IVOIX vs. MDYV
Compare and contrast key facts about Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) and SPDR S&P 400 Mid Cap Value ETF (MDYV).
IVOIX is managed by Delaware Funds. It was launched on Oct 1, 2014. MDYV is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Value Index. It was launched on Nov 8, 2005.
Performance
IVOIX vs. MDYV - Performance Comparison
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IVOIX vs. MDYV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund | -1.41% | 8.91% | 9.08% | 17.95% | -14.67% | 25.76% | 8.17% | 26.84% | -4.27% | 12.28% |
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.05% | 7.45% | 11.48% | 15.35% | -7.19% | 30.51% | 3.68% | 25.89% | -11.95% | 12.31% |
Returns By Period
In the year-to-date period, IVOIX achieves a -1.41% return, which is significantly lower than MDYV's 1.05% return. Both investments have delivered pretty close results over the past 10 years, with IVOIX having a 9.61% annualized return and MDYV not far ahead at 9.95%.
IVOIX
- 1D
- -0.18%
- 1M
- -9.50%
- YTD
- -1.41%
- 6M
- -4.11%
- 1Y
- 8.25%
- 3Y*
- 9.61%
- 5Y*
- 5.94%
- 10Y*
- 9.61%
MDYV
- 1D
- 2.37%
- 1M
- -5.21%
- YTD
- 1.05%
- 6M
- 3.03%
- 1Y
- 12.66%
- 3Y*
- 10.86%
- 5Y*
- 7.14%
- 10Y*
- 9.95%
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IVOIX vs. MDYV - Expense Ratio Comparison
IVOIX has a 0.83% expense ratio, which is higher than MDYV's 0.15% expense ratio.
Return for Risk
IVOIX vs. MDYV — Risk / Return Rank
IVOIX
MDYV
IVOIX vs. MDYV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) and SPDR S&P 400 Mid Cap Value ETF (MDYV). 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.
| IVOIX | MDYV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 0.62 | -0.10 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.01 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.14 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.91 | -0.37 |
Martin ratioReturn relative to average drawdown | 2.10 | 3.42 | -1.32 |
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
| IVOIX | MDYV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.62 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.37 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.46 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.40 | +0.08 |
Correlation
The correlation between IVOIX and MDYV is 0.92, 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
IVOIX vs. MDYV - Dividend Comparison
IVOIX's dividend yield for the trailing twelve months is around 15.95%, more than MDYV's 1.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund | 15.95% | 15.79% | 11.69% | 5.43% | 4.44% | 3.50% | 1.75% | 2.05% | 4.31% | 1.42% | 1.10% | 2.10% |
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.86% | 1.72% | 1.89% | 1.59% | 1.90% | 1.74% | 1.69% | 1.83% | 2.28% | 2.48% | 1.83% | 4.31% |
Drawdowns
IVOIX vs. MDYV - Drawdown Comparison
The maximum IVOIX drawdown since its inception was -41.17%, smaller than the maximum MDYV drawdown of -60.71%. Use the drawdown chart below to compare losses from any high point for IVOIX and MDYV.
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Drawdown Indicators
| IVOIX | MDYV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.17% | -60.71% | +19.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.95% | -14.55% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -21.87% | -22.58% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -41.17% | -45.90% | +4.73% |
Current DrawdownCurrent decline from peak | -9.50% | -7.55% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -8.68% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.86% | -0.33% |
Volatility
IVOIX vs. MDYV - Volatility Comparison
The current volatility for Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) is 4.59%, while SPDR S&P 400 Mid Cap Value ETF (MDYV) has a volatility of 5.35%. This indicates that IVOIX experiences smaller price fluctuations and is considered to be less risky than MDYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOIX | MDYV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 5.35% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 11.43% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 20.68% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 19.57% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.00% | 21.90% | -2.90% |