KTXIX vs. DNYMX
KTXIX (Commerce Kansas Tax-Free Intermediate Bond Fund) and DNYMX (DFA NY Municipal Bond Portfolio) are both Municipal Bonds funds. Over the past 10 years, KTXIX returned 1.24%/yr vs 1.29%/yr for DNYMX. Their 0.46 correlation means their historical movements had little consistent relationship. KTXIX charges 0.70%/yr vs 0.25%/yr for DNYMX.
Performance
KTXIX vs. DNYMX - Performance Comparison
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Returns By Period
In the year-to-date period, KTXIX achieves a -0.97% return, which is significantly lower than DNYMX's 1.21% return. Both investments have delivered pretty close results over the past 10 years, with KTXIX having a 1.24% annualized return and DNYMX not far ahead at 1.29%.
KTXIX
- 1D
- -0.11%
- 1M
- -2.00%
- 6M
- -1.62%
- YTD
- -0.97%
- 1Y
- 2.67%
- 3Y*
- 2.54%
- 5Y*
- 0.06%
- 10Y*
- 1.24%
- ALL TIME*
- 3.01%
DNYMX
- 1D
- 0.00%
- 1M
- -0.08%
- 6M
- 0.78%
- YTD
- 1.21%
- 1Y
- 2.35%
- 3Y*
- 2.77%
- 5Y*
- 1.61%
- 10Y*
- 1.29%
- ALL TIME*
- 1.43%
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 |
KTXIX vs. DNYMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KTXIX Commerce Kansas Tax-Free Intermediate Bond Fund | -0.97% | 5.32% | 0.39% | 4.05% | -7.55% | 0.23% | 4.32% | 5.79% | 0.95% | 3.95% |
DNYMX DFA NY Municipal Bond Portfolio | 1.21% | 2.69% | 2.87% | 2.76% | -1.17% | -0.10% | 1.26% | 2.42% | 1.02% | 1.74% |
Correlation
The correlation between KTXIX and DNYMX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.46 |
Over the past year, the correlation between KTXIX and DNYMX has dropped to 0.22 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
KTXIX vs. DNYMX — Risk / Return Rank
KTXIX
DNYMX
KTXIX vs. DNYMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commerce Kansas Tax-Free Intermediate Bond Fund (KTXIX) and DFA NY Municipal Bond Portfolio (DNYMX). 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.
| KTXIX | DNYMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -5.87 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 3.15 | -1.86 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 10.27 | -9.24 |
| Martin ratioReturn relative to average drawdown | 2.84 | 43.24 | -40.40 |
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Drawdowns
KTXIX vs. DNYMX - Drawdown Comparison
The maximum KTXIX drawdown since its inception was -12.47%, which is greater than DNYMX's maximum drawdown of -3.19%. Use the drawdown chart below to compare losses from any high point for KTXIX and DNYMX.
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Drawdown Indicators
| KTXIX | DNYMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.47% | -3.19% | -9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -0.24% | -2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -0.98% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -12.43% | -2.53% | -9.90% |
Max Drawdown (10Y)Largest decline over 10 years | -12.47% | -3.19% | -9.28% |
Current DrawdownCurrent decline from peak | -2.62% | -0.08% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -0.41% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.06% | +0.98% |
Volatility
KTXIX vs. DNYMX - Volatility Comparison
Commerce Kansas Tax-Free Intermediate Bond Fund (KTXIX) has a higher volatility of 0.86% compared to DFA NY Municipal Bond Portfolio (DNYMX) at 0.20%. This indicates that KTXIX's price experiences larger fluctuations and is considered to be riskier than DNYMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KTXIX | DNYMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.20% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 0.48% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 0.65% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.21% | 0.88% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.26% | 1.04% | +2.22% |
KTXIX vs. DNYMX - Expense Ratio Comparison
KTXIX has a 0.70% expense ratio, which is higher than DNYMX's 0.25% expense ratio.
Dividends
KTXIX vs. DNYMX - Dividend Comparison
KTXIX's dividend yield for the trailing twelve months is around 2.52%, less than DNYMX's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNYMX DFA NY Municipal Bond Portfolio | 2.62% | 2.36% | 2.73% | 1.92% | 0.70% | 0.59% | 1.06% | 1.31% | 1.21% | 1.04% | 1.08% | 0.00% |
KTXIX Commerce Kansas Tax-Free Intermediate Bond Fund | 2.52% | 3.38% | 2.19% | 2.02% | 1.49% | 1.53% | 1.67% | 2.31% | 2.23% | 2.19% | 2.19% | 2.18% |
Frequently Asked Questions
KTXIX and DNYMX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTXIX has higher volatility (0.86%) compared to DNYMX (0.20%). In terms of maximum drawdown, KTXIX dropped -12.47% vs DNYMX's -3.19%.
DNYMX currently has the higher Sharpe Ratio (3.80 vs 1.31), 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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