OIFIX vs. DEVLX
Compare and contrast key facts about Optimum Fixed Income Fund (OIFIX) and Delaware Small Cap Value Fund (DEVLX).
OIFIX is managed by Delaware Funds. It was launched on Aug 1, 2003. DEVLX is managed by Delaware Funds. It was launched on Jun 24, 1987.
Performance
OIFIX vs. DEVLX - Performance Comparison
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OIFIX vs. DEVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIFIX Optimum Fixed Income Fund | -0.72% | 7.64% | 1.49% | 5.90% | -13.96% | -1.78% | 11.14% | 8.63% | -0.70% | 4.50% |
DEVLX Delaware Small Cap Value Fund | 3.11% | 7.66% | 10.87% | 9.22% | -12.46% | 33.85% | -0.79% | 27.85% | -17.70% | 11.69% |
Returns By Period
In the year-to-date period, OIFIX achieves a -0.72% return, which is significantly lower than DEVLX's 3.11% return. Over the past 10 years, OIFIX has underperformed DEVLX with an annualized return of 2.07%, while DEVLX has yielded a comparatively higher 8.78% annualized return.
OIFIX
- 1D
- 0.49%
- 1M
- -2.37%
- YTD
- -0.72%
- 6M
- 0.35%
- 1Y
- 3.88%
- 3Y*
- 3.78%
- 5Y*
- 0.06%
- 10Y*
- 2.07%
DEVLX
- 1D
- -0.54%
- 1M
- -6.44%
- YTD
- 3.11%
- 6M
- 6.10%
- 1Y
- 17.21%
- 3Y*
- 11.02%
- 5Y*
- 5.61%
- 10Y*
- 8.78%
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OIFIX vs. DEVLX - Expense Ratio Comparison
OIFIX has a 0.80% expense ratio, which is lower than DEVLX's 1.11% expense ratio.
Return for Risk
OIFIX vs. DEVLX — Risk / Return Rank
OIFIX
DEVLX
OIFIX vs. DEVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Optimum Fixed Income Fund (OIFIX) and Delaware Small Cap Value Fund (DEVLX). 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.
| OIFIX | DEVLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.84 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.30 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.06 | +0.55 |
Martin ratioReturn relative to average drawdown | 4.82 | 4.11 | +0.71 |
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
| OIFIX | DEVLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.84 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.27 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.38 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.52 | +0.37 |
Correlation
The correlation between OIFIX and DEVLX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
OIFIX vs. DEVLX - Dividend Comparison
OIFIX's dividend yield for the trailing twelve months is around 3.89%, less than DEVLX's 13.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIFIX Optimum Fixed Income Fund | 3.89% | 3.86% | 3.97% | 3.23% | 3.42% | 2.21% | 6.88% | 3.22% | 2.43% | 2.50% | 2.17% | 3.24% |
DEVLX Delaware Small Cap Value Fund | 13.34% | 13.76% | 12.67% | 7.54% | 4.37% | 4.43% | 1.37% | 4.29% | 8.80% | 1.34% | 0.52% | 7.01% |
Drawdowns
OIFIX vs. DEVLX - Drawdown Comparison
The maximum OIFIX drawdown since its inception was -19.46%, smaller than the maximum DEVLX drawdown of -60.08%. Use the drawdown chart below to compare losses from any high point for OIFIX and DEVLX.
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Drawdown Indicators
| OIFIX | DEVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.46% | -60.08% | +40.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -13.91% | +11.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -24.80% | +5.50% |
Max Drawdown (10Y)Largest decline over 10 years | -19.46% | -46.48% | +27.02% |
Current DrawdownCurrent decline from peak | -2.93% | -8.37% | +5.44% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -8.32% | +5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 3.58% | -2.62% |
Volatility
OIFIX vs. DEVLX - Volatility Comparison
The current volatility for Optimum Fixed Income Fund (OIFIX) is 1.66%, while Delaware Small Cap Value Fund (DEVLX) has a volatility of 5.26%. This indicates that OIFIX experiences smaller price fluctuations and is considered to be less risky than DEVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIFIX | DEVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 5.26% | -3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 11.61% | -9.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.47% | 21.22% | -16.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 21.05% | -15.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 23.48% | -18.63% |