DEFFX vs. IBNAX
Compare and contrast key facts about Delaware Tax-Free Minnesota Fund (DEFFX) and Delaware Ivy Balanced Fund (IBNAX).
DEFFX is managed by Delaware Funds by Macquarie. It was launched on Feb 26, 1984. IBNAX is managed by Delaware Funds by Macquarie. It was launched on Nov 15, 1987.
Performance
DEFFX vs. IBNAX - Performance Comparison
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DEFFX vs. IBNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEFFX Delaware Tax-Free Minnesota Fund | -0.77% | 4.51% | 3.36% | 4.20% | -9.79% | 2.13% | 4.02% | 7.35% | 0.89% | 5.36% |
IBNAX Delaware Ivy Balanced Fund | -3.32% | 12.17% | 15.68% | 16.19% | -16.41% | 16.22% | 14.34% | 22.13% | -3.32% | 11.37% |
Returns By Period
In the year-to-date period, DEFFX achieves a -0.77% return, which is significantly higher than IBNAX's -3.32% return. Over the past 10 years, DEFFX has underperformed IBNAX with an annualized return of 1.90%, while IBNAX has yielded a comparatively higher 8.26% annualized return.
DEFFX
- 1D
- 0.37%
- 1M
- -2.66%
- YTD
- -0.77%
- 6M
- 0.95%
- 1Y
- 3.33%
- 3Y*
- 3.07%
- 5Y*
- 0.61%
- 10Y*
- 1.90%
IBNAX
- 1D
- 2.19%
- 1M
- -3.99%
- YTD
- -3.32%
- 6M
- -3.01%
- 1Y
- 9.17%
- 3Y*
- 11.71%
- 5Y*
- 6.07%
- 10Y*
- 8.26%
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DEFFX vs. IBNAX - Expense Ratio Comparison
DEFFX has a 0.85% expense ratio, which is lower than IBNAX's 1.10% expense ratio.
Return for Risk
DEFFX vs. IBNAX — Risk / Return Rank
DEFFX
IBNAX
DEFFX vs. IBNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Tax-Free Minnesota Fund (DEFFX) and Delaware Ivy Balanced Fund (IBNAX). 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.
| DEFFX | IBNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 0.87 | -0.28 |
Sortino ratioReturn per unit of downside risk | 0.82 | 1.28 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.36 | -0.58 |
Martin ratioReturn relative to average drawdown | 2.27 | 5.15 | -2.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DEFFX | IBNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.87 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.30 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.50 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.34 | +0.80 |
Correlation
The correlation between DEFFX and IBNAX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DEFFX vs. IBNAX - Dividend Comparison
DEFFX's dividend yield for the trailing twelve months is around 3.62%, more than IBNAX's 3.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEFFX Delaware Tax-Free Minnesota Fund | 3.62% | 4.69% | 3.94% | 2.81% | 2.59% | 2.18% | 2.77% | 3.63% | 3.51% | 4.33% | 3.26% | 3.52% |
IBNAX Delaware Ivy Balanced Fund | 3.21% | 3.10% | 1.86% | 1.11% | 26.49% | 11.58% | 6.76% | 7.70% | 11.85% | 4.62% | 2.31% | 6.20% |
Drawdowns
DEFFX vs. IBNAX - Drawdown Comparison
The maximum DEFFX drawdown since its inception was -14.70%, smaller than the maximum IBNAX drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for DEFFX and IBNAX.
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Drawdown Indicators
| DEFFX | IBNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.70% | -52.04% | +37.34% |
Max Drawdown (1Y)Largest decline over 1 year | -6.37% | -7.42% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -14.70% | -28.04% | +13.34% |
Max Drawdown (10Y)Largest decline over 10 years | -14.70% | -28.04% | +13.34% |
Current DrawdownCurrent decline from peak | -3.00% | -5.39% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -10.52% | +8.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 1.97% | +0.24% |
Volatility
DEFFX vs. IBNAX - Volatility Comparison
The current volatility for Delaware Tax-Free Minnesota Fund (DEFFX) is 1.48%, while Delaware Ivy Balanced Fund (IBNAX) has a volatility of 4.28%. This indicates that DEFFX experiences smaller price fluctuations and is considered to be less risky than IBNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEFFX | IBNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 4.28% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 7.04% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.63% | 11.25% | -4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 20.05% | -15.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 16.62% | -12.31% |