IMRFX vs. DPREX

Last updated Aug 1, 2026

IMRFX (Columbia Global Opportunities Fund) and DPREX (Delaware Global Listed Real Assets Fund) are both Global Allocation funds. Over the past 10 years, IMRFX returned 5.62%/yr vs 5.27%/yr for DPREX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. IMRFX charges 1.15%/yr vs 1.31%/yr for DPREX.

Performance

IMRFX vs. DPREX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Global Opportunities Fund (IMRFX) and Delaware Global Listed Real Assets Fund (DPREX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMRFX achieves a 5.13% return, which is significantly lower than DPREX's 9.92% return. Over the past 10 years, IMRFX has outperformed DPREX with an annualized return of 5.62%, while DPREX has yielded a comparatively lower 5.27% annualized return.

IMRFX

• 1D: 1.38%
• 1M: -0.43%
• 6M: 2.80%
• YTD: 5.13%
• 1Y: 13.50%
• 3Y*: 10.31%
• 5Y*: 2.90%
• 10Y*: 5.62%
• ALL TIME*: 7.68%

DPREX

• 1D: 0.41%
• 1M: 1.79%
• 6M: 5.25%
• YTD: 9.92%
• 1Y: 19.78%
• 3Y*: 9.55%
• 5Y*: 6.18%
• 10Y*: 5.27%
• ALL TIME*: 9.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DPREX Delaware Global Listed Real Assets Fund	$0.00	$0.00	$0.00
IMRFX Columbia Global Opportunities Fund	$0.00	$0.00	$0.00

IMRFX vs. DPREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMRFX Columbia Global Opportunities Fund	5.13%	15.88%	7.46%	11.29%	-21.02%	6.25%	12.55%	15.62%	-7.03%	18.17%
DPREX Delaware Global Listed Real Assets Fund	9.92%	18.95%	-1.23%	7.01%	-7.07%	19.08%	1.22%	30.71%	-7.79%	1.00%

Correlation

The correlation between IMRFX and DPREX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.66
Correlation (All Time) Calculated using the full available price history since Nov 28, 1995	0.61

The correlation between IMRFX and DPREX shifts across timeframes, from 0.60 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

IMRFX vs. DPREX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IMRFX

IMRFX Risk / Return Rank: 40
IMRFX Sharpe Ratio Rank: 40
IMRFX Sortino Ratio Rank: 39
IMRFX Omega Ratio Rank: 41
IMRFX Calmar Ratio Rank: 35
IMRFX Martin Ratio Rank: 43

DPREX

DPREX Risk / Return Rank: 91
DPREX Sharpe Ratio Rank: 93
DPREX Sortino Ratio Rank: 90
DPREX Omega Ratio Rank: 87
DPREX Calmar Ratio Rank: 93
DPREX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IMRFX vs. DPREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Global Opportunities Fund (IMRFX) and Delaware Global Listed Real Assets Fund (DPREX). 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.

	IMRFX	DPREX	Difference
Sharpe ratio: Return per unit of total volatility	1.26	2.47	-1.20
Sortino ratio: Return per unit of downside risk	1.80	3.42	-1.62
Omega ratio: Gain probability vs. loss probability	1.23	1.45	-0.22
Calmar ratio: Return relative to maximum drawdown	1.58	3.86	-2.28
Martin ratio: Return relative to average drawdown	6.45	13.80	-7.35

IMRFX vs. DPREX - Sharpe Ratio Comparison

The current IMRFX Sharpe Ratio is 1.26, which is lower than the DPREX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of IMRFX and DPREX, 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

IMRFX vs. DPREX - Drawdown Comparison

The maximum IMRFX drawdown since its inception was -45.67%, smaller than the maximum DPREX drawdown of -71.95%. Use the drawdown chart below to compare losses from any high point for IMRFX and DPREX.

Drawdown Indicators

	IMRFX	DPREX	Difference
Max Drawdown Largest peak-to-trough decline	-45.67%	-71.95%	+26.28%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-5.00%	-3.07%
Max Drawdown (3Y) Largest decline over 3 years	-10.19%	-10.99%	+0.80%
Max Drawdown (5Y) Largest decline over 5 years	-28.77%	-19.04%	-9.73%
Max Drawdown (10Y) Largest decline over 10 years	-28.77%	-31.40%	+2.63%
Current Drawdown Current decline from peak	-1.90%	-0.64%	-1.26%
Average Drawdown Average peak-to-trough decline	-7.30%	-10.72%	+3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	1.40%	+0.58%

Volatility

IMRFX vs. DPREX - Volatility Comparison

Columbia Global Opportunities Fund (IMRFX) has a higher volatility of 2.81% compared to Delaware Global Listed Real Assets Fund (DPREX) at 1.87%. This indicates that IMRFX's price experiences larger fluctuations and is considered to be riskier than DPREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMRFX	DPREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	1.87%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	6.20%	+2.41%
Volatility (1Y) Calculated over the trailing 1-year period	10.13%	7.86%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.03%	10.45%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.42%	13.08%	-2.66%

IMRFX vs. DPREX - Expense Ratio Comparison

IMRFX has a 1.15% expense ratio, which is lower than DPREX's 1.31% expense ratio.

Dividends

IMRFX vs. DPREX - Dividend Comparison

IMRFX's dividend yield for the trailing twelve months is around 17.00%, more than DPREX's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPREX Delaware Global Listed Real Assets Fund	2.50%	2.60%	2.46%	1.73%	14.25%	5.80%	1.71%	3.87%	2.49%	3.69%	22.78%	12.98%
IMRFX Columbia Global Opportunities Fund	17.00%	17.87%	0.47%	0.00%	6.62%	7.92%	4.40%	1.75%	0.35%	0.00%	2.77%	0.00%

Frequently Asked Questions

Can I hold both IMRFX and DPREX in my portfolio?

IMRFX and DPREX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMRFX or DPREX?

IMRFX has higher volatility (2.81%) compared to DPREX (1.87%). In terms of maximum drawdown, IMRFX dropped -45.67% vs DPREX's -71.95%.

Which has better risk-adjusted returns?

DPREX currently has the higher Sharpe Ratio (2.47 vs 1.26), 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.