GTFHX vs. MBLAX
Compare and contrast key facts about Madison Tax-Free National Fund (GTFHX) and Madison Diversified Income Fund (MBLAX).
GTFHX is managed by Madison Funds. It was launched on Dec 29, 1982. MBLAX is managed by Madison Funds. It was launched on Dec 28, 1997.
Performance
GTFHX vs. MBLAX - Performance Comparison
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GTFHX vs. MBLAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTFHX Madison Tax-Free National Fund | -0.51% | 3.91% | 0.43% | 4.00% | -6.21% | 0.02% | 4.20% | 6.64% | 0.87% | 3.03% |
MBLAX Madison Diversified Income Fund | 1.45% | 6.70% | 4.80% | 3.38% | -7.99% | 14.42% | 7.57% | 19.28% | -1.22% | 12.84% |
Returns By Period
In the year-to-date period, GTFHX achieves a -0.51% return, which is significantly lower than MBLAX's 1.45% return. Over the past 10 years, GTFHX has underperformed MBLAX with an annualized return of 1.39%, while MBLAX has yielded a comparatively higher 6.42% annualized return.
GTFHX
- 1D
- 0.00%
- 1M
- -1.76%
- YTD
- -0.51%
- 6M
- 0.81%
- 1Y
- 3.17%
- 3Y*
- 1.97%
- 5Y*
- 0.42%
- 10Y*
- 1.39%
MBLAX
- 1D
- 0.08%
- 1M
- -2.76%
- YTD
- 1.45%
- 6M
- 2.05%
- 1Y
- 6.86%
- 3Y*
- 5.78%
- 5Y*
- 3.39%
- 10Y*
- 6.42%
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GTFHX vs. MBLAX - Expense Ratio Comparison
GTFHX has a 0.76% expense ratio, which is lower than MBLAX's 1.11% expense ratio.
Return for Risk
GTFHX vs. MBLAX — Risk / Return Rank
GTFHX
MBLAX
GTFHX vs. MBLAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Tax-Free National Fund (GTFHX) and Madison Diversified Income Fund (MBLAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GTFHX | MBLAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.01 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.46 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.30 | -0.27 |
Martin ratioReturn relative to average drawdown | 4.11 | 5.87 | -1.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GTFHX | MBLAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.01 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.32 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.59 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.58 | +0.56 |
Correlation
The correlation between GTFHX and MBLAX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GTFHX vs. MBLAX - Dividend Comparison
GTFHX's dividend yield for the trailing twelve months is around 2.42%, less than MBLAX's 3.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTFHX Madison Tax-Free National Fund | 2.42% | 2.51% | 2.23% | 1.99% | 2.54% | 2.58% | 1.84% | 2.78% | 2.65% | 2.63% | 3.06% | 2.99% |
MBLAX Madison Diversified Income Fund | 3.96% | 4.92% | 7.37% | 15.29% | 8.09% | 12.04% | 2.77% | 6.69% | 10.66% | 3.14% | 5.38% | 4.00% |
Drawdowns
GTFHX vs. MBLAX - Drawdown Comparison
The maximum GTFHX drawdown since its inception was -13.88%, smaller than the maximum MBLAX drawdown of -26.64%. Use the drawdown chart below to compare losses from any high point for GTFHX and MBLAX.
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Drawdown Indicators
| GTFHX | MBLAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -26.64% | +12.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -5.66% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -23.81% | +13.32% |
Max Drawdown (10Y)Largest decline over 10 years | -10.49% | -23.81% | +13.32% |
Current DrawdownCurrent decline from peak | -1.96% | -2.97% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -4.77% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.25% | -0.35% |
Volatility
GTFHX vs. MBLAX - Volatility Comparison
The current volatility for Madison Tax-Free National Fund (GTFHX) is 0.76%, while Madison Diversified Income Fund (MBLAX) has a volatility of 1.80%. This indicates that GTFHX experiences smaller price fluctuations and is considered to be less risky than MBLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTFHX | MBLAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.80% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 3.61% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 6.98% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 10.63% | -7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 10.94% | -7.71% |