Correlation
The correlation between MMDAX and VINIX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
MMDAX vs. VINIX
Compare and contrast key facts about Madison Moderate Allocation Fund (MMDAX) and Vanguard Institutional Index Fund Institutional Shares (VINIX).
MMDAX is managed by Madison Funds. It was launched on Jun 29, 2006. VINIX is managed by Vanguard. It was launched on Jul 31, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMDAX or VINIX.
Performance
MMDAX vs. VINIX - Performance Comparison
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Key characteristics
MMDAX:
0.60
VINIX:
0.73
MMDAX:
0.82
VINIX:
1.04
MMDAX:
1.12
VINIX:
1.15
MMDAX:
0.54
VINIX:
0.69
MMDAX:
2.32
VINIX:
2.61
MMDAX:
2.33%
VINIX:
4.93%
MMDAX:
10.29%
VINIX:
19.77%
MMDAX:
-43.12%
VINIX:
-55.19%
MMDAX:
-1.10%
VINIX:
-3.42%
Returns By Period
In the year-to-date period, MMDAX achieves a 2.24% return, which is significantly higher than VINIX's 1.05% return. Over the past 10 years, MMDAX has underperformed VINIX with an annualized return of 4.55%, while VINIX has yielded a comparatively higher 12.81% annualized return.
MMDAX
2.24%
2.52%
-0.84%
5.51%
4.31%
4.20%
4.55%
VINIX
1.05%
5.62%
-1.38%
13.46%
14.36%
15.90%
12.81%
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MMDAX vs. VINIX - Expense Ratio Comparison
MMDAX has a 0.71% expense ratio, which is higher than VINIX's 0.04% expense ratio.
Risk-Adjusted Performance
MMDAX vs. VINIX — Risk-Adjusted Performance Rank
MMDAX
VINIX
MMDAX vs. VINIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Moderate Allocation Fund (MMDAX) and Vanguard Institutional Index Fund Institutional Shares (VINIX). 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.
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Dividends
MMDAX vs. VINIX - Dividend Comparison
MMDAX's dividend yield for the trailing twelve months is around 3.62%, more than VINIX's 2.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMDAX Madison Moderate Allocation Fund | 3.62% | 3.70% | 2.15% | 1.39% | 8.46% | 9.23% | 3.96% | 9.05% | 5.13% | 4.36% | 7.00% | 7.12% |
VINIX Vanguard Institutional Index Fund Institutional Shares | 2.53% | 2.58% | 2.97% | 3.38% | 4.77% | 3.06% | 2.85% | 2.43% | 1.82% | 2.36% | 2.45% | 1.88% |
Drawdowns
MMDAX vs. VINIX - Drawdown Comparison
The maximum MMDAX drawdown since its inception was -43.12%, smaller than the maximum VINIX drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MMDAX and VINIX.
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Volatility
MMDAX vs. VINIX - Volatility Comparison
The current volatility for Madison Moderate Allocation Fund (MMDAX) is 2.71%, while Vanguard Institutional Index Fund Institutional Shares (VINIX) has a volatility of 4.77%. This indicates that MMDAX experiences smaller price fluctuations and is considered to be less risky than VINIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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