DEFFX vs. AMZN
DEFFX (Delaware Tax-Free Minnesota Fund) is Municipal Bonds fund managed by Delaware Funds by Macquarie, while AMZN (Amazon.com, Inc) is a stock. Over the past 10 years, DEFFX returned 2.09%/yr vs 21.29%/yr for AMZN. At a correlation of -0.05, they often move in opposite directions.
Performance
DEFFX vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, DEFFX achieves a 2.09% return, which is significantly lower than AMZN's 8.32% return. Over the past 10 years, DEFFX has underperformed AMZN with an annualized return of 2.09%, while AMZN has yielded a comparatively higher 21.29% annualized return.
DEFFX
- 1D
- 0.18%
- 1M
- 1.04%
- YTD
- 2.09%
- 6M
- 2.59%
- 1Y
- 9.00%
- 3Y*
- 4.15%
- 5Y*
- 0.91%
- 10Y*
- 2.09%
AMZN
- 1D
- -2.53%
- 1M
- -8.10%
- YTD
- 8.32%
- 6M
- 7.59%
- 1Y
- 21.54%
- 3Y*
- 26.25%
- 5Y*
- 9.30%
- 10Y*
- 21.29%
DEFFX vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEFFX Delaware Tax-Free Minnesota Fund | 2.09% | 4.51% | 3.36% | 4.20% | -9.79% | 2.13% | 4.02% | 7.35% | 0.89% | 5.36% |
AMZN Amazon.com, Inc | 8.32% | 5.21% | 44.39% | 80.88% | -49.62% | 2.38% | 76.26% | 23.03% | 28.43% | 55.96% |
Correlation
The correlation between DEFFX and AMZN is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 16, 1997 | -0.05 |
The correlation between DEFFX and AMZN shifts across timeframes, from -0.05 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DEFFX vs. AMZN — Risk / Return Rank
DEFFX
AMZN
DEFFX vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Tax-Free Minnesota Fund (DEFFX) and Amazon.com, Inc (AMZN). 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.
| DEFFX | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.15 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.00 | +1.48 |
| Martin ratioReturn relative to average drawdown | 8.79 | 2.39 | +6.39 |
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
| DEFFX | AMZN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 0.72 | +1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.26 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.66 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.57 | +0.60 |
Drawdowns
DEFFX vs. AMZN - Drawdown Comparison
The maximum DEFFX drawdown since its inception was -14.70%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for DEFFX and AMZN.
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Drawdown Indicators
| DEFFX | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.70% | -94.40% | +79.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -21.74% | +18.12% |
Max Drawdown (3Y)Largest decline over 3 years | -7.31% | -30.88% | +23.57% |
Max Drawdown (5Y)Largest decline over 5 years | -14.70% | -56.15% | +41.45% |
Max Drawdown (10Y)Largest decline over 10 years | -14.70% | -56.15% | +41.45% |
Current DrawdownCurrent decline from peak | -0.21% | -9.08% | +8.87% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -28.12% | +26.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 9.02% | -8.00% |
Volatility
DEFFX vs. AMZN - Volatility Comparison
The current volatility for Delaware Tax-Free Minnesota Fund (DEFFX) is 1.41%, while Amazon.com, Inc (AMZN) has a volatility of 7.24%. This indicates that DEFFX experiences smaller price fluctuations and is considered to be less risky than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEFFX | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 7.24% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 20.35% | -17.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 30.00% | -26.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 35.50% | -30.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 32.46% | -28.12% |
Dividends
DEFFX vs. AMZN - Dividend Comparison
DEFFX's dividend yield for the trailing twelve months is around 3.61%, while AMZN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZN Amazon.com, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DEFFX Delaware Tax-Free Minnesota Fund | 3.61% | 4.69% | 3.94% | 2.81% | 2.59% | 2.18% | 2.77% | 3.63% | 3.51% | 4.33% | 3.26% | 3.52% |
Frequently Asked Questions
DEFFX and AMZN have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZN has higher volatility (7.24%) compared to DEFFX (1.41%). In terms of maximum drawdown, DEFFX dropped -14.70% vs AMZN's -94.40%.
DEFFX currently has the higher Sharpe Ratio (2.55 vs 0.72), 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.
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