FEMR vs MCN
Comparison between FIDELITY ENHANCED EMERGING MARKETS ETF (FEMR, ETF) and Madison Covered Call & Equity Strategy Fund (MCN, ETF).
FEMR vs MCN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FEMR
$135M
MCN
$135M
Expense Ratio
FEMR
0.38%
MCN
N/A
Max Drawdown
Winner
FEMR
15.87%
MCN
75.11%
Sharpe Ratio
Winner
FEMR
1.79
MCN
0.10
5Y Beta
FEMR
0.87
Winner
MCN
0.52
5Y Dividends CAGR
FEMR
N/A
MCN
1.61%
FEMR vs MCN - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FEMR
+3.79%
MCN
-1.70%
3M
Winner
FEMR
+21.54%
MCN
+0.32%
6M
Winner
FEMR
+33.35%
MCN
+3.18%
1Y
Winner
FEMR
+51.84%
MCN
+3.13%
5Y(CAGR)
FEMR
N/A
MCN
+2.86%
10Y(CAGR)
FEMR
N/A
MCN
+7.88%
Max(CAGR)
Winner
FEMR
+41.61%
MCN
+5.47%
FEMR vs MCN - Annual Returns (2004 - 2026)
Returns include dividend reinvestment.
| Year | FEMR | MCN |
|---|---|---|
| 2026 | +25.96% | -0.38% |
| 2025 | +35.67% | +0.20% |
| 2024 | -1.49% | -0.33% |
| 2023 | N/A | +8.02% |
| 2022 | N/A | +6.33% |
| 2021 | N/A | +30.38% |
| 2020 | N/A | +14.91% |
| 2019 | N/A | +17.28% |
| 2018 | N/A | -12.21% |
| 2017 | N/A | +9.80% |
| 2016 | N/A | +14.94% |
| 2015 | N/A | -0.75% |
| 2014 | N/A | +9.41% |
| 2013 | N/A | +14.32% |
| 2012 | N/A | +12.18% |
| 2011 | N/A | -10.59% |
| 2010 | N/A | +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% |
FEMR vs MCN Drawdown Comparison
The maximum drawdown for FEMR was -15.58%, occurring on Apr 8, 2025. Recovery took 34 trading sessions.
The maximum drawdown for MCN was -65.08%, occurring on Mar 9, 2009. Recovery took 1641 trading sessions.
The current FEMR drawdown is -4.71%. The current MCN drawdown is -5.79%.
| Rank | FEMR | MCN |
|---|---|---|
| #1 | -15.58% Mar 17, 2025 - May 5, 2025 | -65.08% Apr 25, 2007 - Oct 29, 2013 |
| #2 | -14.46% Feb 25, 2026 - Apr 17, 2026 | -38.60% Jan 15, 2020 - Nov 9, 2020 |
| #3 | -9.08% Jun 2, 2026 - Jun 10, 2026 | -24.48% Jun 28, 2024 - Apr 7, 2025 |
| #4 | -7.27% Dec 9, 2024 - Feb 13, 2025 | -22.86% Oct 1, 2018 - Jan 15, 2020 |
| #5 | -5.54% Oct 29, 2025 - Dec 29, 2025 | -19.57% Sep 9, 2022 - Jan 11, 2023 |
| #6 | -5.41% May 11, 2026 - May 26, 2026 | -18.33% Jan 12, 2022 - Sep 8, 2022 |
| #7 | -4.77% Feb 20, 2025 - Mar 17, 2025 | -17.00% Apr 27, 2023 - Jun 28, 2024 |
| #8 | -4.49% Jan 28, 2026 - Feb 11, 2026 | -15.90% May 21, 2015 - May 27, 2016 |
| #9 | -4.49% Oct 6, 2025 - Oct 20, 2025 | -11.23% Aug 17, 2005 - Sep 25, 2006 |
| #10 | -3.47% Jul 23, 2025 - Aug 12, 2025 | -9.01% Jul 10, 2014 - May 20, 2015 |
| #11 | -2.45% Jun 12, 2025 - Jun 24, 2025 | -8.74% Sep 13, 2021 - Dec 10, 2021 |
| #12 | -1.89% Apr 22, 2026 - Apr 24, 2026 | -8.15% Dec 10, 2021 - Jan 11, 2022 |
| #13 | -1.69% Aug 13, 2025 - Aug 22, 2025 | -8.12% Jan 24, 2018 - Jul 2, 2018 |
| #14 | -1.68% Nov 25, 2024 - Dec 5, 2024 | -5.66% Jun 11, 2021 - Jul 13, 2021 |
| #15 | -1.67% Apr 17, 2026 - Apr 22, 2026 | -5.47% Oct 5, 2017 - Dec 28, 2017 |
Correlation
Correlation between FEMR and MCN is 0.63 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.63
-101
Dividend Comparison (2004 - 2026)
FEMR vs MCN dividend yield comparison.
| Year | FEMR | MCN |
|---|---|---|
| 2026 | 0.18% | 5.22% |
| 2025 | 1.92% | 12.00% |
| 2024 | 0.37% | 10.73% |
| 2023 | 0.00% | 9.56% |
| 2022 | 0.00% | 9.29% |
| 2021 | 0.00% | 8.98% |
| 2020 | 0.00% | 10.67% |
| 2019 | 0.00% | 10.86% |
| 2018 | 0.00% | 11.69% |
| 2017 | 0.00% | 9.33% |
| 2016 | 0.00% | 9.35% |
| 2015 | 0.00% | 9.76% |
| 2014 | 0.00% | 8.85% |
| 2013 | 0.00% | 8.81% |
| 2012 | 0.00% | 9.45% |
| 2011 | 0.00% | 9.64% |
| 2010 | 0.00% | 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% |
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