- ISIN
- US5574926003
- CUSIP
- 557492600
- Issuer
- Madison Funds
- Inception Date
- Dec 28, 1997
- Category
- Diversified Portfolio
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
MBLAX Performance Chart
Madison Diversified Income Fund (MBLAX) is up 3.8% since the beginning of the year. MBLAX is currently trading at $13 per share. Investors who bought $1,000 worth of MBLAX shares 5 years ago would now be looking at an investment worth $1,155.
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Returns By Period
Madison Diversified Income Fund (MBLAX) has returned 3.79% so far this year and 8.60% over the past 12 months. Over the last ten years, MBLAX has returned 6.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Madison Diversified Income Fund
- 1D
- 0.23%
- 1M
- 0.44%
- YTD
- 3.79%
- 6M
- 3.67%
- 1Y
- 8.60%
- 3Y*
- 7.23%
- 5Y*
- 2.93%
- 10Y*
- 6.53%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MBLAX Monthly Returns History
Based on dividend-adjusted daily data since Dec 29, 1997, MBLAX's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +7.5%, while the worst month was Oct 2008 at -7.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MBLAX closed higher 50% of trading days. The best single day was Dec 23, 2021 with a return of +11.0%, while the worst single day was Dec 27, 2021 at -8.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.49% | 2.02% | -2.45% | 2.00% | -0.32% | 0.08% | 3.79% | ||||||
| 2025 | 1.24% | 0.94% | -1.02% | -1.16% | 1.60% | 1.94% | 0.21% | 1.86% | 0.14% | -0.61% | 1.16% | 0.27% | 6.70% |
| 2024 | -0.33% | 0.38% | 1.82% | -2.75% | 1.68% | 0.21% | 2.57% | 1.57% | 1.03% | -1.09% | 2.43% | -2.65% | 4.80% |
| 2023 | 2.67% | -3.90% | 0.42% | 0.49% | -4.15% | 4.03% | 3.02% | -1.68% | -3.05% | -1.85% | 4.57% | 3.31% | 3.38% |
| 2022 | -2.27% | -1.66% | 2.20% | -4.78% | 1.68% | -5.51% | 2.84% | -2.70% | -7.05% | 6.81% | 5.57% | -2.38% | -7.99% |
| 2021 | -2.03% | 1.15% | 4.97% | 1.82% | 2.87% | -0.93% | 1.75% | 1.32% | -3.46% | 3.24% | -1.49% | 4.73% | 14.42% |
Benchmark Metrics
Madison Diversified Income Fund has an annualized alpha of 1.95%, beta of 0.45, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since December 30, 1997.
- This fund participated in 51.19% of S&P 500 Index downside but only 49.75% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.45 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.95%
- Beta
- 0.45
- R²
- 0.79
- Upside Capture
- 49.75%
- Downside Capture
- 51.19%
Expense Ratio
MBLAX has a high expense ratio of 1.11%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MBLAX ranks 45 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Madison Diversified Income Fund (MBLAX) and compare them to S&P 500 Index.
| MBLAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.93 | -0.28 |
| Martin ratioReturn relative to average drawdown | 9.36 | 13.52 | -4.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Madison Diversified Income Fund provided a 4.41% dividend yield over the last twelve months, with an annual payout of $0.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.63 | $0.94 | $1.99 | $1.18 | $2.06 | $0.46 | $1.08 | $1.53 | $0.51 | $0.79 | $0.57 |
Dividend yield | 4.41% | 4.92% | 7.37% | 15.29% | 8.09% | 12.04% | 2.77% | 6.69% | 10.66% | 3.14% | 5.38% | 4.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Diversified Income 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 | $0.02 | $0.03 | $0.07 | $0.03 | $0.04 | $0.00 | $0.19 | ||||||
| 2025 | $0.07 | $0.03 | $0.07 | $0.03 | $0.04 | $0.07 | $0.03 | $0.04 | $0.07 | $0.03 | $0.04 | $0.13 | $0.63 |
| 2024 | $0.07 | $0.03 | $0.25 | $0.02 | $0.04 | $0.16 | $0.02 | $0.03 | $0.07 | $0.03 | $0.03 | $0.18 | $0.94 |
| 2023 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.04 | $1.71 | $1.99 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.94 | $1.18 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $1.85 | $2.06 |
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 Diversified Income 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 Diversified Income Fund was 26.64%, occurring on Mar 9, 2009. Recovery took 393 trading sessions.
The current Madison Diversified Income Fund drawdown is 0.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -26.64%Mar 2009 | 1y 5mo | 1y 6mo | 2y 11moOct 2007 - Sep 2010 |
Bear market2022 | -23.81%Oct 2022 | 9mo 19d | 3y 3mo | 4y 1moDec 2021 - Feb 2026 |
COVID crash2020 | -23.28%Mar 2020 | 1mo 4d | 5mo 13d | 6mo 17dFeb 2020 - Sep 2020 |
Dot-com crash2000–2002 | -22.51%Oct 2002 | 2y 1mo | 1y 4mo | 3y 5moSep 2000 - Feb 2004 |
1998 correction1998 | -10.64%Oct 1998 | 2mo 20d | 1mo 16d | 4mo 6dJul 1998 - Nov 1998 |
Drawdown Indicators
| MBLAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.64% | -56.78% | +30.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -9.10% | +5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -7.37% | -18.90% | +11.53% |
Max Drawdown (5Y)Largest decline over 5 years | -23.81% | -25.43% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -23.81% | -33.92% | +10.11% |
Current DrawdownCurrent decline from peak | -0.74% | -0.74% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -10.72% | +5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.97% | -1.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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