KCCIX vs. MBOAX
KCCIX (Knights of Columbus Core Bond Fund) and MBOAX (Madison Core Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, KCCIX returned 1.46%/yr vs 1.30%/yr for MBOAX. Their correlation of 0.93 means they have usually moved in the same direction. KCCIX charges 0.71%/yr vs 0.85%/yr for MBOAX.
Performance
KCCIX vs. MBOAX - Performance Comparison
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Returns By Period
In the year-to-date period, KCCIX achieves a -0.28% return, which is significantly higher than MBOAX's -1.45% return. Over the past 10 years, KCCIX has outperformed MBOAX with an annualized return of 1.46%, while MBOAX has yielded a comparatively lower 1.30% annualized return.
KCCIX
- 1D
- -0.23%
- 1M
- -1.14%
- 6M
- -0.50%
- YTD
- -0.28%
- 1Y
- 2.10%
- 3Y*
- 3.90%
- 5Y*
- -0.74%
- 10Y*
- 1.46%
- ALL TIME*
- 1.88%
MBOAX
- 1D
- -0.78%
- 1M
- -1.76%
- 6M
- -1.49%
- YTD
- -1.45%
- 1Y
- 1.09%
- 3Y*
- 3.60%
- 5Y*
- -0.63%
- 10Y*
- 1.30%
- ALL TIME*
- 2.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
KCCIX vs. MBOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KCCIX Knights of Columbus Core Bond Fund | -0.28% | 6.94% | 1.50% | 4.99% | -14.30% | -0.58% | 7.21% | 9.78% | -0.72% | 4.55% |
MBOAX Madison Core Bond Fund | -1.45% | 6.96% | 1.14% | 5.63% | -12.82% | -1.85% | 9.22% | 8.31% | -0.98% | 3.02% |
Correlation
The correlation between KCCIX and MBOAX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.93 |
The correlation between KCCIX and MBOAX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
KCCIX vs. MBOAX — Risk / Return Rank
KCCIX
MBOAX
KCCIX vs. MBOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Knights of Columbus Core Bond Fund (KCCIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KCCIX | MBOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.57 | +0.52 |
| Martin ratioReturn relative to average drawdown | 2.78 | 1.48 | +1.29 |
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Drawdowns
KCCIX vs. MBOAX - Drawdown Comparison
The maximum KCCIX drawdown since its inception was -18.52%, roughly equal to the maximum MBOAX drawdown of -17.78%. Use the drawdown chart below to compare losses from any high point for KCCIX and MBOAX.
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Drawdown Indicators
| KCCIX | MBOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.52% | -17.78% | -0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.59% | -3.11% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | -5.07% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -17.40% | -1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -18.52% | -17.78% | -0.74% |
Current DrawdownCurrent decline from peak | -3.81% | -3.64% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -2.36% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.19% | -0.18% |
Volatility
KCCIX vs. MBOAX - Volatility Comparison
The current volatility for Knights of Columbus Core Bond Fund (KCCIX) is 0.98%, while Madison Core Bond Fund (MBOAX) has a volatility of 1.23%. This indicates that KCCIX 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
| KCCIX | MBOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.23% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 3.02% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 3.79% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.56% | 5.62% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 4.66% | +0.04% |
KCCIX vs. MBOAX - Expense Ratio Comparison
KCCIX has a 0.71% expense ratio, which is lower than MBOAX's 0.85% expense ratio.
Dividends
KCCIX vs. MBOAX - Dividend Comparison
KCCIX's dividend yield for the trailing twelve months is around 4.12%, more than MBOAX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KCCIX Knights of Columbus Core Bond Fund | 4.12% | 3.95% | 3.73% | 3.23% | 2.80% | 2.19% | 3.19% | 2.97% | 2.96% | 2.63% | 2.41% | 0.00% |
MBOAX Madison Core Bond Fund | 3.28% | 3.39% | 3.27% | 2.73% | 1.88% | 1.85% | 3.77% | 2.42% | 2.48% | 2.28% | 2.72% | 4.60% |
Frequently Asked Questions
With a correlation of 0.91, KCCIX and MBOAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MBOAX has higher volatility (1.23%) compared to KCCIX (0.98%). In terms of maximum drawdown, KCCIX dropped -18.52% vs MBOAX's -17.78%.
KCCIX currently has the higher Sharpe Ratio (0.77 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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