DEMIX vs. IEF
DEMIX (Delaware Emerging Markets Fund) and IEF (iShares 7-10 Year Treasury Bond ETF) are both funds - DEMIX is a Emerging Markets Diversified fund managed by Delaware Funds, while IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Over the past 10 years, DEMIX returned 19.96%/yr vs 0.56%/yr for IEF. At a correlation of -0.21, they often move in opposite directions. DEMIX charges 1.26%/yr vs 0.15%/yr for IEF.
Performance
DEMIX vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, DEMIX achieves a 83.98% return, which is significantly higher than IEF's -0.89% return. Over the past 10 years, DEMIX has outperformed IEF with an annualized return of 19.96%, while IEF has yielded a comparatively lower 0.56% annualized return.
DEMIX
- 1D
- 0.42%
- 1M
- -1.58%
- YTD
- 83.98%
- 6M
- 95.88%
- 1Y
- 188.29%
- 3Y*
- 58.22%
- 5Y*
- 22.72%
- 10Y*
- 19.96%
IEF
- 1D
- 0.28%
- 1M
- -0.91%
- YTD
- -0.89%
- 6M
- -0.54%
- 1Y
- 4.01%
- 3Y*
- 2.52%
- 5Y*
- -1.36%
- 10Y*
- 0.56%
DEMIX vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEMIX Delaware Emerging Markets Fund | 83.98% | 86.79% | 6.52% | 17.59% | -28.66% | -2.08% | 26.09% | 24.33% | -17.10% | 41.98% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.89% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
Correlation
The correlation between DEMIX and IEF is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.21 |
The correlation between DEMIX and IEF shifts across timeframes, from -0.21 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DEMIX vs. IEF — Risk / Return Rank
DEMIX
IEF
DEMIX vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Emerging Markets Fund (DEMIX) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.
| DEMIX | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.15 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 9.15 | 0.99 | +8.16 |
| Martin ratioReturn relative to average drawdown | 33.95 | 2.83 | +31.12 |
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
| DEMIX | IEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.73 | 0.86 | +3.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | -0.18 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.08 | +0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.50 | +0.01 |
Drawdowns
DEMIX vs. IEF - Drawdown Comparison
The maximum DEMIX drawdown since its inception was -63.15%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for DEMIX and IEF.
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Drawdown Indicators
| DEMIX | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.15% | -23.93% | -39.22% |
Max Drawdown (1Y)Largest decline over 1 year | -21.01% | -4.07% | -16.94% |
Max Drawdown (3Y)Largest decline over 3 years | -22.62% | -7.74% | -14.88% |
Max Drawdown (5Y)Largest decline over 5 years | -43.71% | -21.40% | -22.31% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -23.93% | -22.36% |
Current DrawdownCurrent decline from peak | -13.58% | -11.55% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -18.45% | -5.35% | -13.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 1.42% | +4.22% |
Volatility
DEMIX vs. IEF - Volatility Comparison
Delaware Emerging Markets Fund (DEMIX) has a higher volatility of 20.43% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.52%. This indicates that DEMIX's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEMIX | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.43% | 1.52% | +18.91% |
Volatility (6M)Calculated over the trailing 6-month period | 36.87% | 3.37% | +33.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.72% | 4.69% | +36.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.00% | 7.71% | +18.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.50% | 6.63% | +16.87% |
DEMIX vs. IEF - Expense Ratio Comparison
DEMIX has a 1.26% expense ratio, which is higher than IEF's 0.15% expense ratio.
Dividends
DEMIX vs. IEF - Dividend Comparison
DEMIX's dividend yield for the trailing twelve months is around 10.31%, more than IEF's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEMIX Delaware Emerging Markets Fund | 10.31% | 18.97% | 1.99% | 2.95% | 1.89% | 3.42% | 0.87% | 0.80% | 0.65% | 1.80% | 0.94% | 0.30% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.91% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Frequently Asked Questions
DEMIX and IEF have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEMIX has higher volatility (20.43%) compared to IEF (1.52%). In terms of maximum drawdown, DEMIX dropped -63.15% vs IEF's -23.93%.
DEMIX currently has the higher Sharpe Ratio (4.73 vs 0.86), 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.
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