MCN vs QVMT

Comparison between Madison Covered Call & Equity Strategy Fund (MCN, ETF) and Invesco S&P 500 Enhanced Value ETF (QVMT, ETF).

5-Year PerformanceQVMT has outperformed MCN, delivering a return of +12.4% compared to +2.9%

MCN vs QVMT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MCN(ETF)	QVMT(ETF)
Net Assets	$135M	$135M
Expense Ratio	N/A	0.13%
Max Drawdown	75.11%	48.69%
Sharpe Ratio	0.10	2.21
5Y Beta	0.52	0.66
P/E Ratio	N/A	23.44
Forward P/E	N/A	19.81
PEG Ratio	N/A	0.26
5Y Dividends CAGR	1.61%	8.27%
5Y EPS CAGR	N/A	17.33%
Debt to Equity	N/A	56.00%
P/S Ratio	N/A	2.04
P/B Ratio	N/A	4.12

Net Assets

MCN

$135M

Winner

QVMT

$135M

Expense Ratio

MCN

N/A

QVMT

0.13%

Max Drawdown

MCN

75.11%

Winner

QVMT

48.69%

Sharpe Ratio

MCN

0.10

Winner

QVMT

2.21

5Y Beta

Winner

MCN

0.52

QVMT

0.66

P/E Ratio

MCN

N/A

QVMT

23.44

Forward P/E

MCN

N/A

QVMT

19.81

PEG Ratio

MCN

N/A

QVMT

0.26

5Y Dividends CAGR

MCN

1.61%

Winner

QVMT

8.27%

5Y EPS CAGR

MCN

N/A

QVMT

17.33%

Debt to Equity

MCN

N/A

QVMT

56.00%

P/S Ratio

MCN

N/A

QVMT

2.04

P/B Ratio

MCN

N/A

QVMT

4.12

MCN vs QVMT - Historical Returns

Returns include dividend reinvestment.

Period	MCN	QVMT
1 month	-1.70%	+4.04%
3 months	+0.32%	+14.02%
6 months	+3.18%	+19.61%
1 year	+3.13%	+36.06%
5 years(CAGR)	+2.86%	+12.43%
10 years(CAGR)	+7.88%	+13.36%
Max(CAGR)	+5.47%	+12.43%

MCN

-1.70%

Winner

QVMT

+4.04%

MCN

+0.32%

Winner

QVMT

+14.02%

MCN

+3.18%

Winner

QVMT

+19.61%

MCN

+3.13%

Winner

QVMT

+36.06%

5Y(CAGR)

MCN

+2.86%

Winner

QVMT

+12.43%

10Y(CAGR)

MCN

+7.88%

Winner

QVMT

+13.36%

Max(CAGR)

MCN

+5.47%

Winner

QVMT

+12.43%

MCN vs QVMT - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	MCN	QVMT
2026	-0.38%	+19.07%
2025	+0.20%	+19.33%
2024	-0.33%	+13.10%
2023	+8.02%	+11.84%
2022	+6.33%	-6.97%
2021	+30.38%	+36.58%
2020	+14.91%	-10.53%
2019	+17.28%	+27.44%
2018	-12.21%	-10.08%
2017	+9.80%	+17.71%
2016	+14.94%	+22.66%
2015	-0.75%	+1.23%
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 QVMT Drawdown Comparison

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

The maximum drawdown for QVMT was -48.02%, occurring on Mar 23, 2020. Recovery took 286 trading sessions.

The current MCN drawdown is -5.79%.

Rank	MCN	QVMT
#1	-65.08% Apr 25, 2007 - Oct 29, 2013	-48.02% Jan 2, 2020 - Feb 22, 2021
#2	-38.60% Jan 15, 2020 - Nov 9, 2020	-21.97% Jan 14, 2022 - Jan 2, 2024
#3	-24.48% Jun 28, 2024 - Apr 7, 2025	-20.26% Jan 29, 2018 - Jul 24, 2019
#4	-22.86% Oct 1, 2018 - Jan 15, 2020	-15.29% Nov 20, 2015 - Jul 18, 2016
#5	-19.57% Sep 9, 2022 - Jan 11, 2023	-14.43% Nov 25, 2024 - Aug 20, 2025
#6	-18.33% Jan 12, 2022 - Sep 8, 2022	-11.08% Jul 24, 2019 - Oct 23, 2019
#7	-17.00% Apr 27, 2023 - Jun 28, 2024	-8.77% Jun 4, 2021 - Oct 22, 2021
#8	-15.90% May 21, 2015 - May 27, 2016	-7.73% Jul 17, 2024 - Oct 11, 2024
#9	-11.23% Aug 17, 2005 - Sep 25, 2006	-6.67% Nov 23, 2021 - Dec 27, 2021
#10	-9.01% Jul 10, 2014 - May 20, 2015	-6.26% Mar 2, 2026 - Apr 9, 2026
#11	-8.74% Sep 13, 2021 - Dec 10, 2021	-5.99% Mar 1, 2017 - Jul 3, 2017
#12	-8.15% Dec 10, 2021 - Jan 11, 2022	-5.77% Mar 28, 2024 - Jul 16, 2024
#13	-8.12% Jan 24, 2018 - Jul 2, 2018	-4.26% Jan 8, 2024 - Jan 30, 2024
#14	-5.66% Jun 11, 2021 - Jul 13, 2021	-4.09% Sep 26, 2025 - Oct 24, 2025
#15	-5.47% Oct 5, 2017 - Dec 28, 2017	-4.05% Jul 25, 2017 - Sep 25, 2017

Correlation

Correlation between MCN and QVMT is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2004 - 2026)

MCN vs QVMT dividend yield comparison.

Year	MCN	QVMT
2026	5.22%	0.50%
2025	12.00%	2.42%
2024	10.73%	2.71%
2023	9.56%	3.05%
2022	9.29%	2.49%
2021	8.98%	2.31%
2020	10.67%	2.70%
2019	10.86%	2.23%
2018	11.69%	2.48%
2017	9.33%	2.37%
2016	9.35%	1.11%
2015	9.76%	0.54%
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%