NTFIX vs. TNTIX

Last updated Apr 1, 2026

Compare and contrast key facts about Dupree North Carolina Tax-Free Income Series (NTFIX) and Dupree Tennessee Tax Free Income Series Fund (TNTIX).

NTFIX is managed by Dupree. It was launched on Nov 14, 1995. TNTIX is managed by Dupree. It was launched on Dec 14, 1993.

Performance

NTFIX vs. TNTIX - Performance Comparison

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

NTFIX vs. TNTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NTFIX Dupree North Carolina Tax-Free Income Series	-0.74%	4.53%	2.25%	5.48%	-8.44%	2.06%	5.81%	7.38%	2.05%	6.09%
TNTIX Dupree Tennessee Tax Free Income Series Fund	-0.38%	6.43%	2.32%	5.44%	-6.10%	2.12%	4.83%	7.06%	2.11%	4.84%

Returns By Period

In the year-to-date period, NTFIX achieves a -0.74% return, which is significantly lower than TNTIX's -0.38% return. Over the past 10 years, NTFIX has underperformed TNTIX with an annualized return of 2.40%, while TNTIX has yielded a comparatively higher 2.68% annualized return.

NTFIX

• 1D: 0.19%
• 1M: -2.11%
• YTD: -0.74%
• 6M: 0.76%
• 1Y: 3.55%
• 3Y*: 2.91%
• 5Y*: 1.03%
• 10Y*: 2.40%

TNTIX

• 1D: 0.29%
• 1M: -2.51%
• YTD: -0.38%
• 6M: 1.79%
• 1Y: 6.07%
• 3Y*: 3.83%
• 5Y*: 1.94%
• 10Y*: 2.68%

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

NTFIX vs. TNTIX - Expense Ratio Comparison

NTFIX has a 0.68% expense ratio, which is lower than TNTIX's 0.70% expense ratio.

TNTIX

Dupree Tennessee Tax Free Income Series Fund

NTFIX

Dupree North Carolina Tax-Free Income Series

Return for Risk

NTFIX vs. TNTIX — Risk / Return Rank

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

NTFIX

NTFIX Risk / Return Rank: 46
NTFIX Sharpe Ratio Rank: 39
NTFIX Sortino Ratio Rank: 40
NTFIX Omega Ratio Rank: 83
NTFIX Calmar Ratio Rank: 35
NTFIX Martin Ratio Rank: 33

TNTIX

TNTIX Risk / Return Rank: 57
TNTIX Sharpe Ratio Rank: 53
TNTIX Sortino Ratio Rank: 55
TNTIX Omega Ratio Rank: 89
TNTIX Calmar Ratio Rank: 44
TNTIX Martin Ratio Rank: 43

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. TNTIX - 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 Tennessee Tax Free Income Series Fund (TNTIX). 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	TNTIX	Difference
Sharpe ratio Return per unit of total volatility	0.84	1.02	-0.18
Sortino ratio Return per unit of downside risk	1.28	1.51	-0.23
Omega ratio Gain probability vs. loss probability	1.33	1.40	-0.07
Calmar ratio Return relative to maximum drawdown	0.96	1.14	-0.18
Martin ratio Return relative to average drawdown	3.53	4.46	-0.93
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. TNTIX - Sharpe Ratio Comparison

The current NTFIX Sharpe Ratio is 0.84, which is comparable to the TNTIX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of NTFIX and TNTIX, 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	TNTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	1.02	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.41	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.65	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	1.05	-0.03

Correlation

The correlation between NTFIX and TNTIX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NTFIX vs. TNTIX - Dividend Comparison

NTFIX's dividend yield for the trailing twelve months is around 2.24%, less than TNTIX's 4.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NTFIX Dupree North Carolina Tax-Free Income Series	2.24%	3.61%	4.11%	2.93%	3.27%	2.87%	2.84%	3.36%	4.45%	4.04%	2.82%	2.95%
TNTIX Dupree Tennessee Tax Free Income Series Fund	4.02%	5.42%	4.49%	3.32%	3.51%	3.30%	3.15%	3.55%	4.46%	3.57%	2.95%	3.02%

Drawdowns

NTFIX vs. TNTIX - Drawdown Comparison

The maximum NTFIX drawdown since its inception was -13.11%, which is greater than TNTIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for NTFIX and TNTIX.

Drawdown Indicators

	NTFIX	TNTIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.11%	-11.89%	-1.22%
Max Drawdown (1Y) Largest decline over 1 year	-5.79%	-7.32%	+1.53%
Max Drawdown (5Y) Largest decline over 5 years	-13.11%	-10.24%	-2.87%
Max Drawdown (10Y) Largest decline over 10 years	-13.11%	-10.24%	-2.87%
Current Drawdown Current decline from peak	-2.11%	-2.51%	+0.40%
Average Drawdown Average peak-to-trough decline	-1.74%	-1.47%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.86%	-0.29%

Volatility

NTFIX vs. TNTIX - Volatility Comparison

The current volatility for Dupree North Carolina Tax-Free Income Series (NTFIX) is 0.83%, while Dupree Tennessee Tax Free Income Series Fund (TNTIX) has a volatility of 1.11%. This indicates that NTFIX experiences smaller price fluctuations and is considered to be less risky than TNTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTFIX	TNTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	1.11%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	1.68%	2.07%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	6.40%	7.99%	-1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.25%	4.72%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.09%	4.11%	-0.02%