IVOIX vs. RFV
Compare and contrast key facts about Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) and Invesco S&P MidCap 400® Pure Value ETF (RFV).
IVOIX is managed by Delaware Funds. It was launched on Oct 1, 2014. RFV is a passively managed fund by Invesco that tracks the performance of the S&P Mid Cap 400 Pure Value. It was launched on Mar 1, 2006.
Performance
IVOIX vs. RFV - Performance Comparison
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IVOIX vs. RFV - 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% |
RFV Invesco S&P MidCap 400® Pure Value ETF | 2.24% | 7.66% | 5.63% | 30.26% | -3.99% | 33.02% | 9.61% | 24.98% | -18.56% | 14.74% |
Returns By Period
In the year-to-date period, IVOIX achieves a -1.41% return, which is significantly lower than RFV's 2.24% return. Over the past 10 years, IVOIX has underperformed RFV with an annualized return of 9.61%, while RFV has yielded a comparatively higher 11.65% annualized return.
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%
RFV
- 1D
- 1.99%
- 1M
- -3.38%
- YTD
- 2.24%
- 6M
- 2.35%
- 1Y
- 16.32%
- 3Y*
- 13.21%
- 5Y*
- 9.38%
- 10Y*
- 11.65%
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IVOIX vs. RFV - Expense Ratio Comparison
IVOIX has a 0.83% expense ratio, which is higher than RFV's 0.35% expense ratio.
Return for Risk
IVOIX vs. RFV — Risk / Return Rank
IVOIX
RFV
IVOIX vs. RFV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) and Invesco S&P MidCap 400® Pure Value ETF (RFV). 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 | RFV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 0.67 | -0.16 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.14 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.06 | -0.53 |
Martin ratioReturn relative to average drawdown | 2.10 | 3.47 | -1.37 |
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 | RFV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.67 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.42 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.47 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.36 | +0.12 |
Correlation
The correlation between IVOIX and RFV is 0.86, 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. RFV - Dividend Comparison
IVOIX's dividend yield for the trailing twelve months is around 15.95%, more than RFV's 2.04% 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% |
RFV Invesco S&P MidCap 400® Pure Value ETF | 2.04% | 2.07% | 1.31% | 1.27% | 2.05% | 1.60% | 1.52% | 1.71% | 1.39% | 1.36% | 0.88% | 1.79% |
Drawdowns
IVOIX vs. RFV - Drawdown Comparison
The maximum IVOIX drawdown since its inception was -41.17%, smaller than the maximum RFV drawdown of -71.82%. Use the drawdown chart below to compare losses from any high point for IVOIX and RFV.
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Drawdown Indicators
| IVOIX | RFV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.17% | -71.82% | +30.65% |
Max Drawdown (1Y)Largest decline over 1 year | -13.95% | -15.62% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.87% | -24.65% | +2.78% |
Max Drawdown (10Y)Largest decline over 10 years | -41.17% | -52.24% | +11.07% |
Current DrawdownCurrent decline from peak | -9.50% | -8.48% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -9.85% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 4.78% | -1.25% |
Volatility
IVOIX vs. RFV - Volatility Comparison
The current volatility for Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) is 4.59%, while Invesco S&P MidCap 400® Pure Value ETF (RFV) has a volatility of 5.23%. This indicates that IVOIX experiences smaller price fluctuations and is considered to be less risky than RFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOIX | RFV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 5.23% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 13.17% | -3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 24.40% | -6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 22.22% | -4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.00% | 25.05% | -6.05% |