- ISIN
- US5574924933
- CUSIP
- 557492493
- Issuer
- Madison
- Inception Date
- Nov 1, 1978
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MINVX Performance Chart
Madison Investors Fund (MINVX) is up 6.1% since the beginning of the year. MINVX is currently trading at $30 per share. Investors who bought $1,000 worth of MINVX shares 5 years ago would now be looking at an investment worth $1,493.
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Returns By Period
Madison Investors Fund (MINVX) has returned 6.14% so far this year and 12.63% over the past 12 months. Over the last ten years, MINVX has returned 12.24% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Madison Investors Fund
- 1D
- -0.34%
- 1M
- -0.63%
- 6M
- 2.02%
- YTD
- 6.14%
- 1Y
- 12.63%
- 3Y*
- 10.14%
- 5Y*
- 8.34%
- 10Y*
- 12.24%
- ALL TIME*
- 8.15%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MINVX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1980, MINVX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 1997 with a return of +21.5%, while the worst month was Oct 2008 at -18.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MINVX closed higher 52% of trading days. The best single day was Apr 1, 1997 with a return of +13.8%, while the worst single day was Dec 30, 1996 at -19.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.03% | 0.62% | -7.02% | 10.08% | -1.20% | -0.40% | 0.68% | 6.14% | |||||
| 2025 | 5.54% | -1.56% | -4.63% | -2.43% | 2.92% | 2.70% | -3.06% | 1.98% | -1.09% | -0.52% | 3.53% | 0.40% | 3.30% |
| 2024 | 0.57% | 5.29% | 3.53% | -3.65% | 2.82% | -0.10% | 2.85% | 3.35% | 1.41% | -2.03% | 7.19% | -5.24% | 16.38% |
| 2023 | 7.17% | -1.97% | 1.34% | 2.07% | -1.58% | 7.98% | 4.31% | -1.06% | -4.32% | -2.12% | 8.40% | 4.24% | 26.12% |
| 2022 | -4.66% | -2.63% | 1.74% | -6.79% | 2.48% | -7.63% | 8.43% | -4.84% | -8.37% | 7.87% | 7.08% | -4.60% | -13.18% |
| 2021 | -3.47% | 2.11% | 6.16% | 5.77% | 0.52% | 0.48% | 2.77% | 2.59% | -5.08% | 4.88% | -1.04% | 5.68% | 22.70% |
Benchmark Metrics
Madison Investors Fund has an annualized alpha of 2.76%, beta of 0.72, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since January 02, 1980.
- This fund participated in 85.50% of S&P 500 Index downside but only 81.08% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.32 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.76%
- Beta
- 0.72
- R²
- 0.32
- Upside Capture
- 81.08%
- Downside Capture
- 85.50%
Expense Ratio
MINVX has an expense ratio of 0.91%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MINVX ranks 18 for risk / return — above 18% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Madison Investors Fund (MINVX) 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.
| MINVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.00 | -1.08 |
| Martin ratioReturn relative to average drawdown | 3.53 | 8.49 | -4.96 |
Dividends
Dividend History
Madison Investors Fund provided a 6.87% dividend yield over the last twelve months, with an annual payout of $2.04 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.04 | $2.04 | $1.77 | $2.17 | $1.51 | $2.18 | $2.42 | $1.42 | $3.59 | $1.35 | $0.65 | $2.96 |
Dividend yield | 6.87% | 7.30% | 6.09% | 8.18% | 6.64% | 7.82% | 9.86% | 6.02% | 18.77% | 5.91% | 3.31% | 16.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Investors 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 | $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 | $2.04 | $2.04 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.77 | $1.77 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.17 | $2.17 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.51 | $1.51 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.18 | $2.18 |
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 Investors 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 Investors Fund was 52.40%, occurring on Mar 9, 2009. Recovery took 734 trading sessions.
The current Madison Investors Fund drawdown is 1.36%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-52.40%Mar 2009 | 1y 5mo | 2y 11mo | 4y 3moOct 2007 - Feb 2012 | Financial crisis2007–2009 |
-36.60%Oct 1990 | 3y 10mo | 1y 5mo | 5y 4moDec 1986 - Apr 1992 | — |
-33.85%Mar 2020 | 1mo 2d | 5mo 6d | 6mo 8dFeb 2020 - Aug 2020 | COVID crash2020 |
-33.80%Oct 2002 | 1y 4mo | 2y 27d | 3y 5moMay 2001 - Nov 2004 | Dot-com crash2000–2002 |
-27.10%Nov 1984 | 1y 4mo | 2y 12d | 3y 4moJul 1983 - Dec 1986 | — |
Drawdown Indicators
| MINVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -56.78% | +4.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -9.10% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.23% | -18.90% | +2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -25.43% | +3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -33.92% | +0.07% |
Current DrawdownCurrent decline from peak | -1.36% | -1.58% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -10.70% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.14% | +0.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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