IVSIX vs. PRSNX
IVSIX (Delaware Ivy Global Bond Fund) and PRSNX (T. Rowe Price Global Multi-Sector Bond Fund) are both Global Bonds funds. Over the past 10 years, IVSIX returned 2.99%/yr vs 3.90%/yr for PRSNX. A 0.63 correlation means they provide meaningful diversification when combined. IVSIX charges 0.72%/yr vs 0.65%/yr for PRSNX.
Performance
IVSIX vs. PRSNX - Performance Comparison
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Returns By Period
In the year-to-date period, IVSIX achieves a 0.92% return, which is significantly lower than PRSNX's 1.82% return. Over the past 10 years, IVSIX has underperformed PRSNX with an annualized return of 2.99%, while PRSNX has yielded a comparatively higher 3.90% annualized return.
IVSIX
- 1D
- 0.11%
- 1M
- 0.82%
- YTD
- 0.92%
- 6M
- 0.76%
- 1Y
- 4.27%
- 3Y*
- 4.63%
- 5Y*
- 1.21%
- 10Y*
- 2.99%
PRSNX
- 1D
- 0.00%
- 1M
- 0.69%
- YTD
- 1.82%
- 6M
- 3.04%
- 1Y
- 7.63%
- 3Y*
- 8.29%
- 5Y*
- 2.12%
- 10Y*
- 3.90%
IVSIX vs. PRSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVSIX Delaware Ivy Global Bond Fund | 0.92% | 4.96% | 2.96% | 7.09% | -8.82% | -0.86% | 8.21% | 7.93% | -0.11% | 5.07% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 1.82% | 9.31% | 5.60% | 12.77% | -16.27% | 0.40% | 8.16% | 11.94% | 0.45% | 6.47% |
Correlation
The correlation between IVSIX and PRSNX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2008 | 0.63 |
The correlation between IVSIX and PRSNX shifts across timeframes, from 0.63 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IVSIX vs. PRSNX — Risk / Return Rank
IVSIX
PRSNX
IVSIX vs. PRSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Global Bond Fund (IVSIX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX). 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.
| IVSIX | PRSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.67 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 3.66 | -1.81 |
| Martin ratioReturn relative to average drawdown | 5.45 | 16.41 | -10.96 |
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
| IVSIX | PRSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 2.77 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.50 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.95 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.43 | -0.58 |
Drawdowns
IVSIX vs. PRSNX - Drawdown Comparison
The maximum IVSIX drawdown since its inception was -14.84%, smaller than the maximum PRSNX drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for IVSIX and PRSNX.
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Drawdown Indicators
| IVSIX | PRSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.84% | -19.70% | +4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -2.18% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -2.87% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -14.84% | -19.70% | +4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -14.84% | -19.70% | +4.86% |
Current DrawdownCurrent decline from peak | -0.75% | -0.10% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -2.36% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.48% | +0.33% |
Volatility
IVSIX vs. PRSNX - Volatility Comparison
Delaware Ivy Global Bond Fund (IVSIX) has a higher volatility of 1.16% compared to T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) at 0.83%. This indicates that IVSIX's price experiences larger fluctuations and is considered to be riskier than PRSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVSIX | PRSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.83% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 2.31% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 2.88% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 4.30% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.67% | 4.13% | -0.46% |
IVSIX vs. PRSNX - Expense Ratio Comparison
IVSIX has a 0.72% expense ratio, which is higher than PRSNX's 0.65% expense ratio.
Dividends
IVSIX vs. PRSNX - Dividend Comparison
IVSIX's dividend yield for the trailing twelve months is around 3.88%, less than PRSNX's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVSIX Delaware Ivy Global Bond Fund | 3.88% | 4.20% | 3.79% | 2.99% | 3.52% | 2.88% | 2.72% | 2.23% | 3.36% | 2.34% | 2.43% | 3.29% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 6.63% | 7.87% | 6.36% | 5.08% | 3.30% | 3.95% | 3.68% | 6.33% | 4.89% | 3.59% | 3.44% | 3.60% |
Frequently Asked Questions
IVSIX and PRSNX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVSIX has higher volatility (1.16%) compared to PRSNX (0.83%). In terms of maximum drawdown, IVSIX dropped -14.84% vs PRSNX's -19.70%.
PRSNX currently has the higher Sharpe Ratio (2.77 vs 1.53), 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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