WTRCX vs. VIIIX

Last updated Jun 25, 2026

WTRCX (Delaware Ivy Core Equity Fund) and VIIIX (Vanguard Institutional Index Fund Institutional Plus Shares) are both mutual funds - WTRCX is a Large Cap Blend Equities fund managed by Ivy Funds, while VIIIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, WTRCX returned 16.26%/yr vs 15.70%/yr for VIIIX. Their correlation of 0.95 suggests significant overlap in exposure. WTRCX charges 1.75%/yr vs 0.02%/yr for VIIIX.

Performance

WTRCX vs. VIIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Ivy Core Equity Fund (WTRCX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with WTRCX having a 8.01% return and VIIIX slightly higher at 8.21%. Both investments have delivered pretty close results over the past 10 years, with WTRCX having a 16.26% annualized return and VIIIX not far behind at 15.70%.

WTRCX

• 1D: -1.76%
• 1M: 0.00%
• YTD: 8.01%
• 6M: 6.83%
• 1Y: 17.16%
• 3Y*: 27.21%
• 5Y*: 15.89%
• 10Y*: 16.26%

VIIIX

• 1D: -1.44%
• 1M: -1.34%
• YTD: 8.21%
• 6M: 6.88%
• 1Y: 22.35%
• 3Y*: 21.22%
• 5Y*: 13.28%
• 10Y*: 15.70%

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

WTRCX vs. VIIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WTRCX Delaware Ivy Core Equity Fund	8.01%	14.15%	51.17%	22.71%	-18.51%	27.71%	20.70%	30.09%	-5.39%	19.44%
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares	8.21%	17.87%	26.29%	25.79%	-18.14%	28.69%	18.41%	31.48%	-4.41%	21.82%

Correlation

The correlation between WTRCX and VIIIX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jul 7, 1997	0.95

The correlation between WTRCX and VIIIX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

WTRCX vs. VIIIX — Risk / Return Rank

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

WTRCX

WTRCX Risk / Return Rank: 28
WTRCX Sharpe Ratio Rank: 27
WTRCX Sortino Ratio Rank: 26
WTRCX Omega Ratio Rank: 27
WTRCX Calmar Ratio Rank: 27
WTRCX Martin Ratio Rank: 34

VIIIX

VIIIX Risk / Return Rank: 52
VIIIX Sharpe Ratio Rank: 49
VIIIX Sortino Ratio Rank: 44
VIIIX Omega Ratio Rank: 47
VIIIX Calmar Ratio Rank: 53
VIIIX Martin Ratio Rank: 66

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.

WTRCX vs. VIIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Core Equity Fund (WTRCX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.

	WTRCX	VIIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.90	-0.58
Sortino ratio: Return per unit of downside risk	1.87	2.59	-0.72
Omega ratio: Gain probability vs. loss probability	1.24	1.34	-0.11
Calmar ratio: Return relative to maximum drawdown	1.71	2.68	-0.97
Martin ratio: Return relative to average drawdown	6.90	12.03	-5.13

WTRCX vs. VIIIX - Sharpe Ratio Comparison

The current WTRCX Sharpe Ratio is 1.32, which is lower than the VIIIX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of WTRCX and VIIIX, 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

WTRCX vs. VIIIX - Drawdown Comparison

The maximum WTRCX drawdown since its inception was -54.41%, roughly equal to the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for WTRCX and VIIIX.

Drawdown Indicators

	WTRCX	VIIIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.41%	-55.18%	+0.77%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-8.90%	-2.16%
Max Drawdown (3Y) Largest decline over 3 years	-27.46%	-18.75%	-8.71%
Max Drawdown (5Y) Largest decline over 5 years	-33.66%	-24.50%	-9.16%
Max Drawdown (10Y) Largest decline over 10 years	-33.66%	-33.79%	+0.13%
Current Drawdown Current decline from peak	-2.01%	-3.13%	+1.12%
Average Drawdown Average peak-to-trough decline	-20.93%	-10.00%	-10.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	1.98%	+0.74%

Volatility

WTRCX vs. VIIIX - Volatility Comparison

Delaware Ivy Core Equity Fund (WTRCX) has a higher volatility of 5.70% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 4.90%. This indicates that WTRCX's price experiences larger fluctuations and is considered to be riskier than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTRCX	VIIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	4.90%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	9.93%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	14.34%	12.57%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.00%	17.00%	+13.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.12%	18.08%	+7.04%

WTRCX vs. VIIIX - Expense Ratio Comparison

WTRCX has a 1.75% expense ratio, which is higher than VIIIX's 0.02% expense ratio.

Dividends

WTRCX vs. VIIIX - Dividend Comparison

WTRCX's dividend yield for the trailing twelve months is around 21.20%, more than VIIIX's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares	2.49%	2.11%	3.66%	2.66%	3.39%	4.79%	3.07%	2.86%	2.45%	1.84%	2.38%	2.47%
WTRCX Delaware Ivy Core Equity Fund	21.20%	22.90%	36.18%	16.84%	19.28%	15.56%	2.66%	12.05%	18.38%	7.10%	3.92%	7.95%

Frequently Asked Questions

Can I hold both WTRCX and VIIIX in my portfolio?

With a correlation of 0.95, WTRCX and VIIIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WTRCX or VIIIX?

WTRCX has higher volatility (5.70%) compared to VIIIX (4.90%). In terms of maximum drawdown, WTRCX dropped -54.41% vs VIIIX's -55.18%.

Which has better risk-adjusted returns?

VIIIX currently has the higher Sharpe Ratio (1.90 vs 1.32), 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.