MBLAX vs. BVAOX
Compare and contrast key facts about Madison Diversified Income Fund (MBLAX) and Madison Small Cap Fund (BVAOX).
MBLAX is managed by Madison Funds. It was launched on Dec 28, 1997. BVAOX is managed by Madison Funds. It was launched on Dec 16, 1996.
Performance
MBLAX vs. BVAOX - Performance Comparison
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MBLAX vs. BVAOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MBLAX Madison Diversified Income Fund | 1.38% | 6.70% | 4.80% | 3.38% | -7.99% | 14.42% | 7.57% | 19.28% | -1.22% | 12.84% |
BVAOX Madison Small Cap Fund | -2.62% | -7.16% | 21.83% | 16.06% | -24.38% | 20.38% | 23.06% | -49.49% | -12.21% | -2.21% |
Returns By Period
In the year-to-date period, MBLAX achieves a 1.38% return, which is significantly higher than BVAOX's -2.62% return. Over the past 10 years, MBLAX has outperformed BVAOX with an annualized return of 6.41%, while BVAOX has yielded a comparatively lower -3.00% annualized return.
MBLAX
- 1D
- 0.23%
- 1M
- -3.05%
- YTD
- 1.38%
- 6M
- 2.20%
- 1Y
- 6.94%
- 3Y*
- 5.75%
- 5Y*
- 3.47%
- 10Y*
- 6.41%
BVAOX
- 1D
- -0.64%
- 1M
- -9.35%
- YTD
- -2.62%
- 6M
- -3.17%
- 1Y
- -0.63%
- 3Y*
- 6.55%
- 5Y*
- 0.46%
- 10Y*
- -3.00%
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MBLAX vs. BVAOX - Expense Ratio Comparison
MBLAX has a 1.11% expense ratio, which is higher than BVAOX's 1.10% expense ratio.
Return for Risk
MBLAX vs. BVAOX — Risk / Return Rank
MBLAX
BVAOX
MBLAX vs. BVAOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Diversified Income Fund (MBLAX) and Madison Small Cap Fund (BVAOX). 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.
| MBLAX | BVAOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | -0.04 | +1.08 |
Sortino ratioReturn per unit of downside risk | 1.51 | 0.11 | +1.39 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.01 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.22 | +1.43 |
Martin ratioReturn relative to average drawdown | 5.53 | -0.65 | +6.18 |
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
| MBLAX | BVAOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | -0.04 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.02 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | -0.11 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.24 | +0.34 |
Correlation
The correlation between MBLAX and BVAOX is 0.77, 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
MBLAX vs. BVAOX - Dividend Comparison
MBLAX's dividend yield for the trailing twelve months is around 3.97%, less than BVAOX's 10.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBLAX Madison Diversified Income Fund | 3.97% | 4.92% | 7.37% | 15.29% | 8.09% | 12.04% | 2.77% | 6.69% | 10.66% | 3.14% | 5.38% | 4.00% |
BVAOX Madison Small Cap Fund | 10.33% | 10.06% | 9.63% | 0.29% | 5.51% | 28.31% | 6.63% | 19.91% | 25.09% | 0.00% | 4.73% | 9.18% |
Drawdowns
MBLAX vs. BVAOX - Drawdown Comparison
The maximum MBLAX drawdown since its inception was -26.64%, smaller than the maximum BVAOX drawdown of -75.76%. Use the drawdown chart below to compare losses from any high point for MBLAX and BVAOX.
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Drawdown Indicators
| MBLAX | BVAOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.64% | -75.76% | +49.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -13.90% | +8.24% |
Max Drawdown (5Y)Largest decline over 5 years | -23.81% | -32.32% | +8.51% |
Max Drawdown (10Y)Largest decline over 10 years | -23.81% | -75.76% | +51.95% |
Current DrawdownCurrent decline from peak | -3.05% | -43.44% | +40.39% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -20.70% | +15.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 4.73% | -3.49% |
Volatility
MBLAX vs. BVAOX - Volatility Comparison
The current volatility for Madison Diversified Income Fund (MBLAX) is 1.79%, while Madison Small Cap Fund (BVAOX) has a volatility of 5.77%. This indicates that MBLAX experiences smaller price fluctuations and is considered to be less risky than BVAOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBLAX | BVAOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 5.77% | -3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 12.85% | -9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.99% | 22.92% | -15.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 20.41% | -9.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.94% | 28.21% | -17.27% |