KOMP vs. MAGSX

Last updated Jul 15, 2026

KOMP (SPDR S&P Kensho New Economies Composite ETF) and MAGSX (Madison Aggressive Allocation Fund Class A) are both funds - KOMP is a Mid Cap Growth Equities fund tracking the S&P Kensho New Economies Composite Index, while MAGSX is a Diversified Portfolio fund managed by Madison Funds. Over the past 5 years, KOMP returned 3.05%/yr vs 5.22%/yr for MAGSX. Their correlation of 0.84 suggests significant overlap in exposure. KOMP charges 0.20%/yr vs 1.00%/yr for MAGSX.

Performance

KOMP vs. MAGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Kensho New Economies Composite ETF (KOMP) and Madison Aggressive Allocation Fund Class A (MAGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KOMP achieves a 13.78% return, which is significantly higher than MAGSX's 10.89% return.

KOMP

• 1D: 1.01%
• 1M: -3.65%
• 6M: 4.05%
• YTD: 13.78%
• 1Y: 23.28%
• 3Y*: 14.51%
• 5Y*: 3.05%
• 10Y*: —

MAGSX

• 1D: -0.74%
• 1M: 0.30%
• 6M: 8.10%
• YTD: 10.89%
• 1Y: 17.58%
• 3Y*: 11.36%
• 5Y*: 5.22%
• 10Y*: 7.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KOMP vs. MAGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KOMP SPDR S&P Kensho New Economies Composite ETF	13.78%	19.74%	10.05%	20.09%	-32.21%	3.67%	61.28%	37.12%	-10.32%
MAGSX Madison Aggressive Allocation Fund Class A	10.89%	12.48%	6.46%	12.32%	-15.38%	9.50%	9.65%	19.21%	-5.13%

Correlation

The correlation between KOMP and MAGSX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 23, 2018	0.84

The correlation between KOMP and MAGSX has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

Return for Risk

KOMP vs. MAGSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KOMP

KOMP Risk / Return Rank: 33
KOMP Sharpe Ratio Rank: 31
KOMP Sortino Ratio Rank: 30
KOMP Omega Ratio Rank: 29
KOMP Calmar Ratio Rank: 37
KOMP Martin Ratio Rank: 36

MAGSX

MAGSX Risk / Return Rank: 49
MAGSX Sharpe Ratio Rank: 50
MAGSX Sortino Ratio Rank: 50
MAGSX Omega Ratio Rank: 48
MAGSX Calmar Ratio Rank: 45
MAGSX Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KOMP vs. MAGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho New Economies Composite ETF (KOMP) and Madison Aggressive Allocation Fund Class A (MAGSX). 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.

	KOMP	MAGSX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.57	-0.64
Sortino ratio: Return per unit of downside risk	1.37	2.26	-0.88
Omega ratio: Gain probability vs. loss probability	1.17	1.28	-0.12
Calmar ratio: Return relative to maximum drawdown	1.51	2.06	-0.55
Martin ratio: Return relative to average drawdown	4.35	8.59	-4.24

KOMP vs. MAGSX - Sharpe Ratio Comparison

The current KOMP Sharpe Ratio is 0.93, which is lower than the MAGSX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of KOMP and MAGSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KOMP vs. MAGSX - Drawdown Comparison

The maximum KOMP drawdown since its inception was -50.06%, smaller than the maximum MAGSX drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for KOMP and MAGSX.

Drawdown Indicators

	KOMP	MAGSX	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-56.06%	+6.00%
Max Drawdown (1Y) Largest decline over 1 year	-15.50%	-8.63%	-6.87%
Max Drawdown (3Y) Largest decline over 3 years	-24.93%	-15.35%	-9.58%
Max Drawdown (5Y) Largest decline over 5 years	-45.38%	-21.13%	-24.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.20%	—
Current Drawdown Current decline from peak	-9.83%	-0.89%	-8.94%
Average Drawdown Average peak-to-trough decline	-21.48%	-9.42%	-12.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.37%	2.06%	+3.31%

Volatility

KOMP vs. MAGSX - Volatility Comparison

SPDR S&P Kensho New Economies Composite ETF (KOMP) has a higher volatility of 7.29% compared to Madison Aggressive Allocation Fund Class A (MAGSX) at 3.66%. This indicates that KOMP's price experiences larger fluctuations and is considered to be riskier than MAGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KOMP	MAGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.29%	3.66%	+3.63%
Volatility (6M) Calculated over the trailing 6-month period	20.02%	9.46%	+10.56%
Volatility (1Y) Calculated over the trailing 1-year period	25.19%	11.31%	+13.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.17%	12.30%	+12.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.12%	13.06%	+14.06%

KOMP vs. MAGSX - Expense Ratio Comparison

KOMP has a 0.20% expense ratio, which is lower than MAGSX's 1.00% expense ratio.

Dividends

KOMP vs. MAGSX - Dividend Comparison

KOMP's dividend yield for the trailing twelve months is around 1.53%, less than MAGSX's 5.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KOMP SPDR S&P Kensho New Economies Composite ETF	1.53%	1.84%	1.04%	1.27%	1.47%	1.44%	0.69%	0.81%	0.13%	0.00%	0.00%	0.00%
MAGSX Madison Aggressive Allocation Fund Class A	5.56%	6.17%	2.02%	1.89%	1.26%	9.97%	8.66%	5.42%	10.79%	5.89%	3.82%	9.57%

Frequently Asked Questions

Can I hold both KOMP and MAGSX in my portfolio?

KOMP and MAGSX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KOMP or MAGSX?

KOMP has higher volatility (7.29%) compared to MAGSX (3.66%). In terms of maximum drawdown, KOMP dropped -50.06% vs MAGSX's -56.06%.

Which has better risk-adjusted returns?

MAGSX currently has the higher Sharpe Ratio (1.57 vs 0.93), 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.