OILVX vs. IVOIX

Last updated Jul 14, 2026

OILVX (Optimum Large Cap Value Fund) and IVOIX (Delaware Ivy Mid Cap Income Opportunities Fund) are both mutual funds - OILVX is a Large Cap Value Equities fund managed by Delaware Funds, while IVOIX is a Mid Cap Value Equities fund managed by Delaware Funds. Over the past 10 years, OILVX returned 10.80%/yr vs 9.93%/yr for IVOIX. Their correlation of 0.89 suggests significant overlap in exposure. OILVX charges 0.92%/yr vs 0.83%/yr for IVOIX.

Performance

OILVX vs. IVOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Optimum Large Cap Value Fund (OILVX) and Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with OILVX having a 10.64% return and IVOIX slightly lower at 10.25%. Over the past 10 years, OILVX has outperformed IVOIX with an annualized return of 10.80%, while IVOIX has yielded a comparatively lower 9.93% annualized return.

OILVX

• 1D: 0.32%
• 1M: 1.68%
• 6M: 7.43%
• YTD: 10.64%
• 1Y: 18.46%
• 3Y*: 15.06%
• 5Y*: 9.99%
• 10Y*: 10.80%

IVOIX

• 1D: 0.54%
• 1M: 1.45%
• 6M: 5.07%
• YTD: 10.25%
• 1Y: 11.17%
• 3Y*: 11.80%
• 5Y*: 7.21%
• 10Y*: 9.93%

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

OILVX vs. IVOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OILVX Optimum Large Cap Value Fund	10.64%	14.79%	13.63%	9.90%	-6.05%	27.17%	3.39%	27.97%	-9.38%	16.40%
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund	10.25%	8.91%	9.08%	17.95%	-14.67%	25.76%	8.17%	26.84%	-4.27%	12.28%

Correlation

The correlation between OILVX and IVOIX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.89

The correlation between OILVX and IVOIX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

Return for Risk

OILVX vs. IVOIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OILVX

OILVX Risk / Return Rank: 61
OILVX Sharpe Ratio Rank: 59
OILVX Sortino Ratio Rank: 59
OILVX Omega Ratio Rank: 53
OILVX Calmar Ratio Rank: 67
OILVX Martin Ratio Rank: 67

IVOIX

IVOIX Risk / Return Rank: 17
IVOIX Sharpe Ratio Rank: 17
IVOIX Sortino Ratio Rank: 18
IVOIX Omega Ratio Rank: 16
IVOIX Calmar Ratio Rank: 19
IVOIX Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OILVX vs. IVOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Optimum Large Cap Value Fund (OILVX) and Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX). 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.

	OILVX	IVOIX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	0.85	+0.85
Sortino ratio: Return per unit of downside risk	2.43	1.31	+1.13
Omega ratio: Gain probability vs. loss probability	1.30	1.15	+0.15
Calmar ratio: Return relative to maximum drawdown	2.52	1.16	+1.36
Martin ratio: Return relative to average drawdown	10.01	3.28	+6.73

OILVX vs. IVOIX - Sharpe Ratio Comparison

The current OILVX Sharpe Ratio is 1.70, which is higher than the IVOIX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of OILVX and IVOIX, 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

OILVX vs. IVOIX - Drawdown Comparison

The maximum OILVX drawdown since its inception was -56.56%, which is greater than IVOIX's maximum drawdown of -41.17%. Use the drawdown chart below to compare losses from any high point for OILVX and IVOIX.

Drawdown Indicators

	OILVX	IVOIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.56%	-41.17%	-15.39%
Max Drawdown (1Y) Largest decline over 1 year	-7.11%	-9.50%	+2.39%
Max Drawdown (3Y) Largest decline over 3 years	-14.78%	-19.75%	+4.97%
Max Drawdown (5Y) Largest decline over 5 years	-18.17%	-21.87%	+3.70%
Max Drawdown (10Y) Largest decline over 10 years	-36.99%	-41.17%	+4.18%
Current Drawdown Current decline from peak	-0.23%	-0.27%	+0.04%
Average Drawdown Average peak-to-trough decline	-7.28%	-4.94%	-2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	3.33%	-1.54%

Volatility

OILVX vs. IVOIX - Volatility Comparison

Optimum Large Cap Value Fund (OILVX) and Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) have volatilities of 3.07% and 3.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILVX	IVOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	3.11%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	9.49%	-1.71%
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	12.88%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	17.37%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	18.94%	-0.85%

OILVX vs. IVOIX - Expense Ratio Comparison

OILVX has a 0.92% expense ratio, which is higher than IVOIX's 0.83% expense ratio.

Dividends

OILVX vs. IVOIX - Dividend Comparison

OILVX's dividend yield for the trailing twelve months is around 7.02%, less than IVOIX's 14.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund	14.22%	15.79%	11.69%	5.43%	4.44%	3.50%	1.75%	2.05%	4.31%	1.42%	1.10%	2.10%
OILVX Optimum Large Cap Value Fund	7.02%	7.76%	7.30%	16.51%	6.33%	7.55%	2.02%	2.74%	4.72%	5.68%	13.20%	1.28%

Frequently Asked Questions

Can I hold both OILVX and IVOIX in my portfolio?

OILVX and IVOIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILVX or IVOIX?

IVOIX has higher volatility (3.11%) compared to OILVX (3.07%). In terms of maximum drawdown, OILVX dropped -56.56% vs IVOIX's -41.17%.

Which has better risk-adjusted returns?

OILVX currently has the higher Sharpe Ratio (1.70 vs 0.85), 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.