IEYYX vs. XLE
IEYYX (Delaware Ivy Energy Fund) and XLE (State Street Energy Select Sector SPDR ETF) are both Energy Equities funds. Over the past 10 years, IEYYX returned 1.82%/yr vs 10.52%/yr for XLE. Their correlation of 0.88 means they have usually moved in the same direction. IEYYX charges 1.28%/yr vs 0.08%/yr for XLE.
Performance
IEYYX vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, IEYYX achieves a 15.97% return, which is significantly lower than XLE's 35.03% return. Over the past 10 years, IEYYX has underperformed XLE with an annualized return of 1.82%, while XLE has yielded a comparatively higher 10.52% annualized return.
IEYYX
- 1D
- 1.91%
- 1M
- 0.71%
- 6M
- 6.86%
- YTD
- 15.97%
- 1Y
- 34.15%
- 3Y*
- 9.00%
- 5Y*
- 16.54%
- 10Y*
- 1.82%
- ALL TIME*
- 1.60%
XLE
- 1D
- 1.00%
- 1M
- 11.89%
- 6M
- 18.26%
- YTD
- 35.03%
- 1Y
- 43.49%
- 3Y*
- 14.62%
- 5Y*
- 23.67%
- 10Y*
- 10.52%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.70B | $1.73B | $1.97B |
IEYYX vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEYYX Delaware Ivy Energy Fund | 15.97% | 22.56% | -3.60% | -4.08% | 41.14% | 43.34% | -38.68% | 4.25% | -34.47% | -12.98% |
XLE State Street Energy Select Sector SPDR ETF | 35.03% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between IEYYX and XLE is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2006 | 0.88 |
Over the past year, the correlation between IEYYX and XLE has dropped to 0.29 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
IEYYX vs. XLE — Risk / Return Rank
IEYYX
XLE
IEYYX vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Energy Fund (IEYYX) and State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.32 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 2.74 | +1.84 |
| Martin ratioReturn relative to average drawdown | 13.85 | 7.32 | +6.53 |
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Drawdowns
IEYYX vs. XLE - Drawdown Comparison
The maximum IEYYX drawdown since its inception was -85.16%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for IEYYX and XLE.
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Drawdown Indicators
| IEYYX | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.16% | -71.26% | -13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -14.98% | +7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -22.71% | -20.14% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -30.43% | -26.04% | -4.39% |
Max Drawdown (10Y)Largest decline over 10 years | -81.45% | -66.81% | -14.64% |
Current DrawdownCurrent decline from peak | -25.05% | -4.13% | -20.92% |
Average DrawdownAverage peak-to-trough decline | -35.08% | -17.93% | -17.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 5.62% | -3.27% |
Volatility
IEYYX vs. XLE - Volatility Comparison
The current volatility for Delaware Ivy Energy Fund (IEYYX) is 3.54%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 5.85%. This indicates that IEYYX experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEYYX | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 5.85% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 16.71% | -6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 21.05% | -7.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.18% | 25.77% | -4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.64% | 29.57% | +1.07% |
IEYYX vs. XLE - Expense Ratio Comparison
IEYYX has a 1.28% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
IEYYX vs. XLE - Dividend Comparison
IEYYX's dividend yield for the trailing twelve months is around 0.75%, less than XLE's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEYYX Delaware Ivy Energy Fund | 0.75% | 0.87% | 0.91% | 2.37% | 1.33% | 1.49% | 2.17% | 0.00% | 0.00% | 0.36% | 0.00% | 0.00% |
XLE State Street Energy Select Sector SPDR ETF | 2.55% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
IEYYX and XLE 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.
XLE has higher volatility (5.85%) compared to IEYYX (3.54%). In terms of maximum drawdown, IEYYX dropped -85.16% vs XLE's -71.26%.
IEYYX currently has the higher Sharpe Ratio (2.39 vs 1.95), 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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