WASCX vs. SPGM
Compare and contrast key facts about Delaware Ivy Asset Strategy Fund (WASCX) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM).
WASCX is managed by Ivy Funds. It was launched on Apr 19, 1995. SPGM is a passively managed fund by State Street that tracks the performance of the MSCI AC World IMI. It was launched on Feb 27, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WASCX or SPGM.
Key characteristics
| WASCX | SPGM | |
|---|---|---|
| YTD Return | 14.51% | 17.88% |
| 1Y Return | 20.77% | 25.88% |
| 3Y Return (Ann) | -4.98% | 5.64% |
| 5Y Return (Ann) | 1.34% | 11.30% |
| 10Y Return (Ann) | -2.81% | 9.58% |
| Sharpe Ratio | 2.14 | 2.23 |
| Sortino Ratio | 3.01 | 3.05 |
| Omega Ratio | 1.40 | 1.40 |
| Calmar Ratio | 0.49 | 3.06 |
| Martin Ratio | 14.84 | 14.12 |
| Ulcer Index | 1.38% | 1.85% |
| Daily Std Dev | 9.56% | 11.70% |
| Max Drawdown | -52.62% | -33.96% |
| Current Drawdown | -29.20% | -1.63% |
Correlation
The correlation between WASCX and SPGM is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WASCX vs. SPGM - Performance Comparison
In the year-to-date period, WASCX achieves a 14.51% return, which is significantly lower than SPGM's 17.88% return. Over the past 10 years, WASCX has underperformed SPGM with an annualized return of -2.81%, while SPGM has yielded a comparatively higher 9.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WASCX vs. SPGM - Expense Ratio Comparison
WASCX has a 2.18% expense ratio, which is higher than SPGM's 0.09% expense ratio.
Risk-Adjusted Performance
WASCX vs. SPGM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Asset Strategy Fund (WASCX) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM). 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.
Dividends
WASCX vs. SPGM - Dividend Comparison
WASCX's dividend yield for the trailing twelve months is around 2.24%, more than SPGM's 1.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WASCX Delaware Ivy Asset Strategy Fund | 2.24% | 2.28% | 0.48% | 1.66% | 1.09% | 1.51% | 1.09% | 0.37% | 0.00% | 0.00% | 0.11% | 0.03% |
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 1.72% | 2.09% | 2.37% | 1.94% | 1.45% | 2.46% | 1.89% | 2.29% | 1.87% | 3.70% | 2.18% | 1.74% |
Drawdowns
WASCX vs. SPGM - Drawdown Comparison
The maximum WASCX drawdown since its inception was -52.62%, which is greater than SPGM's maximum drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for WASCX and SPGM. For additional features, visit the drawdowns tool.
Volatility
WASCX vs. SPGM - Volatility Comparison
The current volatility for Delaware Ivy Asset Strategy Fund (WASCX) is 2.57%, while SPDR Portfolio MSCI Global Stock Market ETF (SPGM) has a volatility of 3.10%. This indicates that WASCX experiences smaller price fluctuations and is considered to be less risky than SPGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.