GTFHX vs. TFCYX
Compare and contrast key facts about Madison Tax-Free National Fund (GTFHX) and SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX).
GTFHX is managed by Madison Funds. It was launched on Dec 29, 1982. TFCYX is managed by BlackRock. It was launched on Apr 21, 2016.
Performance
GTFHX vs. TFCYX - Performance Comparison
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GTFHX vs. TFCYX - 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% |
TFCYX SEI Institutional Managed Trust Tax-Free Conservative Income Fund | 0.32% | 2.71% | 3.24% | 2.77% | 0.72% | 0.10% | 0.46% | 1.40% | 1.25% | 0.69% |
Returns By Period
In the year-to-date period, GTFHX achieves a -0.51% return, which is significantly lower than TFCYX's 0.32% 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%
TFCYX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.32%
- 6M
- 0.99%
- 1Y
- 2.34%
- 3Y*
- 2.75%
- 5Y*
- 1.95%
- 10Y*
- —
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GTFHX vs. TFCYX - Expense Ratio Comparison
GTFHX has a 0.76% expense ratio, which is higher than TFCYX's 0.13% expense ratio.
Return for Risk
GTFHX vs. TFCYX — Risk / Return Rank
GTFHX
TFCYX
GTFHX vs. TFCYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Tax-Free National Fund (GTFHX) and SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX). 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 | TFCYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 3.02 | -2.01 |
Sortino ratioReturn per unit of downside risk | 1.35 | 8.81 | -7.46 |
Omega ratioGain probability vs. loss probability | 1.31 | 4.32 | -3.02 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 26.02 | -24.99 |
Martin ratioReturn relative to average drawdown | 4.11 | 68.88 | -64.78 |
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 | TFCYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 3.02 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 1.61 | -1.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 1.61 | -0.47 |
Correlation
The correlation between GTFHX and TFCYX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GTFHX vs. TFCYX - Dividend Comparison
GTFHX's dividend yield for the trailing twelve months is around 2.42%, more than TFCYX's 2.31% 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% |
TFCYX SEI Institutional Managed Trust Tax-Free Conservative Income Fund | 2.31% | 2.68% | 3.19% | 2.63% | 0.72% | 0.00% | 0.46% | 1.39% | 1.24% | 0.68% | 0.00% | 0.00% |
Drawdowns
GTFHX vs. TFCYX - Drawdown Comparison
The maximum GTFHX drawdown since its inception was -13.88%, which is greater than TFCYX's maximum drawdown of -1.10%. Use the drawdown chart below to compare losses from any high point for GTFHX and TFCYX.
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Drawdown Indicators
| GTFHX | TFCYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -1.10% | -12.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -0.10% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -1.10% | -9.39% |
Max Drawdown (10Y)Largest decline over 10 years | -10.49% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | -0.10% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -0.02% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.04% | +0.86% |
Volatility
GTFHX vs. TFCYX - Volatility Comparison
Madison Tax-Free National Fund (GTFHX) has a higher volatility of 0.76% compared to SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) at 0.10%. This indicates that GTFHX's price experiences larger fluctuations and is considered to be riskier than TFCYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTFHX | TFCYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.10% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 0.55% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 0.81% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 1.21% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 0.92% | +2.31% |