WMGAX vs. SPY
Compare and contrast key facts about Delaware Ivy Mid Cap Growth Fund (WMGAX) and State Street SPDR S&P 500 ETF (SPY).
WMGAX is managed by Delaware Funds. It was launched on Jun 30, 2000. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
WMGAX vs. SPY - Performance Comparison
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WMGAX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, WMGAX achieves a -9.94% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, WMGAX has underperformed SPY with an annualized return of 10.30%, while SPY has yielded a comparatively higher 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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WMGAX vs. SPY - Expense Ratio Comparison
WMGAX has a 1.12% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
WMGAX vs. SPY — Risk / Return Rank
WMGAX
SPY
WMGAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Growth Fund (WMGAX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 0.93 | -0.96 |
Sortino ratioReturn per unit of downside risk | 0.12 | 1.45 | -1.33 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.22 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.53 | -1.68 |
Martin ratioReturn relative to average drawdown | -0.51 | 7.30 | -7.81 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.93 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.69 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.78 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.56 | -0.20 |
Correlation
The correlation between WMGAX and SPY 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. SPY - Dividend Comparison
WMGAX's dividend yield for the trailing twelve months is around 12.32%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
WMGAX vs. SPY - Drawdown Comparison
The maximum WMGAX drawdown since its inception was -53.74%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WMGAX and SPY.
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Drawdown Indicators
| WMGAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -55.19% | +1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -16.16% | -12.05% | -4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -24.50% | -18.45% |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | -33.72% | -9.23% |
Current DrawdownCurrent decline from peak | -25.33% | -6.24% | -19.09% |
Average DrawdownAverage peak-to-trough decline | -13.58% | -9.09% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 2.52% | +2.44% |
Volatility
WMGAX vs. SPY - Volatility Comparison
Delaware Ivy Mid Cap Growth Fund (WMGAX) has a higher volatility of 5.96% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that WMGAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMGAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 5.31% | +0.65% |
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% | 19.05% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.00% | 17.06% | +7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.09% | 17.92% | +5.17% |