Madison Diversified Income Fund (MBLAX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MBLAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MBLAX
MBLAX charges 1.11% annually. There are 452 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | MBLAX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | MBLAX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | MBLAX vs TSAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | MBLAX vs VTMFX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | MBLAX vs BWBIX |
Best Risk-Adjusted Alternatives to MBLAX
MBLAX has a PortfoliosLab risk / return rank of 35. There are 451 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | MBLAX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | MBLAX vs TIBIX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | MBLAX vs NWQIX | |
| Pioneer Balanced ESG Fund | 94 | — | Dec 1991 | MBLAX vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 94 | — | Dec 1991 | MBLAX vs AOBLX |
Top Performing MBLAX Alternatives (YTD)
MBLAX is at 2.85% YTD. There are 473 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 34.11%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 34.11% | — | Jan 1998 | MBLAX vs EKBAX | |
| MH Elite Small Cap Fund of Funds Fund | 20.86% | — | Aug 1998 | MBLAX vs MHELX | |
| Greenspring Fund | 20.56% | — | Jun 1983 | MBLAX vs GRSPX | |
| Thornburg Investment Income Builder Fund Class I | 16.73% | — | Dec 2002 | MBLAX vs TIBIX | |
| ICON Equity Income Fund | 13.66% | — | May 2004 | MBLAX vs IOEZX |
Lowest Volatility Alternatives to MBLAX
MBLAX has 4.79% 1-year volatility. There are 38 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.85% | — | Nov 2003 | MBLAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.84% | — | Apr 2012 | MBLAX vs SCLAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.85% | — | Nov 2003 | MBLAX vs SICIX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | MBLAX vs AVEFX | |
| American Funds College 2027 Fund | 3.14% | — | Sep 2012 | MBLAX vs CSTAX |
Lowest Drawdown Alternatives to MBLAX
MBLAX has a 1-year max drawdown of -3.42%. There are 31 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | MBLAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | MBLAX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | MBLAX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | MBLAX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | MBLAX vs CSTAX |
Other Mutual Funds from Madison Funds
The 10 most viewed Madison Funds mutual funds shown here include MAGSX, GTSGX, BHBFX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Madison Aggressive Allocation Fund | Diversified Portfolio | 41 | 9.73% | — | Jun 2006 | MBLAX vs MAGSX | |
| Madison Mid Cap Fund | Mid Cap Blend Equities | 4 | -0.68% | — | Jul 1983 | MBLAX vs GTSGX | |
| Madison Dividend Income Fund | Large Cap Value Equities | 30 | 7.99% | — | Dec 1986 | MBLAX vs BHBFX | |
| Madison Covered Call & Equity Income Fund | Derivative Income | 16 | 1.59% | — | Oct 2009 | MBLAX vs MENYX | |
| Madison Small Cap Fund | Small Cap Blend Equities | 7 | 7.95% | — | Dec 1996 | MBLAX vs BVAOX | |
| Madison Conservative Allocation Fund | Diversified Portfolio | 42 | 4.26% | — | Jun 2006 | MBLAX vs MCNAX | |
| Madison Core Bond Fund | Intermediate Core Bond | 18 | 0.12% | — | Dec 1997 | MBLAX vs MBOAX | |
| Madison Tax-Free National Fund | Municipal Bonds | 77 | 1.19% | — | Dec 1982 | MBLAX vs GTFHX | |
| Madison Investors Fund | Large Cap Blend Equities | 9 | 4.39% | — | Nov 1978 | MBLAX vs MINVX | |
| Madison Moderate Allocation Fund | Diversified Portfolio | 45 | 7.30% | — | Jun 2006 | MBLAX vs MMDAX |
Often Compared With MBLAX
Investors most often compare MBLAX with BERIX, PUDZX, AAAAX. These 17 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare MBLAX with Any Fund or Stock
Compare MBLAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MBLAX with funds that move differently
Madison Diversified Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MBLAX.
Explore MBLAX Diversifiers