1d | 2y 5moJul 2014 - Dec 2016 |
2025 selloff2025 | -25.56%Apr 2025 | 4mo 13d | 9mo 18d | 1y 1moNov 2024 - Jan 2026 |
Drawdown Indicators
| OISVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.10% | -56.78% | -6.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -9.10% | -1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -18.90% | -6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -25.43% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -45.99% | -33.92% | -12.07% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -10.72% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 1.97% | +1.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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