DUALX vs. DPIGX
DUALX (Dupree Alabama Tax Free Income Series Fund) and DPIGX (Dupree Intermediate Government Bond Series) are both mutual funds - DUALX is a Municipal Bonds fund managed by Dupree, while DPIGX is a Government Bonds fund managed by Dupree. Over the past 10 years, DUALX returned 2.77%/yr vs 1.52%/yr for DPIGX. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.70% expense ratio.
Performance
DUALX vs. DPIGX - Performance Comparison
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Returns By Period
In the year-to-date period, DUALX achieves a 1.85% return, which is significantly higher than DPIGX's -0.39% return. Over the past 10 years, DUALX has outperformed DPIGX with an annualized return of 2.77%, while DPIGX has yielded a comparatively lower 1.52% annualized return.
DUALX
- 1D
- 0.00%
- 1M
- 1.58%
- YTD
- 1.85%
- 6M
- 2.82%
- 1Y
- 8.35%
- 3Y*
- 4.00%
- 5Y*
- 1.41%
- 10Y*
- 2.77%
DPIGX
- 1D
- -0.21%
- 1M
- 0.18%
- YTD
- -0.39%
- 6M
- -0.00%
- 1Y
- 2.26%
- 3Y*
- 3.98%
- 5Y*
- 1.74%
- 10Y*
- 1.52%
DUALX vs. DPIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DUALX Dupree Alabama Tax Free Income Series Fund | 1.85% | 4.52% | 1.88% | 5.58% | -7.77% | 2.26% | 6.13% | 8.36% | 2.44% | 5.69% |
DPIGX Dupree Intermediate Government Bond Series | -0.39% | 5.66% | 3.67% | 3.90% | -3.50% | -1.47% | 3.92% | 4.50% | 0.68% | 1.35% |
Correlation
The correlation between DUALX and DPIGX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.52 |
The correlation between DUALX and DPIGX shifts across timeframes, from 0.34 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DUALX vs. DPIGX — Risk / Return Rank
DUALX
DPIGX
DUALX vs. DPIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dupree Alabama Tax Free Income Series Fund (DUALX) and Dupree Intermediate Government Bond Series (DPIGX). 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.
| DUALX | DPIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.21 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.63 | +1.08 |
| Martin ratioReturn relative to average drawdown | 10.62 | 4.68 | +5.94 |
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Drawdowns
DUALX vs. DPIGX - Drawdown Comparison
The maximum DUALX drawdown since its inception was -12.15%, which is greater than DPIGX's maximum drawdown of -10.25%. Use the drawdown chart below to compare losses from any high point for DUALX and DPIGX.
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Drawdown Indicators
| DUALX | DPIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.15% | -10.25% | -1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -1.46% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -7.27% | -1.46% | -5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -12.11% | -5.89% | -6.22% |
Max Drawdown (10Y)Largest decline over 10 years | -12.11% | -6.59% | -5.52% |
Current DrawdownCurrent decline from peak | 0.00% | -1.14% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -1.57% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.51% | +0.28% |
Volatility
DUALX vs. DPIGX - Volatility Comparison
Dupree Alabama Tax Free Income Series Fund (DUALX) and Dupree Intermediate Government Bond Series (DPIGX) have volatilities of 0.68% and 0.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUALX | DPIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.70% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 1.67% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 2.18% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 2.14% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 2.32% | +1.97% |
DUALX vs. DPIGX - Expense Ratio Comparison
Both DUALX and DPIGX have an expense ratio of 0.70%.
Dividends
DUALX vs. DPIGX - Dividend Comparison
DUALX's dividend yield for the trailing twelve months is around 3.04%, less than DPIGX's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DPIGX Dupree Intermediate Government Bond Series | 3.44% | 4.00% | 3.39% | 2.84% | 2.51% | 1.91% | 2.29% | 2.39% | 2.76% | 2.55% | 2.51% | 2.51% |
DUALX Dupree Alabama Tax Free Income Series Fund | 3.04% | 3.79% | 4.33% | 3.08% | 3.49% | 3.09% | 3.24% | 3.75% | 4.87% | 4.44% | 3.13% | 3.20% |
Frequently Asked Questions
DUALX and DPIGX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DPIGX has higher volatility (0.70%) compared to DUALX (0.68%). In terms of maximum drawdown, DUALX dropped -12.15% vs DPIGX's -10.25%.
DUALX currently has the higher Sharpe Ratio (2.45 vs 1.09), 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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