DUMSX vs. NTFIX
DUMSX (Dupree Mississippi Tax-Free Income Series) and NTFIX (Dupree North Carolina Tax-Free Income Series) are both Municipal Bonds funds from Dupree. Over the past 10 years, DUMSX returned 2.72%/yr vs 2.33%/yr for NTFIX. Their correlation of 0.90 means they have usually moved in the same direction. DUMSX charges 0.70%/yr vs 0.68%/yr for NTFIX.
Performance
DUMSX vs. NTFIX - Performance Comparison
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Returns By Period
In the year-to-date period, DUMSX achieves a 1.42% return, which is significantly higher than NTFIX's 0.51% return. Over the past 10 years, DUMSX has outperformed NTFIX with an annualized return of 2.72%, while NTFIX has yielded a comparatively lower 2.33% annualized return.
DUMSX
- 1D
- -0.37%
- 1M
- -1.98%
- 6M
- 0.69%
- YTD
- 1.42%
- 1Y
- 7.22%
- 3Y*
- 4.62%
- 5Y*
- 1.68%
- 10Y*
- 2.72%
- ALL TIME*
- 4.44%
NTFIX
- 1D
- -0.37%
- 1M
- -2.03%
- 6M
- -0.14%
- YTD
- 0.51%
- 1Y
- 5.17%
- 3Y*
- 3.32%
- 5Y*
- 0.75%
- 10Y*
- 2.33%
- ALL TIME*
- 4.09%
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 |
DUMSX vs. NTFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DUMSX Dupree Mississippi Tax-Free Income Series | 1.42% | 6.98% | 2.35% | 5.16% | -7.10% | 2.23% | 4.69% | 6.87% | 2.20% | 5.98% |
NTFIX Dupree North Carolina Tax-Free Income Series | 0.51% | 4.53% | 2.25% | 5.48% | -8.44% | 2.06% | 5.81% | 7.38% | 2.05% | 6.09% |
Correlation
The correlation between DUMSX and NTFIX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.90 |
The correlation between DUMSX and NTFIX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
DUMSX vs. NTFIX — Risk / Return Rank
DUMSX
NTFIX
DUMSX vs. NTFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dupree Mississippi Tax-Free Income Series (DUMSX) and Dupree North Carolina Tax-Free Income Series (NTFIX). 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 | NTFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 1.63 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.53 | +0.89 |
| Martin ratioReturn relative to average drawdown | 14.31 | 9.79 | +4.51 |
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Drawdowns
DUMSX vs. NTFIX - Drawdown Comparison
The maximum DUMSX drawdown since its inception was -11.62%, smaller than the maximum NTFIX drawdown of -13.11%. Use the drawdown chart below to compare losses from any high point for DUMSX and NTFIX.
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Drawdown Indicators
| DUMSX | NTFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.62% | -13.11% | +1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -2.29% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -5.79% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -11.03% | -13.11% | +2.08% |
Max Drawdown (10Y)Largest decline over 10 years | -11.03% | -13.11% | +2.08% |
Current DrawdownCurrent decline from peak | -1.98% | -2.03% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -1.73% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.59% | -0.01% |
Volatility
DUMSX vs. NTFIX - Volatility Comparison
The current volatility for Dupree Mississippi Tax-Free Income Series (DUMSX) is 1.00%, while Dupree North Carolina Tax-Free Income Series (NTFIX) has a volatility of 1.11%. This indicates that DUMSX experiences smaller price fluctuations and is considered to be less risky than NTFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUMSX | NTFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.11% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 2.25% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 2.85% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.23% | 4.31% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.88% | 4.11% | -0.23% |
DUMSX vs. NTFIX - Expense Ratio Comparison
DUMSX has a 0.70% expense ratio, which is higher than NTFIX's 0.68% expense ratio.
Dividends
DUMSX vs. NTFIX - Dividend Comparison
DUMSX's dividend yield for the trailing twelve months is around 5.16%, more than NTFIX's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUMSX Dupree Mississippi Tax-Free Income Series | 5.16% | 6.09% | 4.79% | 3.25% | 3.22% | 3.19% | 3.11% | 3.72% | 4.66% | 4.12% | 2.94% | 3.01% |
NTFIX Dupree North Carolina Tax-Free Income Series | 3.06% | 3.61% | 4.11% | 2.93% | 3.27% | 2.87% | 2.84% | 3.36% | 4.45% | 4.04% | 2.82% | 2.95% |
Frequently Asked Questions
DUMSX and NTFIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTFIX has higher volatility (1.11%) compared to DUMSX (1.00%). In terms of maximum drawdown, DUMSX dropped -11.62% vs NTFIX's -13.11%.
DUMSX currently has the higher Sharpe Ratio (2.73 vs 2.04), 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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