- ISIN
- US4660005772
- CUSIP
- 466000577
- Issuer
- Delaware Funds
- Inception Date
- Jun 30, 2000
- Category
- Mid Cap Growth Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
WMGAX Performance Chart
Delaware Ivy Mid Cap Growth Fund (WMGAX) is up 3.6% since the beginning of the year. WMGAX is currently trading at $24 per share. Investors who bought $1,000 worth of WMGAX shares 5 years ago would now be looking at an investment worth $1,030.
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Returns By Period
Delaware Ivy Mid Cap Growth Fund (WMGAX) has returned 3.55% so far this year and 6.75% over the past 12 months. Over the last ten years, WMGAX has returned 11.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Delaware Ivy Mid Cap Growth Fund
- 1D
- 1.72%
- 1M
- 3.32%
- YTD
- 3.55%
- 6M
- 0.72%
- 1Y
- 6.75%
- 3Y*
- 6.09%
- 5Y*
- 0.59%
- 10Y*
- 11.52%
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%
WMGAX Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 2000, WMGAX'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, 61% of months were positive and 39% were negative. The best month was Aug 2000 with a return of +17.9%, while the worst month was Oct 2008 at -17.7%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, WMGAX closed higher 52% of trading days. The best single day was Dec 16, 2021 with a return of +13.3%, while the worst single day was Dec 17, 2021 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.97% | -0.30% | -8.57% | 5.37% | 4.96% | 0.72% | 3.55% | ||||||
| 2025 | 4.58% | -5.56% | -7.54% | -1.66% | 8.51% | 4.41% | 3.64% | 1.28% | -1.94% | 0.19% | -1.29% | -2.65% | 0.83% |
| 2024 | -2.39% | 7.01% | 2.47% | -6.39% | 1.71% | -1.08% | 0.72% | 1.24% | 3.62% | -3.39% | 7.17% | -0.22% | 10.02% |
| 2023 | 10.64% | -1.15% | 1.71% | -2.95% | 0.35% | 9.15% | 1.94% | -6.25% | -7.00% | -6.72% | 11.37% | 9.87% | 19.97% |
| 2022 | -14.38% | -1.86% | 2.05% | -11.54% | -2.66% | -9.24% | 12.99% | -5.01% | -9.08% | 5.48% | 6.73% | -5.85% | -30.68% |
| 2021 | 1.06% | 2.24% | -1.42% | 5.53% | -1.42% | 4.93% | 3.43% | 1.04% | -4.38% | 5.71% | -3.71% | 2.76% | 16.22% |
Benchmark Metrics
Delaware Ivy Mid Cap Growth Fund has an annualized alpha of 2.09%, beta of 1.01, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since June 30, 2000.
- This fund captured 111.90% of S&P 500 Index gains and 102.94% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.09% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.01 and R2 of 0.81, 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
- 2.09%
- Beta
- 1.01
- R²
- 0.81
- Upside Capture
- 111.90%
- Downside Capture
- 102.94%
Expense Ratio
WMGAX has a high expense ratio of 1.12%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WMGAX ranks 5 for risk / return — in the bottom 5% 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 Growth Fund (WMGAX) 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.
| WMGAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.37 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.78 | -2.36 |
| Martin ratioReturn relative to average drawdown | 1.15 | 12.44 | -11.29 |
Dividends
Dividend History
Delaware Ivy Mid Cap Growth Fund provided a 10.72% dividend yield over the last twelve months, with an annual payout of $2.53 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.53 | $2.53 | $3.84 | $1.75 | $2.81 | $4.93 | $3.66 | $1.43 | $2.14 | $1.82 | $0.78 | $2.08 |
Dividend yield | 10.72% | 11.10% | 15.30% | 6.66% | 11.94% | 13.08% | 9.97% | 5.23% | 10.28% | 7.92% | 3.98% | 10.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Ivy Mid Cap Growth 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 | $2.53 | $2.53 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.84 | $3.84 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.75 | $1.75 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.81 | $2.81 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.93 | $4.93 |
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 Growth 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 Growth Fund was 53.74%, occurring on Mar 9, 2009. Recovery took 284 trading sessions.
The current Delaware Ivy Mid Cap Growth Fund drawdown is 14.15%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -53.74%Mar 2009 | 1y 5mo | 1y 1mo | 2y 6moOct 2007 - Apr 2010 |
Dot-com crash2000–2002 | -51.17%Oct 2002 | 2y 1mo | 3y 2mo | 5y 3moSep 2000 - Dec 2005 |
Bear market2022 | -42.95%Oct 2022 | 10mo 1d | — | 4y 6moDec 2021 - now |
COVID crash2020 | -33.48%Mar 2020 | 1mo 1d | 2mo 7d | 3mo 8dFeb 2020 - May 2020 |
2016 bear market2016 | -25.91%Feb 2016 | 7mo 22d | 1y 11d | 1y 8moJun 2015 - Feb 2017 |
Drawdown Indicators
| WMGAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -56.78% | +3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -16.16% | -9.10% | -7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -18.90% | -7.69% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -25.43% | -17.52% |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | -33.92% | -9.03% |
Current DrawdownCurrent decline from peak | -14.15% | -1.80% | -12.35% |
Average DrawdownAverage peak-to-trough decline | -13.62% | -10.71% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.93% | 2.03% | +3.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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