WMGAX vs. VCTFX
WMGAX (Delaware Ivy Mid Cap Growth Fund) and VCTFX (Delaware Tax-Free Colorado Fund) are both mutual funds - WMGAX is a Mid Cap Growth Equities fund managed by Delaware Funds, while VCTFX is a Municipal Bonds fund managed by Delaware Funds. Over the past 10 years, WMGAX returned 10.70%/yr vs 2.33%/yr for VCTFX. Their -0.08 correlation means they have often moved in opposite directions in the past. WMGAX charges 1.12%/yr vs 0.82%/yr for VCTFX.
Performance
WMGAX vs. VCTFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WMGAX achieves a -0.26% return, which is significantly lower than VCTFX's 1.24% return. Over the past 10 years, WMGAX has outperformed VCTFX with an annualized return of 10.70%, while VCTFX has yielded a comparatively lower 2.33% annualized return.
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%
VCTFX
- 1D
- -0.29%
- 1M
- -2.30%
- 6M
- 0.53%
- YTD
- 1.24%
- 1Y
- 6.65%
- 3Y*
- 4.28%
- 5Y*
- 0.75%
- 10Y*
- 2.33%
- ALL TIME*
- 4.46%
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. VCTFX - 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% |
VCTFX Delaware Tax-Free Colorado Fund | 1.24% | 3.81% | 4.13% | 7.26% | -11.65% | 3.27% | 5.29% | 7.98% | 0.85% | 6.52% |
Correlation
The correlation between WMGAX and VCTFX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2000 | -0.08 |
The correlation between WMGAX and VCTFX shifts across timeframes, from -0.08 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WMGAX vs. VCTFX — Risk / Return Rank
WMGAX
VCTFX
WMGAX vs. VCTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Growth Fund (WMGAX) and Delaware Tax-Free Colorado Fund (VCTFX). 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 | VCTFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.54 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.55 | -2.92 |
| Martin ratioReturn relative to average drawdown | -0.96 | 9.04 | -10.00 |
Loading charts...
Drawdowns
WMGAX vs. VCTFX - Drawdown Comparison
The maximum WMGAX drawdown since its inception was -53.74%, which is greater than VCTFX's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for WMGAX and VCTFX.
Loading charts...
Drawdown Indicators
| WMGAX | VCTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -15.98% | -37.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.16% | -3.06% | -13.10% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -6.99% | -19.60% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -15.98% | -26.97% |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | -15.98% | -26.97% |
Current DrawdownCurrent decline from peak | -17.31% | -2.30% | -15.01% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -1.95% | -11.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 0.86% | +5.36% |
Volatility
WMGAX vs. VCTFX - Volatility Comparison
Delaware Ivy Mid Cap Growth Fund (WMGAX) has a higher volatility of 3.06% compared to Delaware Tax-Free Colorado Fund (VCTFX) at 1.13%. This indicates that WMGAX's price experiences larger fluctuations and is considered to be riskier than VCTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WMGAX | VCTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 1.13% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.74% | 2.68% | +11.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 3.38% | +14.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.14% | 5.02% | +20.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 4.54% | +18.60% |
WMGAX vs. VCTFX - Expense Ratio Comparison
WMGAX has a 1.12% expense ratio, which is higher than VCTFX's 0.82% expense ratio.
Dividends
WMGAX vs. VCTFX - Dividend Comparison
WMGAX's dividend yield for the trailing twelve months is around 11.13%, more than VCTFX's 3.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCTFX Delaware Tax-Free Colorado Fund | 3.37% | 4.75% | 4.05% | 3.08% | 3.19% | 2.43% | 3.15% | 4.13% | 3.65% | 4.31% | 3.62% | 3.55% |
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 VCTFX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMGAX has higher volatility (3.06%) compared to VCTFX (1.13%). In terms of maximum drawdown, WMGAX dropped -53.74% vs VCTFX's -15.98%.
VCTFX currently has the higher Sharpe Ratio (2.32 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.
Find the right allocation for WMGAX and VCTFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer