NTFIX vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Dupree North Carolina Tax-Free Income Series (NTFIX) and Bitcoin (BTC-USD).

NTFIX is managed by Dupree. It was launched on Nov 14, 1995.

Performance

NTFIX vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dupree North Carolina Tax-Free Income Series (NTFIX) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

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	-0.56%	4.53%	2.25%	5.48%	-8.44%	2.06%	5.81%	7.38%	2.05%	6.09%
BTC-USD Bitcoin	-23.70%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, NTFIX achieves a -0.56% return, which is significantly higher than BTC-USD's -23.70% return. Over the past 10 years, NTFIX has underperformed BTC-USD with an annualized return of 2.42%, while BTC-USD has yielded a comparatively higher 66.03% annualized return.

NTFIX

• 1D: 0.19%
• 1M: -1.75%
• YTD: -0.56%
• 6M: 0.85%
• 1Y: 3.45%
• 3Y*: 2.98%
• 5Y*: 1.05%
• 10Y*: 2.42%

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NTFIX vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NTFIX

NTFIX Risk / Return Rank: 28
NTFIX Sharpe Ratio Rank: 19
NTFIX Sortino Ratio Rank: 17
NTFIX Omega Ratio Rank: 54
NTFIX Calmar Ratio Rank: 26
NTFIX Martin Ratio Rank: 26

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	NTFIX	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.61	-0.43	+1.04
Sortino ratio Return per unit of downside risk	0.91	-0.36	+1.28
Omega ratio Gain probability vs. loss probability	1.24	0.96	+0.28
Calmar ratio Return relative to maximum drawdown	0.96	-1.14	+2.09
Martin ratio Return relative to average drawdown	3.51	-2.03	+5.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTFIX vs. BTC-USD - Sharpe Ratio Comparison

The current NTFIX Sharpe Ratio is 0.61, which is higher than the BTC-USD Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of NTFIX and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NTFIX	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	-0.43	+1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.06	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.97	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	1.18	-0.16

Correlation

The correlation between NTFIX and BTC-USD is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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.

Drawdown Indicators

	NTFIX	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-13.11%	-85.30%	+72.19%
Max Drawdown (1Y) Largest decline over 1 year	-5.79%	-49.65%	+43.86%
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 Drawdown Current decline from peak	-1.93%	-46.47%	+44.54%
Average Drawdown Average peak-to-trough decline	-1.74%	-42.00%	+40.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	27.75%	-26.18%

Volatility

NTFIX vs. BTC-USD - Volatility Comparison

The current volatility for Dupree North Carolina Tax-Free Income Series (NTFIX) is 0.87%, while Bitcoin (BTC-USD) has a volatility of 13.70%. 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.

Volatility by Period

	NTFIX	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	13.70%	-12.83%
Volatility (6M) Calculated over the trailing 6-month period	1.69%	35.96%	-34.27%
Volatility (1Y) Calculated over the trailing 1-year period	6.39%	36.69%	-30.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.24%	46.91%	-42.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.09%	56.71%	-52.62%