VMTTX vs. IDIVX

Last updated Jun 4, 2026

VMTTX (Viking Tax-Free Fund For Montana) and IDIVX (Integrity Dividend Harvest Fund) are both mutual funds - VMTTX is a Municipal Bonds fund managed by IntegrityVikingFunds, while IDIVX is a Large Cap Value Equities fund managed by IntegrityVikingFunds. Over the past 10 years, VMTTX returned 1.19%/yr vs 11.70%/yr for IDIVX. At a correlation of -0.06, they often move in opposite directions. VMTTX charges 0.98%/yr vs 0.95%/yr for IDIVX.

Performance

VMTTX vs. IDIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Viking Tax-Free Fund For Montana (VMTTX) and Integrity Dividend Harvest Fund (IDIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VMTTX achieves a 1.64% return, which is significantly lower than IDIVX's 16.77% return. Over the past 10 years, VMTTX has underperformed IDIVX with an annualized return of 1.19%, while IDIVX has yielded a comparatively higher 11.70% annualized return.

VMTTX

• 1D: 0.11%
• 1M: 0.38%
• YTD: 1.64%
• 6M: 1.91%
• 1Y: 7.05%
• 3Y*: 2.73%
• 5Y*: 0.13%
• 10Y*: 1.19%

IDIVX

• 1D: 1.93%
• 1M: 5.72%
• YTD: 16.77%
• 6M: 16.79%
• 1Y: 32.56%
• 3Y*: 21.60%
• 5Y*: 14.55%
• 10Y*: 11.70%

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

VMTTX vs. IDIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VMTTX Viking Tax-Free Fund For Montana	1.64%	3.71%	-0.16%	4.24%	-8.52%	0.28%	4.04%	5.59%	0.53%	4.00%
IDIVX Integrity Dividend Harvest Fund	16.77%	17.39%	21.13%	5.06%	2.13%	24.10%	-1.04%	22.97%	-5.19%	11.10%

Correlation

The correlation between VMTTX and IDIVX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.00
Correlation (All Time) Calculated using the full available price history since May 2, 2012	-0.06

The correlation between VMTTX and IDIVX shifts across timeframes, from -0.06 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VMTTX vs. IDIVX — Risk / Return Rank

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

VMTTX

VMTTX Risk / Return Rank: 84
VMTTX Sharpe Ratio Rank: 94
VMTTX Sortino Ratio Rank: 97
VMTTX Omega Ratio Rank: 98
VMTTX Calmar Ratio Rank: 65
VMTTX Martin Ratio Rank: 65

IDIVX

IDIVX Risk / Return Rank: 94
IDIVX Sharpe Ratio Rank: 95
IDIVX Sortino Ratio Rank: 94
IDIVX Omega Ratio Rank: 89
IDIVX Calmar Ratio Rank: 95
IDIVX Martin Ratio Rank: 97

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.

VMTTX vs. IDIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Viking Tax-Free Fund For Montana (VMTTX) and Integrity Dividend Harvest Fund (IDIVX). 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.

	VMTTX	IDIVX	Difference
Sharpe ratio: Return per unit of total volatility	3.26	3.39	-0.14
Sortino ratio: Return per unit of downside risk	5.70	4.95	+0.75
Omega ratio: Gain probability vs. loss probability	2.17	1.62	+0.55
Calmar ratio: Return relative to maximum drawdown	3.11	5.85	-2.73
Martin ratio: Return relative to average drawdown	12.77	25.54	-12.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VMTTX vs. IDIVX - Sharpe Ratio Comparison

The current VMTTX Sharpe Ratio is 3.26, which is comparable to the IDIVX Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of VMTTX and IDIVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VMTTX	IDIVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.26	3.39	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	1.05	-1.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.79	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.76	-0.27

Drawdowns

VMTTX vs. IDIVX - Drawdown Comparison

The maximum VMTTX drawdown since its inception was -13.11%, smaller than the maximum IDIVX drawdown of -31.64%. Use the drawdown chart below to compare losses from any high point for VMTTX and IDIVX.

Drawdown Indicators

	VMTTX	IDIVX	Difference
Max Drawdown Largest peak-to-trough decline	-13.11%	-31.64%	+18.53%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	-5.72%	+3.45%
Max Drawdown (3Y) Largest decline over 3 years	-5.55%	-15.37%	+9.82%
Max Drawdown (5Y) Largest decline over 5 years	-13.11%	-16.34%	+3.23%
Max Drawdown (10Y) Largest decline over 10 years	-13.11%	-31.64%	+18.53%
Current Drawdown Current decline from peak	-0.18%	0.00%	-0.18%
Average Drawdown Average peak-to-trough decline	-2.49%	-3.36%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	1.31%	-0.76%

Volatility

VMTTX vs. IDIVX - Volatility Comparison

The current volatility for Viking Tax-Free Fund For Montana (VMTTX) is 0.80%, while Integrity Dividend Harvest Fund (IDIVX) has a volatility of 3.40%. This indicates that VMTTX experiences smaller price fluctuations and is considered to be less risky than IDIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VMTTX	IDIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	3.40%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	1.62%	7.69%	-6.07%
Volatility (1Y) Calculated over the trailing 1-year period	2.23%	9.85%	-7.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.84%	13.97%	-10.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.66%	14.95%	-11.29%

VMTTX vs. IDIVX - Expense Ratio Comparison

VMTTX has a 0.98% expense ratio, which is higher than IDIVX's 0.95% expense ratio.

Dividends

VMTTX vs. IDIVX - Dividend Comparison

VMTTX's dividend yield for the trailing twelve months is around 2.98%, less than IDIVX's 6.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDIVX Integrity Dividend Harvest Fund	6.30%	7.19%	8.89%	3.13%	3.59%	2.83%	3.67%	7.27%	10.21%	8.31%	1.11%	0.00%
VMTTX Viking Tax-Free Fund For Montana	2.98%	2.93%	2.81%	2.47%	2.06%	1.55%	1.89%	2.63%	2.52%	2.61%	2.77%	2.62%

Frequently Asked Questions

Can I hold both VMTTX and IDIVX in my portfolio?

VMTTX and IDIVX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VMTTX or IDIVX?

IDIVX has higher volatility (3.40%) compared to VMTTX (0.80%). In terms of maximum drawdown, VMTTX dropped -13.11% vs IDIVX's -31.64%.

Which has better risk-adjusted returns?

IDIVX currently has the higher Sharpe Ratio (3.39 vs 3.26), 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.