DUMSX vs. DCARX
Compare and contrast key facts about Dupree Mississippi Tax-Free Income Series (DUMSX) and DFA California Municipal Real Return Portfolio (DCARX).
DUMSX is managed by Dupree. It was launched on Dec 30, 1999. DCARX is managed by Dimensional. It was launched on Oct 31, 2017.
Performance
DUMSX vs. DCARX - Performance Comparison
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DUMSX vs. DCARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DUMSX Dupree Mississippi Tax-Free Income Series | -0.30% | 6.98% | 2.35% | 5.16% | -7.10% | 2.23% | 4.69% | 6.87% | 2.20% | 2.17% |
DCARX DFA California Municipal Real Return Portfolio | 1.09% | 2.64% | 3.16% | 2.63% | -1.06% | 6.21% | 2.35% | 5.08% | -0.46% | 1.16% |
Returns By Period
In the year-to-date period, DUMSX achieves a -0.30% return, which is significantly lower than DCARX's 1.09% return.
DUMSX
- 1D
- 0.18%
- 1M
- -1.88%
- YTD
- -0.30%
- 6M
- 1.51%
- 1Y
- 5.39%
- 3Y*
- 4.00%
- 5Y*
- 1.76%
- 10Y*
- 2.73%
DCARX
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.09%
- 6M
- 1.13%
- 1Y
- 2.59%
- 3Y*
- 2.55%
- 5Y*
- 2.68%
- 10Y*
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DUMSX vs. DCARX - Expense Ratio Comparison
DUMSX has a 0.70% expense ratio, which is higher than DCARX's 0.26% expense ratio.
Return for Risk
DUMSX vs. DCARX — Risk / Return Rank
DUMSX
DCARX
DUMSX vs. DCARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dupree Mississippi Tax-Free Income Series (DUMSX) and DFA California Municipal Real Return Portfolio (DCARX). 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.
| DUMSX | DCARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 2.06 | -1.15 |
Sortino ratioReturn per unit of downside risk | 1.33 | 2.97 | -1.64 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.57 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.99 | -1.71 |
Martin ratioReturn relative to average drawdown | 5.55 | 12.16 | -6.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DUMSX | DCARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 2.06 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 1.20 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.93 | +0.19 |
Correlation
The correlation between DUMSX and DCARX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DUMSX vs. DCARX - Dividend Comparison
DUMSX's dividend yield for the trailing twelve months is around 4.58%, more than DCARX's 3.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUMSX Dupree Mississippi Tax-Free Income Series | 4.58% | 6.09% | 4.79% | 3.25% | 3.22% | 3.19% | 3.11% | 3.72% | 4.66% | 4.12% | 2.94% | 3.01% |
DCARX DFA California Municipal Real Return Portfolio | 3.41% | 3.11% | 3.52% | 1.84% | 0.90% | 0.78% | 1.12% | 1.43% | 1.27% | 0.09% | 0.00% | 0.00% |
Drawdowns
DUMSX vs. DCARX - Drawdown Comparison
The maximum DUMSX drawdown since its inception was -11.62%, smaller than the maximum DCARX drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for DUMSX and DCARX.
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Drawdown Indicators
| DUMSX | DCARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.62% | -12.27% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.08% | -0.93% | -5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -11.03% | -4.79% | -6.24% |
Max Drawdown (10Y)Largest decline over 10 years | -11.03% | — | — |
Current DrawdownCurrent decline from peak | -2.06% | -0.24% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -0.76% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.23% | +1.18% |
Volatility
DUMSX vs. DCARX - Volatility Comparison
Dupree Mississippi Tax-Free Income Series (DUMSX) has a higher volatility of 0.89% compared to DFA California Municipal Real Return Portfolio (DCARX) at 0.51%. This indicates that DUMSX's price experiences larger fluctuations and is considered to be riskier than DCARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUMSX | DCARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.51% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 0.71% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 1.28% | +5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 2.25% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 2.93% | +0.93% |