LGRO vs MCN

Comparison between LEVEL FOUR LARGE CAP GROWTH ACTIVE ETF (LGRO, ETF) and Madison Covered Call & Equity Strategy Fund (MCN, ETF).

LGRO vs MCN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LGRO(ETF)	MCN(ETF)
Net Assets	$135M	$135M
Expense Ratio	0.50%	N/A
Max Drawdown	23.30%	75.11%
Sharpe Ratio	1.02	0.10
5Y Beta	1.17	0.52
P/E Ratio	32.57	N/A
Forward P/E	21.20	N/A
PEG Ratio	0.60	N/A
5Y Dividends CAGR	N/A	1.61%
5Y EPS CAGR	24.54%	N/A
Debt to Equity	-8.34%	N/A
P/S Ratio	3.50	N/A
P/B Ratio	6.78	N/A

Net Assets

LGRO

$135M

MCN

$135M

Expense Ratio

LGRO

0.50%

MCN

N/A

Max Drawdown

Winner

LGRO

23.30%

MCN

75.11%

Sharpe Ratio

Winner

LGRO

1.02

MCN

0.10

5Y Beta

LGRO

1.17

Winner

MCN

0.52

P/E Ratio

LGRO

32.57

MCN

N/A

Forward P/E

LGRO

21.20

MCN

N/A

PEG Ratio

LGRO

0.60

MCN

N/A

5Y Dividends CAGR

LGRO

N/A

MCN

1.61%

5Y EPS CAGR

LGRO

24.54%

MCN

N/A

Debt to Equity

LGRO

-8.34%

MCN

N/A

P/S Ratio

LGRO

3.50

MCN

N/A

P/B Ratio

LGRO

6.78

MCN

N/A

LGRO vs MCN - Historical Returns

Returns include dividend reinvestment.

Period	LGRO	MCN
1 month	+1.86%	-1.70%
3 months	+12.84%	+0.32%
6 months	+4.85%	+3.18%
1 year	+20.40%	+3.13%
5 years(CAGR)	N/A	+2.86%
10 years(CAGR)	N/A	+7.88%
Max(CAGR)	+21.07%	+5.47%

Winner

LGRO

+1.86%

MCN

-1.70%

Winner

LGRO

+12.84%

MCN

+0.32%

Winner

LGRO

+4.85%

MCN

+3.18%

Winner

LGRO

+20.40%

MCN

+3.13%

5Y(CAGR)

LGRO

N/A

MCN

+2.86%

10Y(CAGR)

LGRO

N/A

MCN

+7.88%

Max(CAGR)

Winner

LGRO

+21.07%

MCN

+5.47%

LGRO vs MCN - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	LGRO	MCN
2026	+4.18%	-0.38%
2025	+18.04%	+0.20%
2024	+26.10%	-0.33%
2023	+11.73%	+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%

LGRO vs MCN Drawdown Comparison

The maximum drawdown for LGRO was -23.26%, occurring on Apr 8, 2025. Recovery took 104 trading sessions.

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

The current LGRO drawdown is -5.21%. The current MCN drawdown is -5.79%.

Rank	LGRO	MCN
#1	-23.26% Jan 28, 2025 - Jun 27, 2025	-65.08% Apr 25, 2007 - Oct 29, 2013
#2	-15.24% Jan 12, 2026 - May 14, 2026	-38.60% Jan 15, 2020 - Nov 9, 2020
#3	-11.35% Sep 1, 2023 - Nov 20, 2023	-24.48% Jun 28, 2024 - Apr 7, 2025
#4	-10.47% Jul 16, 2024 - Sep 19, 2024	-22.86% Oct 1, 2018 - Jan 15, 2020
#5	-8.67% Oct 28, 2025 - Jan 6, 2026	-19.57% Sep 9, 2022 - Jan 11, 2023
#6	-6.95% Mar 28, 2024 - May 15, 2024	-18.33% Jan 12, 2022 - Sep 8, 2022
#7	-6.36% Jun 1, 2026 - Jun 10, 2026	-17.00% Apr 27, 2023 - Jun 28, 2024
#8	-5.59% Dec 16, 2024 - Jan 24, 2025	-15.90% May 21, 2015 - May 27, 2016
#9	-4.23% Dec 26, 2023 - Jan 19, 2024	-11.23% Aug 17, 2005 - Sep 25, 2006
#10	-3.95% Oct 8, 2025 - Oct 24, 2025	-9.01% Jul 10, 2014 - May 20, 2015
#11	-3.71% Jul 28, 2025 - Aug 12, 2025	-8.74% Sep 13, 2021 - Dec 10, 2021
#12	-3.55% May 20, 2024 - Jun 12, 2024	-8.15% Dec 10, 2021 - Jan 11, 2022
#13	-2.92% Feb 9, 2024 - Mar 1, 2024	-8.12% Jan 24, 2018 - Jul 2, 2018
#14	-2.80% Oct 14, 2024 - Nov 6, 2024	-5.66% Jun 11, 2021 - Jul 13, 2021
#15	-2.43% Nov 12, 2024 - Nov 22, 2024	-5.47% Oct 5, 2017 - Dec 28, 2017

Correlation

Correlation between LGRO and MCN is 0.47 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.47

-101

Dividend Comparison (2004 - 2026)

LGRO vs MCN dividend yield comparison.

Year	LGRO	MCN
2026	0.07%	5.22%
2025	0.31%	12.00%
2024	0.39%	10.73%
2023	0.26%	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%