Delaware Small Cap Fund Manager Performance Evaluation

DEVLX Fund  USD 63.32  0.13  0.21%   
The fund maintains a market beta of -0.28, which means relatively modest fluctuations relative to the market. As returns on the market increase, returns on DELAWARE SMALL tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, DELAWARE SMALL is likely to outperform the market.
Risk-Adjusted Performance
Soft
 
Weak
 
Strong
Delaware Small Cap currently ranks below 2% of comparable funds and fund portfolios when recent risk-adjusted returns are measured across a 90-day horizon. The current category mapping is Small Value. Despite somewhat strong essential indicators, DELAWARE SMALL is not utilizing all of its potential. The current price disturbance may contribute to short-term losses for investors. Learn More
Expense Ratio Date1st of April 2025
Expense Ratio1.1000
  

Relative Risk vs. Return Landscape

If you had invested $ 6,235 in Delaware Small Cap on December 20, 2025 and sold it today you would have earned a total of $ 84.00 from holding Delaware Small Cap or generated 1.35% return on investment over 90 days. Delaware Small Cap is currently producing a 0.0271% return and carries 0.9888% volatility of returns over 90 trading days. Put another way, 8% of traded mutual funds are less volatile than DELAWARE, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
This benchmark view frames the instrument through return capture and volatility trade-offs. It is most useful when expected return is read together with volatility rather than in isolation. Assuming a 90-day horizon DELAWARE SMALL is expected to generate 1.2 times more return on investment than the market. However, the fund is 1.2 times more volatile than its market benchmark. It trades about 0.03 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.11 per unit of risk.

Historical Prices of Delaware Small Cap

Below is the normalized historical share price chart for Delaware Small Cap extending back to June 24, 1987. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of DELAWARE SMALL stands at 63.32, as last reported on the 20th of March, with the highest price reaching 63.32 and the lowest price hitting 63.32 during the day.
Macro event markers
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes

Target Price Odds to finish over Current Price

The mean-reverting behavior of DELAWARE Mutual Fund price is a cornerstone of quantitative forecasting. While this pattern has been used by investors since the earliest organized markets, research also shows that certain funds remain mispriced until demand-supply dynamics shift, suggesting embedded risk premiums.
Current PriceHorizonTarget PriceOdds moving above the current price in 90 days
63.32 90 days 63.32
about 68.4
Probability analysis for this fund suggests that the odds of DELAWARE SMALL moving above the current price in 90 days from now are about 68.4 (This density function estimates how DELAWARE Mutual Fund price is distributed across a range of outcomes over the next 90 days).
Assuming a 90-day horizon Delaware Small Cap has a beta of -0.28 suggesting that as returns on the benchmark increase, returns on DELAWARE SMALL tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, Delaware Small Cap is likely to outperform the market. Additionally, Delaware Small Cap has an alpha of 0.1797, implying that it can generate a 0.1797 percent excess return over Dow Jones Industrial after adjusting for the inherent market risk (beta).
   DELAWARE SMALL Price Density   
       Price  

Predictive Modules for DELAWARE SMALL

For Delaware Small Cap, multiple forecasting techniques can provide different perspectives on future price direction. While accurately predicting the fund market remains difficult, the discipline of building and testing forecasts is a valuable part of any investment process. Unexpected events can always change market sentiment, making diversified forecasting approaches especially important.
The mean reversion effect in DELAWARE SMALL is stronger when the initial deviation was driven by sentiment rather than fundamental change. Identifying the root cause of DELAWARE SMALL's price dislocation is essential before acting.
Hype
Prediction
LowEstimatedHigh
62.2063.1964.18
Details
Intrinsic
Valuation
LowRealHigh
62.6463.6364.62
Details
Naive
Forecast
LowNextHigh
61.8662.8563.84
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
62.1866.1370.08
Details
Competitive positioning is a critical dimension of DELAWARE SMALL analysis. Understanding where Delaware Small Cap stands relative to its peers on returns, growth, and valuation supports assessment of whether its advantage is sustainable.

Primary Risk Indicators

Over recent decades, the mutual fund market has seen multiple large corrections and recoveries. DELAWARE SMALL has followed this pattern, with price swings that have shaped many portfolios. Investors holding Delaware Small Cap can reduce exposure to these swings by tracking DELAWARE SMALL's volatility and fundamental risk indicators.
α
Alpha over Dow Jones
0.18
β
Beta against Dow Jones-0.28
σ
Overall volatility
2.84
Ir
Information ratio 0.15

Investor Alerts and Insights

Monitoring DELAWARE SMALL alerts is a practical approach to staying informed about material fund changes. These notifications for Delaware Small Cap cover developments in both technical signals and fundamental conditions relevant to investment timing.
The fund retains 97.8% of its assets under management (AUM) in equities

DELAWARE SMALL Fundamentals Growth

The market value of DELAWARE Mutual Fund depends on how investors perceive DELAWARE SMALL's financial strength and growth potential. Core fundamentals including revenue growth, earnings quality, and debt management directly influence DELAWARE Mutual Fund performance.

Performance Metrics & Calculation Methodology

DELAWARE SMALL performance is typically evaluated through NAV-based returns relative to category peers and stated objectives. Upside capture and downside containment can vary by regime.

Unless otherwise specified, data for Delaware Small Cap is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day. Return and risk statistics are calculated from historical price series.

This content is curated and reviewed by:

Gabriel Shpitalnik - Member of Macroaxis Editorial Board
Last reviewed on March 11th, 2026