DVMHX vs. DEFFX
Compare and contrast key facts about Delaware Minnesota High-Yield Municipal Bond Fund (DVMHX) and Delaware Tax-Free Minnesota Fund (DEFFX).
DVMHX is managed by Delaware Funds by Macquarie. It was launched on Jun 3, 1996. DEFFX is managed by Delaware Funds by Macquarie. It was launched on Feb 26, 1984.
Performance
DVMHX vs. DEFFX - Performance Comparison
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DVMHX vs. DEFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DVMHX Delaware Minnesota High-Yield Municipal Bond Fund | -0.50% | 4.22% | 5.10% | 5.24% | -10.69% | 3.07% | 3.95% | 8.74% | 0.79% | 5.97% |
DEFFX Delaware Tax-Free Minnesota Fund | -0.77% | 4.51% | 3.36% | 4.20% | -9.79% | 2.13% | 4.02% | 7.35% | 0.89% | 5.36% |
Returns By Period
In the year-to-date period, DVMHX achieves a -0.50% return, which is significantly higher than DEFFX's -0.77% return. Over the past 10 years, DVMHX has outperformed DEFFX with an annualized return of 2.35%, while DEFFX has yielded a comparatively lower 1.90% annualized return.
DVMHX
- 1D
- 0.41%
- 1M
- -2.57%
- YTD
- -0.50%
- 6M
- 1.38%
- 1Y
- 3.30%
- 3Y*
- 3.90%
- 5Y*
- 1.03%
- 10Y*
- 2.35%
DEFFX
- 1D
- 0.37%
- 1M
- -2.66%
- YTD
- -0.77%
- 6M
- 0.95%
- 1Y
- 3.33%
- 3Y*
- 3.07%
- 5Y*
- 0.61%
- 10Y*
- 1.90%
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DVMHX vs. DEFFX - Expense Ratio Comparison
DVMHX has a 0.88% expense ratio, which is higher than DEFFX's 0.85% expense ratio.
Return for Risk
DVMHX vs. DEFFX — Risk / Return Rank
DVMHX
DEFFX
DVMHX vs. DEFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Minnesota High-Yield Municipal Bond Fund (DVMHX) and Delaware Tax-Free Minnesota Fund (DEFFX). 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.
| DVMHX | DEFFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 0.58 | -0.03 |
Sortino ratioReturn per unit of downside risk | 0.77 | 0.82 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.79 | -0.04 |
Martin ratioReturn relative to average drawdown | 1.97 | 2.27 | -0.29 |
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
| DVMHX | DEFFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.58 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.13 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.44 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.14 | -0.04 |
Correlation
The correlation between DVMHX and DEFFX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DVMHX vs. DEFFX - Dividend Comparison
DVMHX's dividend yield for the trailing twelve months is around 3.82%, more than DEFFX's 3.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVMHX Delaware Minnesota High-Yield Municipal Bond Fund | 3.82% | 4.95% | 4.17% | 3.12% | 2.98% | 2.40% | 2.99% | 3.70% | 3.21% | 3.34% | 3.29% | 3.47% |
DEFFX Delaware Tax-Free Minnesota Fund | 3.62% | 4.69% | 3.94% | 2.81% | 2.59% | 2.18% | 2.77% | 3.63% | 3.51% | 4.33% | 3.26% | 3.52% |
Drawdowns
DVMHX vs. DEFFX - Drawdown Comparison
The maximum DVMHX drawdown since its inception was -15.73%, which is greater than DEFFX's maximum drawdown of -14.70%. Use the drawdown chart below to compare losses from any high point for DVMHX and DEFFX.
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Drawdown Indicators
| DVMHX | DEFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.73% | -14.70% | -1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -6.37% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -14.70% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -15.56% | -14.70% | -0.86% |
Current DrawdownCurrent decline from peak | -2.86% | -3.00% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -1.81% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.21% | +0.28% |
Volatility
DVMHX vs. DEFFX - Volatility Comparison
Delaware Minnesota High-Yield Municipal Bond Fund (DVMHX) and Delaware Tax-Free Minnesota Fund (DEFFX) have volatilities of 1.54% and 1.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVMHX | DEFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.48% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 2.13% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 6.63% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.95% | 4.64% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 4.31% | +0.34% |