WLGAX vs. FOCKX

Last updated Jun 24, 2026

WLGAX (Delaware Ivy Large Cap Growth Fund) and FOCKX (Fidelity OTC Portfolio Class K) are both Large Cap Growth Equities funds. Over the past 10 years, WLGAX returned 16.05%/yr vs 23.46%/yr for FOCKX. Their correlation of 0.92 suggests significant overlap in exposure. WLGAX charges 0.89%/yr vs 0.73%/yr for FOCKX.

Performance

WLGAX vs. FOCKX - Performance Comparison

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

Returns By Period

In the year-to-date period, WLGAX achieves a -2.77% return, which is significantly lower than FOCKX's 27.09% return. Over the past 10 years, WLGAX has underperformed FOCKX with an annualized return of 16.05%, while FOCKX has yielded a comparatively higher 23.46% annualized return.

WLGAX

• 1D: -1.47%
• 1M: -2.98%
• YTD: -2.77%
• 6M: -3.43%
• 1Y: 5.90%
• 3Y*: 13.77%
• 5Y*: 8.99%
• 10Y*: 16.05%

FOCKX

• 1D: -1.91%
• 1M: 3.82%
• YTD: 27.09%
• 6M: 26.38%
• 1Y: 56.90%
• 3Y*: 34.24%
• 5Y*: 18.15%
• 10Y*: 23.46%

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

WLGAX vs. FOCKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WLGAX Delaware Ivy Large Cap Growth Fund	-2.77%	8.89%	25.97%	37.78%	-27.04%	29.95%	30.75%	36.52%	2.37%	29.02%
FOCKX Fidelity OTC Portfolio Class K	27.09%	22.28%	38.91%	42.92%	-32.07%	25.06%	46.83%	39.36%	-3.18%	38.78%

Correlation

The correlation between WLGAX and FOCKX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 9, 2008	0.92

The correlation between WLGAX and FOCKX shifts across timeframes, from 0.81 (1 year) to 0.92 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

WLGAX vs. FOCKX — Risk / Return Rank

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

WLGAX

WLGAX Risk / Return Rank: 6
WLGAX Sharpe Ratio Rank: 6
WLGAX Sortino Ratio Rank: 6
WLGAX Omega Ratio Rank: 6
WLGAX Calmar Ratio Rank: 5
WLGAX Martin Ratio Rank: 5

FOCKX

FOCKX Risk / Return Rank: 90
FOCKX Sharpe Ratio Rank: 94
FOCKX Sortino Ratio Rank: 84
FOCKX Omega Ratio Rank: 82
FOCKX Calmar Ratio Rank: 94
FOCKX Martin Ratio Rank: 96

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. FOCKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Large Cap Growth Fund (WLGAX) and Fidelity OTC Portfolio Class K (FOCKX). 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.

	WLGAX	FOCKX	Difference
Sharpe ratio: Return per unit of total volatility	0.45	2.99	-2.54
Sortino ratio: Return per unit of downside risk	0.69	3.69	-3.00
Omega ratio: Gain probability vs. loss probability	1.09	1.50	-0.41
Calmar ratio: Return relative to maximum drawdown	0.37	5.18	-4.81
Martin ratio: Return relative to average drawdown	1.09	21.92	-20.83

WLGAX vs. FOCKX - Sharpe Ratio Comparison

The current WLGAX Sharpe Ratio is 0.45, which is lower than the FOCKX Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of WLGAX and FOCKX, 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

WLGAX vs. FOCKX - Drawdown Comparison

The maximum WLGAX drawdown since its inception was -49.78%, smaller than the maximum FOCKX drawdown of -53.33%. Use the drawdown chart below to compare losses from any high point for WLGAX and FOCKX.

Drawdown Indicators

	WLGAX	FOCKX	Difference
Max Drawdown Largest peak-to-trough decline	-49.78%	-53.33%	+3.55%
Max Drawdown (1Y) Largest decline over 1 year	-18.12%	-11.28%	-6.84%
Max Drawdown (3Y) Largest decline over 3 years	-19.31%	-24.83%	+5.52%
Max Drawdown (5Y) Largest decline over 5 years	-37.00%	-36.97%	-0.03%
Max Drawdown (10Y) Largest decline over 10 years	-37.00%	-36.97%	-0.03%
Current Drawdown Current decline from peak	-5.84%	-2.01%	-3.83%
Average Drawdown Average peak-to-trough decline	-13.11%	-8.36%	-4.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.08%	2.65%	+3.43%

Volatility

WLGAX vs. FOCKX - Volatility Comparison

The current volatility for Delaware Ivy Large Cap Growth Fund (WLGAX) is 5.73%, while Fidelity OTC Portfolio Class K (FOCKX) has a volatility of 8.99%. This indicates that WLGAX experiences smaller price fluctuations and is considered to be less risky than FOCKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WLGAX	FOCKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	8.99%	-3.26%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	16.00%	-3.70%
Volatility (1Y) Calculated over the trailing 1-year period	14.92%	19.60%	-4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.72%	22.97%	-2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	22.59%	-1.84%

WLGAX vs. FOCKX - Expense Ratio Comparison

WLGAX has a 0.89% expense ratio, which is higher than FOCKX's 0.73% expense ratio.

Dividends

WLGAX vs. FOCKX - Dividend Comparison

WLGAX's dividend yield for the trailing twelve months is around 8.65%, more than FOCKX's 5.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOCKX Fidelity OTC Portfolio Class K	5.94%	7.56%	16.42%	0.09%	3.97%	11.34%	6.18%	7.49%	7.81%	4.85%	3.25%	5.42%
WLGAX Delaware Ivy Large Cap Growth Fund	8.65%	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 FOCKX in my portfolio?

WLGAX and FOCKX have a correlation of 0.81, 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 FOCKX?

FOCKX has higher volatility (8.99%) compared to WLGAX (5.73%). In terms of maximum drawdown, WLGAX dropped -49.78% vs FOCKX's -53.33%.

Which has better risk-adjusted returns?

FOCKX currently has the higher Sharpe Ratio (2.99 vs 0.45), 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.