WASCX vs. AOA
WASCX (Delaware Ivy Asset Strategy Fund) and AOA (iShares Core 80/20 Aggressive Allocation ETF) are both funds - WASCX is a Global Allocation fund managed by Ivy Funds, while AOA is a Diversified Portfolio fund tracking the S&P Target Risk Aggressive Index. Over the past 10 years, WASCX returned 8.63%/yr vs 10.74%/yr for AOA. Their correlation of 0.86 suggests significant overlap in exposure. WASCX charges 2.18%/yr vs 0.15%/yr for AOA.
Performance
WASCX vs. AOA - Performance Comparison
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Returns By Period
In the year-to-date period, WASCX achieves a 5.36% return, which is significantly lower than AOA's 8.19% return. Over the past 10 years, WASCX has underperformed AOA with an annualized return of 8.63%, while AOA has yielded a comparatively higher 10.74% annualized return.
WASCX
- 1D
- -1.41%
- 1M
- -0.00%
- YTD
- 5.36%
- 6M
- 4.73%
- 1Y
- 14.13%
- 3Y*
- 14.57%
- 5Y*
- 7.22%
- 10Y*
- 8.63%
AOA
- 1D
- -1.54%
- 1M
- -0.18%
- YTD
- 8.19%
- 6M
- 7.63%
- 1Y
- 21.66%
- 3Y*
- 16.66%
- 5Y*
- 8.78%
- 10Y*
- 10.74%
WASCX vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WASCX Delaware Ivy Asset Strategy Fund | 5.36% | 16.07% | 13.12% | 14.62% | -14.57% | 12.88% | 12.53% | 20.90% | -5.98% | 17.53% |
AOA iShares Core 80/20 Aggressive Allocation ETF | 8.19% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 22.60% | -7.86% | 20.05% |
Correlation
The correlation between WASCX and AOA is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2008 | 0.86 |
The correlation between WASCX and AOA has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
WASCX vs. AOA — Risk / Return Rank
WASCX
AOA
WASCX vs. AOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Asset Strategy Fund (WASCX) and iShares Core 80/20 Aggressive Allocation ETF (AOA). 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.
| WASCX | AOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.65 | -1.02 |
| Martin ratioReturn relative to average drawdown | 7.11 | 11.52 | -4.41 |
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Drawdowns
WASCX vs. AOA - Drawdown Comparison
The maximum WASCX drawdown since its inception was -36.09%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for WASCX and AOA.
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Drawdown Indicators
| WASCX | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.09% | -28.38% | -7.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -8.20% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -11.21% | -12.94% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -28.99% | -23.62% | -5.37% |
Max Drawdown (10Y)Largest decline over 10 years | -29.42% | -28.38% | -1.04% |
Current DrawdownCurrent decline from peak | -1.41% | -2.08% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -4.04% | -3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.88% | +0.19% |
Volatility
WASCX vs. AOA - Volatility Comparison
Delaware Ivy Asset Strategy Fund (WASCX) and iShares Core 80/20 Aggressive Allocation ETF (AOA) have volatilities of 4.63% and 4.43%, 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.
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Volatility by Period
| WASCX | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.43% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 9.34% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.13% | 11.25% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 13.09% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | 13.51% | +2.15% |
WASCX vs. AOA - Expense Ratio Comparison
WASCX has a 2.18% expense ratio, which is higher than AOA's 0.15% expense ratio.
Dividends
WASCX vs. AOA - Dividend Comparison
WASCX's dividend yield for the trailing twelve months is around 9.82%, more than AOA's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.08% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
WASCX Delaware Ivy Asset Strategy Fund | 9.82% | 10.75% | 8.30% | 2.28% | 18.75% | 11.68% | 2.22% | 5.49% | 20.62% | 2.37% | 0.00% | 6.52% |
Frequently Asked Questions
With a correlation of 0.94, WASCX and AOA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
WASCX has higher volatility (4.63%) compared to AOA (4.43%). In terms of maximum drawdown, WASCX dropped -36.09% vs AOA's -28.38%.
AOA currently has the higher Sharpe Ratio (1.94 vs 1.33), 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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