DDIIX vs. VTMFX

Last updated Jun 23, 2026

DDIIX (Delaware Wealth Builder Fund) and VTMFX (Vanguard Tax-Managed Balanced Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 10 years, DDIIX returned 8.04%/yr vs 8.63%/yr for VTMFX. Their correlation of 0.87 suggests significant overlap in exposure. DDIIX charges 0.84%/yr vs 0.05%/yr for VTMFX.

Performance

DDIIX vs. VTMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Wealth Builder Fund (DDIIX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDIIX achieves a 9.95% return, which is significantly higher than VTMFX's 5.44% return. Over the past 10 years, DDIIX has underperformed VTMFX with an annualized return of 8.04%, while VTMFX has yielded a comparatively higher 8.63% annualized return.

DDIIX

• 1D: 0.59%
• 1M: 1.31%
• YTD: 9.95%
• 6M: 9.73%
• 1Y: 22.66%
• 3Y*: 13.86%
• 5Y*: 9.13%
• 10Y*: 8.04%

VTMFX

• 1D: 0.57%
• 1M: 0.96%
• YTD: 5.44%
• 6M: 5.27%
• 1Y: 15.82%
• 3Y*: 11.93%
• 5Y*: 7.23%
• 10Y*: 8.63%

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

DDIIX vs. VTMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDIIX Delaware Wealth Builder Fund	9.95%	13.58%	10.69%	12.44%	-8.50%	18.09%	3.11%	18.09%	-7.03%	9.40%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	5.44%	11.28%	12.17%	15.55%	-12.69%	13.10%	13.31%	18.01%	-1.40%	12.61%

Correlation

The correlation between DDIIX and VTMFX is 0.92, 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	0.92
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	0.90
Correlation (All Time) Calculated using the full available price history since Nov 29, 1996	0.87

The correlation between DDIIX and VTMFX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

DDIIX vs. VTMFX — Risk / Return Rank

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

DDIIX

DDIIX Risk / Return Rank: 85
DDIIX Sharpe Ratio Rank: 88
DDIIX Sortino Ratio Rank: 86
DDIIX Omega Ratio Rank: 82
DDIIX Calmar Ratio Rank: 82
DDIIX Martin Ratio Rank: 86

VTMFX

VTMFX Risk / Return Rank: 76
VTMFX Sharpe Ratio Rank: 81
VTMFX Sortino Ratio Rank: 79
VTMFX Omega Ratio Rank: 79
VTMFX Calmar Ratio Rank: 64
VTMFX Martin Ratio Rank: 79

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.

DDIIX vs. VTMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Wealth Builder Fund (DDIIX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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.

	DDIIX	VTMFX	Difference
Sharpe ratio: Return per unit of total volatility	2.69	2.45	+0.24
Sortino ratio: Return per unit of downside risk	3.80	3.45	+0.34
Omega ratio: Gain probability vs. loss probability	1.50	1.47	+0.03
Calmar ratio: Return relative to maximum drawdown	3.54	2.93	+0.61
Martin ratio: Return relative to average drawdown	15.18	13.72	+1.46

DDIIX vs. VTMFX - Sharpe Ratio Comparison

The current DDIIX Sharpe Ratio is 2.69, which is comparable to the VTMFX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of DDIIX and VTMFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DDIIX vs. VTMFX - Drawdown Comparison

The maximum DDIIX drawdown since its inception was -47.01%, which is greater than VTMFX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for DDIIX and VTMFX.

Drawdown Indicators

	DDIIX	VTMFX	Difference
Max Drawdown Largest peak-to-trough decline	-47.01%	-28.49%	-18.52%
Max Drawdown (1Y) Largest decline over 1 year	-6.46%	-5.38%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-11.62%	-10.61%	-1.01%
Max Drawdown (5Y) Largest decline over 5 years	-15.70%	-17.40%	+1.70%
Max Drawdown (10Y) Largest decline over 10 years	-29.46%	-21.87%	-7.59%
Current Drawdown Current decline from peak	-0.53%	-0.56%	+0.03%
Average Drawdown Average peak-to-trough decline	-6.42%	-3.54%	-2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	1.15%	+0.35%

Volatility

DDIIX vs. VTMFX - Volatility Comparison

Delaware Wealth Builder Fund (DDIIX) has a higher volatility of 3.21% compared to Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) at 2.50%. This indicates that DDIIX's price experiences larger fluctuations and is considered to be riskier than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDIIX	VTMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	2.50%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	6.96%	5.21%	+1.75%
Volatility (1Y) Calculated over the trailing 1-year period	8.52%	6.45%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.55%	8.57%	+1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.27%	9.15%	+2.12%

DDIIX vs. VTMFX - Expense Ratio Comparison

DDIIX has a 0.84% expense ratio, which is higher than VTMFX's 0.05% expense ratio.

Dividends

DDIIX vs. VTMFX - Dividend Comparison

DDIIX's dividend yield for the trailing twelve months is around 6.51%, more than VTMFX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDIIX Delaware Wealth Builder Fund	6.51%	7.38%	6.40%	4.23%	8.05%	7.15%	2.54%	4.46%	9.67%	2.88%	2.19%	2.79%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	2.12%	2.14%	2.08%	1.94%	1.85%	1.38%	1.72%	2.05%	2.22%	2.00%	2.13%	2.06%

Frequently Asked Questions

Can I hold both DDIIX and VTMFX in my portfolio?

With a correlation of 0.92, DDIIX and VTMFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DDIIX or VTMFX?

DDIIX has higher volatility (3.21%) compared to VTMFX (2.50%). In terms of maximum drawdown, DDIIX dropped -47.01% vs VTMFX's -28.49%.

Which has better risk-adjusted returns?

DDIIX currently has the higher Sharpe Ratio (2.69 vs 2.45), 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.