DMUSX vs. WLGAX
DMUSX (Delaware Tax Free USA Intermediate Fund) and WLGAX (Delaware Ivy Large Cap Growth Fund) are both mutual funds - DMUSX is a Municipal Bonds fund managed by Delaware Funds, while WLGAX is a Large Cap Growth Equities fund managed by Delaware Funds. Over the past 10 years, DMUSX returned 2.12%/yr vs 15.24%/yr for WLGAX. Their -0.07 correlation means they have often moved in opposite directions in the past. DMUSX charges 0.71%/yr vs 0.89%/yr for WLGAX.
Performance
DMUSX vs. WLGAX - Performance Comparison
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Returns By Period
In the year-to-date period, DMUSX achieves a 0.57% return, which is significantly higher than WLGAX's -2.03% return. Over the past 10 years, DMUSX has underperformed WLGAX with an annualized return of 2.12%, while WLGAX has yielded a comparatively higher 15.24% annualized return.
DMUSX
- 1D
- -0.09%
- 1M
- -1.84%
- 6M
- 0.10%
- YTD
- 0.57%
- 1Y
- 6.45%
- 3Y*
- 3.84%
- 5Y*
- 0.28%
- 10Y*
- 2.12%
- ALL TIME*
- 3.95%
WLGAX
- 1D
- -1.08%
- 1M
- -0.42%
- 6M
- 0.22%
- YTD
- -2.03%
- 1Y
- -0.01%
- 3Y*
- 12.63%
- 5Y*
- 8.09%
- 10Y*
- 15.24%
- ALL TIME*
- 9.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DMUSX vs. WLGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DMUSX Delaware Tax Free USA Intermediate Fund | 0.57% | 3.26% | 3.82% | 7.31% | -12.19% | 3.25% | 6.03% | 8.40% | 1.14% | 5.56% |
WLGAX Delaware Ivy Large Cap Growth Fund | -2.03% | 8.89% | 25.97% | 37.78% | -27.04% | 29.95% | 30.75% | 36.52% | 2.37% | 29.02% |
Correlation
The correlation between DMUSX and WLGAX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2000 | -0.07 |
The correlation between DMUSX and WLGAX shifts across timeframes, from -0.07 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DMUSX vs. WLGAX — Risk / Return Rank
DMUSX
WLGAX
DMUSX vs. WLGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Tax Free USA Intermediate Fund (DMUSX) 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.
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.
| DMUSX | WLGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.01 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | -0.00 | +2.02 |
| Martin ratioReturn relative to average drawdown | 6.69 | -0.01 | +6.70 |
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Drawdowns
DMUSX vs. WLGAX - Drawdown Comparison
The maximum DMUSX drawdown since its inception was -16.39%, smaller than the maximum WLGAX drawdown of -49.78%. Use the drawdown chart below to compare losses from any high point for DMUSX and WLGAX.
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Drawdown Indicators
| DMUSX | WLGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.39% | -49.78% | +33.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -18.12% | +14.94% |
Max Drawdown (3Y)Largest decline over 3 years | -5.99% | -19.31% | +13.32% |
Max Drawdown (5Y)Largest decline over 5 years | -16.39% | -37.00% | +20.61% |
Max Drawdown (10Y)Largest decline over 10 years | -16.39% | -37.00% | +20.61% |
Current DrawdownCurrent decline from peak | -1.84% | -5.12% | +3.28% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -13.07% | +11.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 6.23% | -5.28% |
Volatility
DMUSX vs. WLGAX - Volatility Comparison
The current volatility for Delaware Tax Free USA Intermediate Fund (DMUSX) is 1.05%, while Delaware Ivy Large Cap Growth Fund (WLGAX) has a volatility of 3.67%. This indicates that DMUSX experiences smaller price fluctuations and is considered to be less risky than WLGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMUSX | WLGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 3.67% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 12.39% | -9.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 15.25% | -12.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 20.76% | -16.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 20.71% | -16.46% |
DMUSX vs. WLGAX - Expense Ratio Comparison
DMUSX has a 0.71% expense ratio, which is lower than WLGAX's 0.89% expense ratio.
Dividends
DMUSX vs. WLGAX - Dividend Comparison
DMUSX's dividend yield for the trailing twelve months is around 4.00%, less than WLGAX's 8.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMUSX Delaware Tax Free USA Intermediate Fund | 4.00% | 5.20% | 4.21% | 3.10% | 3.25% | 2.55% | 3.17% | 3.89% | 3.69% | 3.46% | 2.91% | 2.93% |
WLGAX Delaware Ivy Large Cap Growth Fund | 8.59% | 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
DMUSX and WLGAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WLGAX has higher volatility (3.67%) compared to DMUSX (1.05%). In terms of maximum drawdown, DMUSX dropped -16.39% vs WLGAX's -49.78%.
DMUSX currently has the higher Sharpe Ratio (1.97 vs -0.01), 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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