MENYX vs. GTFHX
Compare and contrast key facts about Madison Covered Call & Equity Income Fund (MENYX) and Madison Tax-Free National Fund (GTFHX).
MENYX is managed by Madison Funds. It was launched on Oct 29, 2009. GTFHX is managed by Madison Funds. It was launched on Dec 29, 1982.
Performance
MENYX vs. GTFHX - Performance Comparison
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MENYX vs. GTFHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MENYX Madison Covered Call & Equity Income Fund | 3.70% | 6.69% | 2.79% | 10.66% | 5.06% | 18.71% | 12.65% | 15.76% | -6.01% | 7.57% |
GTFHX Madison Tax-Free National Fund | -0.51% | 3.91% | 0.43% | 4.00% | -6.21% | 0.02% | 4.20% | 6.64% | 0.87% | 3.03% |
Returns By Period
In the year-to-date period, MENYX achieves a 3.70% return, which is significantly higher than GTFHX's -0.51% return. Over the past 10 years, MENYX has outperformed GTFHX with an annualized return of 8.17%, while GTFHX has yielded a comparatively lower 1.39% annualized return.
MENYX
- 1D
- -0.63%
- 1M
- -2.25%
- YTD
- 3.70%
- 6M
- 3.96%
- 1Y
- 12.79%
- 3Y*
- 6.04%
- 5Y*
- 6.99%
- 10Y*
- 8.17%
GTFHX
- 1D
- 0.00%
- 1M
- -1.76%
- YTD
- -0.51%
- 6M
- 0.81%
- 1Y
- 3.17%
- 3Y*
- 1.97%
- 5Y*
- 0.42%
- 10Y*
- 1.39%
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MENYX vs. GTFHX - Expense Ratio Comparison
MENYX has a 1.01% expense ratio, which is higher than GTFHX's 0.76% expense ratio.
Return for Risk
MENYX vs. GTFHX — Risk / Return Rank
MENYX
GTFHX
MENYX vs. GTFHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call & Equity Income Fund (MENYX) and Madison Tax-Free National Fund (GTFHX). 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.
| MENYX | GTFHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.01 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.35 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.03 | +0.11 |
Martin ratioReturn relative to average drawdown | 5.42 | 4.11 | +1.31 |
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
| MENYX | GTFHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.01 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.15 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.43 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.14 | -0.54 |
Correlation
The correlation between MENYX and GTFHX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MENYX vs. GTFHX - Dividend Comparison
MENYX's dividend yield for the trailing twelve months is around 6.75%, more than GTFHX's 2.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MENYX Madison Covered Call & Equity Income Fund | 6.75% | 8.52% | 7.83% | 7.71% | 6.98% | 6.48% | 6.34% | 7.07% | 9.82% | 7.64% | 6.74% | 7.48% |
GTFHX Madison Tax-Free National Fund | 2.42% | 2.51% | 2.23% | 1.99% | 2.54% | 2.58% | 1.84% | 2.78% | 2.65% | 2.63% | 3.06% | 2.99% |
Drawdowns
MENYX vs. GTFHX - Drawdown Comparison
The maximum MENYX drawdown since its inception was -28.38%, which is greater than GTFHX's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for MENYX and GTFHX.
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Drawdown Indicators
| MENYX | GTFHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.38% | -13.88% | -14.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -3.59% | -8.07% |
Max Drawdown (5Y)Largest decline over 5 years | -16.14% | -10.49% | -5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -28.38% | -10.49% | -17.89% |
Current DrawdownCurrent decline from peak | -3.44% | -1.96% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -1.84% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 0.90% | +1.55% |
Volatility
MENYX vs. GTFHX - Volatility Comparison
Madison Covered Call & Equity Income Fund (MENYX) has a higher volatility of 2.62% compared to Madison Tax-Free National Fund (GTFHX) at 0.76%. This indicates that MENYX's price experiences larger fluctuations and is considered to be riskier than GTFHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MENYX | GTFHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 0.76% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 7.30% | 1.09% | +6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 3.47% | +11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.40% | 2.87% | +8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 3.23% | +10.20% |