DSFIX vs. DUTMX

Last updated Jun 23, 2026

DSFIX (DFA Social Fixed Income Portfolio) and DUTMX (Dupree Taxable Municipal Bond Fund) are both Intermediate Core Bond funds. Over the past 5 years, DSFIX returned 0.33%/yr vs -2.63%/yr for DUTMX. A 0.79 correlation means they provide meaningful diversification when combined. DSFIX charges 0.21%/yr vs 1.00%/yr for DUTMX.

Performance

DSFIX vs. DUTMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Social Fixed Income Portfolio (DSFIX) and Dupree Taxable Municipal Bond Fund (DUTMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSFIX achieves a 0.87% return, which is significantly lower than DUTMX's 1.56% return.

DSFIX

• 1D: 0.33%
• 1M: 0.95%
• YTD: 0.87%
• 6M: 0.98%
• 1Y: 4.86%
• 3Y*: 4.63%
• 5Y*: 0.33%
• 10Y*: —

DUTMX

• 1D: 0.27%
• 1M: 1.89%
• YTD: 1.56%
• 6M: 2.11%
• 1Y: 6.44%
• 3Y*: 3.63%
• 5Y*: -2.63%
• 10Y*: 0.47%

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

DSFIX vs. DUTMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSFIX DFA Social Fixed Income Portfolio	0.87%	6.80%	1.81%	7.18%	-13.07%	-2.19%	9.26%	9.83%	-0.32%	3.24%
DUTMX Dupree Taxable Municipal Bond Fund	1.56%	6.44%	1.09%	6.83%	-25.27%	0.28%	6.24%	6.66%	2.04%	5.12%

Correlation

The correlation between DSFIX and DUTMX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.79

The correlation between DSFIX and DUTMX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

Return for Risk

DSFIX vs. DUTMX — Risk / Return Rank

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

DSFIX

DSFIX Risk / Return Rank: 23
DSFIX Sharpe Ratio Rank: 22
DSFIX Sortino Ratio Rank: 23
DSFIX Omega Ratio Rank: 21
DSFIX Calmar Ratio Rank: 28
DSFIX Martin Ratio Rank: 22

DUTMX

DUTMX Risk / Return Rank: 21
DUTMX Sharpe Ratio Rank: 20
DUTMX Sortino Ratio Rank: 22
DUTMX Omega Ratio Rank: 20
DUTMX Calmar Ratio Rank: 22
DUTMX Martin Ratio Rank: 20

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.

DSFIX vs. DUTMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Social Fixed Income Portfolio (DSFIX) and Dupree Taxable Municipal Bond Fund (DUTMX). 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.

	DSFIX	DUTMX	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.20	+0.06
Sortino ratio: Return per unit of downside risk	1.87	1.81	+0.06
Omega ratio: Gain probability vs. loss probability	1.22	1.22	+0.01
Calmar ratio: Return relative to maximum drawdown	1.84	1.63	+0.21
Martin ratio: Return relative to average drawdown	5.03	4.80	+0.23

DSFIX vs. DUTMX - Sharpe Ratio Comparison

The current DSFIX Sharpe Ratio is 1.26, which is comparable to the DUTMX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of DSFIX and DUTMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DSFIX vs. DUTMX - Drawdown Comparison

The maximum DSFIX drawdown since its inception was -18.94%, smaller than the maximum DUTMX drawdown of -30.53%. Use the drawdown chart below to compare losses from any high point for DSFIX and DUTMX.

Drawdown Indicators

	DSFIX	DUTMX	Difference
Max Drawdown Largest peak-to-trough decline	-18.94%	-30.53%	+11.59%
Max Drawdown (1Y) Largest decline over 1 year	-2.66%	-4.05%	+1.39%
Max Drawdown (3Y) Largest decline over 3 years	-4.70%	-7.80%	+3.10%
Max Drawdown (5Y) Largest decline over 5 years	-18.87%	-30.53%	+11.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.53%	—
Current Drawdown Current decline from peak	-0.97%	-14.23%	+13.26%
Average Drawdown Average peak-to-trough decline	-4.65%	-6.97%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	1.38%	-0.41%

Volatility

DSFIX vs. DUTMX - Volatility Comparison

The current volatility for DFA Social Fixed Income Portfolio (DSFIX) is 1.14%, while Dupree Taxable Municipal Bond Fund (DUTMX) has a volatility of 1.25%. This indicates that DSFIX experiences smaller price fluctuations and is considered to be less risky than DUTMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSFIX	DUTMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	1.25%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	3.80%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	3.90%	5.53%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.78%	8.81%	-3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.95%	7.08%	-2.13%

DSFIX vs. DUTMX - Expense Ratio Comparison

DSFIX has a 0.21% expense ratio, which is lower than DUTMX's 1.00% expense ratio.

Dividends

DSFIX vs. DUTMX - Dividend Comparison

DSFIX's dividend yield for the trailing twelve months is around 4.11%, less than DUTMX's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSFIX DFA Social Fixed Income Portfolio	4.11%	3.61%	3.95%	3.28%	2.54%	2.70%	2.22%	2.58%	2.56%	1.87%	0.00%	0.00%
DUTMX Dupree Taxable Municipal Bond Fund	4.46%	4.57%	4.26%	4.02%	4.28%	2.32%	4.69%	5.18%	5.04%	4.89%	4.84%	4.77%

Frequently Asked Questions

Can I hold both DSFIX and DUTMX in my portfolio?

DSFIX and DUTMX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSFIX or DUTMX?

DUTMX has higher volatility (1.25%) compared to DSFIX (1.14%). In terms of maximum drawdown, DSFIX dropped -18.94% vs DUTMX's -30.53%.

Which has better risk-adjusted returns?

DSFIX currently has the higher Sharpe Ratio (1.26 vs 1.20), 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.