MCN vs BUL

Comparison between Madison Covered Call & Equity Strategy Fund (MCN, ETF) and PACER US CASH COWS GROWTH ETF (BUL, ETF).

5-Year PerformanceBUL has outperformed MCN, delivering a return of +9.8% compared to +3.1%

MCN vs BUL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MCN(ETF)	BUL(ETF)
Net Assets	$127M	$127M
Expense Ratio	N/A	0.60%
Max Drawdown	75.11%	37.30%
Sharpe Ratio	-0.22	0.76
5Y Beta	0.52	1.07
P/E Ratio	N/A	19.56
Forward P/E	N/A	15.66
PEG Ratio	N/A	0.04
5Y Dividends CAGR	1.61%	-5.49%
5Y EPS CAGR	N/A	24.76%
Debt to Equity	N/A	21.70%
P/S Ratio	N/A	2.55
P/B Ratio	N/A	5.29

Net Assets

Winner

MCN

$127M

BUL

$127M

Expense Ratio

MCN

N/A

BUL

0.60%

Max Drawdown

MCN

75.11%

Winner

BUL

37.30%

Sharpe Ratio

MCN

-0.22

Winner

BUL

0.76

5Y Beta

Winner

MCN

0.52

BUL

1.07

P/E Ratio

MCN

N/A

BUL

19.56

Forward P/E

MCN

N/A

BUL

15.66

PEG Ratio

MCN

N/A

BUL

0.04

5Y Dividends CAGR

Winner

MCN

1.61%

BUL

-5.49%

5Y EPS CAGR

MCN

N/A

BUL

24.76%

Debt to Equity

MCN

N/A

BUL

21.70%

P/S Ratio

MCN

N/A

BUL

2.55

P/B Ratio

MCN

N/A

BUL

5.29

MCN vs BUL - Historical Returns

Returns include dividend reinvestment.

Period	MCN	BUL
1 month	+1.99%	+0.60%
3 months	-2.57%	+1.99%
6 months	-0.76%	+3.15%
1 year	+1.73%	+16.72%
5 years(CAGR)	+3.13%	+9.78%
10 years(CAGR)	+7.29%	N/A
Max(CAGR)	+5.40%	+13.49%

Winner

MCN

+1.99%

BUL

+0.60%

MCN

-2.57%

Winner

BUL

+1.99%

MCN

-0.76%

Winner

BUL

+3.15%

MCN

+1.73%

Winner

BUL

+16.72%

5Y(CAGR)

MCN

+3.13%

Winner

BUL

+9.78%

10Y(CAGR)

MCN

+7.29%

BUL

N/A

Max(CAGR)

MCN

+5.40%

Winner

BUL

+13.49%

MCN vs BUL - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	MCN	BUL
2026	-1.26%	+5.93%
2025	+0.20%	+18.84%
2024	-0.33%	+30.35%
2023	+8.02%	+6.08%
2022	+6.33%	-15.81%
2021	+30.38%	+34.02%
2020	+14.91%	+26.03%
2019	+17.28%	+4.82%
2018	-12.21%	N/A
2017	+9.80%	N/A
2016	+14.94%	N/A
2015	-0.75%	N/A
2014	+9.41%	N/A
2013	+14.32%	N/A
2012	+12.18%	N/A
2011	-10.59%	N/A
2010	+10.23%	N/A
2009	+54.72%	N/A
2008	-38.79%	N/A
2007	-16.23%	N/A
2006	+12.53%	N/A
2005	+7.26%	N/A
2004	+1.32%	N/A

MCN vs BUL Drawdown Comparison

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

The maximum drawdown for BUL was -37.08%, occurring on Mar 23, 2020. Recovery took 96 trading sessions.

The current MCN drawdown is -6.62%. The current BUL drawdown is -2.48%.

Rank	MCN	BUL
#1	-65.08% Apr 25, 2007 - Oct 29, 2013	-37.08% Jan 17, 2020 - Jun 5, 2020
#2	-38.60% Jan 15, 2020 - Nov 9, 2020	-27.85% Dec 8, 2021 - Mar 21, 2024
#3	-24.48% Jun 28, 2024 - Apr 7, 2025	-23.55% Dec 4, 2024 - Jul 10, 2025
#4	-22.86% Oct 1, 2018 - Jan 15, 2020	-9.59% Sep 2, 2020 - Nov 9, 2020
#5	-19.57% Sep 9, 2022 - Jan 11, 2023	-9.28% Jul 16, 2024 - Aug 23, 2024
#6	-18.33% Jan 12, 2022 - Sep 8, 2022	-8.93% Feb 26, 2026 - Apr 17, 2026
#7	-17.00% Apr 27, 2023 - Jun 28, 2024	-8.51% Feb 12, 2021 - Apr 1, 2021
#8	-15.90% May 21, 2015 - May 27, 2016	-8.33% Jun 8, 2020 - Jul 22, 2020
#9	-11.23% Aug 17, 2005 - Sep 25, 2006	-7.79% Jul 24, 2019 - Nov 15, 2019
#10	-9.01% Jul 10, 2014 - May 20, 2015	-7.54% Apr 26, 2021 - Jun 25, 2021
#11	-8.74% Sep 13, 2021 - Dec 10, 2021	-7.29% May 3, 2019 - Jul 12, 2019
#12	-8.15% Dec 10, 2021 - Jan 11, 2022	-7.10% Sep 3, 2021 - Oct 28, 2021
#13	-8.12% Jan 24, 2018 - Jul 2, 2018	-6.99% Oct 27, 2025 - Dec 3, 2025
#14	-5.66% Jun 11, 2021 - Jul 13, 2021	-6.70% Apr 1, 2024 - May 15, 2024
#15	-5.47% Oct 5, 2017 - Dec 28, 2017	-6.07% Aug 23, 2024 - Sep 19, 2024

Correlation

Correlation between MCN and BUL is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2004 - 2026)

MCN vs BUL dividend yield comparison.

Year	MCN	BUL
2026	7.53%	0.01%
2025	12.00%	0.28%
2024	10.73%	0.30%
2023	9.56%	2.11%
2022	9.29%	0.67%
2021	8.98%	0.08%
2020	10.67%	0.69%
2019	10.86%	0.81%
2018	11.69%	0.00%
2017	9.33%	0.00%
2016	9.35%	0.00%
2015	9.76%	0.00%
2014	8.85%	0.00%
2013	8.81%	0.00%
2012	9.45%	0.00%
2011	9.64%	0.00%
2010	7.96%	0.00%
2009	8.95%	0.00%
2008	19.00%	0.00%
2007	11.57%	0.00%
2006	8.74%	0.00%
2005	8.92%	0.00%
2004	2.01%	0.00%