FTNYX vs. DDFLX
FTNYX (Delaware Tax-Free New York Fund) and DDFLX (Delaware Floating Rate Fund) are both mutual funds - FTNYX is a Municipal Bonds fund managed by Delaware Funds, while DDFLX is a Bank Loan fund managed by Delaware Funds. Over the past 10 years, FTNYX returned 2.08%/yr vs 5.35%/yr for DDFLX. Their 0.16 correlation means their historical movements had little consistent relationship. FTNYX charges 0.80%/yr vs 0.67%/yr for DDFLX.
Performance
FTNYX vs. DDFLX - Performance Comparison
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Returns By Period
In the year-to-date period, FTNYX achieves a 1.15% return, which is significantly lower than DDFLX's 2.18% return. Over the past 10 years, FTNYX has underperformed DDFLX with an annualized return of 2.08%, while DDFLX has yielded a comparatively higher 5.35% annualized return.
FTNYX
- 1D
- -0.29%
- 1M
- -2.48%
- 6M
- 0.60%
- YTD
- 1.15%
- 1Y
- 6.36%
- 3Y*
- 3.47%
- 5Y*
- 0.30%
- 10Y*
- 2.08%
- ALL TIME*
- 4.20%
DDFLX
- 1D
- 0.00%
- 1M
- 0.13%
- 6M
- 2.26%
- YTD
- 2.18%
- 1Y
- 4.76%
- 3Y*
- 7.29%
- 5Y*
- 5.77%
- 10Y*
- 5.35%
- ALL TIME*
- 3.89%
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 |
FTNYX vs. DDFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTNYX Delaware Tax-Free New York Fund | 1.15% | 2.46% | 3.13% | 8.24% | -12.26% | 3.91% | 5.15% | 8.18% | 0.70% | 6.11% |
DDFLX Delaware Floating Rate Fund | 2.18% | 6.01% | 8.92% | 10.75% | -0.62% | 5.46% | 3.17% | 10.69% | 1.26% | 4.55% |
Correlation
The correlation between FTNYX and DDFLX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2010 | 0.16 |
The correlation between FTNYX and DDFLX shifts across timeframes, from 0.16 (all time) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FTNYX vs. DDFLX — Risk / Return Rank
FTNYX
DDFLX
FTNYX vs. DDFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Tax-Free New York Fund (FTNYX) and Delaware Floating Rate Fund (DDFLX). 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.
| FTNYX | DDFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.92 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 4.78 | -2.42 |
| Martin ratioReturn relative to average drawdown | 8.11 | 17.07 | -8.96 |
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Drawdowns
FTNYX vs. DDFLX - Drawdown Comparison
The maximum FTNYX drawdown since its inception was -17.11%, smaller than the maximum DDFLX drawdown of -18.09%. Use the drawdown chart below to compare losses from any high point for FTNYX and DDFLX.
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Drawdown Indicators
| FTNYX | DDFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.11% | -18.09% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -1.11% | -2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -7.33% | -2.05% | -5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -17.11% | -5.18% | -11.93% |
Max Drawdown (10Y)Largest decline over 10 years | -17.11% | -18.09% | +0.98% |
Current DrawdownCurrent decline from peak | -2.48% | -0.13% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -0.67% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.31% | +0.63% |
Volatility
FTNYX vs. DDFLX - Volatility Comparison
Delaware Tax-Free New York Fund (FTNYX) has a higher volatility of 1.21% compared to Delaware Floating Rate Fund (DDFLX) at 0.32%. This indicates that FTNYX's price experiences larger fluctuations and is considered to be riskier than DDFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTNYX | DDFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.32% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 1.63% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 2.25% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 2.71% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 3.51% | +1.41% |
FTNYX vs. DDFLX - Expense Ratio Comparison
FTNYX has a 0.80% expense ratio, which is higher than DDFLX's 0.67% expense ratio.
Dividends
FTNYX vs. DDFLX - Dividend Comparison
FTNYX's dividend yield for the trailing twelve months is around 3.72%, less than DDFLX's 6.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDFLX Delaware Floating Rate Fund | 6.06% | 7.21% | 8.62% | 7.17% | 5.04% | 3.96% | 4.89% | 6.54% | 5.73% | 4.33% | 2.09% | 2.34% |
FTNYX Delaware Tax-Free New York Fund | 3.72% | 5.09% | 4.14% | 3.13% | 3.27% | 2.39% | 3.50% | 3.97% | 3.70% | 3.81% | 3.12% | 3.14% |
Frequently Asked Questions
FTNYX and DDFLX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTNYX has higher volatility (1.21%) compared to DDFLX (0.32%). In terms of maximum drawdown, FTNYX dropped -17.11% vs DDFLX's -18.09%.
DDFLX currently has the higher Sharpe Ratio (2.36 vs 1.99), 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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