CVLVX vs. FGINX

Last updated Jun 3, 2026

CVLVX (Cullen Value Fund) and FGINX (Delaware Growth and Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, CVLVX returned 10.58%/yr vs 13.25%/yr for FGINX. Their correlation of 0.93 suggests significant overlap in exposure. CVLVX charges 0.75%/yr vs 1.02%/yr for FGINX.

Performance

CVLVX vs. FGINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cullen Value Fund (CVLVX) and Delaware Growth and Income Fund (FGINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVLVX achieves a 12.09% return, which is significantly lower than FGINX's 16.83% return. Over the past 10 years, CVLVX has underperformed FGINX with an annualized return of 10.58%, while FGINX has yielded a comparatively higher 13.25% annualized return.

CVLVX

• 1D: 0.12%
• 1M: 3.21%
• YTD: 12.09%
• 6M: 15.26%
• 1Y: 30.15%
• 3Y*: 16.13%
• 5Y*: 8.72%
• 10Y*: 10.58%

FGINX

• 1D: 0.10%
• 1M: 5.99%
• YTD: 16.83%
• 6M: 22.29%
• 1Y: 43.75%
• 3Y*: 26.05%
• 5Y*: 16.12%
• 10Y*: 13.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CVLVX vs. FGINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CVLVX Cullen Value Fund	12.09%	20.10%	9.71%	5.53%	-6.37%	20.49%	2.06%	24.86%	-4.89%	17.93%
FGINX Delaware Growth and Income Fund	16.83%	29.78%	15.13%	11.98%	3.03%	21.37%	-0.08%	25.64%	-10.27%	18.08%

Correlation

The correlation between CVLVX and FGINX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.93

The correlation between CVLVX and FGINX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

CVLVX vs. FGINX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CVLVX

CVLVX Risk / Return Rank: 81
CVLVX Sharpe Ratio Rank: 84
CVLVX Sortino Ratio Rank: 82
CVLVX Omega Ratio Rank: 73
CVLVX Calmar Ratio Rank: 86
CVLVX Martin Ratio Rank: 82

FGINX

FGINX Risk / Return Rank: 96
FGINX Sharpe Ratio Rank: 98
FGINX Sortino Ratio Rank: 96
FGINX Omega Ratio Rank: 93
FGINX Calmar Ratio Rank: 96
FGINX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CVLVX vs. FGINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cullen Value Fund (CVLVX) and Delaware Growth and Income Fund (FGINX). 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.

	CVLVX	FGINX	Difference
Sharpe ratio Return per unit of total volatility	2.70	3.93	-1.23
Sortino ratio Return per unit of downside risk	3.86	5.42	-1.56
Omega ratio Gain probability vs. loss probability	1.48	1.71	-0.23
Calmar ratio Return relative to maximum drawdown	4.07	6.13	-2.06
Martin ratio Return relative to average drawdown	15.57	23.50	-7.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CVLVX vs. FGINX - Sharpe Ratio Comparison

The current CVLVX Sharpe Ratio is 2.70, which is lower than the FGINX Sharpe Ratio of 3.93. The chart below compares the historical Sharpe Ratios of CVLVX and FGINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CVLVX	FGINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	3.93	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	1.09	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.78	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.55	+0.13

Drawdowns

CVLVX vs. FGINX - Drawdown Comparison

The maximum CVLVX drawdown since its inception was -35.99%, smaller than the maximum FGINX drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for CVLVX and FGINX.

Drawdown Indicators

	CVLVX	FGINX	Difference
Max Drawdown Largest peak-to-trough decline	-35.99%	-54.80%	+18.81%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-7.34%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-16.32%	-13.28%	-3.04%
Max Drawdown (5Y) Largest decline over 5 years	-20.69%	-16.21%	-4.48%
Max Drawdown (10Y) Largest decline over 10 years	-35.99%	-37.37%	+1.38%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.14%	-9.70%	+5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.91%	+0.06%

Volatility

CVLVX vs. FGINX - Volatility Comparison

Cullen Value Fund (CVLVX) has a higher volatility of 3.03% compared to Delaware Growth and Income Fund (FGINX) at 2.74%. This indicates that CVLVX's price experiences larger fluctuations and is considered to be riskier than FGINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVLVX	FGINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	2.74%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	8.72%	8.20%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	11.31%	11.36%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.37%	14.88%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	17.03%	-0.56%

CVLVX vs. FGINX - Expense Ratio Comparison

CVLVX has a 0.75% expense ratio, which is lower than FGINX's 1.02% expense ratio.

Dividends

CVLVX vs. FGINX - Dividend Comparison

CVLVX's dividend yield for the trailing twelve months is around 3.38%, less than FGINX's 9.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVLVX Cullen Value Fund	3.38%	3.43%	4.92%	9.40%	6.48%	11.24%	16.67%	13.16%	1.68%	7.81%	4.07%	3.03%
FGINX Delaware Growth and Income Fund	9.73%	11.28%	12.40%	7.11%	7.04%	11.97%	6.59%	51.75%	25.36%	5.13%	4.12%	5.66%

Frequently Asked Questions

Can I hold both CVLVX and FGINX in my portfolio?

CVLVX and FGINX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVLVX or FGINX?

CVLVX has higher volatility (3.03%) compared to FGINX (2.74%). In terms of maximum drawdown, CVLVX dropped -35.99% vs FGINX's -54.80%.

Which has better risk-adjusted returns?

FGINX currently has the higher Sharpe Ratio (3.93 vs 2.70), 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.