MCN vs MBOX

Comparison between Madison Covered Call & Equity Strategy Fund (MCN, ETF) and FREEDOM DAY DIVIDEND ETF (MBOX, ETF).

5-Year PerformanceMBOX has outperformed MCN, delivering a return of +11.8% compared to +3.5%

MCN vs MBOX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MCN(ETF)	MBOX(ETF)
Net Assets	$138M	$138M
Expense Ratio	N/A	0.39%
Max Drawdown	75.11%	17.67%
Sharpe Ratio	0.41	1.73
5Y Beta	0.52	0.73
P/E Ratio	N/A	18.20
Forward P/E	N/A	14.69
PEG Ratio	N/A	0.46
5Y Dividends CAGR	1.61%	N/A
5Y EPS CAGR	N/A	14.63%
P/S Ratio	N/A	2.23
P/B Ratio	N/A	3.58

Net Assets

MCN

$138M

Winner

MBOX

$138M

Expense Ratio

MCN

N/A

MBOX

0.39%

Max Drawdown

MCN

75.11%

Winner

MBOX

17.67%

Sharpe Ratio

MCN

0.41

Winner

MBOX

1.73

5Y Beta

Winner

MCN

0.52

MBOX

0.73

P/E Ratio

MCN

N/A

MBOX

18.20

Forward P/E

MCN

N/A

MBOX

14.69

PEG Ratio

MCN

N/A

MBOX

0.46

5Y Dividends CAGR

MCN

1.61%

MBOX

N/A

5Y EPS CAGR

MCN

N/A

MBOX

14.63%

P/S Ratio

MCN

N/A

MBOX

2.23

P/B Ratio

MCN

N/A

MBOX

3.58

MCN vs MBOX - Historical Returns

Returns include dividend reinvestment.

Period	MCN	MBOX
1 month	-2.33%	+3.88%
3 months	-0.82%	+6.98%
6 months	+3.21%	+14.67%
1 year	+8.34%	+24.47%
5 years(CAGR)	+3.46%	+11.79%
10 years(CAGR)	+7.85%	N/A
Max(CAGR)	+5.51%	+11.86%

MCN

-2.33%

Winner

MBOX

+3.88%

MCN

-0.82%

Winner

MBOX

+6.98%

MCN

+3.21%

Winner

MBOX

+14.67%

MCN

+8.34%

Winner

MBOX

+24.47%

5Y(CAGR)

MCN

+3.46%

Winner

MBOX

+11.79%

10Y(CAGR)

MCN

+7.85%

MBOX

N/A

Max(CAGR)

MCN

+5.51%

Winner

MBOX

+11.86%

MCN vs MBOX - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	MCN	MBOX
2026	+0.49%	+14.19%
2025	+0.20%	+8.53%
2024	-0.33%	+16.65%
2023	+8.02%	+16.40%
2022	+6.33%	-4.07%
2021	+30.38%	+9.48%
2020	+14.91%	N/A
2019	+17.28%	N/A
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 MBOX Drawdown Comparison

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

The maximum drawdown for MBOX was -16.40%, occurring on Sep 30, 2022. Recovery took 322 trading sessions.

The current MCN drawdown is -4.97%. The current MBOX drawdown is -1.23%.

Rank	MCN	MBOX
#1	-65.08% Apr 25, 2007 - Oct 29, 2013	-16.40% Apr 8, 2022 - Jul 24, 2023
#2	-38.60% Jan 15, 2020 - Nov 9, 2020	-16.36% Nov 25, 2024 - Sep 10, 2025
#3	-24.48% Jun 28, 2024 - Apr 7, 2025	-7.60% Jul 31, 2023 - Nov 20, 2023
#4	-22.86% Oct 1, 2018 - Jan 15, 2020	-6.84% Jan 4, 2022 - Mar 24, 2022
#5	-19.57% Sep 9, 2022 - Jan 11, 2023	-6.82% Jul 16, 2024 - Aug 23, 2024
#6	-18.33% Jan 12, 2022 - Sep 8, 2022	-5.75% Mar 2, 2026 - Apr 22, 2026
#7	-17.00% Apr 27, 2023 - Jun 28, 2024	-5.68% Mar 28, 2024 - May 15, 2024
#8	-15.90% May 21, 2015 - May 27, 2016	-4.83% Sep 2, 2021 - Oct 21, 2021
#9	-11.23% Aug 17, 2005 - Sep 25, 2006	-4.48% Aug 30, 2024 - Sep 19, 2024
#10	-9.01% Jul 10, 2014 - May 20, 2015	-4.44% Oct 3, 2025 - Dec 11, 2025
#11	-8.74% Sep 13, 2021 - Dec 10, 2021	-3.93% May 10, 2021 - Aug 3, 2021
#12	-8.15% Dec 10, 2021 - Jan 11, 2022	-3.85% Oct 14, 2024 - Nov 6, 2024
#13	-8.12% Jan 24, 2018 - Jul 2, 2018	-3.60% Nov 24, 2021 - Dec 7, 2021
#14	-5.66% Jun 11, 2021 - Jul 13, 2021	-2.57% May 15, 2024 - Jun 24, 2024
#15	-5.47% Oct 5, 2017 - Dec 28, 2017	-2.51% Nov 8, 2024 - Nov 21, 2024

Correlation

Correlation between MCN and MBOX is 0.73 which considered as a strong positive correlation - the stocks tend to move together.

0.73

-101

Dividend Comparison (2004 - 2026)

MCN vs MBOX dividend yield comparison.

Year	MCN	MBOX
2026	5.17%	0.60%
2025	12.00%	1.94%
2024	10.73%	1.60%
2023	9.56%	2.13%
2022	9.29%	2.87%
2021	8.98%	1.17%
2020	10.67%	0.00%
2019	10.86%	0.00%
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%