WMGAX vs. VUG
WMGAX (Delaware Ivy Mid Cap Growth Fund) and VUG (Vanguard Growth ETF) are both funds - WMGAX is a Mid Cap Growth Equities fund managed by Delaware Funds, while VUG is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Over the past 10 years, WMGAX returned 10.70%/yr vs 17.38%/yr for VUG. Their correlation of 0.89 means they have usually moved in the same direction. WMGAX charges 1.12%/yr vs 0.03%/yr for VUG.
Performance
WMGAX vs. VUG - 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 VUG's 5.02% return. Over the past 10 years, WMGAX has underperformed VUG with an annualized return of 10.70%, while VUG has yielded a comparatively higher 17.38% 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%
VUG
- 1D
- 1.10%
- 1M
- -0.35%
- 6M
- 6.39%
- YTD
- 5.02%
- 1Y
- 15.36%
- 3Y*
- 21.19%
- 5Y*
- 12.16%
- 10Y*
- 17.38%
- ALL TIME*
- 12.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $556.11M | $661.72M | $650.91M | |
| $0.00 | $0.00 | $0.00 |
WMGAX vs. VUG - 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% |
VUG Vanguard Growth ETF | 5.02% | 19.40% | 32.69% | 46.83% | -33.16% | 27.35% | 40.25% | 37.03% | -3.32% | 27.72% |
Correlation
The correlation between WMGAX and VUG is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.89 |
Over the past year, the correlation between WMGAX and VUG has dropped to 0.67 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
WMGAX vs. VUG — Risk / Return Rank
WMGAX
VUG
WMGAX vs. VUG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Growth Fund (WMGAX) and Vanguard Growth ETF (VUG). 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 | VUG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.13 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 0.78 | -1.15 |
| Martin ratioReturn relative to average drawdown | -0.96 | 2.47 | -3.42 |
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Drawdowns
WMGAX vs. VUG - Drawdown Comparison
The maximum WMGAX drawdown since its inception was -53.74%, which is greater than VUG's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for WMGAX and VUG.
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Drawdown Indicators
| WMGAX | VUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -50.68% | -3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -16.16% | -16.53% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -22.85% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -35.61% | -7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | -35.61% | -7.34% |
Current DrawdownCurrent decline from peak | -17.31% | -5.53% | -11.78% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -7.08% | -6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 5.20% | +1.02% |
Volatility
WMGAX vs. VUG - Volatility Comparison
The current volatility for Delaware Ivy Mid Cap Growth Fund (WMGAX) is 3.06%, while Vanguard Growth ETF (VUG) has a volatility of 5.58%. This indicates that WMGAX experiences smaller price fluctuations and is considered to be less risky than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMGAX | VUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 5.58% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.74% | 14.24% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 17.74% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.14% | 22.49% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 21.55% | +1.59% |
WMGAX vs. VUG - Expense Ratio Comparison
WMGAX has a 1.12% expense ratio, which is higher than VUG's 0.03% expense ratio.
Dividends
WMGAX vs. VUG - Dividend Comparison
WMGAX's dividend yield for the trailing twelve months is around 11.13%, more than VUG's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUG Vanguard Growth ETF | 0.40% | 0.41% | 0.47% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.14% | 1.39% | 1.30% |
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 VUG have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VUG has higher volatility (5.58%) compared to WMGAX (3.06%). In terms of maximum drawdown, WMGAX dropped -53.74% vs VUG's -50.68%.
VUG currently has the higher Sharpe Ratio (0.72 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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