MERAX vs. QCGDX
MERAX (Madison Mid Cap A) and QCGDX (Quantified Common Ground Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, MERAX returned 6.41%/yr vs 9.08%/yr for QCGDX. A 0.75 correlation means they provide meaningful diversification when combined. MERAX charges 1.39%/yr vs 1.68%/yr for QCGDX.
Performance
MERAX vs. QCGDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MERAX achieves a -0.75% return, which is significantly lower than QCGDX's 16.84% return.
MERAX
- 1D
- -0.27%
- 1M
- 2.38%
- YTD
- -0.75%
- 6M
- -1.96%
- 1Y
- 1.74%
- 3Y*
- 8.67%
- 5Y*
- 6.41%
- 10Y*
- 10.46%
QCGDX
- 1D
- -0.06%
- 1M
- 0.63%
- YTD
- 16.84%
- 6M
- 16.10%
- 1Y
- 22.20%
- 3Y*
- 12.91%
- 5Y*
- 9.08%
- 10Y*
- —
MERAX vs. QCGDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MERAX Madison Mid Cap A | -0.75% | 1.21% | 9.80% | 25.84% | -13.94% | 25.72% | 9.00% | 0.28% |
QCGDX Quantified Common Ground Fund | 16.84% | 1.02% | 9.87% | 14.74% | -12.23% | 32.19% | 14.65% | 0.10% |
Correlation
The correlation between MERAX and QCGDX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2019 | 0.75 |
The correlation between MERAX and QCGDX shifts across timeframes, from 0.63 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MERAX vs. QCGDX — Risk / Return Rank
MERAX
QCGDX
MERAX vs. QCGDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Mid Cap A (MERAX) and Quantified Common Ground Fund (QCGDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MERAX | QCGDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 2.96 | -2.71 |
| Martin ratioReturn relative to average drawdown | 0.58 | 13.27 | -12.70 |
Loading charts...
Drawdowns
MERAX vs. QCGDX - Drawdown Comparison
The maximum MERAX drawdown since its inception was -73.13%, which is greater than QCGDX's maximum drawdown of -22.37%. Use the drawdown chart below to compare losses from any high point for MERAX and QCGDX.
Loading charts...
Drawdown Indicators
| MERAX | QCGDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.13% | -22.37% | -50.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.02% | -7.92% | -4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.78% | -16.10% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -22.10% | -20.18% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -38.26% | — | — |
Current DrawdownCurrent decline from peak | -6.62% | -1.40% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -25.34% | -6.10% | -19.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 1.76% | +3.33% |
Volatility
MERAX vs. QCGDX - Volatility Comparison
The current volatility for Madison Mid Cap A (MERAX) is 3.99%, while Quantified Common Ground Fund (QCGDX) has a volatility of 7.34%. This indicates that MERAX experiences smaller price fluctuations and is considered to be less risky than QCGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MERAX | QCGDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 7.34% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 11.31% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 13.58% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 14.98% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 16.61% | +1.45% |
MERAX vs. QCGDX - Expense Ratio Comparison
MERAX has a 1.39% expense ratio, which is lower than QCGDX's 1.68% expense ratio.
Dividends
MERAX vs. QCGDX - Dividend Comparison
MERAX's dividend yield for the trailing twelve months is around 3.42%, more than QCGDX's 0.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MERAX Madison Mid Cap A | 3.42% | 3.39% | 5.74% | 1.21% | 2.11% | 4.66% | 3.65% | 3.96% | 7.92% | 3.73% | 4.50% | 6.29% |
QCGDX Quantified Common Ground Fund | 0.59% | 0.69% | 4.42% | 0.22% | 0.00% | 5.44% | 1.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MERAX and QCGDX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCGDX has higher volatility (7.34%) compared to MERAX (3.99%). In terms of maximum drawdown, MERAX dropped -73.13% vs QCGDX's -22.37%.
QCGDX currently has the higher Sharpe Ratio (1.73 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for MERAX and QCGDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer