IBNAX vs. AYBLX
IBNAX (Delaware Ivy Balanced Fund) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 10 years, IBNAX returned 9.17%/yr vs 10.62%/yr for AYBLX. Their correlation of 0.88 suggests significant overlap in exposure. IBNAX charges 1.10%/yr vs 0.65%/yr for AYBLX.
Performance
IBNAX vs. AYBLX - Performance Comparison
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Returns By Period
In the year-to-date period, IBNAX achieves a 5.30% return, which is significantly lower than AYBLX's 13.44% return. Over the past 10 years, IBNAX has underperformed AYBLX with an annualized return of 9.17%, while AYBLX has yielded a comparatively higher 10.62% annualized return.
IBNAX
- 1D
- 0.11%
- 1M
- -0.81%
- YTD
- 5.30%
- 6M
- 4.48%
- 1Y
- 12.99%
- 3Y*
- 13.89%
- 5Y*
- 6.91%
- 10Y*
- 9.17%
AYBLX
- 1D
- 0.42%
- 1M
- 0.30%
- YTD
- 13.44%
- 6M
- 12.73%
- 1Y
- 30.34%
- 3Y*
- 17.34%
- 5Y*
- 9.34%
- 10Y*
- 10.62%
IBNAX vs. AYBLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBNAX Delaware Ivy Balanced Fund | 5.30% | 12.17% | 15.68% | 16.19% | -16.41% | 16.22% | 14.34% | 22.13% | -3.32% | 11.37% |
AYBLX Pioneer Balanced ESG Fund | 13.44% | 19.80% | 9.64% | 15.41% | -14.39% | 15.48% | 12.92% | 22.22% | -4.43% | 15.19% |
Correlation
The correlation between IBNAX and AYBLX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 1997 | 0.88 |
The correlation between IBNAX and AYBLX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
IBNAX vs. AYBLX — Risk / Return Rank
IBNAX
AYBLX
IBNAX vs. AYBLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Balanced Fund (IBNAX) and Pioneer Balanced ESG Fund (AYBLX). 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.
| IBNAX | AYBLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.56 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 4.76 | -2.98 |
| Martin ratioReturn relative to average drawdown | 7.44 | 22.03 | -14.59 |
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Drawdowns
IBNAX vs. AYBLX - Drawdown Comparison
The maximum IBNAX drawdown since its inception was -52.04%, which is greater than AYBLX's maximum drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for IBNAX and AYBLX.
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Drawdown Indicators
| IBNAX | AYBLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.04% | -36.28% | -15.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.42% | -6.41% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -10.91% | -13.39% | +2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -28.04% | -20.26% | -7.78% |
Max Drawdown (10Y)Largest decline over 10 years | -28.04% | -24.24% | -3.80% |
Current DrawdownCurrent decline from peak | -1.61% | -1.00% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -10.46% | -3.78% | -6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 1.38% | +0.38% |
Volatility
IBNAX vs. AYBLX - Volatility Comparison
Delaware Ivy Balanced Fund (IBNAX) has a higher volatility of 4.01% compared to Pioneer Balanced ESG Fund (AYBLX) at 3.76%. This indicates that IBNAX's price experiences larger fluctuations and is considered to be riskier than AYBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBNAX | AYBLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 3.76% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 7.88% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 9.98% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.15% | 11.14% | +9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 11.32% | +5.37% |
IBNAX vs. AYBLX - Expense Ratio Comparison
IBNAX has a 1.10% expense ratio, which is higher than AYBLX's 0.65% expense ratio.
Dividends
IBNAX vs. AYBLX - Dividend Comparison
IBNAX's dividend yield for the trailing twelve months is around 2.58%, less than AYBLX's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AYBLX Pioneer Balanced ESG Fund | 3.26% | 3.58% | 2.59% | 1.76% | 3.23% | 8.61% | 4.12% | 6.03% | 9.97% | 9.42% | 2.63% | 4.14% |
IBNAX Delaware Ivy Balanced Fund | 2.58% | 3.10% | 1.86% | 1.11% | 26.49% | 11.58% | 6.76% | 7.70% | 11.85% | 4.62% | 2.31% | 6.20% |
Frequently Asked Questions
With a correlation of 0.91, IBNAX and AYBLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IBNAX has higher volatility (4.01%) compared to AYBLX (3.76%). In terms of maximum drawdown, IBNAX dropped -52.04% vs AYBLX's -36.28%.
AYBLX currently has the higher Sharpe Ratio (3.07 vs 1.35), 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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