GLEIX vs. IGNAX
GLEIX (Goldman Sachs Energy Infrastructure Fund) and IGNAX (Delaware Ivy Natural Resources Fund) are both mutual funds - GLEIX is a Infrastructure Equities fund managed by Goldman Sachs, while IGNAX is a Energy Equities fund managed by Delaware Funds. Over the past 5 years, GLEIX returned 24.87%/yr vs 15.38%/yr for IGNAX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. GLEIX charges 1.23%/yr vs 1.82%/yr for IGNAX.
Performance
GLEIX vs. IGNAX - Performance Comparison
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Returns By Period
In the year-to-date period, GLEIX achieves a 26.38% return, which is significantly higher than IGNAX's 14.74% return.
GLEIX
- 1D
- 0.31%
- 1M
- 3.06%
- 6M
- 17.52%
- YTD
- 26.38%
- 1Y
- 28.99%
- 3Y*
- 30.14%
- 5Y*
- 24.87%
- 10Y*
- —
- ALL TIME*
- 15.33%
IGNAX
- 1D
- 1.16%
- 1M
- 5.69%
- 6M
- 4.01%
- YTD
- 14.74%
- 1Y
- 45.02%
- 3Y*
- 14.95%
- 5Y*
- 15.38%
- 10Y*
- 7.29%
- ALL TIME*
- 5.35%
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 |
GLEIX vs. IGNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLEIX Goldman Sachs Energy Infrastructure Fund | 26.38% | 5.30% | 58.18% | 15.08% | 18.96% | 38.31% | -17.46% | 16.95% | -15.17% | 6.98% |
IGNAX Delaware Ivy Natural Resources Fund | 14.74% | 38.01% | -0.56% | 1.26% | 17.52% | 26.06% | -12.38% | 9.24% | -23.79% | 9.73% |
Correlation
The correlation between GLEIX and IGNAX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.75 |
Over the past year, the correlation between GLEIX and IGNAX has dropped to 0.34 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
GLEIX vs. IGNAX — Risk / Return Rank
GLEIX
IGNAX
GLEIX vs. IGNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Energy Infrastructure Fund (GLEIX) and Delaware Ivy Natural Resources Fund (IGNAX). 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.
| GLEIX | IGNAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.40 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 3.71 | +0.42 |
| Martin ratioReturn relative to average drawdown | 9.47 | 12.15 | -2.68 |
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Drawdowns
GLEIX vs. IGNAX - Drawdown Comparison
The maximum GLEIX drawdown since its inception was -59.27%, smaller than the maximum IGNAX drawdown of -77.49%. Use the drawdown chart below to compare losses from any high point for GLEIX and IGNAX.
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Drawdown Indicators
| GLEIX | IGNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -77.49% | +18.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -11.40% | +4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.07% | -22.86% | +5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -21.89% | -24.79% | +2.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.95% | — |
Current DrawdownCurrent decline from peak | -3.00% | -12.28% | +9.28% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -35.56% | +27.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.48% | -0.31% |
Volatility
GLEIX vs. IGNAX - Volatility Comparison
Goldman Sachs Energy Infrastructure Fund (GLEIX) has a higher volatility of 5.45% compared to Delaware Ivy Natural Resources Fund (IGNAX) at 4.20%. This indicates that GLEIX's price experiences larger fluctuations and is considered to be riskier than IGNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLEIX | IGNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 4.20% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.97% | 14.08% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 18.36% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.51% | 21.91% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.34% | 22.40% | +2.94% |
GLEIX vs. IGNAX - Expense Ratio Comparison
GLEIX has a 1.23% expense ratio, which is lower than IGNAX's 1.82% expense ratio.
Dividends
GLEIX vs. IGNAX - Dividend Comparison
GLEIX's dividend yield for the trailing twelve months is around 8.18%, while IGNAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GLEIX Goldman Sachs Energy Infrastructure Fund | 8.18% | 10.00% | 25.43% | 10.22% | 4.70% | 8.41% | 4.17% | 4.83% | 3.54% | 0.68% | 0.00% |
IGNAX Delaware Ivy Natural Resources Fund | 0.00% | 0.00% | 5.68% | 1.94% | 2.02% | 2.30% | 0.29% | 1.75% | 0.00% | 0.00% | 0.06% |
Frequently Asked Questions
GLEIX and IGNAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLEIX has higher volatility (5.45%) compared to IGNAX (4.20%). In terms of maximum drawdown, GLEIX dropped -59.27% vs IGNAX's -77.49%.
IGNAX currently has the higher Sharpe Ratio (2.31 vs 2.01), 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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