Delay testing at low-V_D_D has been proposed as a useful test method to expose delay defects not detectable at nominal supply voltages. The advantage of this technique comes from the reduced transistor strength at lower supply voltages that increases the impact of delay defects in faulty circuits with respect to the fault-free population. The correlation between the supply voltage and the delay, founded on the well-known relationship between these two circuit parameters, is used to set the delay limit according to each supply voltage value. Less attention has been given to the impact of supply voltage reduction on the circuit parameter variation dependency and its impact on the delay distribution. In this work we investigate this relationship showing that for a 130nm technology the delay variations are worsened when lowering the supply voltage from the nominal 1.2V to 0.9V by more than 80%. This dependence may question the advantage of Low-VDD vs. delay testing for future nanometer technologies.