DPIGX vs. VFIJX

Last updated Jun 5, 2026

DPIGX (Dupree Intermediate Government Bond Series) and VFIJX (Vanguard GNMA Fund Admiral Shares) are both Government Bonds funds. Over the past 10 years, DPIGX returned 1.62%/yr vs 1.40%/yr for VFIJX. A 0.73 correlation means they provide meaningful diversification when combined. DPIGX charges 0.70%/yr vs 0.11%/yr for VFIJX.

Performance

DPIGX vs. VFIJX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dupree Intermediate Government Bond Series (DPIGX) and Vanguard GNMA Fund Admiral Shares (VFIJX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DPIGX achieves a -0.07% return, which is significantly lower than VFIJX's 0.72% return. Over the past 10 years, DPIGX has outperformed VFIJX with an annualized return of 1.62%, while VFIJX has yielded a comparatively lower 1.40% annualized return.

DPIGX

• 1D: -0.11%
• 1M: -0.03%
• YTD: -0.07%
• 6M: 0.32%
• 1Y: 2.69%
• 3Y*: 4.01%
• 5Y*: 1.76%
• 10Y*: 1.62%

VFIJX

• 1D: -0.11%
• 1M: -0.00%
• YTD: 0.72%
• 6M: 1.04%
• 1Y: 5.77%
• 3Y*: 4.31%
• 5Y*: 0.52%
• 10Y*: 1.40%

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

DPIGX vs. VFIJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DPIGX Dupree Intermediate Government Bond Series	-0.07%	5.66%	3.67%	3.90%	-3.50%	-1.47%	3.92%	4.50%	0.68%	1.35%
VFIJX Vanguard GNMA Fund Admiral Shares	0.72%	7.84%	1.17%	5.28%	-10.72%	-1.15%	3.84%	5.94%	0.99%	1.98%

Correlation

The correlation between DPIGX and VFIJX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Feb 13, 2001	0.73

The correlation between DPIGX and VFIJX has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.

Return for Risk

DPIGX vs. VFIJX — Risk / Return Rank

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

DPIGX

DPIGX Risk / Return Rank: 26
DPIGX Sharpe Ratio Rank: 22
DPIGX Sortino Ratio Rank: 28
DPIGX Omega Ratio Rank: 25
DPIGX Calmar Ratio Rank: 29
DPIGX Martin Ratio Rank: 25

VFIJX

VFIJX Risk / Return Rank: 33
VFIJX Sharpe Ratio Rank: 31
VFIJX Sortino Ratio Rank: 33
VFIJX Omega Ratio Rank: 30
VFIJX Calmar Ratio Rank: 39
VFIJX Martin Ratio Rank: 33

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. VFIJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dupree Intermediate Government Bond Series (DPIGX) and Vanguard GNMA Fund Admiral Shares (VFIJX). 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	VFIJX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.61	-0.30
Sortino ratio: Return per unit of downside risk	2.12	2.41	-0.29
Omega ratio: Gain probability vs. loss probability	1.26	1.29	-0.03
Calmar ratio: Return relative to maximum drawdown	1.93	2.35	-0.42
Martin ratio: Return relative to average drawdown	6.00	7.44	-1.43
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. VFIJX - Sharpe Ratio Comparison

The current DPIGX Sharpe Ratio is 1.31, which is comparable to the VFIJX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of DPIGX and VFIJX, 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	VFIJX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	1.61	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.08	+0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.30	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.82	+0.17

Drawdowns

DPIGX vs. VFIJX - Drawdown Comparison

The maximum DPIGX drawdown since its inception was -10.25%, smaller than the maximum VFIJX drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for DPIGX and VFIJX.

Drawdown Indicators

	DPIGX	VFIJX	Difference
Max Drawdown Largest peak-to-trough decline	-10.25%	-16.06%	+5.81%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-2.71%	+1.25%
Max Drawdown (3Y) Largest decline over 3 years	-1.46%	-6.95%	+5.49%
Max Drawdown (5Y) Largest decline over 5 years	-5.89%	-15.68%	+9.79%
Max Drawdown (10Y) Largest decline over 10 years	-6.59%	-16.06%	+9.47%
Current Drawdown Current decline from peak	-0.82%	-1.46%	+0.64%
Average Drawdown Average peak-to-trough decline	-1.57%	-1.74%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	0.85%	-0.38%

Volatility

DPIGX vs. VFIJX - Volatility Comparison

The current volatility for Dupree Intermediate Government Bond Series (DPIGX) is 0.83%, while Vanguard GNMA Fund Admiral Shares (VFIJX) has a volatility of 1.32%. This indicates that DPIGX experiences smaller price fluctuations and is considered to be less risky than VFIJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DPIGX	VFIJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	1.32%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	2.81%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	2.15%	3.97%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.14%	6.21%	-4.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.33%	4.70%	-2.37%

DPIGX vs. VFIJX - Expense Ratio Comparison

DPIGX has a 0.70% expense ratio, which is higher than VFIJX's 0.11% expense ratio.

Dividends

DPIGX vs. VFIJX - Dividend Comparison

DPIGX's dividend yield for the trailing twelve months is around 3.43%, less than VFIJX's 3.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPIGX Dupree Intermediate Government Bond Series	3.43%	4.00%	3.39%	2.84%	2.51%	1.91%	2.29%	2.39%	2.76%	2.55%	2.51%	2.51%
VFIJX Vanguard GNMA Fund Admiral Shares	3.79%	3.72%	3.67%	3.34%	2.45%	0.73%	1.98%	2.86%	3.00%	2.73%	3.11%	2.94%

Frequently Asked Questions

Can I hold both DPIGX and VFIJX in my portfolio?

DPIGX and VFIJX have a correlation of 0.77, 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 VFIJX?

VFIJX has higher volatility (1.32%) compared to DPIGX (0.83%). In terms of maximum drawdown, DPIGX dropped -10.25% vs VFIJX's -16.06%.

Which has better risk-adjusted returns?

VFIJX currently has the higher Sharpe Ratio (1.61 vs 1.31), 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.