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.
Key characteristics
| IPOAX | SPY | |
|---|---|---|
| YTD Return | 7.98% | 19.22% |
| 1Y Return | 13.31% | 28.25% |
| 3Y Return (Ann) | -6.43% | 9.99% |
| 5Y Return (Ann) | 4.72% | 15.19% |
| 10Y Return (Ann) | 4.00% | 12.84% |
| Sharpe Ratio | 0.88 | 2.25 |
| Daily Std Dev | 14.66% | 12.59% |
| Max Drawdown | -67.11% | -55.19% |
| Current Drawdown | -27.73% | -0.32% |
Correlation
The correlation between IPOAX and SPY is 0.41, 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.
Performance
IPOAX vs. SPY - Performance Comparison
In the year-to-date period, IPOAX achieves a 7.98% return, which is significantly lower than SPY's 19.22% return. Over the past 10 years, IPOAX has underperformed SPY with an annualized return of 4.00%, while SPY has yielded a comparatively higher 12.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
IPOAX vs. SPY - Dividend Comparison
IPOAX's dividend yield for the trailing twelve months is around 2.99%, more than SPY's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPOAX Delaware Ivy Systematic Emerging Markets Equity Fund | 2.99% | 3.23% | 14.83% | 0.55% | 0.75% | 0.74% | 0.68% | 0.00% | 0.00% | 0.93% | 0.76% | 0.53% |
SPY SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IPOAX vs. SPY - Drawdown Comparison
The maximum IPOAX drawdown since its inception was -67.11%, 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. For additional features, visit the drawdowns tool.
Volatility
IPOAX vs. SPY - Volatility Comparison
Delaware Ivy Systematic Emerging Markets Equity Fund (IPOAX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.96% and 3.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.