Madison Short-Term Strategic Income ETF (MSTI)
MSTI is an actively managed ETF by Madison. MSTI launched on Sep 5, 2023 and has a 0.40% expense ratio.
ETF Info
| Issuer | Madison |
|---|---|
| Inception Date | Sep 5, 2023 |
| Category | Short-Term Bond |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
MSTI features an expense ratio of 0.40%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: MSTI vs. LSST
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Madison Short-Term Strategic Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Madison Short-Term Strategic Income ETF had a return of 5.07% year-to-date (YTD) and 9.46% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.07% | 17.79% |
| 1 month | 1.34% | 0.18% |
| 6 months | 4.63% | 7.53% |
| 1 year | 9.46% | 26.42% |
| 5 years (annualized) | N/A | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
Monthly Returns
The table below presents the monthly returns of MSTI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.25% | -0.33% | 0.64% | -0.63% | 0.98% | 0.65% | 1.31% | 1.19% | 5.07% | ||||
| 2023 | -0.41% | -0.27% | 2.74% | 2.06% | 4.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MSTI is 97, placing it in the top 3% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Madison Short-Term Strategic Income ETF (MSTI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Madison Short-Term Strategic Income ETF granted a 4.90% dividend yield in the last twelve months. The annual payout for that period amounted to $1.02 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $1.02 | $0.32 |
Dividend yield | 4.90% | 1.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Short-Term Strategic Income ETF. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.09 | $0.10 | $0.09 | $0.11 | $0.08 | $0.07 | $0.09 | $0.00 | $0.70 | |||
| 2023 | $0.02 | $0.09 | $0.09 | $0.12 | $0.32 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Madison Short-Term Strategic Income ETF. 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 Short-Term Strategic Income ETF was 1.48%, occurring on Oct 18, 2023. Recovery took 12 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.48% | Sep 15, 2023 | 24 | Oct 18, 2023 | 12 | Nov 3, 2023 | 36 |
| -1.07% | Mar 28, 2024 | 13 | Apr 16, 2024 | 13 | May 3, 2024 | 26 |
| -0.97% | Feb 2, 2024 | 8 | Feb 13, 2024 | 17 | Mar 8, 2024 | 25 |
| -0.62% | Dec 28, 2023 | 5 | Jan 4, 2024 | 5 | Jan 11, 2024 | 10 |
| -0.56% | Jan 16, 2024 | 2 | Jan 17, 2024 | 11 | Feb 1, 2024 | 13 |
Volatility
Volatility Chart
The current Madison Short-Term Strategic Income ETF volatility is 0.49%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.