FTNYX vs. DDVIX
FTNYX (Delaware Tax-Free New York Fund) and DDVIX (Delaware Value Fund) are both mutual funds - FTNYX is a Municipal Bonds fund managed by Delaware Funds, while DDVIX is a Large Cap Value Equities fund managed by Delaware Funds. Over the past 10 years, FTNYX returned 2.08%/yr vs 7.85%/yr for DDVIX. Their -0.09 correlation means they have often moved in opposite directions in the past. FTNYX charges 0.80%/yr vs 0.68%/yr for DDVIX.
Performance
FTNYX vs. DDVIX - 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 DDVIX's 8.81% return. Over the past 10 years, FTNYX has underperformed DDVIX with an annualized return of 2.08%, while DDVIX has yielded a comparatively higher 7.85% 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%
DDVIX
- 1D
- 0.39%
- 1M
- 0.87%
- 6M
- 3.31%
- YTD
- 8.81%
- 1Y
- 17.55%
- 3Y*
- 9.17%
- 5Y*
- 6.48%
- 10Y*
- 7.85%
- ALL TIME*
- 7.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DDVIX Delaware Value Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FTNYX vs. DDVIX - 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% |
DDVIX Delaware Value Fund | 8.81% | 11.38% | 6.76% | 2.09% | -3.60% | 22.05% | 0.65% | 20.26% | -2.99% | 13.64% |
Correlation
The correlation between FTNYX and DDVIX 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. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 1998 | -0.09 |
The correlation between FTNYX and DDVIX shifts across timeframes, from -0.09 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FTNYX vs. DDVIX — Risk / Return Rank
FTNYX
DDVIX
FTNYX vs. DDVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Tax-Free New York Fund (FTNYX) and Delaware Value Fund (DDVIX). 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 | DDVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.22 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.73 | +0.63 |
| Martin ratioReturn relative to average drawdown | 8.11 | 4.83 | +3.28 |
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Drawdowns
FTNYX vs. DDVIX - Drawdown Comparison
The maximum FTNYX drawdown since its inception was -17.11%, smaller than the maximum DDVIX drawdown of -53.49%. Use the drawdown chart below to compare losses from any high point for FTNYX and DDVIX.
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Drawdown Indicators
| FTNYX | DDVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.11% | -53.49% | +36.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -8.45% | +5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -7.33% | -18.35% | +11.02% |
Max Drawdown (5Y)Largest decline over 5 years | -17.11% | -18.35% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -17.11% | -37.52% | +20.41% |
Current DrawdownCurrent decline from peak | -2.48% | -1.36% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -8.14% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 3.04% | -2.10% |
Volatility
FTNYX vs. DDVIX - Volatility Comparison
The current volatility for Delaware Tax-Free New York Fund (FTNYX) is 1.21%, while Delaware Value Fund (DDVIX) has a volatility of 2.93%. This indicates that FTNYX experiences smaller price fluctuations and is considered to be less risky than DDVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTNYX | DDVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 2.93% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 8.97% | -5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 12.01% | -8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 14.51% | -9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 17.09% | -12.17% |
FTNYX vs. DDVIX - Expense Ratio Comparison
FTNYX has a 0.80% expense ratio, which is higher than DDVIX's 0.68% expense ratio.
Dividends
FTNYX vs. DDVIX - Dividend Comparison
FTNYX's dividend yield for the trailing twelve months is around 3.72%, less than DDVIX's 25.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDVIX Delaware Value Fund | 25.28% | 28.24% | 32.45% | 11.92% | 10.60% | 25.18% | 3.11% | 4.87% | 6.45% | 4.02% | 2.51% | 2.75% |
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 DDVIX 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.
DDVIX has higher volatility (2.93%) compared to FTNYX (1.21%). In terms of maximum drawdown, FTNYX dropped -17.11% vs DDVIX's -53.49%.
FTNYX currently has the higher Sharpe Ratio (1.99 vs 1.22), 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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