DVMHX vs. MINN
Compare and contrast key facts about Delaware Minnesota High-Yield Municipal Bond Fund (DVMHX) and Mairs & Power Minnesota Municipal Bond ETF (MINN).
DVMHX is managed by Delaware Funds by Macquarie. It was launched on Jun 3, 1996. MINN is an actively managed fund by Mairs & Power. It was launched on Mar 11, 2021.
Performance
DVMHX vs. MINN - Performance Comparison
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DVMHX vs. MINN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DVMHX Delaware Minnesota High-Yield Municipal Bond Fund | -0.91% | 4.22% | 5.10% | 5.24% | -10.69% | 2.92% |
MINN Mairs & Power Minnesota Municipal Bond ETF | -1.20% | 5.61% | 0.21% | 5.41% | -12.27% | 1.28% |
Returns By Period
In the year-to-date period, DVMHX achieves a -0.91% return, which is significantly higher than MINN's -1.20% return.
DVMHX
- 1D
- 0.31%
- 1M
- -3.26%
- YTD
- -0.91%
- 6M
- 1.07%
- 1Y
- 3.30%
- 3Y*
- 3.76%
- 5Y*
- 0.97%
- 10Y*
- 2.30%
MINN
- 1D
- 0.18%
- 1M
- -2.27%
- YTD
- -1.20%
- 6M
- 0.91%
- 1Y
- 3.98%
- 3Y*
- 2.44%
- 5Y*
- -0.46%
- 10Y*
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DVMHX vs. MINN - Expense Ratio Comparison
DVMHX has a 0.88% expense ratio, which is higher than MINN's 0.25% expense ratio.
Return for Risk
DVMHX vs. MINN — Risk / Return Rank
DVMHX
MINN
DVMHX vs. MINN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Minnesota High-Yield Municipal Bond Fund (DVMHX) and Mairs & Power Minnesota Municipal Bond ETF (MINN). 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 | MINN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.67 | -0.04 |
Sortino ratioReturn per unit of downside risk | 0.88 | 1.00 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.14 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.22 | -0.62 |
Martin ratioReturn relative to average drawdown | 1.59 | 3.94 | -2.35 |
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 | MINN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.67 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | -0.09 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | -0.08 | +1.18 |
Correlation
The correlation between DVMHX and MINN is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DVMHX vs. MINN - Dividend Comparison
DVMHX's dividend yield for the trailing twelve months is around 3.83%, more than MINN's 3.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVMHX Delaware Minnesota High-Yield Municipal Bond Fund | 3.83% | 4.95% | 4.17% | 3.12% | 2.98% | 2.40% | 2.99% | 3.70% | 3.21% | 3.34% | 3.29% | 3.47% |
MINN Mairs & Power Minnesota Municipal Bond ETF | 3.05% | 2.94% | 2.65% | 1.80% | 1.34% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DVMHX vs. MINN - Drawdown Comparison
The maximum DVMHX drawdown since its inception was -15.73%, smaller than the maximum MINN drawdown of -18.37%. Use the drawdown chart below to compare losses from any high point for DVMHX and MINN.
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Drawdown Indicators
| DVMHX | MINN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.73% | -18.37% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -3.60% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -18.37% | +2.81% |
Max Drawdown (10Y)Largest decline over 10 years | -15.56% | — | — |
Current DrawdownCurrent decline from peak | -3.26% | -4.11% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -7.95% | +5.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 1.12% | +1.36% |
Volatility
DVMHX vs. MINN - Volatility Comparison
Delaware Minnesota High-Yield Municipal Bond Fund (DVMHX) has a higher volatility of 1.45% compared to Mairs & Power Minnesota Municipal Bond ETF (MINN) at 1.14%. This indicates that DVMHX's price experiences larger fluctuations and is considered to be riskier than MINN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVMHX | MINN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.14% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.19% | 3.19% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 6.00% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.95% | 5.06% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 5.04% | -0.39% |