DEFFX vs. NVDA
DEFFX (Delaware Tax-Free Minnesota Fund) is Municipal Bonds fund managed by Delaware Funds, while NVDA (NVIDIA Corporation) is a stock. Over the past 10 years, DEFFX returned 1.78%/yr vs 64.89%/yr for NVDA. Their -0.06 correlation means they have often moved in opposite directions in the past.
Performance
DEFFX vs. NVDA - Performance Comparison
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Returns By Period
In the year-to-date period, DEFFX achieves a 0.20% return, which is significantly lower than NVDA's 13.78% return. Over the past 10 years, DEFFX has underperformed NVDA with an annualized return of 1.78%, while NVDA has yielded a comparatively higher 64.89% annualized return.
DEFFX
- 1D
- 0.09%
- 1M
- -2.66%
- 6M
- -0.55%
- YTD
- 0.20%
- 1Y
- 6.12%
- 3Y*
- 3.86%
- 5Y*
- 0.32%
- 10Y*
- 1.78%
- ALL TIME*
- 3.98%
NVDA
- 1D
- 2.56%
- 1M
- 8.78%
- 6M
- 17.67%
- YTD
- 13.78%
- 1Y
- 17.90%
- 3Y*
- 68.13%
- 5Y*
- 59.45%
- 10Y*
- 64.89%
- ALL TIME*
- 36.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $26.92B | $26.18B | $31.86B |
DEFFX vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEFFX Delaware Tax-Free Minnesota Fund | 0.20% | 4.51% | 3.36% | 4.20% | -9.79% | 2.13% | 4.02% | 7.35% | 0.89% | 5.36% |
NVDA NVIDIA Corporation | 13.78% | 38.92% | 171.25% | 239.02% | -50.26% | 125.48% | 122.30% | 76.94% | -30.82% | 81.99% |
Correlation
The correlation between DEFFX and NVDA is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 1999 | -0.06 |
The correlation between DEFFX and NVDA shifts across timeframes, from -0.06 (all time) to 0.05 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DEFFX vs. NVDA — Risk / Return Rank
DEFFX
NVDA
DEFFX vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Tax-Free Minnesota Fund (DEFFX) and NVIDIA Corporation (NVDA). 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.
| DEFFX | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.11 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.89 | +0.87 |
| Martin ratioReturn relative to average drawdown | 5.99 | 1.80 | +4.18 |
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Drawdowns
DEFFX vs. NVDA - Drawdown Comparison
The maximum DEFFX drawdown since its inception was -14.70%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for DEFFX and NVDA.
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Drawdown Indicators
| DEFFX | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.70% | -89.72% | +75.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -20.21% | +16.59% |
Max Drawdown (3Y)Largest decline over 3 years | -6.80% | -36.88% | +30.08% |
Max Drawdown (5Y)Largest decline over 5 years | -14.64% | -66.34% | +51.70% |
Max Drawdown (10Y)Largest decline over 10 years | -14.70% | -66.34% | +51.64% |
Current DrawdownCurrent decline from peak | -2.66% | -9.99% | +7.33% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -36.06% | +34.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 9.95% | -8.89% |
Volatility
DEFFX vs. NVDA - Volatility Comparison
The current volatility for Delaware Tax-Free Minnesota Fund (DEFFX) is 1.16%, while NVIDIA Corporation (NVDA) has a volatility of 12.46%. This indicates that DEFFX experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEFFX | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 12.46% | -11.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 28.38% | -25.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.55% | 36.52% | -32.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 51.91% | -47.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 49.98% | -45.64% |
Dividends
DEFFX vs. NVDA - Dividend Comparison
DEFFX's dividend yield for the trailing twelve months is around 3.39%, more than NVDA's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEFFX Delaware Tax-Free Minnesota Fund | 3.39% | 4.69% | 3.94% | 2.81% | 2.59% | 2.18% | 2.77% | 3.63% | 3.51% | 4.33% | 3.26% | 3.52% |
NVDA NVIDIA Corporation | 0.13% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
Frequently Asked Questions
DEFFX and NVDA have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDA has higher volatility (12.46%) compared to DEFFX (1.16%). In terms of maximum drawdown, DEFFX dropped -14.70% vs NVDA's -89.72%.
DEFFX currently has the higher Sharpe Ratio (1.80 vs 0.49), 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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