DGCIX vs. ACISX
DGCIX (Delaware Corporate Bond Fund) and ACISX (AB Corporate Income Shares) are both Corporate Bonds funds. Over the past 10 years, DGCIX returned 2.92%/yr vs 2.94%/yr for ACISX. Their correlation of 0.89 suggests significant overlap in exposure. DGCIX charges 0.57%/yr vs 0.00%/yr for ACISX.
Performance
DGCIX vs. ACISX - Performance Comparison
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Returns By Period
In the year-to-date period, DGCIX achieves a 0.43% return, which is significantly lower than ACISX's 0.67% return. Both investments have delivered pretty close results over the past 10 years, with DGCIX having a 2.92% annualized return and ACISX not far ahead at 2.94%.
DGCIX
- 1D
- -0.33%
- 1M
- 0.68%
- YTD
- 0.43%
- 6M
- 0.91%
- 1Y
- 4.92%
- 3Y*
- 5.04%
- 5Y*
- -0.14%
- 10Y*
- 2.92%
ACISX
- 1D
- -0.30%
- 1M
- 0.84%
- YTD
- 0.67%
- 6M
- 1.21%
- 1Y
- 5.70%
- 3Y*
- 5.79%
- 5Y*
- 0.46%
- 10Y*
- 2.94%
DGCIX vs. ACISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGCIX Delaware Corporate Bond Fund | 0.43% | 6.89% | 2.81% | 7.08% | -16.87% | -0.65% | 11.99% | 17.38% | -3.78% | 7.91% |
ACISX AB Corporate Income Shares | 0.67% | 8.44% | 3.04% | 7.65% | -16.27% | -1.23% | 11.27% | 16.95% | -2.81% | 6.19% |
Correlation
The correlation between DGCIX and ACISX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2012 | 0.89 |
The correlation between DGCIX and ACISX has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.
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Return for Risk
DGCIX vs. ACISX — Risk / Return Rank
DGCIX
ACISX
DGCIX vs. ACISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Corporate Bond Fund (DGCIX) and AB Corporate Income Shares (ACISX). 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.
| DGCIX | ACISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.82 | -0.31 |
| Martin ratioReturn relative to average drawdown | 5.08 | 5.90 | -0.81 |
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Drawdowns
DGCIX vs. ACISX - Drawdown Comparison
The maximum DGCIX drawdown since its inception was -22.98%, roughly equal to the maximum ACISX drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for DGCIX and ACISX.
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Drawdown Indicators
| DGCIX | ACISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.98% | -22.65% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.26% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -6.37% | -6.56% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -22.98% | -22.65% | -0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -22.98% | -22.65% | -0.33% |
Current DrawdownCurrent decline from peak | -3.26% | -1.11% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -4.45% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.00% | +0.01% |
Volatility
DGCIX vs. ACISX - Volatility Comparison
Delaware Corporate Bond Fund (DGCIX) has a higher volatility of 1.24% compared to AB Corporate Income Shares (ACISX) at 1.17%. This indicates that DGCIX's price experiences larger fluctuations and is considered to be riskier than ACISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGCIX | ACISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.17% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | 3.18% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.25% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.47% | 6.49% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.04% | 6.01% | +0.03% |
DGCIX vs. ACISX - Expense Ratio Comparison
DGCIX has a 0.57% expense ratio, which is higher than ACISX's 0.00% expense ratio.
Dividends
DGCIX vs. ACISX - Dividend Comparison
DGCIX's dividend yield for the trailing twelve months is around 5.12%, which matches ACISX's 5.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACISX AB Corporate Income Shares | 5.08% | 5.10% | 4.97% | 3.66% | 3.48% | 3.44% | 5.62% | 4.77% | 3.99% | 3.28% | 3.54% | 3.63% |
DGCIX Delaware Corporate Bond Fund | 5.12% | 5.06% | 4.84% | 3.78% | 3.81% | 4.56% | 3.72% | 4.54% | 4.18% | 4.11% | 3.63% | 4.17% |
Frequently Asked Questions
With a correlation of 0.97, DGCIX and ACISX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DGCIX has higher volatility (1.24%) compared to ACISX (1.17%). In terms of maximum drawdown, DGCIX dropped -22.98% vs ACISX's -22.65%.
ACISX currently has the higher Sharpe Ratio (1.40 vs 1.19), 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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