WRHIX vs. IEYYX

Last updated Jun 3, 2026

WRHIX (Delaware Ivy High Income Fund) and IEYYX (Delaware Ivy Energy Fund) are both mutual funds - WRHIX is a High Yield Bonds fund managed by Ivy Funds, while IEYYX is a Energy Equities fund managed by Ivy Funds. Over the past 10 years, WRHIX returned 3.73%/yr vs 1.72%/yr for IEYYX. At a 0.29 correlation, their price movements are largely independent. WRHIX charges 1.70%/yr vs 1.28%/yr for IEYYX.

Performance

WRHIX vs. IEYYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Ivy High Income Fund (WRHIX) and Delaware Ivy Energy Fund (IEYYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WRHIX achieves a -0.69% return, which is significantly lower than IEYYX's 20.33% return. Over the past 10 years, WRHIX has outperformed IEYYX with an annualized return of 3.73%, while IEYYX has yielded a comparatively lower 1.72% annualized return.

WRHIX

• 1D: 0.00%
• 1M: -0.04%
• YTD: -0.69%
• 6M: -0.03%
• 1Y: 5.18%
• 3Y*: 5.57%
• 5Y*: 1.32%
• 10Y*: 3.73%

IEYYX

• 1D: -0.30%
• 1M: 0.15%
• YTD: 20.33%
• 6M: 22.60%
• 1Y: 46.35%
• 3Y*: 12.94%
• 5Y*: 14.40%
• 10Y*: 1.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WRHIX vs. IEYYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WRHIX Delaware Ivy High Income Fund	-0.69%	4.90%	5.19%	10.78%	-13.38%	5.02%	4.61%	10.53%	-3.38%	7.26%
IEYYX Delaware Ivy Energy Fund	20.33%	22.56%	-3.60%	-4.08%	41.14%	43.34%	-38.68%	4.25%	-34.47%	-12.98%

Correlation

The correlation between WRHIX and IEYYX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Apr 6, 2006	0.29

The correlation between WRHIX and IEYYX shifts across timeframes, from 0.25 (1 year) to 0.40 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

WRHIX vs. IEYYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WRHIX

WRHIX Risk / Return Rank: 24
WRHIX Sharpe Ratio Rank: 19
WRHIX Sortino Ratio Rank: 24
WRHIX Omega Ratio Rank: 25
WRHIX Calmar Ratio Rank: 24
WRHIX Martin Ratio Rank: 27

IEYYX

IEYYX Risk / Return Rank: 96
IEYYX Sharpe Ratio Rank: 97
IEYYX Sortino Ratio Rank: 94
IEYYX Omega Ratio Rank: 90
IEYYX Calmar Ratio Rank: 99
IEYYX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WRHIX vs. IEYYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy High Income Fund (WRHIX) and Delaware Ivy Energy Fund (IEYYX). 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.

	WRHIX	IEYYX	Difference
Sharpe ratio Return per unit of total volatility	1.29	3.70	-2.41
Sortino ratio Return per unit of downside risk	2.08	4.91	-2.84
Omega ratio Gain probability vs. loss probability	1.26	1.65	-0.39
Calmar ratio Return relative to maximum drawdown	1.83	10.57	-8.74
Martin ratio Return relative to average drawdown	6.57	36.07	-29.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WRHIX vs. IEYYX - Sharpe Ratio Comparison

The current WRHIX Sharpe Ratio is 1.29, which is lower than the IEYYX Sharpe Ratio of 3.70. The chart below compares the historical Sharpe Ratios of WRHIX and IEYYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WRHIX	IEYYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	3.70	-2.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.67	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.06	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.06	+0.87

Drawdowns

WRHIX vs. IEYYX - Drawdown Comparison

The maximum WRHIX drawdown since its inception was -26.97%, smaller than the maximum IEYYX drawdown of -85.16%. Use the drawdown chart below to compare losses from any high point for WRHIX and IEYYX.

Drawdown Indicators

	WRHIX	IEYYX	Difference
Max Drawdown Largest peak-to-trough decline	-26.97%	-85.16%	+58.19%
Max Drawdown (1Y) Largest decline over 1 year	-3.11%	-4.55%	+1.44%
Max Drawdown (3Y) Largest decline over 3 years	-6.68%	-22.71%	+16.03%
Max Drawdown (5Y) Largest decline over 5 years	-18.19%	-30.43%	+12.24%
Max Drawdown (10Y) Largest decline over 10 years	-24.11%	-81.45%	+57.34%
Current Drawdown Current decline from peak	-0.86%	-22.24%	+21.38%
Average Drawdown Average peak-to-trough decline	-3.85%	-35.18%	+31.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	1.33%	-0.46%

Volatility

WRHIX vs. IEYYX - Volatility Comparison

The current volatility for Delaware Ivy High Income Fund (WRHIX) is 0.98%, while Delaware Ivy Energy Fund (IEYYX) has a volatility of 4.16%. This indicates that WRHIX experiences smaller price fluctuations and is considered to be less risky than IEYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WRHIX	IEYYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	4.16%	-3.18%
Volatility (6M) Calculated over the trailing 6-month period	2.83%	9.67%	-6.84%
Volatility (1Y) Calculated over the trailing 1-year period	4.05%	12.89%	-8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.07%	21.75%	-15.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.19%	30.87%	-24.68%

WRHIX vs. IEYYX - Expense Ratio Comparison

WRHIX has a 1.70% expense ratio, which is higher than IEYYX's 1.28% expense ratio.

Dividends

WRHIX vs. IEYYX - Dividend Comparison

WRHIX's dividend yield for the trailing twelve months is around 5.67%, more than IEYYX's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEYYX Delaware Ivy Energy Fund	0.72%	0.87%	0.91%	2.37%	1.33%	1.49%	2.17%	0.00%	0.00%	0.36%	0.00%	0.00%
WRHIX Delaware Ivy High Income Fund	5.67%	5.57%	5.93%	6.02%	4.79%	4.94%	5.76%	6.15%	6.40%	6.10%	6.85%	7.52%

Frequently Asked Questions

Can I hold both WRHIX and IEYYX in my portfolio?

WRHIX and IEYYX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WRHIX or IEYYX?

IEYYX has higher volatility (4.16%) compared to WRHIX (0.98%). In terms of maximum drawdown, WRHIX dropped -26.97% vs IEYYX's -85.16%.

Which has better risk-adjusted returns?

IEYYX currently has the higher Sharpe Ratio (3.70 vs 1.29), 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.