WMGAX vs. SCHM
WMGAX (Delaware Ivy Mid Cap Growth Fund) and SCHM (Schwab US Mid-Cap ETF) are both funds - WMGAX is a Mid Cap Growth Equities fund managed by Delaware Funds, while SCHM is a Mid Cap Blend Equities fund tracking the Dow Jones US Total Stock Market Mid-Cap. Over the past 10 years, WMGAX returned 10.70%/yr vs 10.84%/yr for SCHM. Their correlation of 0.90 means they have usually moved in the same direction. WMGAX charges 1.12%/yr vs 0.04%/yr for SCHM.
Performance
WMGAX vs. SCHM - Performance Comparison
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Returns By Period
In the year-to-date period, WMGAX achieves a -0.26% return, which is significantly lower than SCHM's 16.02% return. Both investments have delivered pretty close results over the past 10 years, with WMGAX having a 10.70% annualized return and SCHM not far ahead at 10.84%.
WMGAX
- 1D
- 0.71%
- 1M
- -4.08%
- 6M
- -2.19%
- YTD
- -0.26%
- 1Y
- -3.72%
- 3Y*
- 3.26%
- 5Y*
- -1.44%
- 10Y*
- 10.70%
- ALL TIME*
- 8.14%
SCHM
- 1D
- -0.26%
- 1M
- -3.53%
- 6M
- 10.34%
- YTD
- 16.02%
- 1Y
- 25.02%
- 3Y*
- 13.82%
- 5Y*
- 7.49%
- 10Y*
- 10.84%
- ALL TIME*
- 11.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.02M | $31.86M | $37.33M | |
| $0.00 | $0.00 | $0.00 |
WMGAX vs. SCHM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMGAX Delaware Ivy Mid Cap Growth Fund | -0.26% | 0.83% | 10.02% | 19.97% | -30.68% | 16.22% | 48.56% | 38.01% | -0.20% | 26.95% |
SCHM Schwab US Mid-Cap ETF | 16.02% | 10.17% | 11.98% | 16.69% | -17.07% | 19.36% | 15.26% | 27.48% | -8.77% | 19.60% |
Correlation
The correlation between WMGAX and SCHM is 0.86, 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. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011 | 0.90 |
The correlation between WMGAX and SCHM has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
WMGAX vs. SCHM — Risk / Return Rank
WMGAX
SCHM
WMGAX vs. SCHM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Growth Fund (WMGAX) and Schwab US Mid-Cap ETF (SCHM). 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 | SCHM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.25 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.49 | -2.86 |
| Martin ratioReturn relative to average drawdown | -0.96 | 8.79 | -9.75 |
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Drawdowns
WMGAX vs. SCHM - Drawdown Comparison
The maximum WMGAX drawdown since its inception was -53.74%, which is greater than SCHM's maximum drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for WMGAX and SCHM.
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Drawdown Indicators
| WMGAX | SCHM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -42.43% | -11.31% |
Max Drawdown (1Y)Largest decline over 1 year | -16.16% | -9.32% | -6.84% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -23.27% | -3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -26.46% | -16.49% |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | -42.43% | -0.52% |
Current DrawdownCurrent decline from peak | -17.31% | -5.89% | -11.42% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -5.63% | -8.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 2.64% | +3.58% |
Volatility
WMGAX vs. SCHM - Volatility Comparison
The current volatility for Delaware Ivy Mid Cap Growth Fund (WMGAX) is 3.06%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 4.50%. This indicates that WMGAX experiences smaller price fluctuations and is considered to be less risky than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMGAX | SCHM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 4.50% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.74% | 13.07% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 16.71% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.14% | 19.68% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 20.49% | +2.65% |
WMGAX vs. SCHM - Expense Ratio Comparison
WMGAX has a 1.12% expense ratio, which is higher than SCHM's 0.04% expense ratio.
Dividends
WMGAX vs. SCHM - Dividend Comparison
WMGAX's dividend yield for the trailing twelve months is around 11.13%, more than SCHM's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHM Schwab US Mid-Cap ETF | 1.27% | 1.46% | 1.43% | 1.50% | 1.67% | 1.13% | 1.31% | 1.48% | 1.56% | 1.27% | 1.51% | 1.54% |
WMGAX Delaware Ivy Mid Cap Growth Fund | 11.13% | 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 SCHM have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHM has higher volatility (4.50%) compared to WMGAX (3.06%). In terms of maximum drawdown, WMGAX dropped -53.74% vs SCHM's -42.43%.
SCHM currently has the higher Sharpe Ratio (1.39 vs -0.33), 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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