FNSTX vs. WTRCX

Last updated Jun 25, 2026

FNSTX (Fidelity Infrastructure Fund) and WTRCX (Delaware Ivy Core Equity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, FNSTX returned 10.43%/yr vs 15.89%/yr for WTRCX. A 0.70 correlation means they provide meaningful diversification when combined. FNSTX charges 1.00%/yr vs 1.75%/yr for WTRCX.

Performance

FNSTX vs. WTRCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Infrastructure Fund (FNSTX) and Delaware Ivy Core Equity Fund (WTRCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNSTX achieves a 9.54% return, which is significantly higher than WTRCX's 8.01% return.

FNSTX

• 1D: -1.61%
• 1M: -0.97%
• YTD: 9.54%
• 6M: 8.76%
• 1Y: 23.33%
• 3Y*: 18.61%
• 5Y*: 10.43%
• 10Y*: —

WTRCX

• 1D: -1.76%
• 1M: 0.00%
• YTD: 8.01%
• 6M: 6.83%
• 1Y: 17.16%
• 3Y*: 27.21%
• 5Y*: 15.89%
• 10Y*: 16.26%

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

FNSTX vs. WTRCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FNSTX Fidelity Infrastructure Fund	9.54%	27.42%	14.43%	8.44%	-7.59%	7.58%	12.80%	5.49%
WTRCX Delaware Ivy Core Equity Fund	8.01%	14.15%	51.17%	22.71%	-18.51%	27.71%	20.70%	5.43%

Correlation

The correlation between FNSTX and WTRCX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019	0.70

The correlation between FNSTX and WTRCX has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.

Return for Risk

FNSTX vs. WTRCX — Risk / Return Rank

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

FNSTX

FNSTX Risk / Return Rank: 42
FNSTX Sharpe Ratio Rank: 34
FNSTX Sortino Ratio Rank: 30
FNSTX Omega Ratio Rank: 33
FNSTX Calmar Ratio Rank: 67
FNSTX Martin Ratio Rank: 47

WTRCX

WTRCX Risk / Return Rank: 28
WTRCX Sharpe Ratio Rank: 27
WTRCX Sortino Ratio Rank: 26
WTRCX Omega Ratio Rank: 27
WTRCX Calmar Ratio Rank: 27
WTRCX Martin Ratio Rank: 34

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.

FNSTX vs. WTRCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Infrastructure Fund (FNSTX) and Delaware Ivy Core Equity Fund (WTRCX). 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.

	FNSTX	WTRCX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.32	+0.23
Sortino ratio: Return per unit of downside risk	2.08	1.87	+0.22
Omega ratio: Gain probability vs. loss probability	1.28	1.24	+0.04
Calmar ratio: Return relative to maximum drawdown	2.96	1.71	+1.26
Martin ratio: Return relative to average drawdown	9.16	6.90	+2.26

FNSTX vs. WTRCX - Sharpe Ratio Comparison

The current FNSTX Sharpe Ratio is 1.55, which is comparable to the WTRCX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of FNSTX and WTRCX, 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

FNSTX vs. WTRCX - Drawdown Comparison

The maximum FNSTX drawdown since its inception was -35.82%, smaller than the maximum WTRCX drawdown of -54.41%. Use the drawdown chart below to compare losses from any high point for FNSTX and WTRCX.

Drawdown Indicators

	FNSTX	WTRCX	Difference
Max Drawdown Largest peak-to-trough decline	-35.82%	-54.41%	+18.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	-11.06%	+2.63%
Max Drawdown (3Y) Largest decline over 3 years	-13.63%	-27.46%	+13.83%
Max Drawdown (5Y) Largest decline over 5 years	-21.97%	-33.66%	+11.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.66%	—
Current Drawdown Current decline from peak	-3.32%	-2.01%	-1.31%
Average Drawdown Average peak-to-trough decline	-5.16%	-20.93%	+15.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	2.72%	0.00%

Volatility

FNSTX vs. WTRCX - Volatility Comparison

Fidelity Infrastructure Fund (FNSTX) and Delaware Ivy Core Equity Fund (WTRCX) have volatilities of 5.90% and 5.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNSTX	WTRCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.90%	5.70%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	13.04%	11.73%	+1.31%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	14.34%	+1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	30.00%	-14.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.78%	25.12%	-6.34%

FNSTX vs. WTRCX - Expense Ratio Comparison

FNSTX has a 1.00% expense ratio, which is lower than WTRCX's 1.75% expense ratio.

Dividends

FNSTX vs. WTRCX - Dividend Comparison

FNSTX's dividend yield for the trailing twelve months is around 3.82%, less than WTRCX's 21.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNSTX Fidelity Infrastructure Fund	3.82%	4.16%	1.59%	1.85%	1.35%	0.63%	0.80%	0.36%	0.00%	0.00%	0.00%	0.00%
WTRCX Delaware Ivy Core Equity Fund	21.20%	22.90%	36.18%	16.84%	19.28%	15.56%	2.66%	12.05%	18.38%	7.10%	3.92%	7.95%

Frequently Asked Questions

Can I hold both FNSTX and WTRCX in my portfolio?

FNSTX and WTRCX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNSTX or WTRCX?

FNSTX has higher volatility (5.90%) compared to WTRCX (5.70%). In terms of maximum drawdown, FNSTX dropped -35.82% vs WTRCX's -54.41%.

Which has better risk-adjusted returns?

FNSTX currently has the higher Sharpe Ratio (1.55 vs 1.32), 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.