IPOAX vs. ESCIX
Compare and contrast key facts about Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) and Ashmore Emerging Markets Small Cap Equity Fund (ESCIX).
IPOAX is managed by Delaware Funds by Macquarie. It was launched on Oct 24, 1993. ESCIX is managed by Ashmore. It was launched on Oct 3, 2011.
Performance
IPOAX vs. ESCIX - Performance Comparison
Loading graphics...
IPOAX vs. ESCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPOAX Delaware Ivy Systematic Emerging Markets Equity Fund | 2.17% | 26.53% | 7.71% | 10.86% | -27.56% | -4.67% | 35.01% | 23.23% | -19.83% | 42.47% |
ESCIX Ashmore Emerging Markets Small Cap Equity Fund | 8.91% | 26.07% | 3.55% | 19.64% | -24.45% | 11.93% | 43.41% | 15.24% | -22.01% | 28.57% |
Returns By Period
In the year-to-date period, IPOAX achieves a 2.17% return, which is significantly lower than ESCIX's 8.91% return. Over the past 10 years, IPOAX has underperformed ESCIX with an annualized return of 8.30%, while ESCIX has yielded a comparatively higher 9.84% annualized return.
IPOAX
- 1D
- 0.09%
- 1M
- -12.40%
- YTD
- 2.17%
- 6M
- 7.77%
- 1Y
- 27.28%
- 3Y*
- 13.56%
- 5Y*
- 0.86%
- 10Y*
- 8.30%
ESCIX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 8.91%
- 6M
- 13.79%
- 1Y
- 41.15%
- 3Y*
- 16.77%
- 5Y*
- 5.75%
- 10Y*
- 9.84%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IPOAX vs. ESCIX - Expense Ratio Comparison
IPOAX has a 1.15% expense ratio, which is lower than ESCIX's 1.52% expense ratio.
Return for Risk
IPOAX vs. ESCIX — Risk / Return Rank
IPOAX
ESCIX
IPOAX vs. ESCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) and Ashmore Emerging Markets Small Cap Equity Fund (ESCIX). 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.
| IPOAX | ESCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 2.59 | -1.13 |
Sortino ratioReturn per unit of downside risk | 1.92 | 3.42 | -1.51 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.53 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.47 | -0.64 |
Martin ratioReturn relative to average drawdown | 6.85 | 14.33 | -7.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IPOAX | ESCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.59 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.37 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.56 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.39 | -0.16 |
Correlation
The correlation between IPOAX and ESCIX is 0.76, 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
IPOAX vs. ESCIX - Dividend Comparison
IPOAX's dividend yield for the trailing twelve months is around 9.80%, more than ESCIX's 0.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPOAX Delaware Ivy Systematic Emerging Markets Equity Fund | 9.80% | 10.01% | 3.35% | 3.23% | 14.83% | 0.55% | 0.75% | 0.74% | 0.68% | 0.00% | 0.00% | 0.93% |
ESCIX Ashmore Emerging Markets Small Cap Equity Fund | 0.42% | 0.91% | 0.00% | 0.56% | 0.60% | 0.00% | 0.00% | 0.13% | 0.11% | 1.66% | 1.16% | 0.00% |
Drawdowns
IPOAX vs. ESCIX - Drawdown Comparison
The maximum IPOAX drawdown since its inception was -67.11%, which is greater than ESCIX's maximum drawdown of -48.76%. Use the drawdown chart below to compare losses from any high point for IPOAX and ESCIX.
Loading graphics...
Drawdown Indicators
| IPOAX | ESCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.11% | -48.76% | -18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -12.84% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -42.92% | -36.59% | -6.33% |
Max Drawdown (10Y)Largest decline over 10 years | -45.79% | -48.76% | +2.97% |
Current DrawdownCurrent decline from peak | -13.31% | -0.74% | -12.57% |
Average DrawdownAverage peak-to-trough decline | -23.79% | -13.45% | -10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.49% | +1.09% |
Volatility
IPOAX vs. ESCIX - Volatility Comparison
Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) has a higher volatility of 8.95% compared to Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) at 0.00%. This indicates that IPOAX's price experiences larger fluctuations and is considered to be riskier than ESCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IPOAX | ESCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 0.00% | +8.95% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 8.91% | +4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 15.75% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 15.86% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 17.64% | +2.48% |