NTFIX vs. BTC-USD
NTFIX (Dupree North Carolina Tax-Free Income Series) is Municipal Bonds fund managed by Dupree, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, NTFIX returned 2.50%/yr vs 57.78%/yr for BTC-USD. At a 0.00 correlation, their price movements are largely independent.
Performance
NTFIX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, NTFIX achieves a 1.61% return, which is significantly higher than BTC-USD's -26.78% return. Over the past 10 years, NTFIX has underperformed BTC-USD with an annualized return of 2.50%, while BTC-USD has yielded a comparatively higher 57.78% annualized return.
NTFIX
- 1D
- 0.09%
- 1M
- 1.21%
- YTD
- 1.61%
- 6M
- 2.38%
- 1Y
- 6.92%
- 3Y*
- 3.93%
- 5Y*
- 1.20%
- 10Y*
- 2.50%
BTC-USD
- 1D
- 1.32%
- 1M
- -16.41%
- YTD
- -26.78%
- 6M
- -27.65%
- 1Y
- -36.56%
- 3Y*
- 27.78%
- 5Y*
- 13.72%
- 10Y*
- 57.78%
NTFIX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTFIX Dupree North Carolina Tax-Free Income Series | 1.61% | 4.53% | 2.25% | 5.48% | -8.44% | 2.06% | 5.81% | 7.38% | 2.05% | 6.09% |
BTC-USD Bitcoin | -26.78% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between NTFIX and BTC-USD is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2012 | 0.00 |
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Return for Risk
NTFIX vs. BTC-USD — Risk / Return Rank
NTFIX
BTC-USD
NTFIX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dupree North Carolina Tax-Free Income Series (NTFIX) and Bitcoin (BTC-USD). 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.
| NTFIX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.45 | ||
| Sortino ratioReturn per unit of downside risk | +5.90 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 0.88 | +1.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | -0.71 | +3.74 |
| Martin ratioReturn relative to average drawdown | 12.50 | -1.20 | +13.70 |
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Drawdowns
NTFIX vs. BTC-USD - Drawdown Comparison
The maximum NTFIX drawdown since its inception was -13.11%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for NTFIX and BTC-USD.
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Drawdown Indicators
| NTFIX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.11% | -85.30% | +72.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -51.21% | +48.92% |
Max Drawdown (3Y)Largest decline over 3 years | -5.79% | -51.21% | +45.42% |
Max Drawdown (5Y)Largest decline over 5 years | -13.11% | -76.67% | +63.56% |
Max Drawdown (10Y)Largest decline over 10 years | -13.11% | -83.80% | +70.69% |
Current DrawdownCurrent decline from peak | -0.00% | -48.63% | +48.63% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -42.41% | +40.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 31.17% | -30.62% |
Volatility
NTFIX vs. BTC-USD - Volatility Comparison
The current volatility for Dupree North Carolina Tax-Free Income Series (NTFIX) is 0.61%, while Bitcoin (BTC-USD) has a volatility of 12.27%. This indicates that NTFIX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTFIX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 12.27% | -11.66% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 34.57% | -32.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 35.70% | -33.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.28% | 44.28% | -40.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 56.43% | -52.33% |
Frequently Asked Questions
NTFIX and BTC-USD have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.27%) compared to NTFIX (0.61%). In terms of maximum drawdown, NTFIX dropped -13.11% vs BTC-USD's -85.30%.
NTFIX currently has the higher Sharpe Ratio (2.60 vs -0.85), 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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