WASCX vs. PFADX

Last updated Jun 4, 2026

WASCX (Delaware Ivy Asset Strategy Fund) and PFADX (PFG BNY Mellon Diversifier Strategy Fund) are both Global Allocation funds. Over the past 5 years, WASCX returned 7.35%/yr vs 1.41%/yr for PFADX. A 0.67 correlation means they provide meaningful diversification when combined. WASCX charges 2.18%/yr vs 2.05%/yr for PFADX.

Performance

WASCX vs. PFADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Ivy Asset Strategy Fund (WASCX) and PFG BNY Mellon Diversifier Strategy Fund (PFADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WASCX achieves a 6.61% return, which is significantly higher than PFADX's 3.38% return.

WASCX

• 1D: 0.00%
• 1M: 2.91%
• YTD: 6.61%
• 6M: 7.44%
• 1Y: 16.35%
• 3Y*: 15.33%
• 5Y*: 7.35%
• 10Y*: 8.55%

PFADX

• 1D: 0.30%
• 1M: 0.70%
• YTD: 3.38%
• 6M: 3.38%
• 1Y: 9.29%
• 3Y*: 5.36%
• 5Y*: 1.41%
• 10Y*: —

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

WASCX vs. PFADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WASCX Delaware Ivy Asset Strategy Fund	6.61%	16.07%	13.12%	14.62%	-14.57%	12.88%	12.53%	20.90%	-5.98%	0.04%
PFADX PFG BNY Mellon Diversifier Strategy Fund	3.38%	7.07%	2.13%	3.69%	-9.50%	3.85%	7.25%	8.16%	-5.20%	0.00%

Correlation

The correlation between WASCX and PFADX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Dec 28, 2017	0.67

The correlation between WASCX and PFADX has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.

Return for Risk

WASCX vs. PFADX — Risk / Return Rank

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

WASCX

WASCX Risk / Return Rank: 32
WASCX Sharpe Ratio Rank: 32
WASCX Sortino Ratio Rank: 32
WASCX Omega Ratio Rank: 36
WASCX Calmar Ratio Rank: 25
WASCX Martin Ratio Rank: 37

PFADX

PFADX Risk / Return Rank: 52
PFADX Sharpe Ratio Rank: 56
PFADX Sortino Ratio Rank: 57
PFADX Omega Ratio Rank: 57
PFADX Calmar Ratio Rank: 47
PFADX Martin Ratio Rank: 43

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.

WASCX vs. PFADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Asset Strategy Fund (WASCX) and PFG BNY Mellon Diversifier Strategy Fund (PFADX). 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.

	WASCX	PFADX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.21	-0.58
Sortino ratio: Return per unit of downside risk	2.36	3.17	-0.81
Omega ratio: Gain probability vs. loss probability	1.32	1.42	-0.10
Calmar ratio: Return relative to maximum drawdown	1.85	2.60	-0.75
Martin ratio: Return relative to average drawdown	8.14	9.10	-0.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WASCX vs. PFADX - Sharpe Ratio Comparison

The current WASCX Sharpe Ratio is 1.63, which is comparable to the PFADX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of WASCX and PFADX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WASCX	PFADX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	2.21	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.24	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.42	+0.13

Drawdowns

WASCX vs. PFADX - Drawdown Comparison

The maximum WASCX drawdown since its inception was -36.09%, which is greater than PFADX's maximum drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for WASCX and PFADX.

Drawdown Indicators

	WASCX	PFADX	Difference
Max Drawdown Largest peak-to-trough decline	-36.09%	-16.64%	-19.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-3.63%	-5.39%
Max Drawdown (3Y) Largest decline over 3 years	-11.21%	-6.38%	-4.83%
Max Drawdown (5Y) Largest decline over 5 years	-28.99%	-16.64%	-12.35%
Max Drawdown (10Y) Largest decline over 10 years	-29.42%	—	—
Current Drawdown Current decline from peak	0.00%	-0.98%	+0.98%
Average Drawdown Average peak-to-trough decline	-7.47%	-5.30%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.04%	+1.00%

Volatility

WASCX vs. PFADX - Volatility Comparison

Delaware Ivy Asset Strategy Fund (WASCX) has a higher volatility of 3.35% compared to PFG BNY Mellon Diversifier Strategy Fund (PFADX) at 1.53%. This indicates that WASCX's price experiences larger fluctuations and is considered to be riskier than PFADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WASCX	PFADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	1.53%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	3.40%	+5.54%
Volatility (1Y) Calculated over the trailing 1-year period	10.24%	4.27%	+5.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.68%	5.86%	+11.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.60%	5.54%	+10.06%

WASCX vs. PFADX - Expense Ratio Comparison

WASCX has a 2.18% expense ratio, which is higher than PFADX's 2.05% expense ratio.

Dividends

WASCX vs. PFADX - Dividend Comparison

WASCX's dividend yield for the trailing twelve months is around 10.04%, more than PFADX's 2.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PFADX PFG BNY Mellon Diversifier Strategy Fund	2.38%	2.46%	2.89%	1.04%	5.33%	3.46%	0.08%	1.51%	0.91%	0.52%	0.00%	0.00%
WASCX Delaware Ivy Asset Strategy Fund	10.04%	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

Can I hold both WASCX and PFADX in my portfolio?

WASCX and PFADX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WASCX or PFADX?

WASCX has higher volatility (3.35%) compared to PFADX (1.53%). In terms of maximum drawdown, WASCX dropped -36.09% vs PFADX's -16.64%.

Which has better risk-adjusted returns?

PFADX currently has the higher Sharpe Ratio (2.21 vs 1.63), 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.