GTFHX vs. MBOAX
Compare and contrast key facts about Madison Tax-Free National Fund (GTFHX) and Madison Core Bond Fund (MBOAX).
GTFHX is managed by Madison Funds. It was launched on Dec 29, 1982. MBOAX is managed by Madison Funds. It was launched on Dec 29, 1997.
Performance
GTFHX vs. MBOAX - Performance Comparison
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GTFHX vs. MBOAX - 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% |
MBOAX Madison Core Bond Fund | -0.36% | 6.96% | 1.14% | 5.63% | -12.82% | -1.85% | 9.22% | 8.31% | -0.98% | 3.02% |
Returns By Period
In the year-to-date period, GTFHX achieves a -0.51% return, which is significantly lower than MBOAX's -0.36% return. Over the past 10 years, GTFHX has underperformed MBOAX with an annualized return of 1.39%, while MBOAX has yielded a comparatively higher 1.68% annualized return.
GTFHX
- 1D
- 0.10%
- 1M
- -1.96%
- YTD
- -0.51%
- 6M
- 0.81%
- 1Y
- 3.49%
- 3Y*
- 1.97%
- 5Y*
- 0.44%
- 10Y*
- 1.39%
MBOAX
- 1D
- 0.55%
- 1M
- -2.04%
- YTD
- -0.36%
- 6M
- 0.65%
- 1Y
- 4.07%
- 3Y*
- 3.53%
- 5Y*
- 0.14%
- 10Y*
- 1.68%
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GTFHX vs. MBOAX - Expense Ratio Comparison
GTFHX has a 0.76% expense ratio, which is lower than MBOAX's 0.85% expense ratio.
Return for Risk
GTFHX vs. MBOAX — Risk / Return Rank
GTFHX
MBOAX
GTFHX vs. MBOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Tax-Free National Fund (GTFHX) and Madison Core Bond Fund (MBOAX). 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 | MBOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.94 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.36 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.17 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.69 | -0.58 |
Martin ratioReturn relative to average drawdown | 4.50 | 4.97 | -0.47 |
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 | MBOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.94 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.03 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.36 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.74 | +0.40 |
Correlation
The correlation between GTFHX and MBOAX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GTFHX vs. MBOAX - Dividend Comparison
GTFHX's dividend yield for the trailing twelve months is around 2.42%, less than MBOAX's 3.12% 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% |
MBOAX Madison Core Bond Fund | 3.12% | 3.39% | 3.27% | 2.73% | 1.88% | 1.85% | 3.77% | 2.42% | 2.48% | 2.28% | 2.72% | 4.60% |
Drawdowns
GTFHX vs. MBOAX - Drawdown Comparison
The maximum GTFHX drawdown since its inception was -13.88%, smaller than the maximum MBOAX drawdown of -17.78%. Use the drawdown chart below to compare losses from any high point for GTFHX and MBOAX.
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Drawdown Indicators
| GTFHX | MBOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -17.78% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -2.73% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -17.55% | +7.06% |
Max Drawdown (10Y)Largest decline over 10 years | -10.49% | -17.78% | +7.29% |
Current DrawdownCurrent decline from peak | -1.96% | -2.57% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -2.36% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.93% | -0.04% |
Volatility
GTFHX vs. MBOAX - Volatility Comparison
The current volatility for Madison Tax-Free National Fund (GTFHX) is 0.77%, while Madison Core Bond Fund (MBOAX) has a volatility of 1.64%. This indicates that GTFHX experiences smaller price fluctuations and is considered to be less risky than MBOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTFHX | MBOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 1.64% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.10% | 2.54% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 4.33% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 5.58% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 4.63% | -1.40% |