DPDFX vs. WLGAX

Last updated Jun 23, 2026

DPDFX (Delaware Diversified Income Fund) and WLGAX (Delaware Ivy Large Cap Growth Fund) are both mutual funds - DPDFX is a Intermediate Core-Plus Bond fund managed by Delaware Funds, while WLGAX is a Large Cap Growth Equities fund managed by Delaware Funds. Over the past 10 years, DPDFX returned 2.70%/yr vs 15.95%/yr for WLGAX. At a correlation of -0.03, they often move in opposite directions. DPDFX charges 0.70%/yr vs 0.89%/yr for WLGAX.

Performance

DPDFX vs. WLGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Diversified Income Fund (DPDFX) 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, DPDFX achieves a 0.62% return, which is significantly higher than WLGAX's -1.32% return. Over the past 10 years, DPDFX has underperformed WLGAX with an annualized return of 2.70%, while WLGAX has yielded a comparatively higher 15.95% annualized return.

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%

WLGAX

• 1D: 1.29%
• 1M: -1.53%
• YTD: -1.32%
• 6M: -1.21%
• 1Y: 8.23%
• 3Y*: 14.14%
• 5Y*: 9.66%
• 10Y*: 15.95%

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

DPDFX vs. WLGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
WLGAX Delaware Ivy Large Cap Growth Fund	-1.32%	8.89%	25.97%	37.78%	-27.04%	29.95%	30.75%	36.52%	2.37%	29.02%

Correlation

The correlation between DPDFX and WLGAX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 30, 2000	-0.03

The correlation between DPDFX and WLGAX shifts across timeframes, from -0.03 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DPDFX vs. WLGAX — Risk / Return Rank

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

DPDFX

DPDFX Risk / Return Rank: 27
DPDFX Sharpe Ratio Rank: 26
DPDFX Sortino Ratio Rank: 28
DPDFX Omega Ratio Rank: 25
DPDFX Calmar Ratio Rank: 30
DPDFX Martin Ratio Rank: 25

WLGAX

WLGAX Risk / Return Rank: 6
WLGAX Sharpe Ratio Rank: 7
WLGAX Sortino Ratio Rank: 7
WLGAX Omega Ratio Rank: 7
WLGAX Calmar Ratio Rank: 5
WLGAX Martin Ratio Rank: 6

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.

DPDFX vs. WLGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Diversified Income Fund (DPDFX) 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.

	DPDFX	WLGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.52	+0.85
Sortino ratio: Return per unit of downside risk	2.05	0.79	+1.27
Omega ratio: Gain probability vs. loss probability	1.25	1.10	+0.15
Calmar ratio: Return relative to maximum drawdown	1.93	0.42	+1.51
Martin ratio: Return relative to average drawdown	5.55	1.27	+4.29

DPDFX vs. WLGAX - Sharpe Ratio Comparison

The current DPDFX Sharpe Ratio is 1.37, which is higher than the WLGAX Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of DPDFX 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.

Drawdowns

DPDFX vs. WLGAX - Drawdown Comparison

The maximum DPDFX drawdown since its inception was -18.64%, smaller than the maximum WLGAX drawdown of -49.78%. Use the drawdown chart below to compare losses from any high point for DPDFX and WLGAX.

Drawdown Indicators

	DPDFX	WLGAX	Difference
Max Drawdown Largest peak-to-trough decline	-18.64%	-49.78%	+31.14%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-18.12%	+15.31%
Max Drawdown (3Y) Largest decline over 3 years	-6.91%	-19.31%	+12.40%
Max Drawdown (5Y) Largest decline over 5 years	-18.64%	-37.00%	+18.36%
Max Drawdown (10Y) Largest decline over 10 years	-18.64%	-37.00%	+18.36%
Current Drawdown Current decline from peak	-1.05%	-4.43%	+3.38%
Average Drawdown Average peak-to-trough decline	-2.20%	-13.11%	+10.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	6.07%	-5.10%

Volatility

DPDFX vs. WLGAX - Volatility Comparison

The current volatility for Delaware Diversified Income Fund (DPDFX) is 1.25%, while Delaware Ivy Large Cap Growth Fund (WLGAX) has a volatility of 5.70%. This indicates that DPDFX 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.

Volatility by Period

	DPDFX	WLGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	5.70%	-4.45%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	12.27%	-9.36%
Volatility (1Y) Calculated over the trailing 1-year period	3.97%	14.84%	-10.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.15%	20.71%	-14.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.05%	20.73%	-15.68%

DPDFX vs. WLGAX - Expense Ratio Comparison

DPDFX has a 0.70% expense ratio, which is lower than WLGAX's 0.89% expense ratio.

Dividends

DPDFX vs. WLGAX - Dividend Comparison

DPDFX's dividend yield for the trailing twelve months is around 4.34%, less than WLGAX's 8.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WLGAX Delaware Ivy Large Cap Growth Fund	8.52%	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 DPDFX and WLGAX in my portfolio?

DPDFX and WLGAX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DPDFX or WLGAX?

WLGAX has higher volatility (5.70%) compared to DPDFX (1.25%). In terms of maximum drawdown, DPDFX dropped -18.64% vs WLGAX's -49.78%.

Which has better risk-adjusted returns?

DPDFX currently has the higher Sharpe Ratio (1.37 vs 0.52), 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.