CXHYX vs. DPDFX
Compare and contrast key facts about Delaware National High-Yield Municipal Bond Fund (CXHYX) and Delaware Diversified Income Fund (DPDFX).
CXHYX is managed by Delaware Funds. It was launched on Sep 21, 1986. DPDFX is managed by Delaware Funds. It was launched on Dec 29, 1997.
Performance
CXHYX vs. DPDFX - Performance Comparison
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CXHYX vs. DPDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CXHYX Delaware National High-Yield Municipal Bond Fund | -0.46% | 1.71% | 5.76% | 8.26% | -14.85% | 7.86% | 6.49% | 11.52% | 1.58% | 10.15% |
DPDFX Delaware Diversified Income Fund | -0.52% | 7.39% | 1.91% | 6.05% | -13.93% | 1.64% | 10.96% | 11.98% | -1.98% | 5.34% |
Returns By Period
In the year-to-date period, CXHYX achieves a -0.46% return, which is significantly higher than DPDFX's -0.52% return. Over the past 10 years, CXHYX has outperformed DPDFX with an annualized return of 3.39%, while DPDFX has yielded a comparatively lower 2.74% annualized return.
CXHYX
- 1D
- 0.42%
- 1M
- -2.04%
- YTD
- -0.46%
- 6M
- -0.10%
- 1Y
- 0.02%
- 3Y*
- 4.14%
- 5Y*
- 1.00%
- 10Y*
- 3.39%
DPDFX
- 1D
- 0.26%
- 1M
- -1.67%
- YTD
- -0.52%
- 6M
- 0.23%
- 1Y
- 3.95%
- 3Y*
- 3.89%
- 5Y*
- 0.71%
- 10Y*
- 2.74%
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CXHYX vs. DPDFX - Expense Ratio Comparison
CXHYX has a 0.85% expense ratio, which is higher than DPDFX's 0.70% expense ratio.
Return for Risk
CXHYX vs. DPDFX — Risk / Return Rank
CXHYX
DPDFX
CXHYX vs. DPDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware National High-Yield Municipal Bond Fund (CXHYX) and Delaware Diversified Income Fund (DPDFX). 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.
| CXHYX | DPDFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | 0.95 | -0.88 |
Sortino ratioReturn per unit of downside risk | 0.14 | 1.35 | -1.21 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.17 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.76 | -1.50 |
Martin ratioReturn relative to average drawdown | 0.62 | 5.31 | -4.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CXHYX | DPDFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 0.95 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.12 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.55 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 1.20 | -0.03 |
Correlation
The correlation between CXHYX and DPDFX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CXHYX vs. DPDFX - Dividend Comparison
CXHYX's dividend yield for the trailing twelve months is around 4.96%, more than DPDFX's 4.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXHYX Delaware National High-Yield Municipal Bond Fund | 4.96% | 6.41% | 5.43% | 3.99% | 4.94% | 3.61% | 4.42% | 5.27% | 4.92% | 4.98% | 3.87% | 3.77% |
DPDFX Delaware Diversified Income Fund | 4.03% | 4.34% | 4.01% | 3.57% | 3.52% | 5.95% | 3.15% | 4.28% | 4.10% | 3.70% | 3.19% | 3.55% |
Drawdowns
CXHYX vs. DPDFX - Drawdown Comparison
The maximum CXHYX drawdown since its inception was -21.82%, which is greater than DPDFX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for CXHYX and DPDFX.
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Drawdown Indicators
| CXHYX | DPDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.82% | -18.64% | -3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -2.99% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -18.64% | -1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -20.11% | -18.64% | -1.47% |
Current DrawdownCurrent decline from peak | -2.44% | -2.17% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -2.21% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 0.99% | +1.95% |
Volatility
CXHYX vs. DPDFX - Volatility Comparison
Delaware National High-Yield Municipal Bond Fund (CXHYX) and Delaware Diversified Income Fund (DPDFX) have volatilities of 1.55% and 1.53%, 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.
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Volatility by Period
| CXHYX | DPDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.53% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 2.55% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.26% | 4.50% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 6.10% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.78% | 5.02% | +0.76% |