WMGAX vs. MGOYX
WMGAX (Delaware Ivy Mid Cap Growth Fund) and MGOYX (Victory Munder Mid-Cap Core Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, WMGAX returned 10.91%/yr vs 11.11%/yr for MGOYX. Their correlation of 0.91 means they have usually moved in the same direction. WMGAX charges 1.12%/yr vs 0.98%/yr for MGOYX.
Performance
WMGAX vs. MGOYX - Performance Comparison
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Returns By Period
In the year-to-date period, WMGAX achieves a 0.57% return, which is significantly lower than MGOYX's 21.00% return. Both investments have delivered pretty close results over the past 10 years, with WMGAX having a 10.91% annualized return and MGOYX not far ahead at 11.11%.
WMGAX
- 1D
- 0.83%
- 1M
- -3.28%
- 6M
- -2.05%
- YTD
- 0.57%
- 1Y
- -2.92%
- 3Y*
- 3.72%
- 5Y*
- -1.28%
- 10Y*
- 10.91%
- ALL TIME*
- 8.17%
MGOYX
- 1D
- -0.41%
- 1M
- 0.41%
- 6M
- 14.42%
- YTD
- 21.00%
- 1Y
- 26.53%
- 3Y*
- 15.91%
- 5Y*
- 7.66%
- 10Y*
- 11.11%
- ALL TIME*
- 10.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WMGAX vs. MGOYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMGAX Delaware Ivy Mid Cap Growth Fund | 0.57% | 0.83% | 10.02% | 19.97% | -30.68% | 16.22% | 48.56% | 38.01% | -0.20% | 26.95% |
MGOYX Victory Munder Mid-Cap Core Growth Fund | 21.00% | 12.03% | 10.93% | 14.82% | -21.31% | 25.97% | 20.61% | 26.22% | -14.19% | 24.55% |
Correlation
The correlation between WMGAX and MGOYX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2000 | 0.91 |
The correlation between WMGAX and MGOYX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
WMGAX vs. MGOYX — Risk / Return Rank
WMGAX
MGOYX
WMGAX vs. MGOYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Growth Fund (WMGAX) and Victory Munder Mid-Cap Core Growth Fund (MGOYX). 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.
| WMGAX | MGOYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.30 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 3.20 | -3.44 |
| Martin ratioReturn relative to average drawdown | -0.62 | 11.95 | -12.57 |
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Drawdowns
WMGAX vs. MGOYX - Drawdown Comparison
The maximum WMGAX drawdown since its inception was -53.74%, smaller than the maximum MGOYX drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for WMGAX and MGOYX.
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Drawdown Indicators
| WMGAX | MGOYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -57.23% | +3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -16.16% | -7.81% | -8.35% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -26.05% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -40.49% | -2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | -40.49% | -2.46% |
Current DrawdownCurrent decline from peak | -16.62% | -1.49% | -15.13% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -10.90% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.23% | 2.09% | +4.14% |
Volatility
WMGAX vs. MGOYX - Volatility Comparison
The current volatility for Delaware Ivy Mid Cap Growth Fund (WMGAX) is 3.23%, while Victory Munder Mid-Cap Core Growth Fund (MGOYX) has a volatility of 3.62%. This indicates that WMGAX experiences smaller price fluctuations and is considered to be less risky than MGOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMGAX | MGOYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.62% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 12.02% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 14.91% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.13% | 25.10% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 23.23% | -0.09% |
WMGAX vs. MGOYX - Expense Ratio Comparison
WMGAX has a 1.12% expense ratio, which is higher than MGOYX's 0.98% expense ratio.
Dividends
WMGAX vs. MGOYX - Dividend Comparison
WMGAX's dividend yield for the trailing twelve months is around 11.03%, less than MGOYX's 12.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGOYX Victory Munder Mid-Cap Core Growth Fund | 12.71% | 15.37% | 15.72% | 4.54% | 12.23% | 25.13% | 18.63% | 60.72% | 49.01% | 19.34% | 12.76% | 10.52% |
WMGAX Delaware Ivy Mid Cap Growth Fund | 11.03% | 11.10% | 15.30% | 6.66% | 11.94% | 13.08% | 9.97% | 5.23% | 10.28% | 7.92% | 3.98% | 10.88% |
Frequently Asked Questions
WMGAX and MGOYX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGOYX has higher volatility (3.62%) compared to WMGAX (3.23%). In terms of maximum drawdown, WMGAX dropped -53.74% vs MGOYX's -57.23%.
MGOYX currently has the higher Sharpe Ratio (1.68 vs -0.22), 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.
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