DUALX vs. TNTIX
DUALX (Dupree Alabama Tax Free Income Series Fund) and TNTIX (Dupree Tennessee Tax Free Income Series Fund) are both Municipal Bonds funds from Dupree. Over the past 10 years, DUALX returned 2.77%/yr vs 2.69%/yr for TNTIX. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.70% expense ratio.
Performance
DUALX vs. TNTIX - Performance Comparison
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Returns By Period
In the year-to-date period, DUALX achieves a 1.85% return, which is significantly lower than TNTIX's 2.92% return. Both investments have delivered pretty close results over the past 10 years, with DUALX having a 2.77% annualized return and TNTIX not far behind at 2.69%.
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%
TNTIX
- 1D
- 0.00%
- 1M
- 1.79%
- YTD
- 2.92%
- 6M
- 3.81%
- 1Y
- 9.62%
- 3Y*
- 4.44%
- 5Y*
- 2.06%
- 10Y*
- 2.69%
DUALX vs. TNTIX - 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% |
TNTIX Dupree Tennessee Tax Free Income Series Fund | 2.92% | 4.82% | 2.09% | 5.44% | -6.10% | 2.12% | 4.83% | 7.06% | 2.11% | 4.84% |
Correlation
The correlation between DUALX and TNTIX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.91 |
The correlation between DUALX and TNTIX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
DUALX vs. TNTIX — Risk / Return Rank
DUALX
TNTIX
DUALX vs. TNTIX - 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 Tennessee Tax Free Income Series Fund (TNTIX). 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 | TNTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.96 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 3.46 | -0.75 |
| Martin ratioReturn relative to average drawdown | 10.62 | 14.39 | -3.77 |
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Drawdowns
DUALX vs. TNTIX - Drawdown Comparison
The maximum DUALX drawdown since its inception was -12.15%, roughly equal to the maximum TNTIX drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for DUALX and TNTIX.
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Drawdown Indicators
| DUALX | TNTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.15% | -11.89% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -2.79% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -7.27% | -7.32% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -12.11% | -10.24% | -1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -12.11% | -10.24% | -1.87% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -1.47% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.67% | +0.12% |
Volatility
DUALX vs. TNTIX - Volatility Comparison
The current volatility for Dupree Alabama Tax Free Income Series Fund (DUALX) is 0.68%, while Dupree Tennessee Tax Free Income Series Fund (TNTIX) has a volatility of 0.79%. This indicates that DUALX experiences smaller price fluctuations and is considered to be less risky than TNTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUALX | TNTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.79% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.42% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.25% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 4.75% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 4.13% | +0.16% |
DUALX vs. TNTIX - Expense Ratio Comparison
Both DUALX and TNTIX have an expense ratio of 0.70%.
Dividends
DUALX vs. TNTIX - Dividend Comparison
DUALX's dividend yield for the trailing twelve months is around 3.04%, less than TNTIX's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TNTIX Dupree Tennessee Tax Free Income Series Fund | 4.20% | 3.94% | 4.27% | 3.32% | 3.51% | 3.30% | 3.15% | 3.55% | 4.46% | 3.57% | 2.95% | 3.02% |
Frequently Asked Questions
DUALX and TNTIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNTIX has higher volatility (0.79%) compared to DUALX (0.68%). In terms of maximum drawdown, DUALX dropped -12.15% vs TNTIX's -11.89%.
TNTIX currently has the higher Sharpe Ratio (2.97 vs 2.45), 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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