IVOIX vs. FRNKX
IVOIX (Delaware Ivy Mid Cap Income Opportunities Fund) and FRNKX (Frank Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, IVOIX returned 10.17%/yr vs 7.87%/yr for FRNKX. A 0.66 correlation means they provide meaningful diversification when combined. IVOIX charges 0.83%/yr vs 1.37%/yr for FRNKX.
Performance
IVOIX vs. FRNKX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IVOIX achieves a 7.68% return, which is significantly lower than FRNKX's 10.58% return. Over the past 10 years, IVOIX has outperformed FRNKX with an annualized return of 10.17%, while FRNKX has yielded a comparatively lower 7.87% annualized return.
IVOIX
- 1D
- -1.40%
- 1M
- 4.70%
- YTD
- 7.68%
- 6M
- 6.00%
- 1Y
- 13.95%
- 3Y*
- 11.35%
- 5Y*
- 7.66%
- 10Y*
- 10.17%
FRNKX
- 1D
- -1.51%
- 1M
- 5.43%
- YTD
- 10.58%
- 6M
- 9.98%
- 1Y
- 17.50%
- 3Y*
- 16.92%
- 5Y*
- 12.07%
- 10Y*
- 7.87%
IVOIX vs. FRNKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund | 7.68% | 8.91% | 9.08% | 17.95% | -14.67% | 25.76% | 8.17% | 26.84% | -4.27% | 12.28% |
FRNKX Frank Value Fund | 10.58% | 12.05% | 19.31% | 14.88% | 4.23% | 6.46% | 12.84% | 4.15% | -2.24% | -2.81% |
Correlation
The correlation between IVOIX and FRNKX is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.66 |
The correlation between IVOIX and FRNKX has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IVOIX vs. FRNKX — Risk / Return Rank
IVOIX
FRNKX
IVOIX vs. FRNKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) and Frank Value Fund (FRNKX). 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 | FRNKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.59 | -1.10 |
| Martin ratioReturn relative to average drawdown | 4.22 | 6.64 | -2.41 |
Loading charts...
Drawdowns
IVOIX vs. FRNKX - Drawdown Comparison
The maximum IVOIX drawdown since its inception was -41.17%, smaller than the maximum FRNKX drawdown of -97.09%. Use the drawdown chart below to compare losses from any high point for IVOIX and FRNKX.
Loading charts...
Drawdown Indicators
| IVOIX | FRNKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.17% | -97.09% | +55.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -6.95% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -19.75% | -97.09% | +77.34% |
Max Drawdown (5Y)Largest decline over 5 years | -21.87% | -97.09% | +75.22% |
Max Drawdown (10Y)Largest decline over 10 years | -41.17% | -97.09% | +55.92% |
Current DrawdownCurrent decline from peak | -1.40% | -95.86% | +94.46% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -12.18% | +7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.71% | +0.62% |
Volatility
IVOIX vs. FRNKX - Volatility Comparison
Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) and Frank Value Fund (FRNKX) have volatilities of 3.66% and 3.66%, 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.
Loading charts...
Volatility by Period
| IVOIX | FRNKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 3.66% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | 10.64% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 14.85% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 1,805.06% | -1,787.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 1,276.35% | -1,257.31% |
IVOIX vs. FRNKX - Expense Ratio Comparison
IVOIX has a 0.83% expense ratio, which is lower than FRNKX's 1.37% expense ratio.
Dividends
IVOIX vs. FRNKX - Dividend Comparison
IVOIX's dividend yield for the trailing twelve months is around 14.60%, more than FRNKX's 10.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRNKX Frank Value Fund | 10.83% | 11.98% | 4.63% | 10.14% | 8.10% | 4.93% | 0.00% | 0.23% | 3.23% | 0.00% | 3.00% | 7.64% |
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund | 14.60% | 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 FRNKX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRNKX has higher volatility (3.66%) compared to IVOIX (3.66%). In terms of maximum drawdown, IVOIX dropped -41.17% vs FRNKX's -97.09%.
FRNKX currently has the higher Sharpe Ratio (1.22 vs 1.08), 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.
Find the right allocation for IVOIX and FRNKX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer