IGNAX vs. SOAEX
Compare and contrast key facts about Delaware Ivy Natural Resources Fund (IGNAX) and Spirit of America Energy Fund (SOAEX).
IGNAX is managed by Delaware Funds. It was launched on Jan 1, 1997. SOAEX is managed by Spirit of America. It was launched on Jul 9, 2014.
Performance
IGNAX vs. SOAEX - Performance Comparison
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IGNAX vs. SOAEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGNAX Delaware Ivy Natural Resources Fund | 18.73% | 38.01% | -0.56% | 1.26% | 17.52% | 26.06% | -12.38% | 9.24% | -23.79% | 2.89% |
SOAEX Spirit of America Energy Fund | 27.74% | 6.05% | 19.30% | 13.10% | 30.26% | 34.19% | -34.52% | 11.49% | 148.45% | -3.97% |
Returns By Period
In the year-to-date period, IGNAX achieves a 18.73% return, which is significantly lower than SOAEX's 27.74% return. Over the past 10 years, IGNAX has underperformed SOAEX with an annualized return of 8.47%, while SOAEX has yielded a comparatively higher 21.39% annualized return.
IGNAX
- 1D
- 1.29%
- 1M
- -0.81%
- YTD
- 18.73%
- 6M
- 27.22%
- 1Y
- 61.27%
- 3Y*
- 18.52%
- 5Y*
- 16.68%
- 10Y*
- 8.47%
SOAEX
- 1D
- -0.72%
- 1M
- 4.40%
- YTD
- 27.74%
- 6M
- 24.57%
- 1Y
- 25.82%
- 3Y*
- 21.98%
- 5Y*
- 21.46%
- 10Y*
- 21.39%
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IGNAX vs. SOAEX - Expense Ratio Comparison
IGNAX has a 1.82% expense ratio, which is higher than SOAEX's 1.50% expense ratio.
Return for Risk
IGNAX vs. SOAEX — Risk / Return Rank
IGNAX
SOAEX
IGNAX vs. SOAEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Natural Resources Fund (IGNAX) and Spirit of America Energy Fund (SOAEX). 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.
| IGNAX | SOAEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.80 | 1.28 | +1.52 |
Sortino ratioReturn per unit of downside risk | 3.33 | 1.66 | +1.67 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.26 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 3.94 | 1.55 | +2.39 |
Martin ratioReturn relative to average drawdown | 21.18 | 5.43 | +15.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGNAX | SOAEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 1.28 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 1.09 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.21 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.13 | +0.09 |
Correlation
The correlation between IGNAX and SOAEX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IGNAX vs. SOAEX - Dividend Comparison
IGNAX has not paid dividends to shareholders, while SOAEX's dividend yield for the trailing twelve months is around 10.89%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SOAEX Spirit of America Energy Fund | 10.89% | 13.91% | 26.36% | 24.88% | 22.14% | 23.25% | 30.30% | 20.73% | 15.62% | 17.90% | 13.40% | 14.76% |
Drawdowns
IGNAX vs. SOAEX - Drawdown Comparison
The maximum IGNAX drawdown since its inception was -77.49%, which is greater than SOAEX's maximum drawdown of -68.03%. Use the drawdown chart below to compare losses from any high point for IGNAX and SOAEX.
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Drawdown Indicators
| IGNAX | SOAEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.49% | -68.03% | -9.46% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -17.63% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -24.79% | -20.84% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -57.95% | -68.03% | +10.08% |
Current DrawdownCurrent decline from peak | -9.23% | -2.13% | -7.10% |
Average DrawdownAverage peak-to-trough decline | -35.83% | -27.50% | -8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 5.04% | -2.14% |
Volatility
IGNAX vs. SOAEX - Volatility Comparison
Delaware Ivy Natural Resources Fund (IGNAX) has a higher volatility of 5.41% compared to Spirit of America Energy Fund (SOAEX) at 4.40%. This indicates that IGNAX's price experiences larger fluctuations and is considered to be riskier than SOAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGNAX | SOAEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 4.40% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 11.09% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.32% | 21.00% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.99% | 19.77% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.59% | 99.98% | -77.39% |