IHFAX vs. VNDFX
IHFAX (Integrity High Income Fund) and VNDFX (Viking Tax-Free Fund for North Dakota) are both mutual funds - IHFAX is a High Yield Bonds fund managed by IntegrityVikingFunds, while VNDFX is a Municipal Bonds fund managed by IntegrityVikingFunds. Over the past 10 years, IHFAX returned 5.08%/yr vs 0.45%/yr for VNDFX. Their 0.13 correlation means their historical movements had little consistent relationship. IHFAX charges 0.99%/yr vs 0.98%/yr for VNDFX.
Performance
IHFAX vs. VNDFX - Performance Comparison
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Returns By Period
In the year-to-date period, IHFAX achieves a 0.88% return, which is significantly higher than VNDFX's 0.49% return. Over the past 10 years, IHFAX has outperformed VNDFX with an annualized return of 5.08%, while VNDFX has yielded a comparatively lower 0.45% annualized return.
IHFAX
- 1D
- 0.13%
- 1M
- -0.79%
- 6M
- 0.49%
- YTD
- 0.88%
- 1Y
- 4.51%
- 3Y*
- 7.47%
- 5Y*
- 3.60%
- 10Y*
- 5.08%
- ALL TIME*
- 4.98%
VNDFX
- 1D
- -0.34%
- 1M
- -1.91%
- 6M
- -0.46%
- YTD
- 0.49%
- 1Y
- 5.46%
- 3Y*
- 1.45%
- 5Y*
- -0.95%
- 10Y*
- 0.45%
- ALL TIME*
- 1.79%
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 |
IHFAX vs. VNDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHFAX Integrity High Income Fund | 0.88% | 8.27% | 7.72% | 10.95% | -9.28% | 4.91% | 6.15% | 14.34% | -2.06% | 7.22% |
VNDFX Viking Tax-Free Fund for North Dakota | 0.49% | 3.02% | -1.96% | 4.65% | -9.89% | 0.42% | 2.90% | 5.12% | 0.72% | 3.35% |
Correlation
The correlation between IHFAX and VNDFX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 4, 2004 | 0.13 |
Over the past year, IHFAX and VNDFX have become more correlated (0.42) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
IHFAX vs. VNDFX — Risk / Return Rank
IHFAX
VNDFX
IHFAX vs. VNDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Integrity High Income Fund (IHFAX) and Viking Tax-Free Fund for North Dakota (VNDFX). 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.
| IHFAX | VNDFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.72 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.49 | +0.07 |
| Martin ratioReturn relative to average drawdown | 11.04 | 9.57 | +1.48 |
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Drawdowns
IHFAX vs. VNDFX - Drawdown Comparison
The maximum IHFAX drawdown since its inception was -49.81%, which is greater than VNDFX's maximum drawdown of -14.80%. Use the drawdown chart below to compare losses from any high point for IHFAX and VNDFX.
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Drawdown Indicators
| IHFAX | VNDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.81% | -14.80% | -35.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -2.57% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -8.01% | +4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -13.49% | -14.74% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -21.32% | -14.80% | -6.52% |
Current DrawdownCurrent decline from peak | -0.79% | -4.75% | +3.96% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -2.78% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.67% | -0.22% |
Volatility
IHFAX vs. VNDFX - Volatility Comparison
The current volatility for Integrity High Income Fund (IHFAX) is 0.60%, while Viking Tax-Free Fund for North Dakota (VNDFX) has a volatility of 0.85%. This indicates that IHFAX experiences smaller price fluctuations and is considered to be less risky than VNDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHFAX | VNDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.85% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 1.99% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 2.53% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 4.63% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.69% | 4.04% | +1.65% |
IHFAX vs. VNDFX - Expense Ratio Comparison
IHFAX has a 0.99% expense ratio, which is higher than VNDFX's 0.98% expense ratio.
Dividends
IHFAX vs. VNDFX - Dividend Comparison
IHFAX's dividend yield for the trailing twelve months is around 4.85%, more than VNDFX's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHFAX Integrity High Income Fund | 4.85% | 4.99% | 5.34% | 5.16% | 4.79% | 3.41% | 4.43% | 5.21% | 5.48% | 5.14% | 5.16% | 5.17% |
VNDFX Viking Tax-Free Fund for North Dakota | 2.79% | 3.03% | 2.93% | 2.30% | 1.86% | 1.69% | 2.07% | 2.72% | 2.58% | 2.71% | 2.62% | 2.38% |
Frequently Asked Questions
IHFAX and VNDFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNDFX has higher volatility (0.85%) compared to IHFAX (0.60%). In terms of maximum drawdown, IHFAX dropped -49.81% vs VNDFX's -14.80%.
VNDFX currently has the higher Sharpe Ratio (2.53 vs 1.65), 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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