- ISIN
- US5574927258
- CUSIP
- 557492725
- Issuer
- Madison Funds
- Inception Date
- Jul 21, 1983
- Category
- Mid Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GTSGX Performance Chart
Madison Mid Cap Fund (GTSGX) is down 0.4% since the beginning of the year. GTSGX is currently trading at $16 per share. Investors who bought $1,000 worth of GTSGX shares 5 years ago would now be looking at an investment worth $1,426.
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Returns By Period
Madison Mid Cap Fund (GTSGX) has returned -0.37% so far this year and 3.52% over the past 12 months. Over the last ten years, GTSGX has returned 10.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Madison Mid Cap Fund
- 1D
- 1.01%
- 1M
- 2.62%
- YTD
- -0.37%
- 6M
- -1.76%
- 1Y
- 3.52%
- 3Y*
- 8.87%
- 5Y*
- 7.36%
- 10Y*
- 10.74%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GTSGX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1990, GTSGX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2009 with a return of +12.5%, while the worst month was Apr 1996 at -32.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GTSGX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +10.7%, while the worst single day was Apr 1, 1996 at -36.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.79% | -0.54% | -7.34% | 2.66% | 0.13% | 1.33% | -0.37% | ||||||
| 2025 | 4.34% | -3.16% | -5.14% | -0.51% | 4.17% | 1.54% | -1.94% | 3.40% | 0.54% | -1.90% | 0.36% | 0.39% | 1.62% |
| 2024 | 0.77% | 5.70% | 2.93% | -7.62% | 4.03% | -0.42% | 4.01% | 1.81% | 1.21% | -3.18% | 8.44% | -6.62% | 10.24% |
| 2023 | 7.17% | -0.74% | -1.05% | -0.08% | -1.82% | 9.18% | 3.04% | -0.82% | -3.94% | -1.22% | 9.48% | 5.70% | 26.51% |
| 2022 | -8.24% | -2.50% | 2.42% | -5.82% | 1.25% | -6.57% | 8.85% | -3.57% | -7.96% | 7.71% | 7.55% | -5.43% | -13.60% |
| 2021 | -3.35% | 3.04% | 5.91% | 5.19% | 0.66% | 0.66% | 1.74% | 2.36% | -4.82% | 7.18% | -0.68% | 6.48% | 26.31% |
Benchmark Metrics
Madison Mid Cap Fund has an annualized alpha of -3.43%, beta of 0.81, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since January 02, 1990.
- This fund participated in 91.59% of S&P 500 Index downside but only 66.04% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.43% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -3.43%
- Beta
- 0.81
- R²
- 0.60
- Upside Capture
- 66.04%
- Downside Capture
- 91.59%
Expense Ratio
GTSGX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GTSGX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Madison Mid Cap Fund (GTSGX) and compare them to S&P 500 Index.
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.
| GTSGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.37 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 2.78 | -2.47 |
| Martin ratioReturn relative to average drawdown | 0.75 | 12.44 | -11.69 |
Dividends
Dividend History
Madison Mid Cap Fund provided a 3.38% dividend yield over the last twelve months, with an annual payout of $0.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.54 | $0.94 | $0.20 | $0.25 | $0.65 | $0.42 | $0.43 | $0.68 | $0.35 | $0.38 | $0.50 |
Dividend yield | 3.38% | 3.37% | 5.76% | 1.25% | 1.96% | 4.38% | 3.43% | 3.74% | 7.57% | 3.58% | 4.34% | 6.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Mid 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.94 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.65 |
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 Mid 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 Mid Cap Fund was 73.82%, occurring on Mar 9, 2009. Recovery took 2199 trading sessions.
The current Madison Mid Cap Fund drawdown is 6.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -73.82%Mar 2009 | 15y 4mo | 8y 8mo | 24y 1moNov 1993 - Nov 2017 |
COVID crash2020 | -38.25%Mar 2020 | 1mo 2d | 7mo 28d | 9moFeb 2020 - Nov 2020 |
1990 bear market1990 | -25.96%Oct 1990 | 9mo 24d | 5mo 12d | 1y 3moJan 1990 - Apr 1991 |
Bear market2022 | -21.94%Jun 2022 | 5mo 14d | 1y 1mo | 1y 6moJan 2022 - Jul 2023 |
2025 selloff2025 | -19.63%Apr 2025 | 4mo 13d | 9mo 18d | 1y 1moNov 2024 - Jan 2026 |
Drawdown Indicators
| GTSGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.82% | -56.78% | -17.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.99% | -9.10% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -19.63% | -18.90% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -25.43% | +3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -38.25% | -33.92% | -4.33% |
Current DrawdownCurrent decline from peak | -6.26% | -1.80% | -4.46% |
Average DrawdownAverage peak-to-trough decline | -29.66% | -10.71% | -18.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.04% | 2.03% | +3.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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