DUALX vs. DUTMX
DUALX (Dupree Alabama Tax Free Income Series Fund) and DUTMX (Dupree Taxable Municipal Bond Fund) are both mutual funds - DUALX is a Municipal Bonds fund managed by Dupree, while DUTMX is a Intermediate Core Bond fund managed by Dupree. Over the past 10 years, DUALX returned 2.59%/yr vs 0.11%/yr for DUTMX. Their 0.48 correlation means their historical movements had little consistent relationship. DUALX charges 0.70%/yr vs 1.00%/yr for DUTMX.
Performance
DUALX vs. DUTMX - Performance Comparison
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Returns By Period
In the year-to-date period, DUALX achieves a 0.42% return, which is significantly higher than DUTMX's -0.25% return. Over the past 10 years, DUALX has outperformed DUTMX with an annualized return of 2.59%, while DUTMX has yielded a comparatively lower 0.11% annualized return.
DUALX
- 1D
- -0.44%
- 1M
- -2.42%
- 6M
- -0.36%
- YTD
- 0.42%
- 1Y
- 6.48%
- 3Y*
- 3.30%
- 5Y*
- 0.87%
- 10Y*
- 2.59%
- ALL TIME*
- 4.49%
DUTMX
- 1D
- -0.41%
- 1M
- -1.36%
- 6M
- -0.35%
- YTD
- -0.25%
- 1Y
- 2.32%
- 3Y*
- 3.31%
- 5Y*
- -3.20%
- 10Y*
- 0.11%
- ALL TIME*
- 2.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DUALX vs. DUTMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DUALX Dupree Alabama Tax Free Income Series Fund | 0.42% | 4.52% | 1.88% | 5.58% | -7.77% | 2.26% | 6.13% | 8.36% | 2.44% | 5.69% |
DUTMX Dupree Taxable Municipal Bond Fund | -0.25% | 6.44% | 1.09% | 6.83% | -25.27% | 0.28% | 6.24% | 6.66% | 2.04% | 5.12% |
Correlation
The correlation between DUALX and DUTMX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2010 | 0.48 |
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Return for Risk
DUALX vs. DUTMX — Risk / Return Rank
DUALX
DUTMX
DUALX vs. DUTMX - 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 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.
| DUALX | DUTMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.14 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 0.99 | +1.36 |
| Martin ratioReturn relative to average drawdown | 9.11 | 2.67 | +6.44 |
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Drawdowns
DUALX vs. DUTMX - Drawdown Comparison
The maximum DUALX drawdown since its inception was -12.15%, smaller than the maximum DUTMX drawdown of -30.53%. Use the drawdown chart below to compare losses from any high point for DUALX and DUTMX.
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Drawdown Indicators
| DUALX | DUTMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.15% | -30.53% | +18.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -4.05% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -7.27% | -6.14% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -12.11% | -30.53% | +18.42% |
Max Drawdown (10Y)Largest decline over 10 years | -12.11% | -30.53% | +18.42% |
Current DrawdownCurrent decline from peak | -2.42% | -15.76% | +13.34% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -7.02% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.50% | -0.70% |
Volatility
DUALX vs. DUTMX - Volatility Comparison
Dupree Alabama Tax Free Income Series Fund (DUALX) and Dupree Taxable Municipal Bond Fund (DUTMX) have volatilities of 1.31% and 1.27%, 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 | DUTMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.27% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 3.85% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 5.26% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 8.79% | -3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 7.07% | -2.76% |
DUALX vs. DUTMX - Expense Ratio Comparison
DUALX has a 0.70% expense ratio, which is lower than DUTMX's 1.00% expense ratio.
Dividends
DUALX vs. DUTMX - Dividend Comparison
DUALX's dividend yield for the trailing twelve months is around 3.14%, less than DUTMX's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUALX Dupree Alabama Tax Free Income Series Fund | 3.14% | 3.79% | 4.33% | 3.08% | 3.49% | 3.09% | 3.24% | 3.75% | 4.87% | 4.44% | 3.13% | 3.20% |
DUTMX Dupree Taxable Municipal Bond Fund | 4.17% | 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
DUALX and DUTMX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUALX has higher volatility (1.31%) compared to DUTMX (1.27%). In terms of maximum drawdown, DUALX dropped -12.15% vs DUTMX's -30.53%.
DUALX currently has the higher Sharpe Ratio (2.02 vs 0.76), 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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