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
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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
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Returns By Period
Madison Small Cap Fund (BVAOX) returned -9.81% year-to-date (YTD) and -10.95% over the past 12 months. Over the past 10 years, BVAOX returned 1.16% annually, underperforming the S&P 500 benchmark at 10.46%.
BVAOX
-9.81%
2.82%
-20.02%
-10.95%
1.62%
1.16%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
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% | 1.90% | -9.81% | |||||||
| 2024 | -0.79% | 8.43% | 3.57% | -4.51% | 5.00% | -1.32% | 5.18% | -0.93% | 2.06% | 0.67% | 9.17% | -13.55% | 11.38% |
| 2023 | 11.62% | -1.43% | -3.93% | -2.16% | -1.10% | 8.57% | 3.69% | -4.55% | -5.08% | -4.91% | 5.97% | 10.08% | 15.72% |
| 2022 | -6.69% | -1.14% | 0.35% | -8.55% | -1.16% | -9.85% | 6.60% | -4.26% | -7.00% | 6.61% | 4.06% | -9.76% | -28.33% |
| 2021 | 4.06% | 6.19% | 2.91% | 3.64% | 2.15% | 0.38% | -1.33% | 0.96% | -4.33% | 4.46% | -4.02% | -18.65% | -6.05% |
| 2020 | -2.83% | -6.84% | -21.53% | 14.96% | 9.33% | 0.99% | 6.39% | 3.97% | -3.29% | 2.02% | 15.39% | 1.72% | 15.50% |
| 2019 | 9.81% | 4.19% | -3.75% | 4.64% | -6.83% | 7.23% | 0.62% | -6.70% | 0.00% | 5.77% | 3.93% | -2.85% | 15.41% |
| 2018 | 0.87% | -5.25% | -0.00% | 2.09% | 5.50% | 0.24% | 2.66% | 3.00% | -2.06% | -10.79% | 2.75% | -9.86% | -11.72% |
| 2017 | -1.19% | 0.60% | -0.96% | 0.91% | -3.12% | 1.11% | -1.47% | -2.05% | 7.24% | 0.77% | 3.94% | -1.80% | 3.59% |
| 2016 | -4.94% | 0.67% | 8.11% | 1.64% | 1.21% | -2.19% | 4.34% | 0.97% | -1.09% | -4.88% | 12.58% | 5.21% | 22.20% |
| 2015 | -3.15% | 5.46% | 1.77% | -2.38% | 0.53% | 2.76% | -2.75% | -4.99% | -3.18% | 7.36% | 4.19% | -5.84% | -1.24% |
| 2014 | -3.64% | 3.70% | 1.35% | -4.06% | 0.55% | 3.52% | -4.99% | 4.55% | -4.89% | 7.54% | 0.46% | 2.98% | 6.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BVAOX is 5, meaning it’s performing worse than 95% 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.
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Dividends
Dividend History
Madison Small Cap Fund provided a 0.07% dividend yield over the last twelve months, with an annual payout of $0.01 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $4.09 | $1.34 | $0.57 | $0.57 | $0.87 |
Dividend yield | 0.07% | 0.06% | 0.00% | 0.00% | 0.01% | 0.00% | 0.08% | 41.77% | 8.34% | 3.38% | 4.03% | 5.81% |
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 | $0.01 | $0.01 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.09 | $4.09 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.34 | $1.34 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2014 | $0.87 | $0.87 |
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.
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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 48.21%, occurring on Oct 27, 2023. The portfolio has not yet recovered.
The current Madison Small Cap Fund drawdown is 38.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.21% | Nov 17, 2021 | 489 | Oct 27, 2023 | — | — | — |
| -42.81% | Aug 22, 2018 | 398 | Mar 23, 2020 | 161 | Nov 9, 2020 | 559 |
| -17.88% | Jun 24, 2015 | 148 | Jan 25, 2016 | 94 | Jun 8, 2016 | 242 |
| -11.11% | Mar 27, 2012 | 47 | Jun 1, 2012 | 67 | Sep 7, 2012 | 114 |
| -10.72% | Dec 27, 2013 | 199 | Oct 10, 2014 | 23 | Nov 12, 2014 | 222 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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