DEMIX vs. WLGAX

Last updated Jun 5, 2026

DEMIX (Delaware Emerging Markets Fund) and WLGAX (Delaware Ivy Large Cap Growth Fund) are both mutual funds - DEMIX is a Emerging Markets Diversified fund managed by Delaware Funds, while WLGAX is a Large Cap Growth Equities fund managed by Delaware Funds. Over the past 10 years, DEMIX returned 21.79%/yr vs 15.96%/yr for WLGAX. A 0.61 correlation means they provide meaningful diversification when combined. DEMIX charges 1.26%/yr vs 0.89%/yr for WLGAX.

Performance

DEMIX vs. WLGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Emerging Markets Fund (DEMIX) and Delaware Ivy Large Cap Growth Fund (WLGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEMIX achieves a 112.69% return, which is significantly higher than WLGAX's 0.82% return. Over the past 10 years, DEMIX has outperformed WLGAX with an annualized return of 21.79%, while WLGAX has yielded a comparatively lower 15.96% annualized return.

DEMIX

• 1D: -0.09%
• 1M: 21.16%
• YTD: 112.69%
• 6M: 130.98%
• 1Y: 242.60%
• 3Y*: 66.78%
• 5Y*: 25.92%
• 10Y*: 21.79%

WLGAX

• 1D: -1.31%
• 1M: 3.46%
• YTD: 0.82%
• 6M: 1.18%
• 1Y: 9.54%
• 3Y*: 15.71%
• 5Y*: 10.49%
• 10Y*: 15.96%

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

DEMIX vs. WLGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEMIX Delaware Emerging Markets Fund	112.69%	86.79%	6.52%	17.59%	-28.66%	-2.08%	26.09%	24.33%	-17.10%	41.98%
WLGAX Delaware Ivy Large Cap Growth Fund	0.82%	8.89%	25.97%	37.78%	-27.04%	29.95%	30.75%	36.52%	2.37%	29.02%

Correlation

The correlation between DEMIX and WLGAX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jul 3, 2000	0.61

The correlation between DEMIX and WLGAX shifts across timeframes, from 0.41 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DEMIX vs. WLGAX — Risk / Return Rank

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

DEMIX

DEMIX Risk / Return Rank: 98
DEMIX Sharpe Ratio Rank: 100
DEMIX Sortino Ratio Rank: 96
DEMIX Omega Ratio Rank: 96
DEMIX Calmar Ratio Rank: 99
DEMIX Martin Ratio Rank: 99

WLGAX

WLGAX Risk / Return Rank: 8
WLGAX Sharpe Ratio Rank: 9
WLGAX Sortino Ratio Rank: 8
WLGAX Omega Ratio Rank: 9
WLGAX Calmar Ratio Rank: 6
WLGAX Martin Ratio Rank: 7

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.

DEMIX vs. WLGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Emerging Markets Fund (DEMIX) and Delaware Ivy Large Cap Growth Fund (WLGAX). 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	WLGAX	Difference
Sharpe ratio: Return per unit of total volatility	6.68	0.71	+5.97
Sortino ratio: Return per unit of downside risk	5.50	1.03	+4.46
Omega ratio: Gain probability vs. loss probability	1.88	1.13	+0.74
Calmar ratio: Return relative to maximum drawdown	12.21	0.55	+11.65
Martin ratio: Return relative to average drawdown	46.39	1.67	+44.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEMIX vs. WLGAX - Sharpe Ratio Comparison

The current DEMIX Sharpe Ratio is 6.68, which is higher than the WLGAX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of DEMIX and WLGAX, 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

	DEMIX	WLGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.68	0.71	+5.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	0.51	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.95	0.77	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.47	+0.07

Drawdowns

DEMIX vs. WLGAX - Drawdown Comparison

The maximum DEMIX drawdown since its inception was -63.15%, which is greater than WLGAX's maximum drawdown of -49.78%. Use the drawdown chart below to compare losses from any high point for DEMIX and WLGAX.

Drawdown Indicators

	DEMIX	WLGAX	Difference
Max Drawdown Largest peak-to-trough decline	-63.15%	-49.78%	-13.37%
Max Drawdown (1Y) Largest decline over 1 year	-21.01%	-18.12%	-2.89%
Max Drawdown (3Y) Largest decline over 3 years	-22.62%	-19.31%	-3.31%
Max Drawdown (5Y) Largest decline over 5 years	-43.95%	-37.00%	-6.95%
Max Drawdown (10Y) Largest decline over 10 years	-46.29%	-37.00%	-9.29%
Current Drawdown Current decline from peak	-0.09%	-2.36%	+2.27%
Average Drawdown Average peak-to-trough decline	-18.45%	-13.13%	-5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.51%	5.99%	-0.48%

Volatility

DEMIX vs. WLGAX - Volatility Comparison

Delaware Emerging Markets Fund (DEMIX) has a higher volatility of 15.68% compared to Delaware Ivy Large Cap Growth Fund (WLGAX) at 3.89%. This indicates that DEMIX's price experiences larger fluctuations and is considered to be riskier than WLGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEMIX	WLGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.68%	3.89%	+11.79%
Volatility (6M) Calculated over the trailing 6-month period	33.83%	11.38%	+22.45%
Volatility (1Y) Calculated over the trailing 1-year period	38.40%	14.22%	+24.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.33%	20.61%	+4.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.14%	20.69%	+2.45%

DEMIX vs. WLGAX - Expense Ratio Comparison

DEMIX has a 1.26% expense ratio, which is higher than WLGAX's 0.89% expense ratio.

Dividends

DEMIX vs. WLGAX - Dividend Comparison

DEMIX's dividend yield for the trailing twelve months is around 8.92%, more than WLGAX's 8.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEMIX Delaware Emerging Markets Fund	8.92%	18.97%	1.99%	2.95%	1.89%	3.42%	0.87%	0.80%	0.65%	1.80%	0.94%	0.30%
WLGAX Delaware Ivy Large Cap Growth Fund	8.34%	8.41%	3.31%	3.07%	12.91%	9.68%	6.56%	12.84%	14.16%	4.45%	5.19%	6.43%

Frequently Asked Questions

Can I hold both DEMIX and WLGAX in my portfolio?

DEMIX and WLGAX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEMIX or WLGAX?

DEMIX has higher volatility (15.68%) compared to WLGAX (3.89%). In terms of maximum drawdown, DEMIX dropped -63.15% vs WLGAX's -49.78%.

Which has better risk-adjusted returns?

DEMIX currently has the higher Sharpe Ratio (6.68 vs 0.71), 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.