OIIEX vs. OILGX

Last updated Aug 4, 2026

OIIEX (Optimum International Fund) and OILGX (Optimum Large Cap Growth Fund) are both mutual funds - OIIEX is a Foreign Large Cap Equities fund managed by Delaware Funds, while OILGX is a Large Cap Growth Equities fund managed by Delaware Funds. Over the past 10 years, OIIEX returned 8.68%/yr vs 16.29%/yr for OILGX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. OIIEX charges 1.04%/yr vs 0.89%/yr for OILGX.

Performance

OIIEX vs. OILGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Optimum International Fund (OIIEX) and Optimum Large Cap Growth Fund (OILGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OIIEX achieves a 14.03% return, which is significantly higher than OILGX's 2.85% return. Over the past 10 years, OIIEX has underperformed OILGX with an annualized return of 8.68%, while OILGX has yielded a comparatively higher 16.29% annualized return.

OIIEX

• 1D: 0.28%
• 1M: -0.39%
• 6M: 7.87%
• YTD: 14.03%
• 1Y: 24.61%
• 3Y*: 17.24%
• 5Y*: 6.61%
• 10Y*: 8.68%
• ALL TIME*: 7.14%

OILGX

• 1D: 1.19%
• 1M: -1.73%
• 6M: 2.94%
• YTD: 2.85%
• 1Y: 13.70%
• 3Y*: 23.84%
• 5Y*: 11.44%
• 10Y*: 16.29%
• ALL TIME*: 11.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OIIEX Optimum International Fund	$0.00	$0.00	$0.00
OILGX Optimum Large Cap Growth Fund	$0.00	$0.00	$0.00

OIIEX vs. OILGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OIIEX Optimum International Fund	14.03%	25.99%	8.41%	17.37%	-23.04%	8.52%	12.57%	19.60%	-13.98%	30.46%
OILGX Optimum Large Cap Growth Fund	2.85%	15.97%	49.90%	41.16%	-34.69%	17.88%	33.81%	31.34%	-0.80%	32.46%

Correlation

The correlation between OIIEX and OILGX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (10Y) Provides a long-term view across more market conditions.	0.71
Correlation (All Time) Calculated using the full available price history since Jul 23, 2003	0.73

The correlation between OIIEX and OILGX has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

Return for Risk

OIIEX vs. OILGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OIIEX

OIIEX Risk / Return Rank: 44
OIIEX Sharpe Ratio Rank: 43
OIIEX Sortino Ratio Rank: 41
OIIEX Omega Ratio Rank: 44
OIIEX Calmar Ratio Rank: 47
OIIEX Martin Ratio Rank: 46

OILGX

OILGX Risk / Return Rank: 15
OILGX Sharpe Ratio Rank: 15
OILGX Sortino Ratio Rank: 15
OILGX Omega Ratio Rank: 15
OILGX Calmar Ratio Rank: 14
OILGX Martin Ratio Rank: 16

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OIIEX vs. OILGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Optimum International Fund (OIIEX) and Optimum Large Cap Growth Fund (OILGX). 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.

	OIIEX	OILGX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.64	+0.73
Sortino ratio: Return per unit of downside risk	1.92	0.99	+0.92
Omega ratio: Gain probability vs. loss probability	1.26	1.12	+0.14
Calmar ratio: Return relative to maximum drawdown	1.96	0.75	+1.21
Martin ratio: Return relative to average drawdown	7.08	2.34	+4.73

OIIEX vs. OILGX - Sharpe Ratio Comparison

The current OIIEX Sharpe Ratio is 1.37, which is higher than the OILGX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of OIIEX and OILGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OIIEX vs. OILGX - Drawdown Comparison

The maximum OIIEX drawdown since its inception was -58.10%, which is greater than OILGX's maximum drawdown of -54.28%. Use the drawdown chart below to compare losses from any high point for OIIEX and OILGX.

Drawdown Indicators

	OIIEX	OILGX	Difference
Max Drawdown Largest peak-to-trough decline	-58.10%	-54.28%	-3.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.93%	-15.31%	+3.38%
Max Drawdown (3Y) Largest decline over 3 years	-14.64%	-23.75%	+9.11%
Max Drawdown (5Y) Largest decline over 5 years	-37.09%	-39.97%	+2.88%
Max Drawdown (10Y) Largest decline over 10 years	-37.43%	-39.97%	+2.54%
Current Drawdown Current decline from peak	-2.97%	-6.81%	+3.84%
Average Drawdown Average peak-to-trough decline	-12.37%	-8.45%	-3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	4.87%	-1.57%

Volatility

OIIEX vs. OILGX - Volatility Comparison

The current volatility for Optimum International Fund (OIIEX) is 5.55%, while Optimum Large Cap Growth Fund (OILGX) has a volatility of 5.87%. This indicates that OIIEX experiences smaller price fluctuations and is considered to be less risky than OILGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OIIEX	OILGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	5.87%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	15.04%	13.95%	+1.09%
Volatility (1Y) Calculated over the trailing 1-year period	17.09%	17.82%	-0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	23.64%	-6.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	22.12%	-4.98%

OIIEX vs. OILGX - Expense Ratio Comparison

OIIEX has a 1.04% expense ratio, which is higher than OILGX's 0.89% expense ratio.

Dividends

OIIEX vs. OILGX - Dividend Comparison

OIIEX's dividend yield for the trailing twelve months is around 1.23%, less than OILGX's 13.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OIIEX Optimum International Fund	1.23%	1.40%	1.62%	1.37%	3.08%	15.53%	3.16%	2.10%	8.98%	2.06%	1.16%	0.80%
OILGX Optimum Large Cap Growth Fund	13.66%	14.05%	20.62%	11.50%	4.95%	14.42%	7.72%	2.98%	14.76%	18.13%	3.68%	10.49%

Frequently Asked Questions

Can I hold both OIIEX and OILGX in my portfolio?

OIIEX and OILGX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OIIEX or OILGX?

OILGX has higher volatility (5.87%) compared to OIIEX (5.55%). In terms of maximum drawdown, OIIEX dropped -58.10% vs OILGX's -54.28%.

Which has better risk-adjusted returns?

OIIEX currently has the higher Sharpe Ratio (1.37 vs 0.64), 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.