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Dupree Mutual Fund North Carolina Tax-Free Short-T...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Dupree Mutual Fund North Carolina Tax-Free Short-To-Medium Fund (NTSMX)

Mutual Fund · Currency in USD · Last updated May 31, 2025

The fund's assets will be invested so that at least 80% of the income will be exempt from Federal and North Carolina income taxes or it will have at least 80% of its net assets invested in securities exempt from Federal and North Carolina income taxes.

Fund Info

ISIN

US2661558039

CUSIP

266155803

Issuer

Dupree

Inception Date

Nov 14, 1995

Category

Municipal Bonds

Min. Investment

$100

Asset Class

Bond

Expense Ratio

NTSMX has an expense ratio of 0.70%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Dupree Mutual Fund North Carolina Tax-Free Short-To-Medium Fund

Popular comparisons:
NTSMX vs. SPY
Popular comparisons:
NTSMX vs. SPY

Performance

Performance Chart

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S&P 500

Returns By Period

Dupree Mutual Fund North Carolina Tax-Free Short-To-Medium Fund (NTSMX) returned 0.82% year-to-date (YTD) and 3.12% over the past 12 months. Over the past 10 years, NTSMX returned 1.12% annually, underperforming the S&P 500 benchmark at 10.85%.

NTSMX

YTD

0.82%

1M

0.10%

6M

0.70%

1Y

3.12%

3Y*

1.42%

5Y*

0.16%

10Y*

1.12%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of NTSMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.45%0.34%-0.03%-0.04%0.10%0.82%
2024-0.22%-0.04%-0.13%-0.32%-0.23%0.64%0.55%0.83%0.35%-0.41%0.26%-0.12%1.15%
20231.50%-1.57%1.41%-0.43%-0.81%0.44%0.15%-0.42%-1.01%-0.03%2.52%0.83%2.54%
2022-1.86%-0.25%-2.08%-1.38%1.29%-0.44%1.47%-1.47%-2.26%-0.15%2.11%0.34%-4.69%
20210.04%-0.77%0.23%0.49%0.04%-0.05%0.49%-0.23%-0.41%-0.23%0.31%0.04%-0.07%
20201.22%0.75%-2.00%-0.05%2.14%-0.13%0.94%-0.22%0.04%-0.27%0.71%0.13%3.25%
20190.79%0.49%0.88%-0.05%1.15%0.40%0.76%0.94%-0.86%0.04%0.22%0.23%5.08%
2018-0.81%-0.36%-0.06%-0.35%0.78%0.12%0.23%0.13%-0.54%-0.43%0.98%1.07%0.77%
20170.50%0.40%0.22%0.59%0.97%-0.42%0.51%0.40%-0.51%0.04%-0.79%0.59%2.51%
20160.68%0.13%-0.14%0.31%-0.24%0.84%0.12%-0.06%-0.34%-0.51%-2.35%0.60%-0.98%
20150.87%-0.51%0.05%-0.23%-0.14%0.13%0.32%0.05%0.41%0.14%-0.05%0.14%1.18%
20140.69%0.53%-0.58%0.60%0.43%-0.04%0.06%0.42%-0.22%0.24%0.05%0.02%2.21%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 86, NTSMX is among the top 14% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of NTSMX is 8686
Overall Rank
The Sharpe Ratio Rank of NTSMX is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of NTSMX is 9191
Sortino Ratio Rank
The Omega Ratio Rank of NTSMX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of NTSMX is 5959
Calmar Ratio Rank
The Martin Ratio Rank of NTSMX is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Dupree Mutual Fund North Carolina Tax-Free Short-To-Medium Fund (NTSMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Dupree Mutual Fund North Carolina Tax-Free Short-To-Medium Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 2.00
  • 5-Year: 0.05
  • 10-Year: 0.39
  • All Time: 1.04

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Dupree Mutual Fund North Carolina Tax-Free Short-To-Medium Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Dupree Mutual Fund North Carolina Tax-Free Short-To-Medium Fund provided a 1.91% dividend yield over the last twelve months, with an annual payout of $0.20 per share. The fund has been increasing its distributions for 3 consecutive years.

1.50%1.60%1.70%1.80%1.90%$0.00$0.05$0.10$0.15$0.2020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.20$0.20$0.19$0.17$0.17$0.18$0.17$0.16$0.17$0.17$0.18$0.21

Dividend yield

1.91%1.93%1.82%1.66%1.54%1.58%1.54%1.49%1.55%1.54%1.63%1.92%

Monthly Dividends

The table displays the monthly dividend distributions for Dupree Mutual Fund North Carolina Tax-Free Short-To-Medium Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.02$0.02$0.02$0.02$0.00$0.07
2024$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.20
2023$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.19
2022$0.01$0.01$0.02$0.01$0.02$0.01$0.01$0.01$0.01$0.02$0.02$0.02$0.17
2021$0.02$0.01$0.02$0.01$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.17
2020$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.00$0.03$0.02$0.18
2019$0.02$0.01$0.02$0.01$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.17
2018$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.16
2017$0.01$0.01$0.01$0.01$0.02$0.01$0.02$0.01$0.01$0.01$0.01$0.01$0.17
2016$0.02$0.01$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.17
2015$0.02$0.01$0.02$0.02$0.02$0.01$0.02$0.02$0.02$0.02$0.01$0.02$0.18
2014$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.21

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Dupree Mutual Fund North Carolina Tax-Free Short-To-Medium Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Dupree Mutual Fund North Carolina Tax-Free Short-To-Medium Fund was 8.28%, occurring on Mar 20, 2020. Recovery took 91 trading sessions.

The current Dupree Mutual Fund North Carolina Tax-Free Short-To-Medium Fund drawdown is 1.48%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-8.28%Mar 10, 20209Mar 20, 202091Jul 30, 2020100
-7.61%Aug 6, 2021307Oct 24, 2022324Feb 8, 2024631
-4.88%Sep 12, 200824Oct 15, 200856Jan 6, 200980
-4.54%Mar 10, 200447May 14, 2004327Aug 31, 2005374
-4.46%Feb 9, 202477May 30, 2024———
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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