IVINX vs. GMGEX
Compare and contrast key facts about Delaware Ivy Global Growth Fund (IVINX) and GMO Global Equity Allocation Fund (GMGEX).
IVINX is managed by Delaware Funds by Macquarie. It was launched on Apr 29, 1986. GMGEX is managed by GMO. It was launched on Nov 25, 1996.
Performance
IVINX vs. GMGEX - Performance Comparison
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IVINX vs. GMGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVINX Delaware Ivy Global Growth Fund | -4.25% | 17.76% | 17.08% | 19.05% | -18.81% | 17.34% | 20.55% | 25.63% | -6.20% | 24.32% |
GMGEX GMO Global Equity Allocation Fund | 3.72% | 29.14% | 4.12% | 22.27% | -17.07% | 14.99% | 9.55% | 25.45% | -13.04% | 26.39% |
Returns By Period
In the year-to-date period, IVINX achieves a -4.25% return, which is significantly lower than GMGEX's 3.72% return. Both investments have delivered pretty close results over the past 10 years, with IVINX having a 10.22% annualized return and GMGEX not far behind at 9.93%.
IVINX
- 1D
- 3.17%
- 1M
- -6.61%
- YTD
- -4.25%
- 6M
- -3.31%
- 1Y
- 12.53%
- 3Y*
- 14.22%
- 5Y*
- 7.19%
- 10Y*
- 10.22%
GMGEX
- 1D
- 2.68%
- 1M
- -5.76%
- YTD
- 3.72%
- 6M
- 10.13%
- 1Y
- 30.15%
- 3Y*
- 16.98%
- 5Y*
- 8.06%
- 10Y*
- 9.93%
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IVINX vs. GMGEX - Expense Ratio Comparison
IVINX has a 1.28% expense ratio, which is higher than GMGEX's 0.01% expense ratio.
Return for Risk
IVINX vs. GMGEX — Risk / Return Rank
IVINX
GMGEX
IVINX vs. GMGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Global Growth Fund (IVINX) and GMO Global Equity Allocation Fund (GMGEX). 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.
| IVINX | GMGEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 1.94 | -1.19 |
Sortino ratioReturn per unit of downside risk | 1.19 | 2.63 | -1.44 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.39 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.59 | -1.47 |
Martin ratioReturn relative to average drawdown | 4.69 | 11.30 | -6.61 |
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
| IVINX | GMGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.94 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.55 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.62 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.22 | +0.05 |
Correlation
The correlation between IVINX and GMGEX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IVINX vs. GMGEX - Dividend Comparison
IVINX's dividend yield for the trailing twelve months is around 9.30%, more than GMGEX's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVINX Delaware Ivy Global Growth Fund | 9.30% | 8.90% | 3.86% | 6.13% | 77.33% | 6.97% | 5.20% | 0.94% | 12.51% | 7.48% | 0.00% | 2.30% |
GMGEX GMO Global Equity Allocation Fund | 4.52% | 4.69% | 0.29% | 5.62% | 7.81% | 7.76% | 3.83% | 3.14% | 3.14% | 2.90% | 3.71% | 4.20% |
Drawdowns
IVINX vs. GMGEX - Drawdown Comparison
The maximum IVINX drawdown since its inception was -70.19%, which is greater than GMGEX's maximum drawdown of -58.47%. Use the drawdown chart below to compare losses from any high point for IVINX and GMGEX.
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Drawdown Indicators
| IVINX | GMGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.19% | -58.47% | -11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -11.62% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -45.82% | -28.58% | -17.24% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | -34.98% | -10.84% |
Current DrawdownCurrent decline from peak | -13.77% | -6.81% | -6.96% |
Average DrawdownAverage peak-to-trough decline | -20.46% | -16.84% | -3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.66% | +0.07% |
Volatility
IVINX vs. GMGEX - Volatility Comparison
Delaware Ivy Global Growth Fund (IVINX) has a higher volatility of 6.79% compared to GMO Global Equity Allocation Fund (GMGEX) at 6.09%. This indicates that IVINX's price experiences larger fluctuations and is considered to be riskier than GMGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVINX | GMGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 6.09% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 9.78% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 15.72% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.54% | 14.74% | +27.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.91% | 16.02% | +16.89% |