DEEIX vs. WMGAX

Last updated Aug 1, 2026

DEEIX (Delaware Extended Duration Bond Fund) and WMGAX (Delaware Ivy Mid Cap Growth Fund) are both mutual funds - DEEIX is a Long-Term Bond fund managed by Delaware Funds, while WMGAX is a Mid Cap Growth Equities fund managed by Delaware Funds. Over the past 10 years, DEEIX returned 1.16%/yr vs 10.70%/yr for WMGAX. Their -0.10 correlation means they have often moved in opposite directions in the past. DEEIX charges 0.57%/yr vs 1.12%/yr for WMGAX.

Performance

DEEIX vs. WMGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Extended Duration Bond Fund (DEEIX) and Delaware Ivy Mid Cap Growth Fund (WMGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEEIX achieves a -2.81% return, which is significantly lower than WMGAX's -0.26% return. Over the past 10 years, DEEIX has underperformed WMGAX with an annualized return of 1.16%, while WMGAX has yielded a comparatively higher 10.70% annualized return.

DEEIX

• 1D: 0.23%
• 1M: -3.90%
• 6M: -3.16%
• YTD: -2.81%
• 1Y: -0.44%
• 3Y*: 2.11%
• 5Y*: -4.10%
• 10Y*: 1.16%
• ALL TIME*: 5.92%

WMGAX

• 1D: 0.71%
• 1M: -4.08%
• 6M: -2.19%
• YTD: -0.26%
• 1Y: -3.72%
• 3Y*: 3.26%
• 5Y*: -1.44%
• 10Y*: 10.70%
• ALL TIME*: 8.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DEEIX Delaware Extended Duration Bond Fund	$0.00	$0.00	$0.00
WMGAX Delaware Ivy Mid Cap Growth Fund	$0.00	$0.00	$0.00

DEEIX vs. WMGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEEIX Delaware Extended Duration Bond Fund	-2.81%	6.26%	-1.29%	9.21%	-26.47%	-0.70%	15.17%	22.02%	-7.69%	12.61%
WMGAX Delaware Ivy Mid Cap Growth Fund	-0.26%	0.83%	10.02%	19.97%	-30.68%	16.22%	48.56%	38.01%	-0.20%	26.95%

Correlation

The correlation between DEEIX and WMGAX is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.32
Correlation (5Y) Shows whether the relationship held over a longer period.	0.26
Correlation (10Y) Provides a long-term view across more market conditions.	0.11
Correlation (All Time) Calculated using the full available price history since Jun 30, 2000	-0.10

The correlation between DEEIX and WMGAX shifts across timeframes, from -0.10 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DEEIX vs. WMGAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DEEIX

DEEIX Risk / Return Rank: 5
DEEIX Sharpe Ratio Rank: 6
DEEIX Sortino Ratio Rank: 5
DEEIX Omega Ratio Rank: 5
DEEIX Calmar Ratio Rank: 6
DEEIX Martin Ratio Rank: 6

WMGAX

WMGAX Risk / Return Rank: 2
WMGAX Sharpe Ratio Rank: 2
WMGAX Sortino Ratio Rank: 2
WMGAX Omega Ratio Rank: 2
WMGAX Calmar Ratio Rank: 2
WMGAX Martin Ratio Rank: 1

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DEEIX vs. WMGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Extended Duration Bond Fund (DEEIX) and Delaware Ivy Mid Cap Growth Fund (WMGAX). 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.

	DEEIX	WMGAX	Difference
Sharpe ratio: Return per unit of total volatility	0.11	-0.33	+0.44
Sortino ratio: Return per unit of downside risk	0.20	-0.37	+0.58
Omega ratio: Gain probability vs. loss probability	1.02	0.96	+0.06
Calmar ratio: Return relative to maximum drawdown	0.15	-0.37	+0.52
Martin ratio: Return relative to average drawdown	0.36	-0.96	+1.32

DEEIX vs. WMGAX - Sharpe Ratio Comparison

The current DEEIX Sharpe Ratio is 0.11, which is higher than the WMGAX Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of DEEIX and WMGAX, 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

DEEIX vs. WMGAX - Drawdown Comparison

The maximum DEEIX drawdown since its inception was -34.48%, smaller than the maximum WMGAX drawdown of -53.74%. Use the drawdown chart below to compare losses from any high point for DEEIX and WMGAX.

Drawdown Indicators

	DEEIX	WMGAX	Difference
Max Drawdown Largest peak-to-trough decline	-34.48%	-53.74%	+19.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.40%	-16.16%	+10.76%
Max Drawdown (3Y) Largest decline over 3 years	-9.91%	-26.59%	+16.68%
Max Drawdown (5Y) Largest decline over 5 years	-34.48%	-42.95%	+8.47%
Max Drawdown (10Y) Largest decline over 10 years	-34.48%	-42.95%	+8.47%
Current Drawdown Current decline from peak	-19.79%	-17.31%	-2.48%
Average Drawdown Average peak-to-trough decline	-6.51%	-13.63%	+7.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	6.22%	-3.99%

Volatility

DEEIX vs. WMGAX - Volatility Comparison

The current volatility for Delaware Extended Duration Bond Fund (DEEIX) is 1.96%, while Delaware Ivy Mid Cap Growth Fund (WMGAX) has a volatility of 3.06%. This indicates that DEEIX experiences smaller price fluctuations and is considered to be less risky than WMGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEEIX	WMGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.96%	3.06%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	5.55%	13.74%	-8.19%
Volatility (1Y) Calculated over the trailing 1-year period	7.31%	17.87%	-10.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.58%	25.14%	-13.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.59%	23.14%	-12.55%

DEEIX vs. WMGAX - Expense Ratio Comparison

DEEIX has a 0.57% expense ratio, which is lower than WMGAX's 1.12% expense ratio.

Dividends

DEEIX vs. WMGAX - Dividend Comparison

DEEIX's dividend yield for the trailing twelve months is around 4.94%, less than WMGAX's 11.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEEIX Delaware Extended Duration Bond Fund	4.94%	5.05%	4.90%	3.95%	4.35%	7.87%	10.28%	4.79%	4.56%	3.74%	3.75%	4.62%
WMGAX Delaware Ivy Mid Cap Growth Fund	11.13%	11.10%	15.30%	6.66%	11.94%	13.08%	9.97%	5.23%	10.28%	7.92%	3.98%	10.88%

Frequently Asked Questions

Can I hold both DEEIX and WMGAX in my portfolio?

DEEIX and WMGAX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEEIX or WMGAX?

WMGAX has higher volatility (3.06%) compared to DEEIX (1.96%). In terms of maximum drawdown, DEEIX dropped -34.48% vs WMGAX's -53.74%.

Which has better risk-adjusted returns?

DEEIX currently has the higher Sharpe Ratio (0.11 vs -0.33), 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.