DDVIX vs. OILVX

Last updated Jun 4, 2026

DDVIX (Delaware Value Fund) and OILVX (Optimum Large Cap Value Fund) are both Large Cap Value Equities funds from Delaware Funds. Over the past 10 years, DDVIX returned 7.84%/yr vs 10.68%/yr for OILVX. Their correlation of 0.94 suggests significant overlap in exposure. DDVIX charges 0.68%/yr vs 0.92%/yr for OILVX.

Performance

DDVIX vs. OILVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Value Fund (DDVIX) and Optimum Large Cap Value Fund (OILVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDVIX achieves a 5.83% return, which is significantly lower than OILVX's 7.10% return. Over the past 10 years, DDVIX has underperformed OILVX with an annualized return of 7.84%, while OILVX has yielded a comparatively higher 10.68% annualized return.

DDVIX

• 1D: 0.56%
• 1M: -0.40%
• YTD: 5.83%
• 6M: 6.63%
• 1Y: 18.09%
• 3Y*: 10.44%
• 5Y*: 5.49%
• 10Y*: 7.84%

OILVX

• 1D: 0.57%
• 1M: 1.83%
• YTD: 7.10%
• 6M: 8.55%
• 1Y: 18.96%
• 3Y*: 15.24%
• 5Y*: 9.22%
• 10Y*: 10.68%

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

DDVIX vs. OILVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDVIX Delaware Value Fund	5.83%	11.38%	6.76%	2.09%	-3.60%	22.05%	0.65%	20.26%	-2.99%	13.64%
OILVX Optimum Large Cap Value Fund	7.10%	14.79%	13.63%	9.90%	-6.05%	27.17%	3.39%	27.97%	-9.38%	16.40%

Correlation

The correlation between DDVIX and OILVX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 24, 2003	0.94

The correlation between DDVIX and OILVX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

DDVIX vs. OILVX — Risk / Return Rank

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

DDVIX

DDVIX Risk / Return Rank: 30
DDVIX Sharpe Ratio Rank: 30
DDVIX Sortino Ratio Rank: 31
DDVIX Omega Ratio Rank: 29
DDVIX Calmar Ratio Rank: 35
DDVIX Martin Ratio Rank: 28

OILVX

OILVX Risk / Return Rank: 45
OILVX Sharpe Ratio Rank: 42
OILVX Sortino Ratio Rank: 41
OILVX Omega Ratio Rank: 39
OILVX Calmar Ratio Rank: 52
OILVX Martin Ratio Rank: 54

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.

DDVIX vs. OILVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Value Fund (DDVIX) and Optimum Large Cap Value Fund (OILVX). 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.

	DDVIX	OILVX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.90	-0.33
Sortino ratio: Return per unit of downside risk	2.30	2.70	-0.40
Omega ratio: Gain probability vs. loss probability	1.28	1.34	-0.05
Calmar ratio: Return relative to maximum drawdown	2.22	2.75	-0.53
Martin ratio: Return relative to average drawdown	6.61	10.96	-4.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DDVIX vs. OILVX - Sharpe Ratio Comparison

The current DDVIX Sharpe Ratio is 1.57, which is comparable to the OILVX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of DDVIX and OILVX, 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

	DDVIX	OILVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.90	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.54	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.59	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.47	-0.03

Drawdowns

DDVIX vs. OILVX - Drawdown Comparison

The maximum DDVIX drawdown since its inception was -53.49%, smaller than the maximum OILVX drawdown of -56.56%. Use the drawdown chart below to compare losses from any high point for DDVIX and OILVX.

Drawdown Indicators

	DDVIX	OILVX	Difference
Max Drawdown Largest peak-to-trough decline	-53.49%	-56.56%	+3.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-7.11%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-14.78%	-3.57%
Max Drawdown (5Y) Largest decline over 5 years	-18.35%	-18.17%	-0.18%
Max Drawdown (10Y) Largest decline over 10 years	-37.52%	-36.99%	-0.53%
Current Drawdown Current decline from peak	-4.06%	-0.52%	-3.54%
Average Drawdown Average peak-to-trough decline	-8.17%	-7.31%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	1.78%	+1.05%

Volatility

DDVIX vs. OILVX - Volatility Comparison

Delaware Value Fund (DDVIX) has a higher volatility of 3.18% compared to Optimum Large Cap Value Fund (OILVX) at 2.57%. This indicates that DDVIX's price experiences larger fluctuations and is considered to be riskier than OILVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDVIX	OILVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	2.57%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	8.90%	7.77%	+1.13%
Volatility (1Y) Calculated over the trailing 1-year period	11.97%	10.31%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	17.32%	-2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.12%	18.18%	-1.06%

DDVIX vs. OILVX - Expense Ratio Comparison

DDVIX has a 0.68% expense ratio, which is lower than OILVX's 0.92% expense ratio.

Dividends

DDVIX vs. OILVX - Dividend Comparison

DDVIX's dividend yield for the trailing twelve months is around 26.63%, more than OILVX's 7.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDVIX Delaware Value Fund	26.63%	28.24%	32.45%	11.92%	10.60%	25.18%	3.11%	4.87%	6.45%	4.02%	2.51%	2.75%
OILVX Optimum Large Cap Value Fund	7.25%	7.76%	7.30%	16.51%	6.33%	7.55%	2.02%	2.74%	4.72%	5.68%	13.20%	1.28%

Frequently Asked Questions

Can I hold both DDVIX and OILVX in my portfolio?

With a correlation of 0.93, DDVIX and OILVX 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, DDVIX or OILVX?

DDVIX has higher volatility (3.18%) compared to OILVX (2.57%). In terms of maximum drawdown, DDVIX dropped -53.49% vs OILVX's -56.56%.

Which has better risk-adjusted returns?

OILVX currently has the higher Sharpe Ratio (1.90 vs 1.57), 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.