KMVAX vs. GTSGX
KMVAX (Kirr Marbach Partners Value Fund) and GTSGX (Madison Mid Cap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, KMVAX returned 12.10%/yr vs 10.93%/yr for GTSGX. Their correlation of 0.87 suggests significant overlap in exposure. KMVAX charges 1.45%/yr vs 0.95%/yr for GTSGX.
Performance
KMVAX vs. GTSGX - Performance Comparison
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Returns By Period
In the year-to-date period, KMVAX achieves a 13.91% return, which is significantly higher than GTSGX's -0.62% return. Over the past 10 years, KMVAX has outperformed GTSGX with an annualized return of 12.10%, while GTSGX has yielded a comparatively lower 10.93% annualized return.
KMVAX
- 1D
- 0.53%
- 1M
- 1.45%
- YTD
- 13.91%
- 6M
- 12.22%
- 1Y
- 20.02%
- 3Y*
- 22.07%
- 5Y*
- 13.53%
- 10Y*
- 12.10%
GTSGX
- 1D
- -0.25%
- 1M
- 2.37%
- YTD
- -0.62%
- 6M
- -1.78%
- 1Y
- 2.05%
- 3Y*
- 9.10%
- 5Y*
- 6.86%
- 10Y*
- 10.93%
KMVAX vs. GTSGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KMVAX Kirr Marbach Partners Value Fund | 13.91% | 14.44% | 27.82% | 20.42% | -16.01% | 28.83% | 2.96% | 27.03% | -19.72% | 16.12% |
GTSGX Madison Mid Cap Fund | -0.62% | 1.62% | 10.24% | 26.51% | -13.60% | 26.31% | 9.45% | 33.53% | -1.60% | 15.65% |
Correlation
The correlation between KMVAX and GTSGX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1998 | 0.87 |
The correlation between KMVAX and GTSGX shifts across timeframes, from 0.70 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KMVAX vs. GTSGX — Risk / Return Rank
KMVAX
GTSGX
KMVAX vs. GTSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kirr Marbach Partners Value Fund (KMVAX) and Madison Mid Cap Fund (GTSGX). 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.
| KMVAX | GTSGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.05 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 0.27 | +1.82 |
| Martin ratioReturn relative to average drawdown | 5.64 | 0.65 | +5.00 |
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Drawdowns
KMVAX vs. GTSGX - Drawdown Comparison
The maximum KMVAX drawdown since its inception was -65.81%, smaller than the maximum GTSGX drawdown of -73.82%. Use the drawdown chart below to compare losses from any high point for KMVAX and GTSGX.
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Drawdown Indicators
| KMVAX | GTSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.81% | -73.82% | +8.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -11.99% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -21.26% | -19.63% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -24.84% | -21.94% | -2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -45.41% | -38.25% | -7.16% |
Current DrawdownCurrent decline from peak | -1.14% | -6.49% | +5.35% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -29.65% | +19.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 5.06% | -1.28% |
Volatility
KMVAX vs. GTSGX - Volatility Comparison
Kirr Marbach Partners Value Fund (KMVAX) has a higher volatility of 4.93% compared to Madison Mid Cap Fund (GTSGX) at 4.06%. This indicates that KMVAX's price experiences larger fluctuations and is considered to be riskier than GTSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KMVAX | GTSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 4.06% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 12.06% | 10.41% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.10% | 14.84% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.45% | 17.46% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.17% | 18.10% | +2.07% |
KMVAX vs. GTSGX - Expense Ratio Comparison
KMVAX has a 1.45% expense ratio, which is higher than GTSGX's 0.95% expense ratio.
Dividends
KMVAX vs. GTSGX - Dividend Comparison
KMVAX's dividend yield for the trailing twelve months is around 4.65%, more than GTSGX's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTSGX Madison Mid Cap Fund | 3.39% | 3.37% | 5.76% | 1.25% | 1.96% | 4.38% | 3.43% | 3.74% | 7.57% | 3.58% | 4.34% | 6.09% |
KMVAX Kirr Marbach Partners Value Fund | 4.65% | 5.30% | 7.58% | 3.35% | 3.57% | 3.72% | 1.35% | 2.11% | 9.38% | 6.87% | 5.64% | 0.34% |
Frequently Asked Questions
KMVAX and GTSGX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMVAX has higher volatility (4.93%) compared to GTSGX (4.06%). In terms of maximum drawdown, KMVAX dropped -65.81% vs GTSGX's -73.82%.
KMVAX currently has the higher Sharpe Ratio (1.33 vs 0.22), 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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