Madison Small Cap Fund (BVAOX)
The fund invests primarily in a diversified mix of common stocks of small cap U.S. companies that are believed to be undervalued by various measures and offer sound prospects for capital appreciation. Under normal market conditions, it will maintain at least 80% of its net assets (including borrowings for investment purposes) in small cap securities.
Fund Info
US5574926839
557492683
Dec 16, 1996
$1,000
Small-Cap
Blend
Expense Ratio
BVAOX has a high expense ratio of 1.10%, indicating above-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
Madison Small Cap Fund (BVAOX) returned -8.40% year-to-date (YTD) and 0.34% over the past 12 months. Over the past 10 years, BVAOX delivered an annualized return of 19.52%, outperforming the S&P 500 benchmark at 10.85%.
BVAOX
-8.40%
3.50%
-13.38%
0.34%
5.39%
10.20%
19.52%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of BVAOX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.45% | -4.87% | -7.55% | -2.72% | 3.50% | -8.40% | |||||||
| 2024 | -0.79% | 8.43% | 3.57% | -4.51% | 5.00% | -1.32% | 5.18% | -0.93% | 2.06% | 0.67% | 9.17% | -5.44% | 21.83% |
| 2023 | 11.62% | -1.43% | -3.93% | -2.16% | -1.10% | 8.57% | 3.69% | -4.55% | -5.08% | -4.91% | 5.97% | 10.40% | 16.06% |
| 2022 | -6.69% | -1.14% | 0.35% | -8.55% | -1.16% | -9.85% | 6.60% | -4.26% | -7.00% | 6.61% | 4.06% | -4.80% | -24.39% |
| 2021 | 4.06% | 6.19% | 2.91% | 3.64% | 2.15% | 0.38% | -1.33% | 0.96% | -4.33% | 4.46% | -4.02% | 4.24% | 20.38% |
| 2020 | -2.83% | -6.84% | -21.53% | 14.96% | 9.33% | 0.99% | 6.38% | 3.97% | -3.29% | 2.02% | 15.39% | 8.37% | 23.06% |
| 2019 | 9.80% | 4.19% | -3.75% | 4.64% | -6.83% | 7.23% | 0.62% | 0.20% | 0.00% | 5.77% | 3.93% | 0.97% | 28.82% |
| 2018 | 0.87% | -5.25% | 0.00% | 2.09% | 5.50% | 0.24% | 2.66% | 3.00% | -2.06% | -10.79% | 72.47% | -9.87% | 48.19% |
| 2017 | -1.19% | 0.60% | -0.96% | 0.91% | -3.12% | 1.11% | -1.47% | -2.05% | 7.24% | 0.77% | 3.94% | 26.84% | 33.80% |
| 2016 | -4.93% | 0.67% | 8.11% | 1.63% | 1.21% | -2.18% | 4.34% | 0.97% | -1.09% | -4.87% | 12.58% | 16.32% | 35.11% |
| 2015 | -3.15% | 5.46% | 1.77% | -2.39% | 0.53% | 2.76% | -2.74% | -4.99% | -3.18% | 7.36% | 4.19% | 16.49% | 22.18% |
| 2014 | -3.64% | 3.70% | 1.35% | -4.06% | 0.55% | 3.52% | -4.99% | 4.55% | -4.89% | 7.54% | 0.46% | 39.03% | 43.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BVAOX is 12, meaning it’s performing worse than 88% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Madison Small Cap Fund (BVAOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
Madison Small Cap Fund provided a 10.51% dividend yield over the last twelve months, with an annual payout of $1.09 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.09 | $1.09 | $0.03 | $0.48 | $3.47 | $0.87 | $1.18 | $10.34 | $5.28 | $2.24 | $3.45 | $4.98 |
Dividend yield | 10.51% | 9.63% | 0.30% | 5.50% | 28.31% | 6.63% | 10.45% | 105.57% | 32.90% | 13.35% | 24.30% | 33.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Small Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.09 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.47 | $3.47 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 | $0.87 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $0.00 | $0.00 | $0.00 | $0.45 | $1.18 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.25 | $4.09 | $10.34 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.28 | $5.28 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.24 | $2.24 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.45 | $3.45 |
| 2014 | $4.98 | $4.98 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the Madison Small Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Madison Small Cap Fund was 40.00%, occurring on Mar 23, 2020. Recovery took 139 trading sessions.
The current Madison Small Cap Fund drawdown is 14.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40% | Jan 17, 2020 | 45 | Mar 23, 2020 | 139 | Oct 8, 2020 | 184 |
| -32.32% | Nov 17, 2021 | 215 | Sep 26, 2022 | 517 | Oct 16, 2024 | 732 |
| -25.1% | Nov 26, 2024 | 90 | Apr 8, 2025 | — | — | — |
| -15.82% | Dec 4, 2018 | 14 | Dec 24, 2018 | 32 | Feb 11, 2019 | 46 |
| -14.94% | Aug 22, 2018 | 45 | Oct 24, 2018 | 15 | Nov 14, 2018 | 60 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...