IVSIX vs. SPY
Compare and contrast key facts about Delaware Ivy Global Bond Fund (IVSIX) and State Street SPDR S&P 500 ETF (SPY).
IVSIX is managed by Ivy Funds. It was launched on Apr 3, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
IVSIX vs. SPY - Performance Comparison
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IVSIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVSIX Delaware Ivy Global Bond Fund | -0.52% | 4.96% | 2.96% | 7.09% | -8.82% | -0.86% | 8.21% | 7.93% | -0.11% | 5.07% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, IVSIX achieves a -0.52% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, IVSIX has underperformed SPY with an annualized return of 3.04%, while SPY has yielded a comparatively higher 13.98% annualized return.
IVSIX
- 1D
- 0.22%
- 1M
- -2.18%
- YTD
- -0.52%
- 6M
- 0.05%
- 1Y
- 3.38%
- 3Y*
- 3.93%
- 5Y*
- 1.13%
- 10Y*
- 3.04%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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IVSIX vs. SPY - Expense Ratio Comparison
IVSIX has a 0.72% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
IVSIX vs. SPY — Risk / Return Rank
IVSIX
SPY
IVSIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Global Bond Fund (IVSIX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.93 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.45 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.53 | +0.08 |
Martin ratioReturn relative to average drawdown | 5.85 | 7.30 | -1.45 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.93 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.69 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.78 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.56 | +0.28 |
Correlation
The correlation between IVSIX and SPY is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IVSIX vs. SPY - Dividend Comparison
IVSIX's dividend yield for the trailing twelve months is around 4.03%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVSIX Delaware Ivy Global Bond Fund | 4.03% | 4.20% | 3.79% | 2.99% | 3.52% | 2.88% | 2.72% | 2.23% | 3.36% | 2.34% | 2.43% | 3.29% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
IVSIX vs. SPY - Drawdown Comparison
The maximum IVSIX drawdown since its inception was -14.84%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IVSIX and SPY.
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Drawdown Indicators
| IVSIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.84% | -55.19% | +40.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -12.05% | +9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -14.84% | -24.50% | +9.66% |
Max Drawdown (10Y)Largest decline over 10 years | -14.84% | -33.72% | +18.88% |
Current DrawdownCurrent decline from peak | -2.18% | -6.24% | +4.06% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -9.09% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 2.52% | -1.87% |
Volatility
IVSIX vs. SPY - Volatility Comparison
The current volatility for Delaware Ivy Global Bond Fund (IVSIX) is 1.16%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that IVSIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVSIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 5.31% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.87% | 9.47% | -7.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 19.05% | -16.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 17.06% | -13.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.65% | 17.92% | -14.27% |