OKMUX vs. IHFAX
OKMUX (Oklahoma Municipal Fund) and IHFAX (Integrity High Income Fund) are both mutual funds - OKMUX is a Municipal Bonds fund managed by IntegrityVikingFunds, while IHFAX is a High Yield Bonds fund managed by IntegrityVikingFunds. Over the past 10 years, OKMUX returned 0.87%/yr vs 5.08%/yr for IHFAX. Their 0.14 correlation means their historical movements had little consistent relationship. OKMUX charges 0.98%/yr vs 0.99%/yr for IHFAX.
Performance
OKMUX vs. IHFAX - Performance Comparison
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Returns By Period
In the year-to-date period, OKMUX achieves a 0.06% return, which is significantly lower than IHFAX's 0.88% return. Over the past 10 years, OKMUX has underperformed IHFAX with an annualized return of 0.87%, while IHFAX has yielded a comparatively higher 5.08% annualized return.
OKMUX
- 1D
- -0.38%
- 1M
- -1.88%
- 6M
- -0.87%
- YTD
- 0.06%
- 1Y
- 5.53%
- 3Y*
- 2.36%
- 5Y*
- -0.51%
- 10Y*
- 0.87%
- ALL TIME*
- 2.26%
IHFAX
- 1D
- 0.13%
- 1M
- -0.79%
- 6M
- 0.49%
- YTD
- 0.88%
- 1Y
- 4.51%
- 3Y*
- 7.47%
- 5Y*
- 3.60%
- 10Y*
- 5.08%
- ALL TIME*
- 4.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
OKMUX vs. IHFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OKMUX Oklahoma Municipal Fund | 0.06% | 4.78% | -0.51% | 4.94% | -10.69% | 0.90% | 3.74% | 6.00% | 0.53% | 3.93% |
IHFAX Integrity High Income Fund | 0.88% | 8.27% | 7.72% | 10.95% | -9.28% | 4.91% | 6.15% | 14.34% | -2.06% | 7.22% |
Correlation
The correlation between OKMUX and IHFAX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 4, 2004 | 0.14 |
Over the past year, OKMUX and IHFAX have become more correlated (0.46) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
OKMUX vs. IHFAX — Risk / Return Rank
OKMUX
IHFAX
OKMUX vs. IHFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oklahoma Municipal Fund (OKMUX) and Integrity High Income Fund (IHFAX). 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.
| OKMUX | IHFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.36 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.56 | -0.32 |
| Martin ratioReturn relative to average drawdown | 8.01 | 11.04 | -3.03 |
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Drawdowns
OKMUX vs. IHFAX - Drawdown Comparison
The maximum OKMUX drawdown since its inception was -16.68%, smaller than the maximum IHFAX drawdown of -49.81%. Use the drawdown chart below to compare losses from any high point for OKMUX and IHFAX.
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Drawdown Indicators
| OKMUX | IHFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.68% | -49.81% | +33.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -1.95% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -6.81% | -3.39% | -3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -15.35% | -13.49% | -1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -15.39% | -21.32% | +5.93% |
Current DrawdownCurrent decline from peak | -2.64% | -0.79% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -4.44% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.45% | +0.36% |
Volatility
OKMUX vs. IHFAX - Volatility Comparison
Oklahoma Municipal Fund (OKMUX) has a higher volatility of 0.91% compared to Integrity High Income Fund (IHFAX) at 0.60%. This indicates that OKMUX's price experiences larger fluctuations and is considered to be riskier than IHFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OKMUX | IHFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.60% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 2.33% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.69% | 3.04% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 5.08% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 5.69% | -1.55% |
OKMUX vs. IHFAX - Expense Ratio Comparison
OKMUX has a 0.98% expense ratio, which is lower than IHFAX's 0.99% expense ratio.
Dividends
OKMUX vs. IHFAX - Dividend Comparison
OKMUX's dividend yield for the trailing twelve months is around 2.99%, less than IHFAX's 4.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHFAX Integrity High Income Fund | 4.85% | 4.99% | 5.34% | 5.16% | 4.79% | 3.41% | 4.43% | 5.21% | 5.48% | 5.14% | 5.16% | 5.17% |
OKMUX Oklahoma Municipal Fund | 2.99% | 3.18% | 3.01% | 2.32% | 1.85% | 1.39% | 1.73% | 2.55% | 2.41% | 2.47% | 2.43% | 2.22% |
Frequently Asked Questions
OKMUX and IHFAX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKMUX has higher volatility (0.91%) compared to IHFAX (0.60%). In terms of maximum drawdown, OKMUX dropped -16.68% vs IHFAX's -49.81%.
OKMUX currently has the higher Sharpe Ratio (2.40 vs 1.65), 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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