GTFHX vs. NMTRX
Compare and contrast key facts about Madison Tax-Free National Fund (GTFHX) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
GTFHX is managed by Madison Funds. It was launched on Dec 29, 1982. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
GTFHX vs. NMTRX - Performance Comparison
Loading graphics...
GTFHX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTFHX Madison Tax-Free National Fund | -0.31% | 3.91% | 0.43% | 4.00% | -6.21% | 0.02% | 4.20% | 6.64% | 0.87% | 3.03% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 0.18% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Returns By Period
In the year-to-date period, GTFHX achieves a -0.31% return, which is significantly lower than NMTRX's 0.18% return. Over the past 10 years, GTFHX has underperformed NMTRX with an annualized return of 1.41%, while NMTRX has yielded a comparatively higher 2.30% annualized return.
GTFHX
- 1D
- 0.20%
- 1M
- -1.18%
- YTD
- -0.31%
- 6M
- 1.01%
- 1Y
- 3.38%
- 3Y*
- 2.04%
- 5Y*
- 0.46%
- 10Y*
- 1.41%
NMTRX
- 1D
- 0.30%
- 1M
- -1.19%
- YTD
- 0.18%
- 6M
- 1.96%
- 1Y
- 4.09%
- 3Y*
- 3.32%
- 5Y*
- 0.44%
- 10Y*
- 2.30%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GTFHX vs. NMTRX - Expense Ratio Comparison
GTFHX has a 0.76% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Return for Risk
GTFHX vs. NMTRX — Risk / Return Rank
GTFHX
NMTRX
GTFHX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Tax-Free National Fund (GTFHX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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 | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.84 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.16 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.93 | +0.10 |
Martin ratioReturn relative to average drawdown | 4.08 | 2.71 | +1.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GTFHX | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.84 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.11 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.53 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.97 | +0.17 |
Correlation
The correlation between GTFHX and NMTRX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GTFHX vs. NMTRX - Dividend Comparison
GTFHX's dividend yield for the trailing twelve months is around 2.42%, less than NMTRX's 4.18% 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% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.18% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Drawdowns
GTFHX vs. NMTRX - Drawdown Comparison
The maximum GTFHX drawdown since its inception was -13.88%, smaller than the maximum NMTRX drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for GTFHX and NMTRX.
Loading graphics...
Drawdown Indicators
| GTFHX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -16.36% | +2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -4.75% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -16.36% | +5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -10.49% | -16.36% | +5.87% |
Current DrawdownCurrent decline from peak | -1.76% | -1.96% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -2.93% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.63% | -0.72% |
Volatility
GTFHX vs. NMTRX - Volatility Comparison
The current volatility for Madison Tax-Free National Fund (GTFHX) is 0.74%, while Nuveen Municipal Total Return Managed Accounts (NMTRX) has a volatility of 1.05%. This indicates that GTFHX experiences smaller price fluctuations and is considered to be less risky than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GTFHX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.05% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 1.80% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 4.91% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 3.98% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 4.38% | -1.15% |