MCN vs PXJ

Comparison between Madison Covered Call & Equity Strategy Fund (MCN, ETF) and INVESCO OIL & GAS SERVICES ETF (PXJ, ETF).

5-Year PerformancePXJ has outperformed MCN, delivering a return of +16.8% compared to +3.5%

MCN vs PXJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MCN(ETF)	PXJ(ETF)
Net Assets	$138M	$137M
Expense Ratio	N/A	0.63%
Max Drawdown	75.11%	95.35%
Sharpe Ratio	0.41	2.25
5Y Beta	0.52	1.07
P/E Ratio	N/A	33.40
Forward P/E	N/A	9.68
5Y Dividends CAGR	1.61%	1.26%
Debt to Equity	N/A	53.74%
P/S Ratio	N/A	1.52
P/B Ratio	N/A	1.71

Net Assets

Winner

MCN

$138M

PXJ

$137M

Expense Ratio

MCN

N/A

PXJ

0.63%

Max Drawdown

Winner

MCN

75.11%

PXJ

95.35%

Sharpe Ratio

MCN

0.41

Winner

PXJ

2.25

5Y Beta

Winner

MCN

0.52

PXJ

1.07

P/E Ratio

MCN

N/A

PXJ

33.40

Forward P/E

MCN

N/A

PXJ

9.68

5Y Dividends CAGR

Winner

MCN

1.61%

PXJ

1.26%

Debt to Equity

MCN

N/A

PXJ

53.74%

P/S Ratio

MCN

N/A

PXJ

1.52

P/B Ratio

MCN

N/A

PXJ

1.71

MCN vs PXJ - Historical Returns

Returns include dividend reinvestment.

Period	MCN	PXJ
1 month	-2.33%	-8.06%
3 months	-0.82%	+4.21%
6 months	+3.21%	+36.42%
1 year	+8.34%	+81.04%
5 years(CAGR)	+3.46%	+16.81%
10 years(CAGR)	+7.85%	-1.72%
Max(CAGR)	+5.51%	-1.83%

Winner

MCN

-2.33%

PXJ

-8.06%

MCN

-0.82%

Winner

PXJ

+4.21%

MCN

+3.21%

Winner

PXJ

+36.42%

MCN

+8.34%

Winner

PXJ

+81.04%

5Y(CAGR)

MCN

+3.46%

Winner

PXJ

+16.81%

10Y(CAGR)

Winner

MCN

+7.85%

PXJ

-1.72%

Max(CAGR)

Winner

MCN

+5.51%

PXJ

-1.83%

MCN vs PXJ - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	MCN	PXJ
2026	+0.49%	+40.71%
2025	+0.20%	+6.02%
2024	-0.33%	+0.48%
2023	+8.02%	+20.30%
2022	+6.33%	+52.63%
2021	+30.38%	+9.45%
2020	+14.91%	-43.99%
2019	+17.28%	-3.84%
2018	-12.21%	-41.00%
2017	+9.80%	-25.52%
2016	+14.94%	+8.57%
2015	-0.75%	-31.08%
2014	+9.41%	-30.47%
2013	+14.32%	+24.19%
2012	+12.18%	-2.27%
2011	-10.59%	-7.89%
2010	+10.23%	+24.34%
2009	+54.72%	+43.34%
2008	-38.79%	-60.39%
2007	-16.23%	+45.64%
2006	+12.53%	+3.92%
2005	+7.26%	+10.10%
2004	+1.32%	N/A

MCN vs PXJ Drawdown Comparison

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

The maximum drawdown for PXJ was -94.82%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The current MCN drawdown is -4.97%. The current PXJ drawdown is -67.19%.

Rank	MCN	PXJ
#1	-65.08% Apr 25, 2007 - Oct 29, 2013	-94.82% Jun 23, 2008 - Mar 18, 2020
#2	-38.60% Jan 15, 2020 - Nov 9, 2020	-24.43% May 9, 2006 - Apr 26, 2007
#3	-24.48% Jun 28, 2024 - Apr 7, 2025	-19.12% Jan 3, 2008 - Apr 16, 2008
#4	-22.86% Oct 1, 2018 - Jan 15, 2020	-18.88% Jan 30, 2006 - May 2, 2006
#5	-19.57% Sep 9, 2022 - Jan 11, 2023	-14.91% Jul 23, 2007 - Sep 21, 2007
#6	-18.33% Jan 12, 2022 - Sep 8, 2022	-12.20% Oct 15, 2007 - Jan 3, 2008
#7	-17.00% Apr 27, 2023 - Jun 28, 2024	-7.50% Apr 21, 2008 - May 8, 2008
#8	-15.90% May 21, 2015 - May 27, 2016	-7.08% Nov 3, 2005 - Nov 21, 2005
#9	-11.23% Aug 17, 2005 - Sep 25, 2006	-5.56% Dec 12, 2005 - Jan 3, 2006
#10	-9.01% Jul 10, 2014 - May 20, 2015	-4.46% Jun 4, 2007 - Jun 14, 2007
#11	-8.74% Sep 13, 2021 - Dec 10, 2021	-4.23% Nov 22, 2005 - Dec 1, 2005
#12	-8.15% Dec 10, 2021 - Jan 11, 2022	-3.78% May 20, 2008 - Jun 5, 2008
#13	-8.12% Jan 24, 2018 - Jul 2, 2018	-3.74% Jun 22, 2007 - Jul 2, 2007
#14	-5.66% Jun 11, 2021 - Jul 13, 2021	-3.69% Jan 23, 2006 - Jan 30, 2006
#15	-5.47% Oct 5, 2017 - Dec 28, 2017	-3.47% May 21, 2007 - Jun 1, 2007

Correlation

Correlation between MCN and PXJ is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.68

-101

Dividend Comparison (2004 - 2026)

MCN vs PXJ dividend yield comparison.

Year	MCN	PXJ
2026	5.17%	0.49%
2025	12.00%	2.91%
2024	10.73%	3.34%
2023	9.56%	1.99%
2022	9.29%	0.65%
2021	8.98%	2.40%
2020	10.67%	4.72%
2019	10.86%	1.87%
2018	11.69%	0.99%
2017	9.33%	2.75%
2016	9.35%	1.19%
2015	9.76%	2.36%
2014	8.85%	1.12%
2013	8.81%	0.34%
2012	9.45%	0.13%
2011	9.64%	0.01%
2010	7.96%	0.36%
2009	8.95%	0.46%
2008	19.00%	0.40%
2007	11.57%	0.00%
2006	8.74%	0.00%
2005	8.92%	0.00%
2004	2.01%	0.00%