MIIBX vs. GTFHX
Compare and contrast key facts about Madison High Quality Bond Fund (MIIBX) and Madison Tax-Free National Fund (GTFHX).
MIIBX is managed by Madison Funds. It was launched on May 1, 2000. GTFHX is managed by Madison Funds. It was launched on Dec 29, 1982.
Performance
MIIBX vs. GTFHX - Performance Comparison
Loading graphics...
MIIBX vs. GTFHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIIBX Madison High Quality Bond Fund | -0.85% | 6.21% | 2.74% | 4.55% | -7.13% | -1.76% | 4.50% | 4.54% | 0.91% | 1.14% |
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, MIIBX achieves a -0.85% return, which is significantly lower than GTFHX's -0.51% return. Both investments have delivered pretty close results over the past 10 years, with MIIBX having a 1.33% annualized return and GTFHX not far ahead at 1.39%.
MIIBX
- 1D
- -0.76%
- 1M
- -1.59%
- YTD
- -0.85%
- 6M
- -0.06%
- 1Y
- 2.73%
- 3Y*
- 3.60%
- 5Y*
- 0.93%
- 10Y*
- 1.33%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MIIBX vs. GTFHX - Expense Ratio Comparison
MIIBX has a 0.50% expense ratio, which is lower than GTFHX's 0.76% expense ratio.
Return for Risk
MIIBX vs. GTFHX — Risk / Return Rank
MIIBX
GTFHX
MIIBX vs. GTFHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison High Quality Bond Fund (MIIBX) 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.
| MIIBX | GTFHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.01 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.35 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.03 | +0.51 |
Martin ratioReturn relative to average drawdown | 6.62 | 4.11 | +2.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MIIBX | GTFHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.01 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.15 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.43 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 1.14 | -0.18 |
Correlation
The correlation between MIIBX and GTFHX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MIIBX vs. GTFHX - Dividend Comparison
MIIBX's dividend yield for the trailing twelve months is around 2.63%, more than GTFHX's 2.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIIBX Madison High Quality Bond Fund | 2.63% | 3.34% | 3.02% | 2.17% | 1.23% | 1.54% | 1.28% | 1.87% | 1.73% | 1.41% | 1.23% | 1.35% |
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
MIIBX vs. GTFHX - Drawdown Comparison
The maximum MIIBX drawdown since its inception was -11.12%, smaller than the maximum GTFHX drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for MIIBX and GTFHX.
Loading graphics...
Drawdown Indicators
| MIIBX | GTFHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.12% | -13.88% | +2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.96% | -3.59% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -10.69% | -10.49% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -11.12% | -10.49% | -0.63% |
Current DrawdownCurrent decline from peak | -1.96% | -1.96% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -1.84% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.90% | -0.44% |
Volatility
MIIBX vs. GTFHX - Volatility Comparison
Madison High Quality Bond Fund (MIIBX) has a higher volatility of 1.17% compared to Madison Tax-Free National Fund (GTFHX) at 0.76%. This indicates that MIIBX'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.
Loading graphics...
Volatility by Period
| MIIBX | GTFHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.76% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 1.09% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.70% | 3.47% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 2.87% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 3.23% | -0.46% |