IEYYX vs. WASCX

Last updated Jun 24, 2026

IEYYX (Delaware Ivy Energy Fund) and WASCX (Delaware Ivy Asset Strategy Fund) are both mutual funds - IEYYX is a Energy Equities fund managed by Ivy Funds, while WASCX is a Global Allocation fund managed by Ivy Funds. Over the past 10 years, IEYYX returned 1.48%/yr vs 8.63%/yr for WASCX. A 0.66 correlation means they provide meaningful diversification when combined. IEYYX charges 1.28%/yr vs 2.18%/yr for WASCX.

Performance

IEYYX vs. WASCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Ivy Energy Fund (IEYYX) and Delaware Ivy Asset Strategy Fund (WASCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEYYX achieves a 16.88% return, which is significantly higher than WASCX's 5.36% return. Over the past 10 years, IEYYX has underperformed WASCX with an annualized return of 1.48%, while WASCX has yielded a comparatively higher 8.63% annualized return.

IEYYX

• 1D: 0.39%
• 1M: -1.83%
• YTD: 16.88%
• 6M: 16.35%
• 1Y: 40.01%
• 3Y*: 12.00%
• 5Y*: 14.06%
• 10Y*: 1.48%

WASCX

• 1D: -1.41%
• 1M: -0.00%
• YTD: 5.36%
• 6M: 4.73%
• 1Y: 14.13%
• 3Y*: 14.57%
• 5Y*: 7.22%
• 10Y*: 8.63%

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

IEYYX vs. WASCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEYYX Delaware Ivy Energy Fund	16.88%	22.56%	-3.60%	-4.08%	41.14%	43.34%	-38.68%	4.25%	-34.47%	-12.98%
WASCX Delaware Ivy Asset Strategy Fund	5.36%	16.07%	13.12%	14.62%	-14.57%	12.88%	12.53%	20.90%	-5.98%	17.53%

Correlation

The correlation between IEYYX and WASCX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Apr 5, 2006	0.66

The correlation between IEYYX and WASCX has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.

Return for Risk

IEYYX vs. WASCX — Risk / Return Rank

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

IEYYX

IEYYX Risk / Return Rank: 93
IEYYX Sharpe Ratio Rank: 94
IEYYX Sortino Ratio Rank: 90
IEYYX Omega Ratio Rank: 85
IEYYX Calmar Ratio Rank: 98
IEYYX Martin Ratio Rank: 97

WASCX

WASCX Risk / Return Rank: 27
WASCX Sharpe Ratio Rank: 25
WASCX Sortino Ratio Rank: 25
WASCX Omega Ratio Rank: 28
WASCX Calmar Ratio Rank: 23
WASCX 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.

IEYYX vs. WASCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Energy Fund (IEYYX) and Delaware Ivy Asset Strategy Fund (WASCX). 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.

	IEYYX	WASCX	Difference
Sharpe ratio: Return per unit of total volatility	3.02	1.33	+1.69
Sortino ratio: Return per unit of downside risk	4.05	1.92	+2.13
Omega ratio: Gain probability vs. loss probability	1.53	1.26	+0.27
Calmar ratio: Return relative to maximum drawdown	7.26	1.64	+5.63
Martin ratio: Return relative to average drawdown	26.28	7.11	+19.17

IEYYX vs. WASCX - Sharpe Ratio Comparison

The current IEYYX Sharpe Ratio is 3.02, which is higher than the WASCX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of IEYYX and WASCX, 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

IEYYX vs. WASCX - Drawdown Comparison

The maximum IEYYX drawdown since its inception was -85.16%, which is greater than WASCX's maximum drawdown of -36.09%. Use the drawdown chart below to compare losses from any high point for IEYYX and WASCX.

Drawdown Indicators

	IEYYX	WASCX	Difference
Max Drawdown Largest peak-to-trough decline	-85.16%	-36.09%	-49.07%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	-9.02%	+3.46%
Max Drawdown (3Y) Largest decline over 3 years	-22.71%	-11.21%	-11.50%
Max Drawdown (5Y) Largest decline over 5 years	-30.43%	-28.99%	-1.44%
Max Drawdown (10Y) Largest decline over 10 years	-81.45%	-29.42%	-52.03%
Current Drawdown Current decline from peak	-24.47%	-1.41%	-23.06%
Average Drawdown Average peak-to-trough decline	-35.14%	-7.46%	-27.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	2.07%	-0.54%

Volatility

IEYYX vs. WASCX - Volatility Comparison

Delaware Ivy Energy Fund (IEYYX) and Delaware Ivy Asset Strategy Fund (WASCX) have volatilities of 4.63% and 4.63%, 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

	IEYYX	WASCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	4.63%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	9.94%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	11.13%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.61%	17.78%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.84%	15.66%	+15.18%

IEYYX vs. WASCX - Expense Ratio Comparison

IEYYX has a 1.28% expense ratio, which is lower than WASCX's 2.18% expense ratio.

Dividends

IEYYX vs. WASCX - Dividend Comparison

IEYYX's dividend yield for the trailing twelve months is around 0.74%, less than WASCX's 9.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEYYX Delaware Ivy Energy Fund	0.74%	0.87%	0.91%	2.37%	1.33%	1.49%	2.17%	0.00%	0.00%	0.36%	0.00%	0.00%
WASCX Delaware Ivy Asset Strategy Fund	9.82%	10.75%	8.30%	2.28%	18.75%	11.68%	2.22%	5.49%	20.62%	2.37%	0.00%	6.52%

Frequently Asked Questions

Can I hold both IEYYX and WASCX in my portfolio?

IEYYX and WASCX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IEYYX or WASCX?

WASCX has higher volatility (4.63%) compared to IEYYX (4.63%). In terms of maximum drawdown, IEYYX dropped -85.16% vs WASCX's -36.09%.

Which has better risk-adjusted returns?

IEYYX currently has the higher Sharpe Ratio (3.02 vs 1.33), 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.