DMTFX vs. DEMIX
Compare and contrast key facts about Delaware Tax Free USA Fund (DMTFX) and Delaware Emerging Markets Fund (DEMIX).
DMTFX is managed by Delaware Funds. It was launched on Jan 10, 1984. DEMIX is managed by Delaware Funds. It was launched on Jun 9, 1996.
Performance
DMTFX vs. DEMIX - Performance Comparison
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DMTFX vs. DEMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DMTFX Delaware Tax Free USA Fund | -1.20% | 2.13% | 3.17% | 10.72% | -16.20% | 5.19% | 8.85% | 8.97% | 0.29% | 7.19% |
DEMIX Delaware Emerging Markets Fund | 13.36% | 86.79% | 6.52% | 17.59% | -28.66% | -2.08% | 26.09% | 24.33% | -17.10% | 41.98% |
Returns By Period
In the year-to-date period, DMTFX achieves a -1.20% return, which is significantly lower than DEMIX's 13.36% return. Over the past 10 years, DMTFX has underperformed DEMIX with an annualized return of 2.45%, while DEMIX has yielded a comparatively higher 14.40% annualized return.
DMTFX
- 1D
- 0.30%
- 1M
- -3.30%
- YTD
- -1.20%
- 6M
- -0.58%
- 1Y
- 1.13%
- 3Y*
- 3.69%
- 5Y*
- 0.26%
- 10Y*
- 2.45%
DEMIX
- 1D
- 0.99%
- 1M
- -18.24%
- YTD
- 13.36%
- 6M
- 43.46%
- 1Y
- 104.80%
- 3Y*
- 35.24%
- 5Y*
- 12.50%
- 10Y*
- 14.40%
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DMTFX vs. DEMIX - Expense Ratio Comparison
DMTFX has a 0.80% expense ratio, which is lower than DEMIX's 1.26% expense ratio.
Return for Risk
DMTFX vs. DEMIX — Risk / Return Rank
DMTFX
DEMIX
DMTFX vs. DEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Tax Free USA Fund (DMTFX) and Delaware Emerging Markets Fund (DEMIX). 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.
| DMTFX | DEMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.28 | 3.11 | -2.84 |
Sortino ratioReturn per unit of downside risk | 0.41 | 3.29 | -2.87 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.51 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 4.81 | -4.55 |
Martin ratioReturn relative to average drawdown | 0.62 | 18.57 | -17.95 |
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
| DMTFX | DEMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 3.11 | -2.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.54 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.66 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.44 | +0.51 |
Correlation
The correlation between DMTFX and DEMIX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DMTFX vs. DEMIX - Dividend Comparison
DMTFX's dividend yield for the trailing twelve months is around 4.42%, less than DEMIX's 16.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMTFX Delaware Tax Free USA Fund | 4.42% | 5.69% | 4.77% | 3.53% | 3.67% | 4.00% | 4.24% | 4.44% | 3.64% | 4.74% | 4.70% | 3.63% |
DEMIX Delaware Emerging Markets Fund | 16.74% | 18.97% | 1.99% | 2.95% | 1.89% | 3.42% | 0.87% | 0.80% | 0.65% | 1.80% | 0.94% | 0.30% |
Drawdowns
DMTFX vs. DEMIX - Drawdown Comparison
The maximum DMTFX drawdown since its inception was -21.92%, smaller than the maximum DEMIX drawdown of -63.15%. Use the drawdown chart below to compare losses from any high point for DMTFX and DEMIX.
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Drawdown Indicators
| DMTFX | DEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.92% | -63.15% | +41.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -20.32% | +13.24% |
Max Drawdown (5Y)Largest decline over 5 years | -21.92% | -43.95% | +22.03% |
Max Drawdown (10Y)Largest decline over 10 years | -21.92% | -46.29% | +24.37% |
Current DrawdownCurrent decline from peak | -3.57% | -19.53% | +15.96% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -18.54% | +15.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 5.26% | -2.27% |
Volatility
DMTFX vs. DEMIX - Volatility Comparison
The current volatility for Delaware Tax Free USA Fund (DMTFX) is 1.52%, while Delaware Emerging Markets Fund (DEMIX) has a volatility of 19.15%. This indicates that DMTFX experiences smaller price fluctuations and is considered to be less risky than DEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMTFX | DEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 19.15% | -17.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 28.50% | -26.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.46% | 33.36% | -25.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.56% | 23.11% | -16.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 21.94% | -15.97% |