IRSAX vs. WMGAX
IRSAX (Delaware Ivy Securian Real Estate Securities Fund) and WMGAX (Delaware Ivy Mid Cap Growth Fund) are both mutual funds - IRSAX is a REIT fund managed by Delaware Funds, while WMGAX is a Mid Cap Growth Equities fund managed by Delaware Funds. Over the past 10 years, IRSAX returned 7.35%/yr vs 10.91%/yr for WMGAX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. IRSAX charges 1.20%/yr vs 1.12%/yr for WMGAX.
Performance
IRSAX vs. WMGAX - Performance Comparison
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Returns By Period
In the year-to-date period, IRSAX achieves a 19.63% return, which is significantly higher than WMGAX's 0.57% return. Over the past 10 years, IRSAX has underperformed WMGAX with an annualized return of 7.35%, while WMGAX has yielded a comparatively higher 10.91% annualized return.
IRSAX
- 1D
- -0.53%
- 1M
- 0.66%
- 6M
- 18.70%
- YTD
- 19.63%
- 1Y
- 26.40%
- 3Y*
- 17.69%
- 5Y*
- 7.50%
- 10Y*
- 7.35%
- ALL TIME*
- 8.61%
WMGAX
- 1D
- 0.83%
- 1M
- -3.28%
- 6M
- -2.05%
- YTD
- 0.57%
- 1Y
- -2.92%
- 3Y*
- 3.72%
- 5Y*
- -1.28%
- 10Y*
- 10.91%
- ALL TIME*
- 8.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IRSAX vs. WMGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRSAX Delaware Ivy Securian Real Estate Securities Fund | 19.63% | 7.28% | 23.62% | 9.53% | -25.47% | 43.57% | -3.51% | 24.13% | -5.69% | 5.29% |
WMGAX Delaware Ivy Mid Cap Growth Fund | 0.57% | 0.83% | 10.02% | 19.97% | -30.68% | 16.22% | 48.56% | 38.01% | -0.20% | 26.95% |
Correlation
The correlation between IRSAX and WMGAX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2000 | 0.59 |
Over the past year, the correlation between IRSAX and WMGAX has dropped to 0.34 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
IRSAX vs. WMGAX — Risk / Return Rank
IRSAX
WMGAX
IRSAX vs. WMGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Securian Real Estate Securities Fund (IRSAX) and Delaware Ivy Mid Cap Growth Fund (WMGAX). 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.
| IRSAX | WMGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.98 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | -0.24 | +3.46 |
| Martin ratioReturn relative to average drawdown | 12.30 | -0.62 | +12.91 |
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Drawdowns
IRSAX vs. WMGAX - Drawdown Comparison
The maximum IRSAX drawdown since its inception was -72.03%, which is greater than WMGAX's maximum drawdown of -53.74%. Use the drawdown chart below to compare losses from any high point for IRSAX and WMGAX.
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Drawdown Indicators
| IRSAX | WMGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.03% | -53.74% | -18.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -16.16% | +8.12% |
Max Drawdown (3Y)Largest decline over 3 years | -16.11% | -26.59% | +10.48% |
Max Drawdown (5Y)Largest decline over 5 years | -37.56% | -42.95% | +5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -40.71% | -42.95% | +2.24% |
Current DrawdownCurrent decline from peak | -3.01% | -16.62% | +13.61% |
Average DrawdownAverage peak-to-trough decline | -13.17% | -13.63% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 6.23% | -4.13% |
Volatility
IRSAX vs. WMGAX - Volatility Comparison
Delaware Ivy Securian Real Estate Securities Fund (IRSAX) has a higher volatility of 4.47% compared to Delaware Ivy Mid Cap Growth Fund (WMGAX) at 3.23%. This indicates that IRSAX's price experiences larger fluctuations and is considered to be riskier than WMGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRSAX | WMGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 3.23% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 13.76% | -3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 17.88% | -4.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.61% | 25.13% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.65% | 23.14% | +2.51% |
IRSAX vs. WMGAX - Expense Ratio Comparison
IRSAX has a 1.20% expense ratio, which is higher than WMGAX's 1.12% expense ratio.
Dividends
IRSAX vs. WMGAX - Dividend Comparison
IRSAX's dividend yield for the trailing twelve months is around 20.08%, more than WMGAX's 11.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRSAX Delaware Ivy Securian Real Estate Securities Fund | 20.08% | 24.77% | 29.95% | 9.61% | 34.76% | 13.03% | 1.81% | 9.69% | 7.51% | 12.71% | 10.34% | 5.88% |
WMGAX Delaware Ivy Mid Cap Growth Fund | 11.03% | 11.10% | 15.30% | 6.66% | 11.94% | 13.08% | 9.97% | 5.23% | 10.28% | 7.92% | 3.98% | 10.88% |
Frequently Asked Questions
IRSAX and WMGAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRSAX has higher volatility (4.47%) compared to WMGAX (3.23%). In terms of maximum drawdown, IRSAX dropped -72.03% vs WMGAX's -53.74%.
IRSAX currently has the higher Sharpe Ratio (1.94 vs -0.22), 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.
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