IPOAX vs. IBNAX
Compare and contrast key facts about Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) and Delaware Ivy Balanced Fund (IBNAX).
IPOAX is managed by Delaware Funds by Macquarie. It was launched on Oct 24, 1993. IBNAX is managed by Delaware Funds by Macquarie. It was launched on Nov 15, 1987.
Performance
IPOAX vs. IBNAX - Performance Comparison
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IPOAX vs. IBNAX - 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% |
IBNAX Delaware Ivy Balanced Fund | -5.40% | 12.17% | 15.68% | 16.19% | -16.41% | 16.22% | 14.34% | 22.13% | -3.32% | 11.37% |
Returns By Period
In the year-to-date period, IPOAX achieves a 2.17% return, which is significantly higher than IBNAX's -5.40% return. Both investments have delivered pretty close results over the past 10 years, with IPOAX having a 8.30% annualized return and IBNAX not far behind at 8.03%.
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%
IBNAX
- 1D
- -0.08%
- 1M
- -6.27%
- YTD
- -5.40%
- 6M
- -4.91%
- 1Y
- 7.33%
- 3Y*
- 10.90%
- 5Y*
- 5.79%
- 10Y*
- 8.03%
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IPOAX vs. IBNAX - Expense Ratio Comparison
IPOAX has a 1.15% expense ratio, which is higher than IBNAX's 1.10% expense ratio.
Return for Risk
IPOAX vs. IBNAX — Risk / Return Rank
IPOAX
IBNAX
IPOAX vs. IBNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) and Delaware Ivy Balanced Fund (IBNAX). 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 | IBNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 0.71 | +0.75 |
Sortino ratioReturn per unit of downside risk | 1.92 | 1.05 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.14 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.91 | +0.93 |
Martin ratioReturn relative to average drawdown | 6.85 | 3.48 | +3.37 |
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
| IPOAX | IBNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 0.71 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.29 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.49 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.34 | -0.11 |
Correlation
The correlation between IPOAX and IBNAX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IPOAX vs. IBNAX - Dividend Comparison
IPOAX's dividend yield for the trailing twelve months is around 9.80%, more than IBNAX's 3.28% 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% |
IBNAX Delaware Ivy Balanced Fund | 3.28% | 3.10% | 1.86% | 1.11% | 26.49% | 11.58% | 6.76% | 7.70% | 11.85% | 4.62% | 2.31% | 6.20% |
Drawdowns
IPOAX vs. IBNAX - Drawdown Comparison
The maximum IPOAX drawdown since its inception was -67.11%, which is greater than IBNAX's maximum drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for IPOAX and IBNAX.
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Drawdown Indicators
| IPOAX | IBNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.11% | -52.04% | -15.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -7.42% | -5.97% |
Max Drawdown (5Y)Largest decline over 5 years | -42.92% | -28.04% | -14.88% |
Max Drawdown (10Y)Largest decline over 10 years | -45.79% | -28.04% | -17.75% |
Current DrawdownCurrent decline from peak | -13.31% | -7.42% | -5.89% |
Average DrawdownAverage peak-to-trough decline | -23.79% | -10.52% | -13.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.94% | +1.64% |
Volatility
IPOAX vs. IBNAX - Volatility Comparison
Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) has a higher volatility of 8.95% compared to Delaware Ivy Balanced Fund (IBNAX) at 3.49%. This indicates that IPOAX's price experiences larger fluctuations and is considered to be riskier than IBNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPOAX | IBNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 3.49% | +5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 6.69% | +6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 11.06% | +7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 20.03% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 16.60% | +3.52% |