DPIGX vs. KYTFX

Last updated Jun 3, 2026

DPIGX (Dupree Intermediate Government Bond Series) and KYTFX (Dupree Kentucky Tax Free Income Series Fund) are both mutual funds - DPIGX is a Government Bonds fund managed by Dupree, while KYTFX is a Municipal Bonds fund managed by Dupree. Over the past 10 years, DPIGX returned 1.63%/yr vs 2.91%/yr for KYTFX. A 0.51 correlation means they provide meaningful diversification when combined. DPIGX charges 0.70%/yr vs 0.56%/yr for KYTFX.

Performance

DPIGX vs. KYTFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dupree Intermediate Government Bond Series (DPIGX) and Dupree Kentucky Tax Free Income Series Fund (KYTFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DPIGX achieves a 0.04% return, which is significantly lower than KYTFX's 1.08% return. Over the past 10 years, DPIGX has underperformed KYTFX with an annualized return of 1.63%, while KYTFX has yielded a comparatively higher 2.91% annualized return.

DPIGX

• 1D: -0.11%
• 1M: -0.03%
• YTD: 0.04%
• 6M: 0.32%
• 1Y: 2.91%
• 3Y*: 4.05%
• 5Y*: 1.78%
• 10Y*: 1.63%

KYTFX

• 1D: 0.00%
• 1M: 0.14%
• YTD: 1.08%
• 6M: 1.88%
• 1Y: 7.20%
• 3Y*: 4.06%
• 5Y*: 1.61%
• 10Y*: 2.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DPIGX vs. KYTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DPIGX Dupree Intermediate Government Bond Series	0.04%	5.66%	3.67%	3.90%	-3.50%	-1.47%	3.92%	4.50%	0.68%	1.35%
KYTFX Dupree Kentucky Tax Free Income Series Fund	1.08%	4.66%	2.45%	5.87%	-7.20%	2.90%	5.14%	7.94%	3.00%	5.73%

Correlation

The correlation between DPIGX and KYTFX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jul 15, 1992	0.51

The correlation between DPIGX and KYTFX shifts across timeframes, from 0.31 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DPIGX vs. KYTFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DPIGX

DPIGX Risk / Return Rank: 28
DPIGX Sharpe Ratio Rank: 22
DPIGX Sortino Ratio Rank: 28
DPIGX Omega Ratio Rank: 26
DPIGX Calmar Ratio Rank: 34
DPIGX Martin Ratio Rank: 29

KYTFX

KYTFX Risk / Return Rank: 69
KYTFX Sharpe Ratio Rank: 67
KYTFX Sortino Ratio Rank: 87
KYTFX Omega Ratio Rank: 96
KYTFX Calmar Ratio Rank: 46
KYTFX Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DPIGX vs. KYTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dupree Intermediate Government Bond Series (DPIGX) and Dupree Kentucky Tax Free Income Series Fund (KYTFX). 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.

	DPIGX	KYTFX	Difference
Sharpe ratio Return per unit of total volatility	1.36	2.40	-1.04
Sortino ratio Return per unit of downside risk	2.21	4.13	-1.93
Omega ratio Gain probability vs. loss probability	1.27	1.82	-0.55
Calmar ratio Return relative to maximum drawdown	2.21	2.58	-0.38
Martin ratio Return relative to average drawdown	6.95	10.57	-3.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DPIGX vs. KYTFX - Sharpe Ratio Comparison

The current DPIGX Sharpe Ratio is 1.36, which is lower than the KYTFX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of DPIGX and KYTFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DPIGX	KYTFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	2.40	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.37	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.71	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.50	+0.48

Drawdowns

DPIGX vs. KYTFX - Drawdown Comparison

The maximum DPIGX drawdown since its inception was -10.25%, smaller than the maximum KYTFX drawdown of -40.02%. Use the drawdown chart below to compare losses from any high point for DPIGX and KYTFX.

Drawdown Indicators

	DPIGX	KYTFX	Difference
Max Drawdown Largest peak-to-trough decline	-10.25%	-40.02%	+29.77%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-2.73%	+1.27%
Max Drawdown (3Y) Largest decline over 3 years	-1.46%	-5.97%	+4.51%
Max Drawdown (5Y) Largest decline over 5 years	-5.89%	-11.96%	+6.07%
Max Drawdown (10Y) Largest decline over 10 years	-6.59%	-11.96%	+5.37%
Current Drawdown Current decline from peak	-0.72%	-0.44%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.57%	-9.50%	+7.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	0.67%	-0.21%

Volatility

DPIGX vs. KYTFX - Volatility Comparison

The current volatility for Dupree Intermediate Government Bond Series (DPIGX) is 0.86%, while Dupree Kentucky Tax Free Income Series Fund (KYTFX) has a volatility of 0.99%. This indicates that DPIGX experiences smaller price fluctuations and is considered to be less risky than KYTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DPIGX	KYTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	0.99%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	1.68%	2.28%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	2.15%	2.96%	-0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.14%	4.42%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.34%	4.10%	-1.76%

DPIGX vs. KYTFX - Expense Ratio Comparison

DPIGX has a 0.70% expense ratio, which is higher than KYTFX's 0.56% expense ratio.

Dividends

DPIGX vs. KYTFX - Dividend Comparison

DPIGX's dividend yield for the trailing twelve months is around 3.42%, more than KYTFX's 3.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPIGX Dupree Intermediate Government Bond Series	3.42%	4.00%	3.39%	2.84%	2.51%	1.91%	2.29%	2.39%	2.76%	2.55%	2.51%	2.51%
KYTFX Dupree Kentucky Tax Free Income Series Fund	3.09%	3.77%	4.38%	3.25%	3.56%	3.36%	3.34%	3.86%	5.15%	4.51%	3.17%	3.22%

Frequently Asked Questions

Can I hold both DPIGX and KYTFX in my portfolio?

DPIGX and KYTFX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DPIGX or KYTFX?

KYTFX has higher volatility (0.99%) compared to DPIGX (0.86%). In terms of maximum drawdown, DPIGX dropped -10.25% vs KYTFX's -40.02%.

Which has better risk-adjusted returns?

KYTFX currently has the higher Sharpe Ratio (2.40 vs 1.36), 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.