IVOIX vs. DDIIX
IVOIX (Delaware Ivy Mid Cap Income Opportunities Fund) and DDIIX (Delaware Wealth Builder Fund) are both mutual funds - IVOIX is a Mid Cap Value Equities fund managed by Delaware Funds, while DDIIX is a Diversified Portfolio fund managed by Delaware Funds. Over the past 10 years, IVOIX returned 10.26%/yr vs 8.09%/yr for DDIIX. Their correlation of 0.87 suggests significant overlap in exposure. IVOIX charges 0.83%/yr vs 0.84%/yr for DDIIX.
Performance
IVOIX vs. DDIIX - Performance Comparison
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Returns By Period
In the year-to-date period, IVOIX achieves a 7.38% return, which is significantly lower than DDIIX's 9.62% return. Over the past 10 years, IVOIX has outperformed DDIIX with an annualized return of 10.26%, while DDIIX has yielded a comparatively lower 8.09% annualized return.
IVOIX
- 1D
- -0.98%
- 1M
- 1.51%
- YTD
- 7.38%
- 6M
- 5.95%
- 1Y
- 12.33%
- 3Y*
- 12.29%
- 5Y*
- 7.18%
- 10Y*
- 10.26%
DDIIX
- 1D
- -0.29%
- 1M
- 1.01%
- YTD
- 9.62%
- 6M
- 9.13%
- 1Y
- 21.72%
- 3Y*
- 14.26%
- 5Y*
- 8.86%
- 10Y*
- 8.09%
IVOIX vs. DDIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund | 7.38% | 8.91% | 9.08% | 17.95% | -14.67% | 25.76% | 8.17% | 26.84% | -4.27% | 12.28% |
DDIIX Delaware Wealth Builder Fund | 9.62% | 13.58% | 10.69% | 12.44% | -8.50% | 18.09% | 3.11% | 18.09% | -7.03% | 9.40% |
Correlation
The correlation between IVOIX and DDIIX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.87 |
The correlation between IVOIX and DDIIX shifts across timeframes, from 0.77 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IVOIX vs. DDIIX — Risk / Return Rank
IVOIX
DDIIX
IVOIX vs. DDIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) and Delaware Wealth Builder Fund (DDIIX). 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.
| IVOIX | DDIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.49 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.48 | -2.03 |
| Martin ratioReturn relative to average drawdown | 4.10 | 14.92 | -10.82 |
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Drawdowns
IVOIX vs. DDIIX - Drawdown Comparison
The maximum IVOIX drawdown since its inception was -41.17%, smaller than the maximum DDIIX drawdown of -47.01%. Use the drawdown chart below to compare losses from any high point for IVOIX and DDIIX.
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Drawdown Indicators
| IVOIX | DDIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.17% | -47.01% | +5.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -6.46% | -3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.75% | -11.62% | -8.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.87% | -15.70% | -6.17% |
Max Drawdown (10Y)Largest decline over 10 years | -41.17% | -29.46% | -11.71% |
Current DrawdownCurrent decline from peak | -1.67% | -0.82% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -6.42% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 1.50% | +1.84% |
Volatility
IVOIX vs. DDIIX - Volatility Comparison
Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) has a higher volatility of 3.60% compared to Delaware Wealth Builder Fund (DDIIX) at 3.15%. This indicates that IVOIX's price experiences larger fluctuations and is considered to be riskier than DDIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOIX | DDIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.15% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 6.96% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 8.54% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 10.55% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 11.28% | +7.76% |
IVOIX vs. DDIIX - Expense Ratio Comparison
IVOIX has a 0.83% expense ratio, which is lower than DDIIX's 0.84% expense ratio.
Dividends
IVOIX vs. DDIIX - Dividend Comparison
IVOIX's dividend yield for the trailing twelve months is around 14.17%, more than DDIIX's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDIIX Delaware Wealth Builder Fund | 6.53% | 7.38% | 6.40% | 4.23% | 8.05% | 7.15% | 2.54% | 4.46% | 9.67% | 2.88% | 2.19% | 2.79% |
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund | 14.17% | 15.79% | 11.69% | 5.43% | 4.44% | 3.50% | 1.75% | 2.05% | 4.31% | 1.42% | 1.10% | 2.10% |
Frequently Asked Questions
IVOIX and DDIIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOIX has higher volatility (3.60%) compared to DDIIX (3.15%). In terms of maximum drawdown, IVOIX dropped -41.17% vs DDIIX's -47.01%.
DDIIX currently has the higher Sharpe Ratio (2.64 vs 1.04), 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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