DUTMX vs. APBDX
DUTMX (Dupree Taxable Municipal Bond Fund) and APBDX (Cavanal Hill Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, DUTMX returned 0.47%/yr vs 1.12%/yr for APBDX. Their correlation of 0.83 suggests significant overlap in exposure. DUTMX charges 1.00%/yr vs 0.72%/yr for APBDX.
Performance
DUTMX vs. APBDX - Performance Comparison
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Returns By Period
In the year-to-date period, DUTMX achieves a 1.56% return, which is significantly higher than APBDX's 0.41% return. Over the past 10 years, DUTMX has underperformed APBDX with an annualized return of 0.47%, while APBDX has yielded a comparatively higher 1.12% annualized return.
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%
APBDX
- 1D
- 0.12%
- 1M
- 1.04%
- YTD
- 0.41%
- 6M
- 0.85%
- 1Y
- 4.27%
- 3Y*
- 3.93%
- 5Y*
- -0.22%
- 10Y*
- 1.12%
DUTMX vs. APBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
APBDX Cavanal Hill Bond Fund | 0.41% | 6.49% | 1.90% | 5.47% | -13.46% | -1.57% | 6.67% | 7.17% | 0.02% | 2.18% |
Correlation
The correlation between DUTMX and APBDX is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2010 | 0.83 |
The correlation between DUTMX and APBDX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
DUTMX vs. APBDX — Risk / Return Rank
DUTMX
APBDX
DUTMX vs. APBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dupree Taxable Municipal Bond Fund (DUTMX) and Cavanal Hill Bond Fund (APBDX). 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.
| DUTMX | APBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.57 | +0.07 |
| Martin ratioReturn relative to average drawdown | 4.80 | 4.37 | +0.43 |
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Drawdowns
DUTMX vs. APBDX - Drawdown Comparison
The maximum DUTMX drawdown since its inception was -30.53%, which is greater than APBDX's maximum drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for DUTMX and APBDX.
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Drawdown Indicators
| DUTMX | APBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.53% | -18.21% | -12.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -2.83% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -7.80% | -5.81% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -18.21% | -12.32% |
Max Drawdown (10Y)Largest decline over 10 years | -30.53% | -18.21% | -12.32% |
Current DrawdownCurrent decline from peak | -14.23% | -2.15% | -12.08% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -2.58% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.01% | +0.37% |
Volatility
DUTMX vs. APBDX - Volatility Comparison
Dupree Taxable Municipal Bond Fund (DUTMX) has a higher volatility of 1.25% compared to Cavanal Hill Bond Fund (APBDX) at 0.97%. This indicates that DUTMX's price experiences larger fluctuations and is considered to be riskier than APBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUTMX | APBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.97% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 2.64% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.53% | 3.79% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.81% | 5.73% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 4.73% | +2.35% |
DUTMX vs. APBDX - Expense Ratio Comparison
DUTMX has a 1.00% expense ratio, which is higher than APBDX's 0.72% expense ratio.
Dividends
DUTMX vs. APBDX - Dividend Comparison
DUTMX's dividend yield for the trailing twelve months is around 4.46%, more than APBDX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APBDX Cavanal Hill Bond Fund | 3.73% | 3.54% | 3.45% | 2.65% | 2.41% | 1.85% | 1.79% | 2.24% | 2.16% | 1.62% | 1.97% | 1.79% |
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
With a correlation of 0.91, DUTMX and APBDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DUTMX has higher volatility (1.25%) compared to APBDX (0.97%). In terms of maximum drawdown, DUTMX dropped -30.53% vs APBDX's -18.21%.
DUTMX currently has the higher Sharpe Ratio (1.20 vs 1.17), 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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