ELD vs MCN

Comparison between WisdomTree Emerging Market Local Debt Fund (ELD, ETF) and Madison Covered Call & Equity Strategy Fund (MCN, ETF).

5-Year PerformanceMCN has outperformed ELD, delivering a return of +2.9% compared to +2.5%

ELD vs MCN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ELD(ETF)	MCN(ETF)
Net Assets	$135M	$135M
Expense Ratio	0.55%	N/A
Max Drawdown	56.01%	75.11%
Sharpe Ratio	0.86	0.10
5Y Beta	0.20	0.52
5Y Dividends CAGR	0.92%	1.61%

Net Assets

Winner

ELD

$135M

MCN

$135M

Expense Ratio

ELD

0.55%

MCN

N/A

Max Drawdown

Winner

ELD

56.01%

MCN

75.11%

Sharpe Ratio

Winner

ELD

0.86

MCN

0.10

5Y Beta

Winner

ELD

0.20

MCN

0.52

5Y Dividends CAGR

ELD

0.92%

Winner

MCN

1.61%

ELD vs MCN - Historical Returns

Returns include dividend reinvestment.

Period	ELD	MCN
1 month	+0.60%	-1.70%
3 months	+3.09%	+0.32%
6 months	+2.95%	+3.18%
1 year	+10.90%	+3.13%
5 years(CAGR)	+2.53%	+2.86%
10 years(CAGR)	+2.94%	+7.88%
Max(CAGR)	+1.35%	+5.47%

Winner

ELD

+0.60%

MCN

-1.70%

Winner

ELD

+3.09%

MCN

+0.32%

ELD

+2.95%

Winner

MCN

+3.18%

Winner

ELD

+10.90%

MCN

+3.13%

5Y(CAGR)

ELD

+2.53%

Winner

MCN

+2.86%

10Y(CAGR)

ELD

+2.94%

Winner

MCN

+7.88%

Max(CAGR)

ELD

+1.35%

Winner

MCN

+5.47%

ELD vs MCN - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	ELD	MCN
2026	+1.77%	-0.38%
2025	+21.18%	+0.20%
2024	-3.40%	-0.33%
2023	+14.88%	+8.02%
2022	-9.09%	+6.33%
2021	-9.77%	+30.38%
2020	+1.78%	+14.91%
2019	+12.49%	+17.28%
2018	-8.57%	-12.21%
2017	+13.54%	+9.80%
2016	+10.57%	+14.94%
2015	-12.81%	-0.75%
2014	-5.11%	+9.41%
2013	-11.17%	+14.32%
2012	+13.27%	+12.18%
2011	-2.36%	-10.59%
2010	+4.72%	+10.23%
2009	N/A	+54.72%
2008	N/A	-38.79%
2007	N/A	-16.23%
2006	N/A	+12.53%
2005	N/A	+7.26%
2004	N/A	+1.32%

ELD vs MCN Drawdown Comparison

The maximum drawdown for ELD was -31.92%, occurring on Jan 20, 2016. Recovery took 3163 trading sessions.

The maximum drawdown for MCN was -65.08%, occurring on Mar 9, 2009. Recovery took 1641 trading sessions.

The current ELD drawdown is -1.81%. The current MCN drawdown is -5.79%.

Rank	ELD	MCN
#1	-31.92% May 8, 2013 - Dec 3, 2025	-65.08% Apr 25, 2007 - Oct 29, 2013
#2	-12.91% Aug 1, 2011 - Sep 13, 2012	-38.60% Jan 15, 2020 - Nov 9, 2020
#3	-7.15% Feb 13, 2026 - Mar 27, 2026	-24.48% Jun 28, 2024 - Apr 7, 2025
#4	-5.51% Nov 4, 2010 - Apr 8, 2011	-22.86% Oct 1, 2018 - Jan 15, 2020
#5	-2.42% Apr 29, 2011 - Jul 1, 2011	-19.57% Sep 9, 2022 - Jan 11, 2023
#6	-2.11% Oct 14, 2010 - Nov 4, 2010	-18.33% Jan 12, 2022 - Sep 8, 2022
#7	-1.33% Jan 27, 2026 - Feb 13, 2026	-17.00% Apr 27, 2023 - Jun 28, 2024
#8	-1.33% Feb 19, 2013 - Apr 9, 2013	-15.90% May 21, 2015 - May 27, 2016
#9	-1.19% Jul 8, 2011 - Jul 20, 2011	-11.23% Aug 17, 2005 - Sep 25, 2006
#10	-1.00% Jan 17, 2013 - Feb 19, 2013	-9.01% Jul 10, 2014 - May 20, 2015
#11	-0.98% Dec 3, 2025 - Dec 11, 2025	-8.74% Sep 13, 2021 - Dec 10, 2021
#12	-0.97% Oct 4, 2012 - Oct 16, 2012	-8.15% Dec 10, 2021 - Jan 11, 2022
#13	-0.95% Sep 14, 2012 - Oct 4, 2012	-8.12% Jan 24, 2018 - Jul 2, 2018
#14	-0.90% Apr 15, 2011 - Apr 20, 2011	-5.66% Jun 11, 2021 - Jul 13, 2021
#15	-0.89% Apr 11, 2013 - Apr 26, 2013	-5.47% Oct 5, 2017 - Dec 28, 2017

Correlation

Correlation between ELD and MCN is 0.07 which considered as a very weak or no correlation - the stocks move independently of each other.

0.07

-101

Dividend Comparison (2004 - 2026)

ELD vs MCN dividend yield comparison.

Year	ELD	MCN
2026	2.50%	5.22%
2025	5.38%	12.00%
2024	5.75%	10.73%
2023	4.85%	9.56%
2022	5.29%	9.29%
2021	4.98%	8.98%
2020	4.70%	10.67%
2019	4.92%	10.86%
2018	6.30%	11.69%
2017	4.68%	9.33%
2016	4.86%	9.35%
2015	5.57%	9.76%
2014	4.33%	8.85%
2013	3.90%	8.81%
2012	3.88%	9.45%
2011	4.79%	9.64%
2010	1.70%	7.96%
2009	0.00%	8.95%
2008	0.00%	19.00%
2007	0.00%	11.57%
2006	0.00%	8.74%
2005	0.00%	8.92%
2004	0.00%	2.01%