DEVLX vs. DPDFX
DEVLX (Delaware Small Cap Value Fund) and DPDFX (Delaware Diversified Income Fund) are both mutual funds - DEVLX is a Small Cap Value Equities fund managed by Delaware Funds, while DPDFX is a Intermediate Core-Plus Bond fund managed by Delaware Funds. Over the past 10 years, DEVLX returned 9.87%/yr vs 2.70%/yr for DPDFX. At a correlation of -0.06, they often move in opposite directions. DEVLX charges 1.11%/yr vs 0.70%/yr for DPDFX.
Performance
DEVLX vs. DPDFX - Performance Comparison
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Returns By Period
In the year-to-date period, DEVLX achieves a 19.44% return, which is significantly higher than DPDFX's 0.62% return. Over the past 10 years, DEVLX has outperformed DPDFX with an annualized return of 9.87%, while DPDFX has yielded a comparatively lower 2.70% annualized return.
DEVLX
- 1D
- 1.46%
- 1M
- 4.06%
- YTD
- 19.44%
- 6M
- 17.08%
- 1Y
- 32.67%
- 3Y*
- 15.69%
- 5Y*
- 8.77%
- 10Y*
- 9.87%
DPDFX
- 1D
- 0.26%
- 1M
- 1.01%
- YTD
- 0.62%
- 6M
- 1.26%
- 1Y
- 5.37%
- 3Y*
- 4.51%
- 5Y*
- 0.64%
- 10Y*
- 2.70%
DEVLX vs. DPDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEVLX Delaware Small Cap Value Fund | 19.44% | 7.66% | 10.87% | 9.22% | -12.46% | 33.85% | -0.79% | 27.85% | -17.70% | 11.69% |
DPDFX Delaware Diversified Income Fund | 0.62% | 7.39% | 1.91% | 6.05% | -13.93% | 1.64% | 10.96% | 11.98% | -1.98% | 5.34% |
Correlation
The correlation between DEVLX and DPDFX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 1997 | -0.06 |
The correlation between DEVLX and DPDFX shifts across timeframes, from -0.06 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DEVLX vs. DPDFX — Risk / Return Rank
DEVLX
DPDFX
DEVLX vs. DPDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Small Cap Value Fund (DEVLX) and Delaware Diversified Income Fund (DPDFX). 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.
| DEVLX | DPDFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 1.93 | +1.57 |
| Martin ratioReturn relative to average drawdown | 12.01 | 5.55 | +6.45 |
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Drawdowns
DEVLX vs. DPDFX - Drawdown Comparison
The maximum DEVLX drawdown since its inception was -60.08%, which is greater than DPDFX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for DEVLX and DPDFX.
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Drawdown Indicators
| DEVLX | DPDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.08% | -18.64% | -41.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -2.81% | -6.63% |
Max Drawdown (3Y)Largest decline over 3 years | -24.80% | -6.91% | -17.89% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -18.64% | -6.16% |
Max Drawdown (10Y)Largest decline over 10 years | -46.48% | -18.64% | -27.84% |
Current DrawdownCurrent decline from peak | 0.00% | -1.05% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -2.20% | -6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 0.97% | +1.77% |
Volatility
DEVLX vs. DPDFX - Volatility Comparison
Delaware Small Cap Value Fund (DEVLX) has a higher volatility of 4.51% compared to Delaware Diversified Income Fund (DPDFX) at 1.25%. This indicates that DEVLX's price experiences larger fluctuations and is considered to be riskier than DPDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEVLX | DPDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 1.25% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 2.91% | +8.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 3.97% | +12.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.95% | 6.15% | +14.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 5.05% | +18.47% |
DEVLX vs. DPDFX - Expense Ratio Comparison
DEVLX has a 1.11% expense ratio, which is higher than DPDFX's 0.70% expense ratio.
Dividends
DEVLX vs. DPDFX - Dividend Comparison
DEVLX's dividend yield for the trailing twelve months is around 11.52%, more than DPDFX's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEVLX Delaware Small Cap Value Fund | 11.52% | 13.76% | 12.67% | 7.54% | 4.37% | 4.43% | 1.37% | 4.29% | 8.80% | 1.34% | 0.52% | 7.01% |
DPDFX Delaware Diversified Income Fund | 4.34% | 4.34% | 4.01% | 3.57% | 3.52% | 5.95% | 3.15% | 4.28% | 4.10% | 3.70% | 3.19% | 3.55% |
Frequently Asked Questions
DEVLX and DPDFX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEVLX has higher volatility (4.51%) compared to DPDFX (1.25%). In terms of maximum drawdown, DEVLX dropped -60.08% vs DPDFX's -18.64%.
DEVLX currently has the higher Sharpe Ratio (1.99 vs 1.37), 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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