WSTCX vs. FRES.L

Last updated Jul 1, 2026

WSTCX (Delaware Ivy Science and Technology Fund) is Technology Equities fund managed by Ivy Funds, while FRES.L (Fresnillo plc) is a stock. Over the past 10 years, WSTCX returned 28.03%/yr vs 7.10%/yr for FRES.L. At a 0.21 correlation, their price movements are largely independent.

Performance

WSTCX vs. FRES.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Ivy Science and Technology Fund (WSTCX) and Fresnillo plc (FRES.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WSTCX is traded in USD, while FRES.L is traded in GBp. To make them comparable, the FRES.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WSTCX achieves a 39.92% return, which is significantly higher than FRES.L's -17.27% return. Over the past 10 years, WSTCX has outperformed FRES.L with an annualized return of 28.03%, while FRES.L has yielded a comparatively lower 7.10% annualized return.

WSTCX

• 1D: 2.52%
• 1M: 2.25%
• YTD: 39.92%
• 6M: 38.79%
• 1Y: 60.31%
• 3Y*: 64.85%
• 5Y*: 30.75%
• 10Y*: 28.03%

FRES.L

• 1D: -1.52%
• 1M: -17.84%
• YTD: -17.27%
• 6M: -19.22%
• 1Y: 89.41%
• 3Y*: 72.83%
• 5Y*: 30.92%
• 10Y*: 7.10%

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

WSTCX vs. FRES.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WSTCX Delaware Ivy Science and Technology Fund	39.92%	32.86%	117.81%	39.18%	-33.22%	12.80%	35.09%	49.22%	-5.97%	31.79%
FRES.L Fresnillo plc	-17.27%	511.09%	4.36%	-29.44%	-7.20%	-19.52%	84.40%	-20.96%	-41.76%	30.31%

Correlation

The correlation between WSTCX and FRES.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since May 9, 2008	0.21

The correlation between WSTCX and FRES.L shifts across timeframes, from 0.16 (10 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

WSTCX vs. FRES.L — Risk / Return Rank

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

WSTCX

WSTCX Risk / Return Rank: 81
WSTCX Sharpe Ratio Rank: 84
WSTCX Sortino Ratio Rank: 72
WSTCX Omega Ratio Rank: 75
WSTCX Calmar Ratio Rank: 88
WSTCX Martin Ratio Rank: 85

FRES.L

FRES.L Risk / Return Rank: 82
FRES.L Sharpe Ratio Rank: 87
FRES.L Sortino Ratio Rank: 82
FRES.L Omega Ratio Rank: 80
FRES.L Calmar Ratio Rank: 82
FRES.L Martin Ratio Rank: 81

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.

WSTCX vs. FRES.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Science and Technology Fund (WSTCX) and Fresnillo plc (FRES.L). 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.

	WSTCX	FRES.L	Difference
Sharpe ratio: Return per unit of total volatility	2.31	1.54	+0.78
Sortino ratio: Return per unit of downside risk	2.81	2.13	+0.69
Omega ratio: Gain probability vs. loss probability	1.39	1.26	+0.13
Calmar ratio: Return relative to maximum drawdown	3.68	2.28	+1.40
Martin ratio: Return relative to average drawdown	12.94	5.31	+7.63

WSTCX vs. FRES.L - Sharpe Ratio Comparison

The current WSTCX Sharpe Ratio is 2.31, which is higher than the FRES.L Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of WSTCX and FRES.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WSTCX vs. FRES.L - Drawdown Comparison

The maximum WSTCX drawdown since its inception was -60.92%, smaller than the maximum FRES.L drawdown of -86.88%. Use the drawdown chart below to compare losses from any high point for WSTCX and FRES.L.

Drawdown Indicators

	WSTCX	FRES.L	Difference
Max Drawdown Largest peak-to-trough decline	-60.92%	-86.88%	+25.96%
Max Drawdown (1Y) Largest decline over 1 year	-16.84%	-38.99%	+22.15%
Max Drawdown (3Y) Largest decline over 3 years	-44.66%	-38.99%	-5.67%
Max Drawdown (5Y) Largest decline over 5 years	-60.92%	-55.86%	-5.06%
Max Drawdown (10Y) Largest decline over 10 years	-60.92%	-75.05%	+14.13%
Current Drawdown Current decline from peak	-3.74%	-38.99%	+35.25%
Average Drawdown Average peak-to-trough decline	-18.36%	-48.28%	+29.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.77%	16.77%	-12.00%

Volatility

WSTCX vs. FRES.L - Volatility Comparison

The current volatility for Delaware Ivy Science and Technology Fund (WSTCX) is 13.70%, while Fresnillo plc (FRES.L) has a volatility of 17.06%. This indicates that WSTCX experiences smaller price fluctuations and is considered to be less risky than FRES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WSTCX	FRES.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.70%	17.06%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	22.31%	45.57%	-23.26%
Volatility (1Y) Calculated over the trailing 1-year period	26.88%	57.89%	-31.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.69%	45.68%	+29.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.13%	45.39%	+9.74%

Dividends

WSTCX vs. FRES.L - Dividend Comparison

WSTCX's dividend yield for the trailing twelve months is around 9.54%, more than FRES.L's 3.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRES.L Fresnillo plc	3.47%	2.00%	1.36%	1.98%	2.44%	2.66%	1.00%	2.35%	3.49%	1.73%	0.00%	0.00%
WSTCX Delaware Ivy Science and Technology Fund	9.54%	13.35%	81.76%	21.98%	57.60%	61.50%	11.27%	13.85%	16.72%	7.61%	0.00%	2.85%

Frequently Asked Questions

Can I hold both WSTCX and FRES.L in my portfolio?

WSTCX and FRES.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.