DUTMX vs. CFBNX
DUTMX (Dupree Taxable Municipal Bond Fund) and CFBNX (Commerce Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, DUTMX returned 0.47%/yr vs 1.91%/yr for CFBNX. Their correlation of 0.85 suggests significant overlap in exposure. DUTMX charges 1.00%/yr vs 0.60%/yr for CFBNX.
Performance
DUTMX vs. CFBNX - 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 CFBNX's 0.41% return. Over the past 10 years, DUTMX has underperformed CFBNX with an annualized return of 0.47%, while CFBNX has yielded a comparatively higher 1.91% 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%
CFBNX
- 1D
- 0.22%
- 1M
- 0.87%
- YTD
- 0.41%
- 6M
- 0.72%
- 1Y
- 4.83%
- 3Y*
- 4.16%
- 5Y*
- 0.07%
- 10Y*
- 1.91%
DUTMX vs. CFBNX - 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% |
CFBNX Commerce Bond Fund | 0.41% | 7.12% | 1.52% | 5.97% | -13.30% | -0.56% | 7.15% | 8.97% | -0.58% | 4.55% |
Correlation
The correlation between DUTMX and CFBNX is 0.88, 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 | 0.88 |
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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2010 | 0.85 |
The correlation between DUTMX and CFBNX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
DUTMX vs. CFBNX — Risk / Return Rank
DUTMX
CFBNX
DUTMX vs. CFBNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dupree Taxable Municipal Bond Fund (DUTMX) and Commerce Bond Fund (CFBNX). 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 | CFBNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.63 | +0.01 |
| Martin ratioReturn relative to average drawdown | 4.80 | 4.53 | +0.27 |
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Drawdowns
DUTMX vs. CFBNX - Drawdown Comparison
The maximum DUTMX drawdown since its inception was -30.53%, which is greater than CFBNX's maximum drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for DUTMX and CFBNX.
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Drawdown Indicators
| DUTMX | CFBNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.53% | -17.90% | -12.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -2.98% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -7.80% | -5.72% | -2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -17.90% | -12.63% |
Max Drawdown (10Y)Largest decline over 10 years | -30.53% | -17.90% | -12.63% |
Current DrawdownCurrent decline from peak | -14.23% | -1.47% | -12.76% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -2.11% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.07% | +0.31% |
Volatility
DUTMX vs. CFBNX - Volatility Comparison
Dupree Taxable Municipal Bond Fund (DUTMX) has a higher volatility of 1.25% compared to Commerce Bond Fund (CFBNX) at 1.19%. This indicates that DUTMX's price experiences larger fluctuations and is considered to be riskier than CFBNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUTMX | CFBNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.19% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 2.85% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.53% | 3.82% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.81% | 5.56% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 4.71% | +2.37% |
DUTMX vs. CFBNX - Expense Ratio Comparison
DUTMX has a 1.00% expense ratio, which is higher than CFBNX's 0.60% expense ratio.
Dividends
DUTMX vs. CFBNX - Dividend Comparison
DUTMX's dividend yield for the trailing twelve months is around 4.46%, more than CFBNX's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFBNX Commerce Bond Fund | 3.62% | 3.54% | 2.94% | 2.67% | 2.40% | 3.02% | 2.71% | 3.14% | 3.25% | 3.23% | 3.40% | 3.52% |
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
DUTMX and CFBNX have a correlation of 0.88, 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 CFBNX (1.19%). In terms of maximum drawdown, DUTMX dropped -30.53% vs CFBNX's -17.90%.
CFBNX currently has the higher Sharpe Ratio (1.27 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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