AVIGX vs. DUTMX

Last updated Jun 24, 2026

AVIGX (Avantis Core Fixed Income Fund) and DUTMX (Dupree Taxable Municipal Bond Fund) are both Intermediate Core Bond funds. Over the past 5 years, AVIGX returned -0.04%/yr vs -2.58%/yr for DUTMX. Their correlation of 0.83 suggests significant overlap in exposure. AVIGX charges 0.15%/yr vs 1.00%/yr for DUTMX.

Performance

AVIGX vs. DUTMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Core Fixed Income Fund (AVIGX) and Dupree Taxable Municipal Bond Fund (DUTMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVIGX achieves a -0.22% return, which is significantly lower than DUTMX's 1.01% return.

AVIGX

• 1D: -0.24%
• 1M: 0.48%
• YTD: -0.22%
• 6M: 0.26%
• 1Y: 4.49%
• 3Y*: 4.29%
• 5Y*: -0.04%
• 10Y*: —

DUTMX

• 1D: -0.54%
• 1M: 1.34%
• YTD: 1.01%
• 6M: 1.56%
• 1Y: 5.57%
• 3Y*: 3.31%
• 5Y*: -2.58%
• 10Y*: 0.39%

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

AVIGX vs. DUTMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVIGX Avantis Core Fixed Income Fund	-0.22%	8.04%	2.07%	5.13%	-13.62%	0.99%
DUTMX Dupree Taxable Municipal Bond Fund	1.01%	6.44%	1.09%	6.83%	-25.27%	4.07%

Correlation

The correlation between AVIGX and DUTMX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021	0.83

The correlation between AVIGX and DUTMX has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Return for Risk

AVIGX vs. DUTMX — Risk / Return Rank

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

AVIGX

AVIGX Risk / Return Rank: 19
AVIGX Sharpe Ratio Rank: 19
AVIGX Sortino Ratio Rank: 19
AVIGX Omega Ratio Rank: 18
AVIGX Calmar Ratio Rank: 21
AVIGX Martin Ratio Rank: 19

DUTMX

DUTMX Risk / Return Rank: 17
DUTMX Sharpe Ratio Rank: 16
DUTMX Sortino Ratio Rank: 17
DUTMX Omega Ratio Rank: 15
DUTMX Calmar Ratio Rank: 19
DUTMX Martin Ratio Rank: 17

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.

AVIGX vs. DUTMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income Fund (AVIGX) and Dupree Taxable Municipal Bond Fund (DUTMX). 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.

	AVIGX	DUTMX	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.06	+0.08
Sortino ratio: Return per unit of downside risk	1.70	1.60	+0.09
Omega ratio: Gain probability vs. loss probability	1.20	1.19	+0.01
Calmar ratio: Return relative to maximum drawdown	1.57	1.46	+0.11
Martin ratio: Return relative to average drawdown	4.48	4.26	+0.21

AVIGX vs. DUTMX - Sharpe Ratio Comparison

The current AVIGX Sharpe Ratio is 1.14, which is comparable to the DUTMX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of AVIGX and DUTMX, 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

AVIGX vs. DUTMX - Drawdown Comparison

The maximum AVIGX drawdown since its inception was -19.39%, smaller than the maximum DUTMX drawdown of -30.53%. Use the drawdown chart below to compare losses from any high point for AVIGX and DUTMX.

Drawdown Indicators

	AVIGX	DUTMX	Difference
Max Drawdown Largest peak-to-trough decline	-19.39%	-30.53%	+11.14%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-4.05%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-6.28%	-7.80%	+1.52%
Max Drawdown (5Y) Largest decline over 5 years	-19.39%	-30.53%	+11.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.53%	—
Current Drawdown Current decline from peak	-2.08%	-14.69%	+12.61%
Average Drawdown Average peak-to-trough decline	-8.27%	-6.97%	-1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.38%	-0.32%

Volatility

AVIGX vs. DUTMX - Volatility Comparison

Avantis Core Fixed Income Fund (AVIGX) and Dupree Taxable Municipal Bond Fund (DUTMX) have volatilities of 1.25% and 1.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVIGX	DUTMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	1.21%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	3.16%	3.83%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	5.57%	-1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.20%	8.81%	-2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.07%	7.08%	-1.01%

AVIGX vs. DUTMX - Expense Ratio Comparison

AVIGX has a 0.15% expense ratio, which is lower than DUTMX's 1.00% expense ratio.

Dividends

AVIGX vs. DUTMX - Dividend Comparison

AVIGX's dividend yield for the trailing twelve months is around 4.44%, which matches DUTMX's 4.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVIGX Avantis Core Fixed Income Fund	4.44%	4.45%	4.97%	2.92%	3.01%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DUTMX Dupree Taxable Municipal Bond Fund	4.48%	4.57%	4.26%	4.02%	4.28%	2.32%	4.69%	5.18%	5.04%	4.89%	4.84%	4.77%

Frequently Asked Questions

Can I hold both AVIGX and DUTMX in my portfolio?

AVIGX and DUTMX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVIGX or DUTMX?

AVIGX has higher volatility (1.25%) compared to DUTMX (1.21%). In terms of maximum drawdown, AVIGX dropped -19.39% vs DUTMX's -30.53%.

Which has better risk-adjusted returns?

AVIGX currently has the higher Sharpe Ratio (1.14 vs 1.06), 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.