BACAX vs. IEYYX
BACAX (BlackRock Energy Opportunities Fund) and IEYYX (Delaware Ivy Energy Fund) are both Energy Equities funds. Over the past 10 years, BACAX returned 7.98%/yr vs 1.28%/yr for IEYYX. Their correlation of 0.90 suggests significant overlap in exposure. BACAX charges 1.32%/yr vs 1.28%/yr for IEYYX.
Performance
BACAX vs. IEYYX - Performance Comparison
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Returns By Period
In the year-to-date period, BACAX achieves a 21.95% return, which is significantly higher than IEYYX's 14.61% return. Over the past 10 years, BACAX has outperformed IEYYX with an annualized return of 7.98%, while IEYYX has yielded a comparatively lower 1.28% annualized return.
BACAX
- 1D
- 0.24%
- 1M
- -7.46%
- YTD
- 21.95%
- 6M
- 23.01%
- 1Y
- 30.07%
- 3Y*
- 15.52%
- 5Y*
- 17.04%
- 10Y*
- 7.98%
IEYYX
- 1D
- -1.94%
- 1M
- -3.73%
- YTD
- 14.61%
- 6M
- 13.99%
- 1Y
- 35.97%
- 3Y*
- 11.27%
- 5Y*
- 13.36%
- 10Y*
- 1.28%
BACAX vs. IEYYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 21.95% | 10.53% | 3.78% | 2.61% | 43.02% | 42.93% | -29.68% | 12.64% | -19.98% | 2.07% |
IEYYX Delaware Ivy Energy Fund | 14.61% | 22.56% | -3.60% | -4.08% | 41.14% | 43.34% | -38.68% | 4.25% | -34.47% | -12.98% |
Correlation
The correlation between BACAX and IEYYX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2006 | 0.90 |
Over the past year, the correlation between BACAX and IEYYX has dropped to 0.36 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
BACAX vs. IEYYX — Risk / Return Rank
BACAX
IEYYX
BACAX vs. IEYYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACAX) and Delaware Ivy Energy Fund (IEYYX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BACAX | IEYYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.48 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 5.90 | -3.57 |
| Martin ratioReturn relative to average drawdown | 7.97 | 23.69 | -15.72 |
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Drawdowns
BACAX vs. IEYYX - Drawdown Comparison
The maximum BACAX drawdown since its inception was -78.88%, smaller than the maximum IEYYX drawdown of -85.16%. Use the drawdown chart below to compare losses from any high point for BACAX and IEYYX.
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Drawdown Indicators
| BACAX | IEYYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.88% | -85.16% | +6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -6.38% | -5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -22.71% | +3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -30.43% | +4.69% |
Max Drawdown (10Y)Largest decline over 10 years | -65.92% | -81.45% | +15.53% |
Current DrawdownCurrent decline from peak | -10.95% | -25.93% | +14.98% |
Average DrawdownAverage peak-to-trough decline | -34.20% | -35.13% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 1.58% | +2.03% |
Volatility
BACAX vs. IEYYX - Volatility Comparison
BlackRock Energy Opportunities Fund (BACAX) has a higher volatility of 6.16% compared to Delaware Ivy Energy Fund (IEYYX) at 5.00%. This indicates that BACAX's price experiences larger fluctuations and is considered to be riskier than IEYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BACAX | IEYYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 5.00% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 10.54% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.58% | 13.53% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.51% | 21.63% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.17% | 30.81% | -3.64% |
BACAX vs. IEYYX - Expense Ratio Comparison
BACAX has a 1.32% expense ratio, which is higher than IEYYX's 1.28% expense ratio.
Dividends
BACAX vs. IEYYX - Dividend Comparison
BACAX's dividend yield for the trailing twelve months is around 2.03%, more than IEYYX's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 2.03% | 2.47% | 2.29% | 3.06% | 2.21% | 2.39% | 3.38% | 2.69% | 2.87% | 2.48% | 1.95% | 1.98% |
IEYYX Delaware Ivy Energy Fund | 0.76% | 0.87% | 0.91% | 2.37% | 1.33% | 1.49% | 2.17% | 0.00% | 0.00% | 0.36% | 0.00% | 0.00% |
Frequently Asked Questions
BACAX and IEYYX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BACAX has higher volatility (6.16%) compared to IEYYX (5.00%). In terms of maximum drawdown, BACAX dropped -78.88% vs IEYYX's -85.16%.
IEYYX currently has the higher Sharpe Ratio (2.78 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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