MINVX vs. GTSGX
MINVX (Madison Investors Fund) and GTSGX (Madison Mid Cap Fund) are both mutual funds - MINVX is a Large Cap Blend Equities fund managed by Madison Funds, while GTSGX is a Mid Cap Blend Equities fund managed by Madison Funds. Over the past 10 years, MINVX returned 12.94%/yr vs 10.93%/yr for GTSGX. Their correlation of 0.84 suggests significant overlap in exposure. MINVX charges 0.91%/yr vs 0.95%/yr for GTSGX.
Performance
MINVX vs. GTSGX - Performance Comparison
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Returns By Period
In the year-to-date period, MINVX achieves a 5.64% return, which is significantly higher than GTSGX's -0.62% return. Over the past 10 years, MINVX has outperformed GTSGX with an annualized return of 12.94%, while GTSGX has yielded a comparatively lower 10.93% annualized return.
MINVX
- 1D
- -0.50%
- 1M
- 0.41%
- YTD
- 5.64%
- 6M
- 4.67%
- 1Y
- 9.47%
- 3Y*
- 12.62%
- 5Y*
- 9.12%
- 10Y*
- 12.94%
GTSGX
- 1D
- -0.25%
- 1M
- 2.37%
- YTD
- -0.62%
- 6M
- -1.78%
- 1Y
- 2.05%
- 3Y*
- 9.10%
- 5Y*
- 6.86%
- 10Y*
- 10.93%
MINVX vs. GTSGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MINVX Madison Investors Fund | 5.64% | 3.30% | 16.38% | 26.12% | -13.18% | 22.70% | 14.48% | 30.48% | 0.64% | 22.53% |
GTSGX Madison Mid Cap Fund | -0.62% | 1.62% | 10.24% | 26.51% | -13.60% | 26.31% | 9.45% | 33.53% | -1.60% | 15.65% |
Correlation
The correlation between MINVX and GTSGX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990 | 0.84 |
The correlation between MINVX and GTSGX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
MINVX vs. GTSGX — Risk / Return Rank
MINVX
GTSGX
MINVX vs. GTSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Investors Fund (MINVX) and Madison Mid Cap Fund (GTSGX). 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.
| MINVX | GTSGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.05 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 0.27 | +0.77 |
| Martin ratioReturn relative to average drawdown | 3.12 | 0.65 | +2.48 |
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Drawdowns
MINVX vs. GTSGX - Drawdown Comparison
The maximum MINVX drawdown since its inception was -52.40%, smaller than the maximum GTSGX drawdown of -73.82%. Use the drawdown chart below to compare losses from any high point for MINVX and GTSGX.
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Drawdown Indicators
| MINVX | GTSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -73.82% | +21.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -11.99% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -16.23% | -19.63% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -21.94% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -38.25% | +4.40% |
Current DrawdownCurrent decline from peak | -1.40% | -6.49% | +5.09% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -29.65% | +22.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 5.06% | -1.74% |
Volatility
MINVX vs. GTSGX - Volatility Comparison
Madison Investors Fund (MINVX) has a higher volatility of 4.36% compared to Madison Mid Cap Fund (GTSGX) at 4.06%. This indicates that MINVX's price experiences larger fluctuations and is considered to be riskier than GTSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINVX | GTSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.06% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 10.41% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.61% | 14.84% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 17.46% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 18.10% | -1.05% |
MINVX vs. GTSGX - Expense Ratio Comparison
MINVX has a 0.91% expense ratio, which is lower than GTSGX's 0.95% expense ratio.
Dividends
MINVX vs. GTSGX - Dividend Comparison
MINVX's dividend yield for the trailing twelve months is around 6.91%, more than GTSGX's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTSGX Madison Mid Cap Fund | 3.39% | 3.37% | 5.76% | 1.25% | 1.96% | 4.38% | 3.43% | 3.74% | 7.57% | 3.58% | 4.34% | 6.09% |
MINVX Madison Investors Fund | 6.91% | 7.30% | 6.09% | 8.18% | 6.64% | 7.82% | 9.86% | 6.02% | 18.77% | 5.91% | 3.31% | 16.40% |
Frequently Asked Questions
MINVX and GTSGX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MINVX has higher volatility (4.36%) compared to GTSGX (4.06%). In terms of maximum drawdown, MINVX dropped -52.40% vs GTSGX's -73.82%.
MINVX currently has the higher Sharpe Ratio (0.76 vs 0.22), 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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