DEGGX vs. DEFFX
DEGGX (Delaware Strategic Income Fund) and DEFFX (Delaware Tax-Free Minnesota Fund) are both mutual funds - DEGGX is a Multisector Bonds fund managed by Delaware Funds, while DEFFX is a Municipal Bonds fund managed by Delaware Funds. Over the past 10 years, DEGGX returned 3.55%/yr vs 1.78%/yr for DEFFX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. DEGGX charges 0.90%/yr vs 0.85%/yr for DEFFX.
Performance
DEGGX vs. DEFFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DEGGX achieves a 0.47% return, which is significantly higher than DEFFX's 0.29% return. Over the past 10 years, DEGGX has outperformed DEFFX with an annualized return of 3.55%, while DEFFX has yielded a comparatively lower 1.78% annualized return.
DEGGX
- 1D
- 0.13%
- 1M
- -0.93%
- 6M
- 0.36%
- YTD
- 0.47%
- 1Y
- 3.88%
- 3Y*
- 6.35%
- 5Y*
- 2.30%
- 10Y*
- 3.55%
- ALL TIME*
- 9.77%
DEFFX
- 1D
- -0.36%
- 1M
- -2.58%
- 6M
- -0.37%
- YTD
- 0.29%
- 1Y
- 6.42%
- 3Y*
- 3.49%
- 5Y*
- 0.34%
- 10Y*
- 1.78%
- ALL TIME*
- 3.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DEGGX vs. DEFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEGGX Delaware Strategic Income Fund | 0.47% | 7.92% | 6.56% | 8.76% | -10.49% | 1.16% | 10.12% | 13.63% | -4.11% | 6.72% |
DEFFX Delaware Tax-Free Minnesota Fund | 0.29% | 4.51% | 3.36% | 4.20% | -9.79% | 2.13% | 4.02% | 7.35% | 0.89% | 5.36% |
Correlation
The correlation between DEGGX and DEFFX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996 | 0.59 |
The correlation between DEGGX and DEFFX shifts across timeframes, from 0.48 (10 years) to 0.59 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DEGGX vs. DEFFX — Risk / Return Rank
DEGGX
DEFFX
DEGGX vs. DEFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Strategic Income Fund (DEGGX) and Delaware Tax-Free Minnesota Fund (DEFFX). 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.
| DEGGX | DEFFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.49 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.08 | -0.24 |
| Martin ratioReturn relative to average drawdown | 7.95 | 7.26 | +0.69 |
Loading charts...
Drawdowns
DEGGX vs. DEFFX - Drawdown Comparison
The maximum DEGGX drawdown since its inception was -16.81%, which is greater than DEFFX's maximum drawdown of -14.70%. Use the drawdown chart below to compare losses from any high point for DEGGX and DEFFX.
Loading charts...
Drawdown Indicators
| DEGGX | DEFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.81% | -14.70% | -2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -3.62% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -6.80% | +3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -16.07% | -14.70% | -1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -16.81% | -14.70% | -2.11% |
Current DrawdownCurrent decline from peak | -0.93% | -2.58% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -1.80% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 1.03% | -0.47% |
Volatility
DEGGX vs. DEFFX - Volatility Comparison
The current volatility for Delaware Strategic Income Fund (DEGGX) is 0.59%, while Delaware Tax-Free Minnesota Fund (DEFFX) has a volatility of 1.16%. This indicates that DEGGX experiences smaller price fluctuations and is considered to be less risky than DEFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DEGGX | DEFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 1.16% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.25% | 2.87% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.80% | 3.60% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 4.74% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 4.34% | -0.20% |
DEGGX vs. DEFFX - Expense Ratio Comparison
DEGGX has a 0.90% expense ratio, which is higher than DEFFX's 0.85% expense ratio.
Dividends
DEGGX vs. DEFFX - Dividend Comparison
DEGGX's dividend yield for the trailing twelve months is around 5.62%, more than DEFFX's 3.39% 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% |
DEGGX Delaware Strategic Income Fund | 5.62% | 6.09% | 5.91% | 4.46% | 4.60% | 3.78% | 4.14% | 5.41% | 5.32% | 4.91% | 2.54% | 2.77% |
Frequently Asked Questions
DEGGX and DEFFX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEFFX has higher volatility (1.16%) compared to DEGGX (0.59%). In terms of maximum drawdown, DEGGX dropped -16.81% vs DEFFX's -14.70%.
DEFFX currently has the higher Sharpe Ratio (2.09 vs 1.60), 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.
Find the right allocation for DEGGX and DEFFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer