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 0.05, 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
Loading data...
Key characteristics
MCNAX:
0.70
LQD:
0.60
MCNAX:
1.06
LQD:
0.86
MCNAX:
1.14
LQD:
1.10
MCNAX:
0.38
LQD:
0.30
MCNAX:
2.92
LQD:
1.59
MCNAX:
1.58%
LQD:
2.74%
MCNAX:
6.45%
LQD:
7.49%
MCNAX:
-27.76%
LQD:
-24.95%
MCNAX:
-7.83%
LQD:
-10.00%
Returns By Period
In the year-to-date period, MCNAX achieves a 1.24% return, which is significantly lower than LQD's 1.32% return. Over the past 10 years, MCNAX has underperformed LQD with an annualized return of 0.82%, while LQD has yielded a comparatively higher 2.46% annualized return.
MCNAX
1.24%
3.41%
-0.49%
4.62%
0.09%
0.82%
LQD
1.32%
1.70%
-0.76%
4.79%
0.17%
2.46%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Loading data...
Dividends
MCNAX vs. LQD - Dividend Comparison
MCNAX's dividend yield for the trailing twelve months is around 2.76%, less than LQD's 4.50% 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 | 4.50% | 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.
Loading data...
Volatility
MCNAX vs. LQD - Volatility Comparison
The current volatility for Madison Conservative Allocation Fund (MCNAX) is 2.38%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 2.79%. 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.
Loading data...