WLGAX vs. FIUSX

Last updated Jun 5, 2026

WLGAX (Delaware Ivy Large Cap Growth Fund) and FIUSX (Delaware Opportunity Fund) are both mutual funds - WLGAX is a Large Cap Growth Equities fund managed by Delaware Funds, while FIUSX is a Mid Cap Value Equities fund managed by Delaware Funds. Over the past 10 years, WLGAX returned 15.96%/yr vs 11.07%/yr for FIUSX. Their correlation of 0.81 suggests significant overlap in exposure. WLGAX charges 0.89%/yr vs 1.15%/yr for FIUSX.

Performance

WLGAX vs. FIUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Ivy Large Cap Growth Fund (WLGAX) and Delaware Opportunity Fund (FIUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WLGAX achieves a 0.82% return, which is significantly lower than FIUSX's 18.90% return. Over the past 10 years, WLGAX has outperformed FIUSX with an annualized return of 15.96%, while FIUSX has yielded a comparatively lower 11.07% annualized return.

WLGAX

• 1D: -1.31%
• 1M: 3.46%
• YTD: 0.82%
• 6M: 1.18%
• 1Y: 9.54%
• 3Y*: 15.71%
• 5Y*: 10.49%
• 10Y*: 15.96%

FIUSX

• 1D: 0.08%
• 1M: 1.41%
• YTD: 18.90%
• 6M: 18.41%
• 1Y: 34.96%
• 3Y*: 20.09%
• 5Y*: 10.63%
• 10Y*: 11.07%

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

WLGAX vs. FIUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WLGAX Delaware Ivy Large Cap Growth Fund	0.82%	8.89%	25.97%	37.78%	-27.04%	29.95%	30.75%	36.52%	2.37%	29.02%
FIUSX Delaware Opportunity Fund	18.90%	12.60%	14.07%	11.68%	-9.62%	30.95%	0.88%	29.58%	-15.71%	18.67%

Correlation

The correlation between WLGAX and FIUSX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jul 3, 2000	0.81

Over the past year, the correlation between WLGAX and FIUSX has dropped to 0.45 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

WLGAX vs. FIUSX — Risk / Return Rank

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

WLGAX

WLGAX Risk / Return Rank: 8
WLGAX Sharpe Ratio Rank: 9
WLGAX Sortino Ratio Rank: 8
WLGAX Omega Ratio Rank: 9
WLGAX Calmar Ratio Rank: 6
WLGAX Martin Ratio Rank: 7

FIUSX

FIUSX Risk / Return Rank: 80
FIUSX Sharpe Ratio Rank: 75
FIUSX Sortino Ratio Rank: 74
FIUSX Omega Ratio Rank: 65
FIUSX Calmar Ratio Rank: 93
FIUSX Martin Ratio Rank: 92

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.

WLGAX vs. FIUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Large Cap Growth Fund (WLGAX) and Delaware Opportunity Fund (FIUSX). 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.

	WLGAX	FIUSX	Difference
Sharpe ratio: Return per unit of total volatility	0.71	2.51	-1.80
Sortino ratio: Return per unit of downside risk	1.03	3.60	-2.57
Omega ratio: Gain probability vs. loss probability	1.13	1.45	-0.31
Calmar ratio: Return relative to maximum drawdown	0.55	5.12	-4.56
Martin ratio: Return relative to average drawdown	1.67	19.10	-17.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WLGAX vs. FIUSX - Sharpe Ratio Comparison

The current WLGAX Sharpe Ratio is 0.71, which is lower than the FIUSX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of WLGAX and FIUSX, 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

	WLGAX	FIUSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	2.51	-1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.59	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.54	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.45	+0.01

Drawdowns

WLGAX vs. FIUSX - Drawdown Comparison

The maximum WLGAX drawdown since its inception was -49.78%, smaller than the maximum FIUSX drawdown of -56.30%. Use the drawdown chart below to compare losses from any high point for WLGAX and FIUSX.

Drawdown Indicators

	WLGAX	FIUSX	Difference
Max Drawdown Largest peak-to-trough decline	-49.78%	-56.30%	+6.52%
Max Drawdown (1Y) Largest decline over 1 year	-18.12%	-6.75%	-11.37%
Max Drawdown (3Y) Largest decline over 3 years	-19.31%	-21.69%	+2.38%
Max Drawdown (5Y) Largest decline over 5 years	-37.00%	-21.69%	-15.31%
Max Drawdown (10Y) Largest decline over 10 years	-37.00%	-46.38%	+9.38%
Current Drawdown Current decline from peak	-2.36%	0.00%	-2.36%
Average Drawdown Average peak-to-trough decline	-13.13%	-9.45%	-3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.99%	1.80%	+4.19%

Volatility

WLGAX vs. FIUSX - Volatility Comparison

The current volatility for Delaware Ivy Large Cap Growth Fund (WLGAX) is 3.89%, while Delaware Opportunity Fund (FIUSX) has a volatility of 4.21%. This indicates that WLGAX experiences smaller price fluctuations and is considered to be less risky than FIUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WLGAX	FIUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	4.21%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	10.46%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	14.22%	13.81%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.61%	18.17%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.69%	20.57%	+0.12%

WLGAX vs. FIUSX - Expense Ratio Comparison

WLGAX has a 0.89% expense ratio, which is lower than FIUSX's 1.15% expense ratio.

Dividends

WLGAX vs. FIUSX - Dividend Comparison

WLGAX's dividend yield for the trailing twelve months is around 8.34%, less than FIUSX's 9.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIUSX Delaware Opportunity Fund	9.70%	11.53%	12.68%	2.85%	8.96%	5.62%	1.60%	40.65%	12.11%	6.00%	4.23%	1.14%
WLGAX Delaware Ivy Large Cap Growth Fund	8.34%	8.41%	3.31%	3.07%	12.91%	9.68%	6.56%	12.84%	14.16%	4.45%	5.19%	6.43%

Frequently Asked Questions

Can I hold both WLGAX and FIUSX in my portfolio?

WLGAX and FIUSX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WLGAX or FIUSX?

FIUSX has higher volatility (4.21%) compared to WLGAX (3.89%). In terms of maximum drawdown, WLGAX dropped -49.78% vs FIUSX's -56.30%.

Which has better risk-adjusted returns?

FIUSX currently has the higher Sharpe Ratio (2.51 vs 0.71), 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.