DLHIX vs. DMTFX
DLHIX (Delaware Healthcare Fund) and DMTFX (Delaware Tax Free USA Fund) are both mutual funds - DLHIX is a Health & Biotech Equities fund managed by Delaware Funds, while DMTFX is a Municipal Bonds fund managed by Delaware Funds. Over the past 10 years, DLHIX returned 10.83%/yr vs 2.40%/yr for DMTFX. Their -0.03 correlation means they have often moved in opposite directions in the past. DLHIX charges 0.98%/yr vs 0.80%/yr for DMTFX.
Performance
DLHIX vs. DMTFX - Performance Comparison
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Returns By Period
In the year-to-date period, DLHIX achieves a 6.25% return, which is significantly higher than DMTFX's 0.93% return. Over the past 10 years, DLHIX has outperformed DMTFX with an annualized return of 10.83%, while DMTFX has yielded a comparatively lower 2.40% annualized return.
DLHIX
- 1D
- -0.14%
- 1M
- -1.06%
- 6M
- 5.77%
- YTD
- 6.25%
- 1Y
- 33.18%
- 3Y*
- 14.76%
- 5Y*
- 8.82%
- 10Y*
- 10.83%
- ALL TIME*
- 14.02%
DMTFX
- 1D
- -0.40%
- 1M
- -2.53%
- 6M
- 0.35%
- YTD
- 0.93%
- 1Y
- 6.62%
- 3Y*
- 3.67%
- 5Y*
- -0.29%
- 10Y*
- 2.40%
- ALL TIME*
- 4.14%
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 |
DLHIX vs. DMTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLHIX Delaware Healthcare Fund | 6.25% | 22.27% | 8.76% | 5.42% | -0.99% | 5.48% | 12.02% | 31.82% | -0.59% | 32.29% |
DMTFX Delaware Tax Free USA Fund | 0.93% | 2.13% | 3.17% | 10.72% | -16.20% | 5.19% | 8.85% | 8.97% | 0.29% | 7.19% |
Correlation
The correlation between DLHIX and DMTFX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007 | -0.03 |
The correlation between DLHIX and DMTFX shifts across timeframes, from -0.03 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DLHIX vs. DMTFX — Risk / Return Rank
DLHIX
DMTFX
DLHIX vs. DMTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Healthcare Fund (DLHIX) and Delaware Tax Free USA Fund (DMTFX). 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.
| DLHIX | DMTFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 2.22 | +0.85 |
| Martin ratioReturn relative to average drawdown | 8.84 | 7.32 | +1.52 |
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Drawdowns
DLHIX vs. DMTFX - Drawdown Comparison
The maximum DLHIX drawdown since its inception was -34.64%, which is greater than DMTFX's maximum drawdown of -21.92%. Use the drawdown chart below to compare losses from any high point for DLHIX and DMTFX.
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Drawdown Indicators
| DLHIX | DMTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -21.92% | -12.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -3.60% | -6.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.79% | -9.62% | -10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.79% | -21.92% | +2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -25.60% | -21.92% | -3.68% |
Current DrawdownCurrent decline from peak | -1.96% | -2.53% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -2.54% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 1.09% | +2.48% |
Volatility
DLHIX vs. DMTFX - Volatility Comparison
Delaware Healthcare Fund (DLHIX) has a higher volatility of 4.95% compared to Delaware Tax Free USA Fund (DMTFX) at 1.17%. This indicates that DLHIX's price experiences larger fluctuations and is considered to be riskier than DMTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLHIX | DMTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 1.17% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 3.05% | +9.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 4.09% | +12.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 6.63% | +9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 6.01% | +11.90% |
DLHIX vs. DMTFX - Expense Ratio Comparison
DLHIX has a 0.98% expense ratio, which is higher than DMTFX's 0.80% expense ratio.
Dividends
DLHIX vs. DMTFX - Dividend Comparison
DLHIX's dividend yield for the trailing twelve months is around 10.50%, more than DMTFX's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLHIX Delaware Healthcare Fund | 10.50% | 11.16% | 14.00% | 6.97% | 9.16% | 5.41% | 6.19% | 7.63% | 2.11% | 3.23% | 8.20% | 7.90% |
DMTFX Delaware Tax Free USA Fund | 3.92% | 5.69% | 4.77% | 3.53% | 3.67% | 4.00% | 4.24% | 4.44% | 3.64% | 4.74% | 4.70% | 3.63% |
Frequently Asked Questions
DLHIX and DMTFX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLHIX has higher volatility (4.95%) compared to DMTFX (1.17%). In terms of maximum drawdown, DLHIX dropped -34.64% vs DMTFX's -21.92%.
DMTFX currently has the higher Sharpe Ratio (1.96 vs 1.87), 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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