IVOIX vs. OISGX
IVOIX (Delaware Ivy Mid Cap Income Opportunities Fund) and OISGX (Optimum Small-Mid Cap Growth Fund) are both mutual funds - IVOIX is a Mid Cap Value Equities fund managed by Delaware Funds, while OISGX is a Small Cap Growth Equities fund managed by Delaware Funds. Over the past 10 years, IVOIX returned 10.04%/yr vs 12.44%/yr for OISGX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. IVOIX charges 0.83%/yr vs 1.29%/yr for OISGX.
Performance
IVOIX vs. OISGX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IVOIX having a 12.04% return and OISGX slightly lower at 11.93%. Over the past 10 years, IVOIX has underperformed OISGX with an annualized return of 10.04%, while OISGX has yielded a comparatively higher 12.44% annualized return.
IVOIX
- 1D
- -1.05%
- 1M
- 1.40%
- 6M
- 7.79%
- YTD
- 12.04%
- 1Y
- 13.91%
- 3Y*
- 11.68%
- 5Y*
- 7.46%
- 10Y*
- 10.04%
- ALL TIME*
- 9.83%
OISGX
- 1D
- 2.23%
- 1M
- -4.98%
- 6M
- 9.83%
- YTD
- 11.93%
- 1Y
- 24.92%
- 3Y*
- 11.15%
- 5Y*
- 3.76%
- 10Y*
- 12.44%
- ALL TIME*
- 9.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IVOIX vs. OISGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund | 12.04% | 8.91% | 9.08% | 17.95% | -14.67% | 25.76% | 8.17% | 26.84% | -4.27% | 12.28% |
OISGX Optimum Small-Mid Cap Growth Fund | 11.93% | 9.56% | 14.23% | 13.92% | -28.00% | 12.89% | 57.04% | 25.72% | -3.00% | 27.59% |
Correlation
The correlation between IVOIX and OISGX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.80 |
The correlation between IVOIX and OISGX shifts across timeframes, from 0.64 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IVOIX vs. OISGX — Risk / Return Rank
IVOIX
OISGX
IVOIX vs. OISGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) and Optimum Small-Mid Cap Growth Fund (OISGX). 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 | OISGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.40 | -0.08 |
| Martin ratioReturn relative to average drawdown | 3.77 | 5.11 | -1.34 |
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Drawdowns
IVOIX vs. OISGX - Drawdown Comparison
The maximum IVOIX drawdown since its inception was -41.17%, smaller than the maximum OISGX drawdown of -62.75%. Use the drawdown chart below to compare losses from any high point for IVOIX and OISGX.
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Drawdown Indicators
| IVOIX | OISGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.17% | -62.75% | +21.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -15.52% | +6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -19.75% | -29.82% | +10.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.87% | -35.63% | +13.76% |
Max Drawdown (10Y)Largest decline over 10 years | -41.17% | -39.22% | -1.95% |
Current DrawdownCurrent decline from peak | -1.72% | -7.42% | +5.70% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -12.19% | +7.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 4.25% | -0.93% |
Volatility
IVOIX vs. OISGX - Volatility Comparison
The current volatility for Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) is 3.99%, while Optimum Small-Mid Cap Growth Fund (OISGX) has a volatility of 5.73%. This indicates that IVOIX experiences smaller price fluctuations and is considered to be less risky than OISGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOIX | OISGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 5.73% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 17.08% | -7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 21.69% | -8.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 23.33% | -5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 23.45% | -4.49% |
IVOIX vs. OISGX - Expense Ratio Comparison
IVOIX has a 0.83% expense ratio, which is lower than OISGX's 1.29% expense ratio.
Dividends
IVOIX vs. OISGX - Dividend Comparison
IVOIX's dividend yield for the trailing twelve months is around 14.00%, more than OISGX's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund | 14.00% | 15.79% | 11.69% | 5.43% | 4.44% | 3.50% | 1.75% | 2.05% | 4.31% | 1.42% | 1.10% | 2.10% |
OISGX Optimum Small-Mid Cap Growth Fund | 2.37% | 2.65% | 0.00% | 0.00% | 8.92% | 32.79% | 15.04% | 9.33% | 24.93% | 4.21% | 0.00% | 15.87% |
Frequently Asked Questions
IVOIX and OISGX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OISGX has higher volatility (5.73%) compared to IVOIX (3.99%). In terms of maximum drawdown, IVOIX dropped -41.17% vs OISGX's -62.75%.
OISGX currently has the higher Sharpe Ratio (1.00 vs 0.96), 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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