MCNAX vs. BHBFX
Compare and contrast key facts about Madison Conservative Allocation Fund (MCNAX) and Madison Dividend Income Fund (BHBFX).
MCNAX is managed by Madison Funds. It was launched on Jun 29, 2006. BHBFX is managed by Madison Funds. It was launched on Dec 18, 1986.
Performance
MCNAX vs. BHBFX - Performance Comparison
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MCNAX vs. BHBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCNAX Madison Conservative Allocation Fund | -0.98% | 9.31% | 4.55% | 7.96% | -13.79% | 2.97% | 9.16% | 12.44% | -2.98% | 9.68% |
BHBFX Madison Dividend Income Fund | 5.30% | 8.19% | 7.62% | 1.76% | -5.50% | 22.82% | 6.34% | 25.17% | -0.81% | 19.94% |
Returns By Period
In the year-to-date period, MCNAX achieves a -0.98% return, which is significantly lower than BHBFX's 5.30% return. Over the past 10 years, MCNAX has underperformed BHBFX with an annualized return of 3.78%, while BHBFX has yielded a comparatively higher 9.64% annualized return.
MCNAX
- 1D
- 0.80%
- 1M
- -3.61%
- YTD
- -0.98%
- 6M
- 0.45%
- 1Y
- 6.69%
- 3Y*
- 5.72%
- 5Y*
- 1.76%
- 10Y*
- 3.78%
BHBFX
- 1D
- 0.39%
- 1M
- -4.54%
- YTD
- 5.30%
- 6M
- 5.23%
- 1Y
- 10.83%
- 3Y*
- 8.48%
- 5Y*
- 6.03%
- 10Y*
- 9.64%
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MCNAX vs. BHBFX - Expense Ratio Comparison
MCNAX has a 0.71% expense ratio, which is lower than BHBFX's 0.91% expense ratio.
Return for Risk
MCNAX vs. BHBFX — Risk / Return Rank
MCNAX
BHBFX
MCNAX vs. BHBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Conservative Allocation Fund (MCNAX) and Madison Dividend Income Fund (BHBFX). 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.
| MCNAX | BHBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.73 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.10 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.05 | +0.34 |
Martin ratioReturn relative to average drawdown | 5.49 | 4.24 | +1.25 |
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
| MCNAX | BHBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.73 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.39 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.56 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.76 | -0.21 |
Correlation
The correlation between MCNAX and BHBFX is 0.76, 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
MCNAX vs. BHBFX - Dividend Comparison
MCNAX's dividend yield for the trailing twelve months is around 2.37%, less than BHBFX's 11.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCNAX Madison Conservative Allocation Fund | 2.37% | 2.63% | 2.81% | 2.40% | 1.49% | 6.65% | 7.32% | 3.75% | 5.24% | 4.24% | 3.43% | 4.51% |
BHBFX Madison Dividend Income Fund | 11.38% | 12.41% | 14.14% | 6.01% | 9.39% | 11.53% | 1.53% | 3.95% | 12.73% | 3.89% | 3.76% | 6.06% |
Drawdowns
MCNAX vs. BHBFX - Drawdown Comparison
The maximum MCNAX drawdown since its inception was -27.65%, smaller than the maximum BHBFX drawdown of -34.07%. Use the drawdown chart below to compare losses from any high point for MCNAX and BHBFX.
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Drawdown Indicators
| MCNAX | BHBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.65% | -34.07% | +6.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -11.04% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -22.20% | -23.80% | +1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -22.20% | -32.34% | +10.14% |
Current DrawdownCurrent decline from peak | -4.16% | -4.79% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -3.71% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.75% | -1.45% |
Volatility
MCNAX vs. BHBFX - Volatility Comparison
The current volatility for Madison Conservative Allocation Fund (MCNAX) is 2.84%, while Madison Dividend Income Fund (BHBFX) has a volatility of 3.08%. This indicates that MCNAX experiences smaller price fluctuations and is considered to be less risky than BHBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCNAX | BHBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 3.08% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 7.45% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 14.32% | -7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 15.58% | -8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 17.32% | -10.53% |