MINVX vs. MBOAX
MINVX (Madison Investors Fund) and MBOAX (Madison Core Bond Fund) are both mutual funds - MINVX is a Large Cap Blend Equities fund managed by Madison, while MBOAX is a Intermediate Core Bond fund managed by Madison. Over the past 10 years, MINVX returned 12.45%/yr vs 1.30%/yr for MBOAX. Their -0.13 correlation means they have often moved in opposite directions in the past. MINVX charges 0.91%/yr vs 0.85%/yr for MBOAX.
Performance
MINVX vs. MBOAX - Performance Comparison
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Returns By Period
In the year-to-date period, MINVX achieves a 7.64% return, which is significantly higher than MBOAX's -1.45% return. Over the past 10 years, MINVX has outperformed MBOAX with an annualized return of 12.45%, while MBOAX has yielded a comparatively lower 1.30% annualized return.
MINVX
- 1D
- 1.41%
- 1M
- 0.77%
- 6M
- 2.24%
- YTD
- 7.64%
- 1Y
- 14.22%
- 3Y*
- 10.72%
- 5Y*
- 8.64%
- 10Y*
- 12.45%
- ALL TIME*
- 8.18%
MBOAX
- 1D
- -0.78%
- 1M
- -1.76%
- 6M
- -1.49%
- YTD
- -1.45%
- 1Y
- 1.09%
- 3Y*
- 3.60%
- 5Y*
- -0.63%
- 10Y*
- 1.30%
- ALL TIME*
- 2.98%
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 |
MINVX vs. MBOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MINVX Madison Investors Fund | 7.64% | 3.30% | 16.38% | 26.12% | -13.18% | 22.70% | 14.48% | 30.48% | 0.64% | 22.53% |
MBOAX Madison Core Bond Fund | -1.45% | 6.96% | 1.14% | 5.63% | -12.82% | -1.85% | 9.22% | 8.31% | -0.98% | 3.02% |
Correlation
The correlation between MINVX and MBOAX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 1997 | -0.13 |
The correlation between MINVX and MBOAX shifts across timeframes, from -0.13 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MINVX vs. MBOAX — Risk / Return Rank
MINVX
MBOAX
MINVX vs. MBOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Investors Fund (MINVX) and Madison Core Bond Fund (MBOAX). 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 | MBOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.08 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.57 | +0.67 |
| Martin ratioReturn relative to average drawdown | 4.71 | 1.48 | +3.23 |
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Drawdowns
MINVX vs. MBOAX - Drawdown Comparison
The maximum MINVX drawdown since its inception was -52.40%, which is greater than MBOAX's maximum drawdown of -17.78%. Use the drawdown chart below to compare losses from any high point for MINVX and MBOAX.
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Drawdown Indicators
| MINVX | MBOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -17.78% | -34.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -3.11% | -6.89% |
Max Drawdown (3Y)Largest decline over 3 years | -16.23% | -5.07% | -11.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -17.40% | -4.06% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -17.78% | -16.07% |
Current DrawdownCurrent decline from peak | 0.00% | -3.64% | +3.64% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -2.36% | -5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 1.19% | +1.43% |
Volatility
MINVX vs. MBOAX - Volatility Comparison
Madison Investors Fund (MINVX) has a higher volatility of 3.51% compared to Madison Core Bond Fund (MBOAX) at 1.23%. This indicates that MINVX's price experiences larger fluctuations and is considered to be riskier than MBOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINVX | MBOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 1.23% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 3.02% | +7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 3.79% | +9.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 5.62% | +10.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 4.66% | +12.35% |
MINVX vs. MBOAX - Expense Ratio Comparison
MINVX has a 0.91% expense ratio, which is higher than MBOAX's 0.85% expense ratio.
Dividends
MINVX vs. MBOAX - Dividend Comparison
MINVX's dividend yield for the trailing twelve months is around 6.78%, more than MBOAX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBOAX Madison Core Bond Fund | 3.28% | 3.39% | 3.27% | 2.73% | 1.88% | 1.85% | 3.77% | 2.42% | 2.48% | 2.28% | 2.72% | 4.60% |
MINVX Madison Investors Fund | 6.78% | 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 MBOAX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MINVX has higher volatility (3.51%) compared to MBOAX (1.23%). In terms of maximum drawdown, MINVX dropped -52.40% vs MBOAX's -17.78%.
MINVX currently has the higher Sharpe Ratio (0.90 vs 0.47), 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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