DUMSX vs. DUTMX
DUMSX (Dupree Mississippi Tax-Free Income Series) and DUTMX (Dupree Taxable Municipal Bond Fund) are both mutual funds - DUMSX is a Municipal Bonds fund managed by Dupree, while DUTMX is a Intermediate Core Bond fund managed by Dupree. Over the past 10 years, DUMSX returned 2.88%/yr vs 0.47%/yr for DUTMX. At a 0.48 correlation, their price movements are largely independent. DUMSX charges 0.70%/yr vs 1.00%/yr for DUTMX.
Performance
DUMSX vs. DUTMX - Performance Comparison
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Returns By Period
In the year-to-date period, DUMSX achieves a 2.45% return, which is significantly higher than DUTMX's 1.56% return. Over the past 10 years, DUMSX has outperformed DUTMX with an annualized return of 2.88%, while DUTMX has yielded a comparatively lower 0.47% annualized return.
DUMSX
- 1D
- 0.09%
- 1M
- 1.47%
- YTD
- 2.45%
- 6M
- 3.27%
- 1Y
- 9.20%
- 3Y*
- 5.15%
- 5Y*
- 2.08%
- 10Y*
- 2.88%
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%
DUMSX vs. DUTMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DUMSX Dupree Mississippi Tax-Free Income Series | 2.45% | 6.98% | 2.35% | 5.16% | -7.10% | 2.23% | 4.69% | 6.87% | 2.20% | 5.98% |
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 DUMSX and DUTMX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2010 | 0.48 |
The correlation between DUMSX and DUTMX has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.
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Return for Risk
DUMSX vs. DUTMX — Risk / Return Rank
DUMSX
DUTMX
DUMSX vs. DUTMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dupree Mississippi Tax-Free Income Series (DUMSX) 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.
| DUMSX | DUTMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +4.34 | ||
| Omega ratioGain probability vs. loss probability | 2.16 | 1.22 | +0.94 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 1.63 | +2.19 |
| Martin ratioReturn relative to average drawdown | 17.07 | 4.80 | +12.27 |
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Drawdowns
DUMSX vs. DUTMX - Drawdown Comparison
The maximum DUMSX drawdown since its inception was -11.62%, smaller than the maximum DUTMX drawdown of -30.53%. Use the drawdown chart below to compare losses from any high point for DUMSX and DUTMX.
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Drawdown Indicators
| DUMSX | DUTMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.62% | -30.53% | +18.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -4.05% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -7.80% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -11.03% | -30.53% | +19.50% |
Max Drawdown (10Y)Largest decline over 10 years | -11.03% | -30.53% | +19.50% |
Current DrawdownCurrent decline from peak | 0.00% | -14.23% | +14.23% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -6.97% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.38% | -0.84% |
Volatility
DUMSX vs. DUTMX - Volatility Comparison
The current volatility for Dupree Mississippi Tax-Free Income Series (DUMSX) is 0.66%, while Dupree Taxable Municipal Bond Fund (DUTMX) has a volatility of 1.25%. This indicates that DUMSX 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.
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Volatility by Period
| DUMSX | DUTMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.25% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 3.80% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 5.53% | -2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.19% | 8.81% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.88% | 7.08% | -3.20% |
DUMSX vs. DUTMX - Expense Ratio Comparison
DUMSX has a 0.70% expense ratio, which is lower than DUTMX's 1.00% expense ratio.
Dividends
DUMSX vs. DUTMX - Dividend Comparison
DUMSX's dividend yield for the trailing twelve months is around 5.32%, more than DUTMX's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUMSX Dupree Mississippi Tax-Free Income Series | 5.32% | 6.09% | 4.79% | 3.25% | 3.22% | 3.19% | 3.11% | 3.72% | 4.66% | 4.12% | 2.94% | 3.01% |
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
DUMSX and DUTMX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUTMX has higher volatility (1.25%) compared to DUMSX (0.66%). In terms of maximum drawdown, DUMSX dropped -11.62% vs DUTMX's -30.53%.
DUMSX currently has the higher Sharpe Ratio (3.18 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.
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