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 453 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 | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 64.10B | Dec 2000 | MBLAX vs VBAIX | |
| 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 |
Best Risk-Adjusted Alternatives to MBLAX
MBLAX has a PortfoliosLab risk / return rank of 42. There are 437 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 | 97 | — | Dec 2009 | MBLAX vs NWQIX | |
| Federated Hermes Municipal and Stock Advantage Fun... | 94 | — | Sep 2003 | MBLAX vs FMUAX | |
| Pioneer Balanced ESG Fund | 93 | — | Dec 1991 | MBLAX vs AYBLX |
Top Performing MBLAX Alternatives (YTD)
MBLAX is at 3.85% YTD. There are 472 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 30.31%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 30.31% | — | Jan 1998 | MBLAX vs EKBAX | |
| Greenspring Fund | 19.30% | — | Jun 1983 | MBLAX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 18.84% | — | Aug 1998 | MBLAX vs MHELX | |
| ICON Equity Income Fund | 18.66% | — | May 2004 | MBLAX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 16.85% | — | Dec 2002 | MBLAX vs TIBIX |
Lowest Volatility Alternatives to MBLAX
MBLAX has 4.77% 1-year volatility. There are 35 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 Asset Allocation Trust Conservative Strategy F... | 2.82% | — | Nov 2003 | MBLAX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.87% | — | Apr 2012 | MBLAX vs SCLAX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | MBLAX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | MBLAX vs CSTAX |
Lowest Drawdown Alternatives to MBLAX
MBLAX has a 1-year max drawdown of -3.42%. There are 21 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 Class A | Diversified Portfolio | 57 | 11.39% | — | Jun 2006 | MBLAX vs MAGSX | |
| Madison Mid Cap Fund | Mid Cap Blend Equities | 7 | 3.73% | — | Jul 1983 | MBLAX vs GTSGX | |
| Madison Dividend Income Fund | Large Cap Value Equities | 38 | 10.09% | — | Dec 1986 | MBLAX vs BHBFX | |
| Madison Small Cap Fund | Small Cap Blend Equities | 9 | 10.56% | — | Dec 1996 | MBLAX vs BVAOX | |
| Madison Covered Call & Equity Income Fund | Derivative Income | 16 | 3.50% | — | Oct 2009 | MBLAX vs MENYX | |
| Madison Core Bond Fund | Intermediate Core Bond | 24 | -0.01% | — | Dec 1997 | MBLAX vs MBOAX | |
| Madison Conservative Allocation Fund | Diversified Portfolio | 56 | 4.92% | — | Jun 2006 | MBLAX vs MCNAX | |
| Madison Tax-Free National Fund | Municipal Bonds | 78 | 1.15% | — | Dec 1982 | MBLAX vs GTFHX | |
| Madison Moderate Allocation Fund | Diversified Portfolio | 54 | 8.54% | — | Jun 2006 | MBLAX vs MMDAX | |
| Madison Investors Fund | Large Cap Blend Equities | 15 | 7.32% | — | Nov 1978 | MBLAX vs MINVX |
Often Compared With MBLAX
Investors most often compare MBLAX with BERIX, CONWX, TPDAX. These 20 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