DEGGX vs. IBNAX

Last updated Aug 1, 2026

DEGGX (Delaware Strategic Income Fund) and IBNAX (Delaware Ivy Balanced Fund) are both mutual funds - DEGGX is a Multisector Bonds fund managed by Delaware Funds, while IBNAX is a Diversified Portfolio fund managed by Delaware Funds. Over the past 10 years, DEGGX returned 3.55%/yr vs 8.81%/yr for IBNAX. Their 0.02 correlation means their historical movements had little consistent relationship. DEGGX charges 0.90%/yr vs 1.10%/yr for IBNAX.

Performance

DEGGX vs. IBNAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Strategic Income Fund (DEGGX) and Delaware Ivy Balanced Fund (IBNAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEGGX achieves a 0.47% return, which is significantly lower than IBNAX's 5.53% return. Over the past 10 years, DEGGX has underperformed IBNAX with an annualized return of 3.55%, while IBNAX has yielded a comparatively higher 8.81% annualized return.

DEGGX

• 1D: 0.13%
• 1M: -0.93%
• 6M: 0.36%
• YTD: 0.47%
• 1Y: 3.88%
• 3Y*: 6.35%
• 5Y*: 2.30%
• 10Y*: 3.55%
• ALL TIME*: 9.77%

IBNAX

• 1D: 1.32%
• 1M: -0.85%
• 6M: 4.31%
• YTD: 5.53%
• 1Y: 10.75%
• 3Y*: 12.71%
• 5Y*: 6.70%
• 10Y*: 8.81%
• ALL TIME*: 4.90%

*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)
DEGGX Delaware Strategic Income Fund	$0.00	$0.00	$0.00
IBNAX Delaware Ivy Balanced Fund	$0.00	$0.00	$0.00

DEGGX vs. IBNAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEGGX Delaware Strategic Income Fund	0.47%	7.92%	6.56%	8.76%	-10.49%	1.16%	10.12%	13.63%	-4.11%	6.72%
IBNAX Delaware Ivy Balanced Fund	5.53%	12.17%	15.68%	16.19%	-16.41%	16.22%	14.34%	22.13%	-3.32%	11.37%

Correlation

The correlation between DEGGX and IBNAX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.49
Correlation (5Y) Shows whether the relationship held over a longer period.	0.47
Correlation (10Y) Provides a long-term view across more market conditions.	0.35
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996	0.02

Over the past year, DEGGX and IBNAX have become more correlated (0.60) than their long-term average of 0.02, meaning their price movements have been converging.

Return for Risk

DEGGX vs. IBNAX — Risk / Return Rank

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

DEGGX

DEGGX Risk / Return Rank: 66
DEGGX Sharpe Ratio Rank: 66
DEGGX Sortino Ratio Rank: 77
DEGGX Omega Ratio Rank: 78
DEGGX Calmar Ratio Rank: 47
DEGGX Martin Ratio Rank: 60

IBNAX

IBNAX Risk / Return Rank: 31
IBNAX Sharpe Ratio Rank: 30
IBNAX Sortino Ratio Rank: 29
IBNAX Omega Ratio Rank: 28
IBNAX Calmar Ratio Rank: 29
IBNAX Martin Ratio Rank: 37

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.

DEGGX vs. IBNAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Strategic Income Fund (DEGGX) 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.

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.

	DEGGX	IBNAX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	0.99	+0.60
Sortino ratio: Return per unit of downside risk	2.68	1.46	+1.23
Omega ratio: Gain probability vs. loss probability	1.36	1.18	+0.18
Calmar ratio: Return relative to maximum drawdown	1.84	1.35	+0.49
Martin ratio: Return relative to average drawdown	7.95	5.55	+2.40

DEGGX vs. IBNAX - Sharpe Ratio Comparison

The current DEGGX Sharpe Ratio is 1.60, which is higher than the IBNAX Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of DEGGX and IBNAX, 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

DEGGX vs. IBNAX - Drawdown Comparison

The maximum DEGGX drawdown since its inception was -16.81%, smaller than the maximum IBNAX drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for DEGGX and IBNAX.

Drawdown Indicators

	DEGGX	IBNAX	Difference
Max Drawdown Largest peak-to-trough decline	-16.81%	-52.04%	+35.23%
Max Drawdown (1Y) Largest decline over 1 year	-2.43%	-7.42%	+4.99%
Max Drawdown (3Y) Largest decline over 3 years	-3.60%	-10.91%	+7.31%
Max Drawdown (5Y) Largest decline over 5 years	-16.07%	-28.04%	+11.97%
Max Drawdown (10Y) Largest decline over 10 years	-16.81%	-28.04%	+11.23%
Current Drawdown Current decline from peak	-0.93%	-1.83%	+0.90%
Average Drawdown Average peak-to-trough decline	-1.72%	-10.44%	+8.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	1.80%	-1.24%

Volatility

DEGGX vs. IBNAX - Volatility Comparison

The current volatility for Delaware Strategic Income Fund (DEGGX) is 0.59%, while Delaware Ivy Balanced Fund (IBNAX) has a volatility of 2.96%. This indicates that DEGGX 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.

Volatility by Period

	DEGGX	IBNAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	2.96%	-2.37%
Volatility (6M) Calculated over the trailing 6-month period	2.25%	8.39%	-6.14%
Volatility (1Y) Calculated over the trailing 1-year period	2.80%	10.09%	-7.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.12%	20.18%	-16.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.14%	16.70%	-12.56%

DEGGX vs. IBNAX - Expense Ratio Comparison

DEGGX has a 0.90% expense ratio, which is lower than IBNAX's 1.10% expense ratio.

Dividends

DEGGX vs. IBNAX - Dividend Comparison

DEGGX's dividend yield for the trailing twelve months is around 5.62%, more than IBNAX's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEGGX Delaware Strategic Income Fund	5.62%	6.09%	5.91%	4.46%	4.60%	3.78%	4.14%	5.41%	5.32%	4.91%	2.54%	2.77%
IBNAX Delaware Ivy Balanced Fund	2.59%	3.10%	1.86%	1.11%	26.49%	11.58%	6.76%	7.70%	11.85%	4.62%	2.31%	6.20%

Frequently Asked Questions

Can I hold both DEGGX and IBNAX in my portfolio?

DEGGX and IBNAX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEGGX or IBNAX?

IBNAX has higher volatility (2.96%) compared to DEGGX (0.59%). In terms of maximum drawdown, DEGGX dropped -16.81% vs IBNAX's -52.04%.

Which has better risk-adjusted returns?

DEGGX currently has the higher Sharpe Ratio (1.60 vs 0.99), 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.