Madison Moderate Allocation Fund (MMDAX) 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 MMDAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MMDAX
MMDAX charges 0.71% annually. There are 307 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 | MMDAX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | MMDAX vs PALDX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 64.10B | Dec 2000 | MMDAX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | MMDAX vs TSAIX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | MMDAX vs FYMIX |
Best Risk-Adjusted Alternatives to MMDAX
MMDAX has a PortfoliosLab risk / return rank of 54. There are 364 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 | MMDAX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | MMDAX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | MMDAX vs NWQIX | |
| Federated Hermes Municipal and Stock Advantage Fun... | 94 | — | Sep 2003 | MMDAX vs FMUAX | |
| Pioneer Balanced ESG Fund | 93 | — | Dec 1991 | MMDAX vs AYBLX |
Top Performing MMDAX Alternatives (YTD)
MMDAX is at 8.54% YTD. There are 164 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 | MMDAX vs EKBAX | |
| Greenspring Fund | 19.30% | — | Jun 1983 | MMDAX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 18.84% | — | Aug 1998 | MMDAX vs MHELX | |
| ICON Equity Income Fund | 18.66% | — | May 2004 | MMDAX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 16.85% | — | Dec 2002 | MMDAX vs TIBIX |
Lowest Volatility Alternatives to MMDAX
MMDAX has 9.03% 1-year volatility. There are 316 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 | MMDAX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.82% | — | Nov 2003 | MMDAX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.87% | — | Apr 2012 | MMDAX vs SCLAX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | MMDAX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | MMDAX vs CSTAX |
Lowest Drawdown Alternatives to MMDAX
MMDAX has a 1-year max drawdown of -7.05%. There are 353 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 | MMDAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | MMDAX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | MMDAX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | MMDAX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | MMDAX 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 | MMDAX vs MAGSX | |
| Madison Mid Cap Fund | Mid Cap Blend Equities | 7 | 3.73% | — | Jul 1983 | MMDAX vs GTSGX | |
| Madison Dividend Income Fund | Large Cap Value Equities | 38 | 10.09% | — | Dec 1986 | MMDAX vs BHBFX | |
| Madison Small Cap Fund | Small Cap Blend Equities | 9 | 10.56% | — | Dec 1996 | MMDAX vs BVAOX | |
| Madison Covered Call & Equity Income Fund | Derivative Income | 16 | 3.50% | — | Oct 2009 | MMDAX vs MENYX | |
| Madison Core Bond Fund | Intermediate Core Bond | 24 | -0.01% | — | Dec 1997 | MMDAX vs MBOAX | |
| Madison Conservative Allocation Fund | Diversified Portfolio | 56 | 4.92% | — | Jun 2006 | MMDAX vs MCNAX | |
| Madison Tax-Free National Fund | Municipal Bonds | 78 | 1.15% | — | Dec 1982 | MMDAX vs GTFHX | |
| Madison Investors Fund | Large Cap Blend Equities | 15 | 7.32% | — | Nov 1978 | MMDAX vs MINVX | |
| Madison Diversified Income Fund | Diversified Portfolio | 42 | 3.85% | — | Dec 1997 | MMDAX vs MBLAX |
Often Compared With MMDAX
Investors most often compare MMDAX with VINIX, MIIBX, MERAX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare MMDAX with Any Fund or Stock
Compare MMDAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MMDAX with funds that move differently
Madison Moderate Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMDAX.
Explore MMDAX Diversifiers