MCN vs ELD

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

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

MCN vs ELD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

MCN

$135M

Winner

ELD

$135M

Expense Ratio

MCN

N/A

ELD

0.55%

Max Drawdown

MCN

75.11%

Winner

ELD

56.01%

Sharpe Ratio

MCN

0.10

Winner

ELD

0.86

5Y Beta

MCN

0.52

Winner

ELD

0.20

5Y Dividends CAGR

Winner

MCN

1.61%

ELD

0.92%

MCN vs ELD - Historical Returns

Returns include dividend reinvestment.

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

MCN

-1.70%

Winner

ELD

+0.60%

MCN

+0.32%

Winner

ELD

+3.09%

Winner

MCN

+3.18%

ELD

+2.95%

MCN

+3.13%

Winner

ELD

+10.90%

5Y(CAGR)

Winner

MCN

+2.86%

ELD

+2.53%

10Y(CAGR)

Winner

MCN

+7.88%

ELD

+2.94%

Max(CAGR)

Winner

MCN

+5.47%

ELD

+1.35%

MCN vs ELD - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	MCN	ELD
2026	-0.38%	+1.77%
2025	+0.20%	+21.18%
2024	-0.33%	-3.40%
2023	+8.02%	+14.88%
2022	+6.33%	-9.09%
2021	+30.38%	-9.77%
2020	+14.91%	+1.78%
2019	+17.28%	+12.49%
2018	-12.21%	-8.57%
2017	+9.80%	+13.54%
2016	+14.94%	+10.57%
2015	-0.75%	-12.81%
2014	+9.41%	-5.11%
2013	+14.32%	-11.17%
2012	+12.18%	+13.27%
2011	-10.59%	-2.36%
2010	+10.23%	+4.72%
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 ELD Drawdown Comparison

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

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

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

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

Correlation

Correlation between MCN and ELD 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)

MCN vs ELD dividend yield comparison.

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