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 2.45%/yr vs 57.45%/yr for BTC-USD. At a 0.00 correlation, their price movements are largely independent.
Performance
NTFIX vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NTFIX achieves a 2.21% return, which is significantly higher than BTC-USD's -28.58% return. Over the past 10 years, NTFIX has underperformed BTC-USD with an annualized return of 2.45%, while BTC-USD has yielded a comparatively higher 57.45% annualized return.
NTFIX
- 1D
- 0.00%
- 1M
- 0.77%
- 6M
- 1.45%
- YTD
- 2.21%
- 1Y
- 6.54%
- 3Y*
- 4.13%
- 5Y*
- 1.11%
- 10Y*
- 2.45%
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
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 | 2.21% | 4.53% | 2.25% | 5.48% | -8.44% | 2.06% | 5.81% | 7.38% | 2.05% | 6.09% |
BTC-USD Bitcoin | -28.58% | -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 | -0.06 |
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 28, 2012 | 0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +3.55 | ||
| Sortino ratioReturn per unit of downside risk | +6.14 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 0.83 | +0.99 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | -0.90 | +3.76 |
| Martin ratioReturn relative to average drawdown | 12.12 | -1.46 | +13.57 |
Loading charts...
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.
Loading charts...
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% | -53.08% | +50.79% |
Max Drawdown (3Y)Largest decline over 3 years | -5.79% | -53.08% | +47.29% |
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 | -0.37% | -49.89% | +49.52% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -42.55% | +40.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 28.99% | -28.45% |
Volatility
NTFIX vs. BTC-USD - Volatility Comparison
The current volatility for Dupree North Carolina Tax-Free Income Series (NTFIX) is 0.89%, while Bitcoin (BTC-USD) has a volatility of 8.86%. 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.
Loading charts...
Volatility by Period
| NTFIX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 8.86% | -7.97% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 34.96% | -32.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.69% | 35.56% | -32.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.28% | 43.94% | -39.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 56.32% | -52.22% |
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 (8.86%) compared to NTFIX (0.89%). In terms of maximum drawdown, NTFIX dropped -13.11% vs BTC-USD's -85.30%.
NTFIX currently has the higher Sharpe Ratio (2.44 vs -1.11), 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.
Find the right allocation for NTFIX and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer