WMGAX vs. IVV
Compare and contrast key facts about Delaware Ivy Mid Cap Growth Fund (WMGAX) and iShares Core S&P 500 ETF (IVV).
WMGAX is managed by Delaware Funds. It was launched on Jun 30, 2000. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Performance
WMGAX vs. IVV - Performance Comparison
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WMGAX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMGAX Delaware Ivy Mid Cap Growth Fund | -9.94% | 0.83% | 10.02% | 19.97% | -30.68% | 16.22% | 48.56% | 38.01% | -0.20% | 26.95% |
IVV iShares Core S&P 500 ETF | -3.67% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Returns By Period
In the year-to-date period, WMGAX achieves a -9.94% return, which is significantly lower than IVV's -3.67% return. Over the past 10 years, WMGAX has underperformed IVV with an annualized return of 10.30%, while IVV has yielded a comparatively higher 14.11% annualized return.
WMGAX
- 1D
- -0.82%
- 1M
- -11.41%
- YTD
- -9.94%
- 6M
- -13.30%
- 1Y
- -0.56%
- 3Y*
- 2.52%
- 5Y*
- -1.06%
- 10Y*
- 10.30%
IVV
- 1D
- 0.74%
- 1M
- -4.30%
- YTD
- -3.67%
- 6M
- -1.44%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.92%
- 10Y*
- 14.11%
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WMGAX vs. IVV - Expense Ratio Comparison
WMGAX has a 1.12% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
WMGAX vs. IVV — Risk / Return Rank
WMGAX
IVV
WMGAX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Growth Fund (WMGAX) and iShares Core S&P 500 ETF (IVV). 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.
| WMGAX | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 1.00 | -1.03 |
Sortino ratioReturn per unit of downside risk | 0.12 | 1.52 | -1.40 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.23 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.54 | -1.70 |
Martin ratioReturn relative to average drawdown | -0.51 | 7.28 | -7.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WMGAX | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 1.00 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.71 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.78 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.42 | -0.06 |
Correlation
The correlation between WMGAX and IVV is 0.88, 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.
Dividends
WMGAX vs. IVV - Dividend Comparison
WMGAX's dividend yield for the trailing twelve months is around 12.32%, more than IVV's 1.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WMGAX Delaware Ivy Mid Cap Growth Fund | 12.32% | 11.10% | 15.30% | 6.66% | 11.94% | 13.08% | 9.97% | 5.23% | 10.28% | 7.92% | 3.98% | 10.88% |
IVV iShares Core S&P 500 ETF | 1.22% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
WMGAX vs. IVV - Drawdown Comparison
The maximum WMGAX drawdown since its inception was -53.74%, roughly equal to the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for WMGAX and IVV.
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Drawdown Indicators
| WMGAX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -55.25% | +1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.16% | -12.06% | -4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -24.53% | -18.42% |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | -33.90% | -9.05% |
Current DrawdownCurrent decline from peak | -25.33% | -5.57% | -19.76% |
Average DrawdownAverage peak-to-trough decline | -13.58% | -10.84% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 2.55% | +2.41% |
Volatility
WMGAX vs. IVV - Volatility Comparison
Delaware Ivy Mid Cap Growth Fund (WMGAX) has a higher volatility of 5.96% compared to iShares Core S&P 500 ETF (IVV) at 5.34%. This indicates that WMGAX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMGAX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 5.34% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 9.47% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.95% | 18.31% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.00% | 16.89% | +8.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.09% | 18.03% | +5.06% |