DPDFX vs. DDFLX
DPDFX (Delaware Diversified Income Fund) and DDFLX (Delaware Floating Rate Fund) are both mutual funds - DPDFX is a Intermediate Core-Plus Bond fund managed by Delaware Funds, while DDFLX is a Bank Loan fund managed by Delaware Funds. Over the past 10 years, DPDFX returned 2.36%/yr vs 5.35%/yr for DDFLX. Their 0.20 correlation means their historical movements had little consistent relationship. DPDFX charges 0.70%/yr vs 0.67%/yr for DDFLX.
Performance
DPDFX vs. DDFLX - Performance Comparison
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Returns By Period
In the year-to-date period, DPDFX achieves a -0.75% return, which is significantly lower than DDFLX's 2.18% return. Over the past 10 years, DPDFX has underperformed DDFLX with an annualized return of 2.36%, while DDFLX has yielded a comparatively higher 5.35% annualized return.
DPDFX
- 1D
- 0.00%
- 1M
- -1.44%
- 6M
- -1.08%
- YTD
- -0.75%
- 1Y
- 1.89%
- 3Y*
- 3.92%
- 5Y*
- 0.15%
- 10Y*
- 2.36%
- ALL TIME*
- 5.25%
DDFLX
- 1D
- 0.00%
- 1M
- 0.13%
- 6M
- 2.26%
- YTD
- 2.18%
- 1Y
- 4.76%
- 3Y*
- 7.29%
- 5Y*
- 5.77%
- 10Y*
- 5.35%
- ALL TIME*
- 3.89%
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 |
DPDFX vs. DDFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DPDFX Delaware Diversified Income Fund | -0.75% | 7.39% | 1.91% | 6.05% | -13.93% | 1.64% | 10.96% | 11.98% | -1.98% | 5.34% |
DDFLX Delaware Floating Rate Fund | 2.18% | 6.01% | 8.92% | 10.75% | -0.62% | 5.46% | 3.17% | 10.69% | 1.26% | 4.55% |
Correlation
The correlation between DPDFX and DDFLX is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2010 | 0.20 |
The correlation between DPDFX and DDFLX shifts across timeframes, from 0.10 (1 year) to 0.22 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
DPDFX vs. DDFLX — Risk / Return Rank
DPDFX
DDFLX
DPDFX vs. DDFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Diversified Income Fund (DPDFX) and Delaware Floating Rate Fund (DDFLX). 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.
| DPDFX | DDFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -4.36 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.92 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 4.78 | -3.69 |
| Martin ratioReturn relative to average drawdown | 2.80 | 17.07 | -14.27 |
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Drawdowns
DPDFX vs. DDFLX - Drawdown Comparison
The maximum DPDFX drawdown since its inception was -18.64%, roughly equal to the maximum DDFLX drawdown of -18.09%. Use the drawdown chart below to compare losses from any high point for DPDFX and DDFLX.
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Drawdown Indicators
| DPDFX | DDFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.64% | -18.09% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -1.11% | -1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -5.89% | -2.05% | -3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -18.64% | -5.18% | -13.46% |
Max Drawdown (10Y)Largest decline over 10 years | -18.64% | -18.09% | -0.55% |
Current DrawdownCurrent decline from peak | -2.39% | -0.13% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -0.67% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.31% | +0.78% |
Volatility
DPDFX vs. DDFLX - Volatility Comparison
Delaware Diversified Income Fund (DPDFX) has a higher volatility of 1.04% compared to Delaware Floating Rate Fund (DDFLX) at 0.32%. This indicates that DPDFX's price experiences larger fluctuations and is considered to be riskier than DDFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DPDFX | DDFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.32% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 1.63% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 2.25% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 2.71% | +3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 3.51% | +1.55% |
DPDFX vs. DDFLX - Expense Ratio Comparison
DPDFX has a 0.70% expense ratio, which is higher than DDFLX's 0.67% expense ratio.
Dividends
DPDFX vs. DDFLX - Dividend Comparison
DPDFX's dividend yield for the trailing twelve months is around 4.06%, less than DDFLX's 6.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDFLX Delaware Floating Rate Fund | 6.06% | 7.21% | 8.62% | 7.17% | 5.04% | 3.96% | 4.89% | 6.54% | 5.73% | 4.33% | 2.09% | 2.34% |
DPDFX Delaware Diversified Income Fund | 4.06% | 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
DPDFX and DDFLX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DPDFX has higher volatility (1.04%) compared to DDFLX (0.32%). In terms of maximum drawdown, DPDFX dropped -18.64% vs DDFLX's -18.09%.
DDFLX currently has the higher Sharpe Ratio (2.36 vs 0.79), 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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