MCNAX vs. LQD
Compare and contrast key facts about Madison Conservative Allocation Fund (MCNAX) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
MCNAX is managed by Madison Funds. It was launched on Jun 29, 2006. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MCNAX or LQD.
Correlation
The correlation between MCNAX and LQD is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MCNAX vs. LQD - Performance Comparison
Key characteristics
MCNAX:
1.38
LQD:
0.71
MCNAX:
1.97
LQD:
1.05
MCNAX:
1.25
LQD:
1.12
MCNAX:
0.52
LQD:
0.31
MCNAX:
5.58
LQD:
1.94
MCNAX:
1.27%
LQD:
2.50%
MCNAX:
5.14%
LQD:
6.83%
MCNAX:
-27.76%
LQD:
-24.95%
MCNAX:
-6.97%
LQD:
-9.99%
Returns By Period
In the year-to-date period, MCNAX achieves a 2.18% return, which is significantly higher than LQD's 1.33% return. Over the past 10 years, MCNAX has underperformed LQD with an annualized return of 0.90%, while LQD has yielded a comparatively higher 2.22% annualized return.
MCNAX
2.18%
1.03%
1.32%
7.18%
-0.19%
0.90%
LQD
1.33%
0.80%
-1.18%
4.77%
-0.64%
2.22%
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MCNAX vs. LQD - Expense Ratio Comparison
MCNAX has a 0.71% expense ratio, which is higher than LQD's 0.15% expense ratio.
Risk-Adjusted Performance
MCNAX vs. LQD — Risk-Adjusted Performance Rank
MCNAX
LQD
MCNAX vs. LQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Conservative Allocation Fund (MCNAX) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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.
Dividends
MCNAX vs. LQD - Dividend Comparison
MCNAX's dividend yield for the trailing twelve months is around 2.76%, less than LQD's 4.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCNAX Madison Conservative Allocation Fund | 2.76% | 2.82% | 2.41% | 1.48% | 1.78% | 2.00% | 1.77% | 2.37% | 1.71% | 1.97% | 1.32% | 1.58% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.40% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% |
Drawdowns
MCNAX vs. LQD - Drawdown Comparison
The maximum MCNAX drawdown since its inception was -27.76%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for MCNAX and LQD. For additional features, visit the drawdowns tool.
Volatility
MCNAX vs. LQD - Volatility Comparison
The current volatility for Madison Conservative Allocation Fund (MCNAX) is 1.33%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 1.74%. This indicates that MCNAX experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.