IVOIX vs. PVMIX
IVOIX (Delaware Ivy Mid Cap Income Opportunities Fund) and PVMIX (Principal MidCap Value Fund I) are both Mid Cap Value Equities funds. Over the past 10 years, IVOIX returned 10.04%/yr vs 12.72%/yr for PVMIX. Their correlation of 0.93 means they have usually moved in the same direction. IVOIX charges 0.83%/yr vs 0.69%/yr for PVMIX.
Performance
IVOIX vs. PVMIX - Performance Comparison
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Returns By Period
In the year-to-date period, IVOIX achieves a 12.04% return, which is significantly lower than PVMIX's 15.94% return. Over the past 10 years, IVOIX has underperformed PVMIX with an annualized return of 10.04%, while PVMIX has yielded a comparatively higher 12.72% 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%
PVMIX
- 1D
- -0.17%
- 1M
- 1.02%
- 6M
- 10.20%
- YTD
- 15.94%
- 1Y
- 21.13%
- 3Y*
- 19.00%
- 5Y*
- 12.66%
- 10Y*
- 12.72%
- ALL TIME*
- 10.81%
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. PVMIX - 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% |
PVMIX Principal MidCap Value Fund I | 15.94% | 6.09% | 33.38% | 11.04% | -5.95% | 30.97% | 6.50% | 26.69% | -11.07% | 14.63% |
Correlation
The correlation between IVOIX and PVMIX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.93 |
The correlation between IVOIX and PVMIX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
IVOIX vs. PVMIX — Risk / Return Rank
IVOIX
PVMIX
IVOIX vs. PVMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) and Principal MidCap Value Fund I (PVMIX). 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 | PVMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.66 | -1.35 |
| Martin ratioReturn relative to average drawdown | 3.77 | 9.59 | -5.82 |
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Drawdowns
IVOIX vs. PVMIX - Drawdown Comparison
The maximum IVOIX drawdown since its inception was -41.17%, smaller than the maximum PVMIX drawdown of -56.76%. Use the drawdown chart below to compare losses from any high point for IVOIX and PVMIX.
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Drawdown Indicators
| IVOIX | PVMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.17% | -56.76% | +15.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -7.37% | -2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -19.75% | -16.78% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -21.87% | -17.05% | -4.82% |
Max Drawdown (10Y)Largest decline over 10 years | -41.17% | -41.34% | +0.17% |
Current DrawdownCurrent decline from peak | -1.72% | -1.00% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -6.79% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.04% | +1.28% |
Volatility
IVOIX vs. PVMIX - Volatility Comparison
Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) has a higher volatility of 3.99% compared to Principal MidCap Value Fund I (PVMIX) at 2.19%. This indicates that IVOIX's price experiences larger fluctuations and is considered to be riskier than PVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOIX | PVMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 2.19% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 8.38% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 11.80% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 18.10% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 19.13% | -0.17% |
IVOIX vs. PVMIX - Expense Ratio Comparison
IVOIX has a 0.83% expense ratio, which is higher than PVMIX's 0.69% expense ratio.
Dividends
IVOIX vs. PVMIX - Dividend Comparison
IVOIX's dividend yield for the trailing twelve months is around 14.00%, more than PVMIX's 6.23% 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% |
PVMIX Principal MidCap Value Fund I | 6.23% | 7.22% | 33.98% | 4.63% | 7.12% | 11.44% | 1.38% | 5.11% | 13.23% | 6.92% | 1.58% | 11.19% |
Frequently Asked Questions
IVOIX and PVMIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOIX has higher volatility (3.99%) compared to PVMIX (2.19%). In terms of maximum drawdown, IVOIX dropped -41.17% vs PVMIX's -56.76%.
PVMIX currently has the higher Sharpe Ratio (1.67 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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