IVIAX vs. BLK

Last updated Jun 24, 2026

IVIAX (Delaware Ivy International Core Equity Fund) is Foreign Large Cap Equities fund managed by Delaware Funds, while BLK (BlackRock, Inc.) is a stock. Over the past 10 years, IVIAX returned 8.38%/yr vs 14.61%/yr for BLK. At a 0.48 correlation, their price movements are largely independent.

Performance

IVIAX vs. BLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Ivy International Core Equity Fund (IVIAX) and BlackRock, Inc. (BLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVIAX achieves a 9.14% return, which is significantly higher than BLK's -4.07% return. Over the past 10 years, IVIAX has underperformed BLK with an annualized return of 8.38%, while BLK has yielded a comparatively higher 14.61% annualized return.

IVIAX

• 1D: -0.08%
• 1M: 4.41%
• YTD: 9.14%
• 6M: 9.82%
• 1Y: 16.39%
• 3Y*: 14.42%
• 5Y*: 6.71%
• 10Y*: 8.38%

BLK

• 1D: -3.46%
• 1M: -4.84%
• YTD: -4.07%
• 6M: -5.50%
• 1Y: 5.10%
• 3Y*: 16.93%
• 5Y*: 5.72%
• 10Y*: 14.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVIAX vs. BLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVIAX Delaware Ivy International Core Equity Fund	9.14%	23.95%	3.66%	16.71%	-15.37%	13.99%	7.08%	18.48%	-17.87%	22.74%
BLK BlackRock, Inc.	-4.07%	6.55%	29.29%	17.86%	-20.40%	29.39%	47.21%	31.87%	-21.59%	38.20%

Correlation

The correlation between IVIAX and BLK is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Oct 1, 1999	0.48

The correlation between IVIAX and BLK shifts across timeframes, from 0.48 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

IVIAX vs. BLK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVIAX

IVIAX Risk / Return Rank: 14
IVIAX Sharpe Ratio Rank: 13
IVIAX Sortino Ratio Rank: 13
IVIAX Omega Ratio Rank: 15
IVIAX Calmar Ratio Rank: 13
IVIAX Martin Ratio Rank: 16

BLK

BLK Risk / Return Rank: 46
BLK Sharpe Ratio Rank: 50
BLK Sortino Ratio Rank: 42
BLK Omega Ratio Rank: 43
BLK Calmar Ratio Rank: 48
BLK Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVIAX vs. BLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy International Core Equity Fund (IVIAX) and BlackRock, Inc. (BLK). 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.

	IVIAX	BLK	Difference
Sharpe ratio: Return per unit of total volatility	0.91	0.20	+0.71
Sortino ratio: Return per unit of downside risk	1.40	0.45	+0.96
Omega ratio: Gain probability vs. loss probability	1.19	1.06	+0.13
Calmar ratio: Return relative to maximum drawdown	1.13	0.23	+0.90
Martin ratio: Return relative to average drawdown	4.08	0.50	+3.57

IVIAX vs. BLK - Sharpe Ratio Comparison

The current IVIAX Sharpe Ratio is 0.91, which is higher than the BLK Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of IVIAX and BLK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVIAX vs. BLK - Drawdown Comparison

The maximum IVIAX drawdown since its inception was -56.37%, smaller than the maximum BLK drawdown of -60.36%. Use the drawdown chart below to compare losses from any high point for IVIAX and BLK.

Drawdown Indicators

	IVIAX	BLK	Difference
Max Drawdown Largest peak-to-trough decline	-56.37%	-60.36%	+3.99%
Max Drawdown (1Y) Largest decline over 1 year	-14.58%	-22.45%	+7.87%
Max Drawdown (3Y) Largest decline over 3 years	-15.50%	-23.74%	+8.24%
Max Drawdown (5Y) Largest decline over 5 years	-30.25%	-43.90%	+13.65%
Max Drawdown (10Y) Largest decline over 10 years	-40.87%	-43.90%	+3.03%
Current Drawdown Current decline from peak	-0.08%	-14.21%	+14.13%
Average Drawdown Average peak-to-trough decline	-12.28%	-11.93%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.03%	10.21%	-6.18%

Volatility

IVIAX vs. BLK - Volatility Comparison

Delaware Ivy International Core Equity Fund (IVIAX) and BlackRock, Inc. (BLK) have volatilities of 7.26% and 7.59%, 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.

Volatility by Period

	IVIAX	BLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	7.59%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	15.93%	20.80%	-4.87%
Volatility (1Y) Calculated over the trailing 1-year period	18.14%	26.04%	-7.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	26.77%	-9.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	27.69%	-10.20%

Dividends

IVIAX vs. BLK - Dividend Comparison

IVIAX's dividend yield for the trailing twelve months is around 11.04%, more than BLK's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLK BlackRock, Inc.	2.15%	1.95%	1.99%	2.46%	2.75%	1.80%	2.01%	2.63%	3.08%	1.95%	2.41%	2.56%
IVIAX Delaware Ivy International Core Equity Fund	11.04%	12.05%	0.69%	2.55%	0.82%	2.43%	0.98%	2.39%	9.63%	1.01%	1.59%	0.82%

Frequently Asked Questions

Can I hold both IVIAX and BLK in my portfolio?

IVIAX and BLK have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVIAX or BLK?

BLK has higher volatility (7.59%) compared to IVIAX (7.26%). In terms of maximum drawdown, IVIAX dropped -56.37% vs BLK's -60.36%.

Which has better risk-adjusted returns?

IVIAX currently has the higher Sharpe Ratio (0.91 vs 0.20), 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.