MIIBX vs. TSDLX
MIIBX (Madison High Quality Bond Fund) and TSDLX (T. Rowe Price Short Duration Income Fund) are both Short-Term Bond funds. Over the past 5 years, MIIBX returned 0.84%/yr vs 4.53%/yr for TSDLX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. MIIBX charges 0.50%/yr vs 0.40%/yr for TSDLX.
Performance
MIIBX vs. TSDLX - Performance Comparison
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Returns By Period
In the year-to-date period, MIIBX achieves a -0.26% return, which is significantly lower than TSDLX's 1.24% return.
MIIBX
- 1D
- -0.29%
- 1M
- -0.48%
- 6M
- -0.26%
- YTD
- -0.26%
- 1Y
- 1.51%
- 3Y*
- 3.99%
- 5Y*
- 0.84%
- 10Y*
- 1.31%
- ALL TIME*
- 2.69%
TSDLX
- 1D
- -0.11%
- 1M
- -0.32%
- 6M
- 0.96%
- YTD
- 1.24%
- 1Y
- 3.62%
- 3Y*
- 8.32%
- 5Y*
- 4.53%
- 10Y*
- —
- ALL TIME*
- 4.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MIIBX vs. TSDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MIIBX Madison High Quality Bond Fund | -0.26% | 6.21% | 2.74% | 4.55% | -7.13% | -1.76% | 0.14% |
TSDLX T. Rowe Price Short Duration Income Fund | 1.24% | 7.65% | 10.89% | 9.91% | -5.69% | 0.77% | 0.10% |
Correlation
The correlation between MIIBX and TSDLX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2020 | 0.70 |
The correlation between MIIBX and TSDLX has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
MIIBX vs. TSDLX — Risk / Return Rank
MIIBX
TSDLX
MIIBX vs. TSDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison High Quality Bond Fund (MIIBX) and T. Rowe Price Short Duration Income Fund (TSDLX). 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.
| MIIBX | TSDLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.60 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 3.33 | -2.04 |
| Martin ratioReturn relative to average drawdown | 3.16 | 13.83 | -10.68 |
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Drawdowns
MIIBX vs. TSDLX - Drawdown Comparison
The maximum MIIBX drawdown since its inception was -11.12%, which is greater than TSDLX's maximum drawdown of -7.86%. Use the drawdown chart below to compare losses from any high point for MIIBX and TSDLX.
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Drawdown Indicators
| MIIBX | TSDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.12% | -7.86% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -1.26% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -2.33% | -1.26% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -10.53% | -7.86% | -2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -11.12% | — | — |
Current DrawdownCurrent decline from peak | -1.37% | -0.42% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -1.47% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.30% | +0.39% |
Volatility
MIIBX vs. TSDLX - Volatility Comparison
Madison High Quality Bond Fund (MIIBX) has a higher volatility of 0.65% compared to T. Rowe Price Short Duration Income Fund (TSDLX) at 0.42%. This indicates that MIIBX's price experiences larger fluctuations and is considered to be riskier than TSDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIIBX | TSDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.42% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 1.39% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 1.85% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 2.46% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.78% | 2.33% | +0.45% |
MIIBX vs. TSDLX - Expense Ratio Comparison
MIIBX has a 0.50% expense ratio, which is higher than TSDLX's 0.40% expense ratio.
Dividends
MIIBX vs. TSDLX - Dividend Comparison
MIIBX's dividend yield for the trailing twelve months is around 3.57%, less than TSDLX's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIIBX Madison High Quality Bond Fund | 3.57% | 3.34% | 3.02% | 2.17% | 1.23% | 1.54% | 1.28% | 1.87% | 1.73% | 1.41% | 1.23% | 1.35% |
TSDLX T. Rowe Price Short Duration Income Fund | 4.65% | 6.06% | 9.64% | 7.72% | 1.82% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MIIBX and TSDLX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIIBX has higher volatility (0.65%) compared to TSDLX (0.42%). In terms of maximum drawdown, MIIBX dropped -11.12% vs TSDLX's -7.86%.
TSDLX currently has the higher Sharpe Ratio (2.27 vs 0.96), 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.
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