Correlation
The correlation between IPOAX and SPY is 0.42, 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.
IPOAX vs. SPY
Compare and contrast key facts about Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) and SPDR S&P 500 ETF (SPY).
IPOAX is managed by Delaware Funds by Macquarie. It was launched on Oct 24, 1993. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IPOAX or SPY.
Performance
IPOAX vs. SPY - Performance Comparison
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Key characteristics
IPOAX:
0.42
SPY:
0.70
IPOAX:
0.49
SPY:
1.02
IPOAX:
1.06
SPY:
1.15
IPOAX:
0.13
SPY:
0.68
IPOAX:
0.77
SPY:
2.57
IPOAX:
5.89%
SPY:
4.93%
IPOAX:
17.14%
SPY:
20.42%
IPOAX:
-67.10%
SPY:
-55.19%
IPOAX:
-22.94%
SPY:
-3.55%
Returns By Period
In the year-to-date period, IPOAX achieves a 6.89% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, IPOAX has underperformed SPY with an annualized return of 3.99%, while SPY has yielded a comparatively higher 12.73% annualized return.
IPOAX
6.89%
4.90%
7.02%
7.98%
4.05%
6.30%
3.99%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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IPOAX vs. SPY - Expense Ratio Comparison
IPOAX has a 1.15% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IPOAX vs. SPY — Risk-Adjusted Performance Rank
IPOAX
SPY
IPOAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
IPOAX vs. SPY - Dividend Comparison
IPOAX's dividend yield for the trailing twelve months is around 3.14%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPOAX Delaware Ivy Systematic Emerging Markets Equity Fund | 3.14% | 3.35% | 3.23% | 14.83% | 0.55% | 0.75% | 0.74% | 0.69% | 0.00% | 0.00% | 2.11% | 0.76% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IPOAX vs. SPY - Drawdown Comparison
The maximum IPOAX drawdown since its inception was -67.10%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IPOAX and SPY.
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Volatility
IPOAX vs. SPY - Volatility Comparison
The current volatility for Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) is 4.03%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that IPOAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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