MCN vs COLO

Comparison between Madison Covered Call & Equity Strategy Fund (MCN, ETF) and GLOBAL X MSCI COLOMBIA ETF (COLO, ETF).

5-Year PerformanceCOLO has outperformed MCN, delivering a return of +13.9% compared to +3.5%

MCN vs COLO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MCN(ETF)	COLO(ETF)
Net Assets	$138M	$138M
Expense Ratio	N/A	0.62%
Max Drawdown	75.11%	83.14%
Sharpe Ratio	0.41	1.62
5Y Beta	0.52	0.62
5Y Dividends CAGR	1.61%	17.67%

Net Assets

MCN

$138M

Winner

COLO

$138M

Expense Ratio

MCN

N/A

COLO

0.62%

Max Drawdown

Winner

MCN

75.11%

COLO

83.14%

Sharpe Ratio

MCN

0.41

Winner

COLO

1.62

5Y Beta

Winner

MCN

0.52

COLO

0.62

5Y Dividends CAGR

MCN

1.61%

Winner

COLO

17.67%

MCN vs COLO - Historical Returns

Returns include dividend reinvestment.

Period	MCN	COLO
1 month	-2.33%	+4.90%
3 months	-0.82%	+8.05%
6 months	+3.21%	+13.03%
1 year	+8.34%	+44.72%
5 years(CAGR)	+3.46%	+13.90%
10 years(CAGR)	+7.85%	+5.96%
Max(CAGR)	+5.51%	+5.27%

MCN

-2.33%

Winner

COLO

+4.90%

MCN

-0.82%

Winner

COLO

+8.05%

MCN

+3.21%

Winner

COLO

+13.03%

MCN

+8.34%

Winner

COLO

+44.72%

5Y(CAGR)

MCN

+3.46%

Winner

COLO

+13.90%

10Y(CAGR)

Winner

MCN

+7.85%

COLO

+5.96%

Max(CAGR)

Winner

MCN

+5.51%

COLO

+5.27%

MCN vs COLO - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	MCN	COLO
2026	+0.49%	+12.83%
2025	+0.20%	+65.63%
2024	-0.33%	+3.89%
2023	+8.02%	+25.45%
2022	+6.33%	-22.52%
2021	+30.38%	-10.28%
2020	+14.91%	-15.07%
2019	+17.28%	+27.78%
2018	-12.21%	-21.54%
2017	+9.80%	+10.07%
2016	+14.94%	+26.28%
2015	-0.75%	-40.52%
2014	+9.41%	-26.27%
2013	+14.32%	-15.41%
2012	+12.18%	+25.11%
2011	-10.59%	-14.11%
2010	+10.23%	+51.29%
2009	+54.72%	+90.17%
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 COLO Drawdown Comparison

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

The maximum drawdown for COLO was -78.92%, occurring on Mar 23, 2020. This drawdown has not yet recovered.

The current MCN drawdown is -4.97%. The current COLO drawdown is -24.04%.

Rank	MCN	COLO
#1	-65.08% Apr 25, 2007 - Oct 29, 2013	-78.92% Nov 4, 2010 - Mar 23, 2020
#2	-38.60% Jan 15, 2020 - Nov 9, 2020	-14.95% Oct 12, 2009 - Feb 16, 2010
#3	-24.48% Jun 28, 2024 - Apr 7, 2025	-11.46% Feb 9, 2009 - Mar 17, 2009
#4	-22.86% Oct 1, 2018 - Jan 15, 2020	-10.46% Apr 26, 2010 - Jun 15, 2010
#5	-19.57% Sep 9, 2022 - Jan 11, 2023	-7.98% Jun 12, 2009 - Jul 1, 2009
#6	-18.33% Jan 12, 2022 - Sep 8, 2022	-7.87% Jul 23, 2009 - Aug 25, 2009
#7	-17.00% Apr 27, 2023 - Jun 28, 2024	-7.82% Aug 27, 2009 - Sep 8, 2009
#8	-15.90% May 21, 2015 - May 27, 2016	-7.79% Mar 23, 2009 - Apr 15, 2009
#9	-11.23% Aug 17, 2005 - Sep 25, 2006	-6.05% Jul 2, 2009 - Jul 14, 2009
#10	-9.01% Jul 10, 2014 - May 20, 2015	-3.97% Aug 4, 2010 - Aug 24, 2010
#11	-8.74% Sep 13, 2021 - Dec 10, 2021	-3.84% Mar 8, 2010 - Apr 6, 2010
#12	-8.15% Dec 10, 2021 - Jan 11, 2022	-3.52% Jun 21, 2010 - Jul 8, 2010
#13	-8.12% Jan 24, 2018 - Jul 2, 2018	-3.38% Oct 13, 2010 - Nov 3, 2010
#14	-5.66% Jun 11, 2021 - Jul 13, 2021	-3.15% Sep 8, 2010 - Sep 28, 2010
#15	-5.47% Oct 5, 2017 - Dec 28, 2017	-2.87% Apr 6, 2010 - Apr 23, 2010

Correlation

Correlation between MCN and COLO is -0.48 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.48

-101

Dividend Comparison (2004 - 2026)

MCN vs COLO dividend yield comparison.

Year	MCN	COLO
2026	5.17%	0.00%
2025	12.00%	7.51%
2024	10.73%	6.09%
2023	9.56%	6.99%
2022	9.29%	12.55%
2021	8.98%	2.32%
2020	10.67%	3.23%
2019	10.86%	3.04%
2018	11.69%	3.03%
2017	9.33%	1.83%
2016	9.35%	1.48%
2015	9.76%	1.58%
2014	8.85%	3.20%
2013	8.81%	4.10%
2012	9.45%	2.02%
2011	9.64%	1.17%
2010	7.96%	0.99%
2009	8.95%	3.74%
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%