NTFIX vs. DPIGX
NTFIX (Dupree North Carolina Tax-Free Income Series) and DPIGX (Dupree Intermediate Government Bond Series) are both mutual funds - NTFIX is a Municipal Bonds fund managed by Dupree, while DPIGX is a Government Bonds fund managed by Dupree. Over the past 10 years, NTFIX returned 2.45%/yr vs 1.52%/yr for DPIGX. A 0.55 correlation means they provide meaningful diversification when combined. NTFIX charges 0.68%/yr vs 0.70%/yr for DPIGX.
Performance
NTFIX vs. DPIGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NTFIX achieves a 1.61% return, which is significantly higher than DPIGX's -0.39% return. Over the past 10 years, NTFIX has outperformed DPIGX with an annualized return of 2.45%, while DPIGX has yielded a comparatively lower 1.52% annualized return.
NTFIX
- 1D
- 0.00%
- 1M
- 1.21%
- YTD
- 1.61%
- 6M
- 2.38%
- 1Y
- 6.92%
- 3Y*
- 3.84%
- 5Y*
- 1.26%
- 10Y*
- 2.45%
DPIGX
- 1D
- -0.21%
- 1M
- 0.18%
- YTD
- -0.39%
- 6M
- -0.00%
- 1Y
- 2.26%
- 3Y*
- 3.98%
- 5Y*
- 1.74%
- 10Y*
- 1.52%
NTFIX vs. DPIGX - 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% |
DPIGX Dupree Intermediate Government Bond Series | -0.39% | 5.66% | 3.67% | 3.90% | -3.50% | -1.47% | 3.92% | 4.50% | 0.68% | 1.35% |
Correlation
The correlation between NTFIX and DPIGX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 1995 | 0.55 |
Over the past year, the correlation between NTFIX and DPIGX has dropped to 0.34 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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. DPIGX — Risk / Return Rank
NTFIX
DPIGX
NTFIX vs. DPIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dupree North Carolina Tax-Free Income Series (NTFIX) and Dupree Intermediate Government Bond Series (DPIGX). 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 | DPIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.21 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 1.63 | +1.39 |
| Martin ratioReturn relative to average drawdown | 12.50 | 4.68 | +7.82 |
Loading charts...
Drawdowns
NTFIX vs. DPIGX - Drawdown Comparison
The maximum NTFIX drawdown since its inception was -13.11%, which is greater than DPIGX's maximum drawdown of -10.25%. Use the drawdown chart below to compare losses from any high point for NTFIX and DPIGX.
Loading charts...
Drawdown Indicators
| NTFIX | DPIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.11% | -10.25% | -2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -1.46% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -5.79% | -1.46% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -13.11% | -5.89% | -7.22% |
Max Drawdown (10Y)Largest decline over 10 years | -13.11% | -6.59% | -6.52% |
Current DrawdownCurrent decline from peak | -0.00% | -1.14% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -1.57% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.51% | +0.04% |
Volatility
NTFIX vs. DPIGX - Volatility Comparison
The current volatility for Dupree North Carolina Tax-Free Income Series (NTFIX) is 0.60%, while Dupree Intermediate Government Bond Series (DPIGX) has a volatility of 0.70%. This indicates that NTFIX experiences smaller price fluctuations and is considered to be less risky than DPIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NTFIX | DPIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.70% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 1.67% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 2.18% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.28% | 2.14% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 2.32% | +1.78% |
NTFIX vs. DPIGX - Expense Ratio Comparison
NTFIX has a 0.68% expense ratio, which is lower than DPIGX's 0.70% expense ratio.
Dividends
NTFIX vs. DPIGX - Dividend Comparison
NTFIX's dividend yield for the trailing twelve months is around 2.95%, less than DPIGX's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DPIGX Dupree Intermediate Government Bond Series | 3.44% | 4.00% | 3.39% | 2.84% | 2.51% | 1.91% | 2.29% | 2.39% | 2.76% | 2.55% | 2.51% | 2.51% |
NTFIX Dupree North Carolina Tax-Free Income Series | 2.95% | 3.61% | 4.11% | 2.93% | 3.27% | 2.87% | 2.84% | 3.36% | 4.45% | 4.04% | 2.82% | 2.95% |
Frequently Asked Questions
NTFIX and DPIGX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DPIGX has higher volatility (0.70%) compared to NTFIX (0.60%). In terms of maximum drawdown, NTFIX dropped -13.11% vs DPIGX's -10.25%.
NTFIX currently has the higher Sharpe Ratio (2.60 vs 1.09), 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 DPIGX
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