MCN vs SPY
Comparison between Madison Covered Call & Equity Strategy Fund (MCN, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MCN, delivering a return of +13.3% compared to +3.5%
MCN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
MCN vs SPY - Historical Returns
Returns include dividend reinvestment.
MCN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MCN | SPY |
|---|---|---|
| 2026 | +0.49% | +8.26% |
| 2025 | +0.20% | +18.00% |
| 2024 | -0.33% | +25.59% |
| 2023 | +8.02% | +26.72% |
| 2022 | +6.33% | -18.64% |
| 2021 | +30.38% | +30.52% |
| 2020 | +14.91% | +17.28% |
| 2019 | +17.28% | +31.09% |
| 2018 | -12.21% | -5.24% |
| 2017 | +9.80% | +20.78% |
| 2016 | +14.94% | +13.59% |
| 2015 | -0.75% | +1.31% |
| 2014 | +9.41% | +14.56% |
| 2013 | +14.32% | +29.00% |
| 2012 | +12.18% | +14.17% |
| 2011 | -10.59% | +0.85% |
| 2010 | +10.23% | +13.14% |
| 2009 | +54.72% | +22.67% |
| 2008 | -38.79% | -36.25% |
| 2007 | -16.23% | +5.32% |
| 2006 | +12.53% | +13.85% |
| 2005 | +7.26% | +5.32% |
| 2004 | +1.32% | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
MCN vs SPY Drawdown Comparison
The maximum drawdown for MCN was -65.08%, occurring on Mar 9, 2009. Recovery took 1641 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MCN drawdown is -4.97%. The current SPY drawdown is -2.90%.
| Rank | MCN | SPY |
|---|---|---|
| #1 | -65.08% Apr 25, 2007 - Oct 29, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -38.60% Jan 15, 2020 - Nov 9, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -24.48% Jun 28, 2024 - Apr 7, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.86% Oct 1, 2018 - Jan 15, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.57% Sep 9, 2022 - Jan 11, 2023 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -18.33% Jan 12, 2022 - Sep 8, 2022 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -17.00% Apr 27, 2023 - Jun 28, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.90% May 21, 2015 - May 27, 2016 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.23% Aug 17, 2005 - Sep 25, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.01% Jul 10, 2014 - May 20, 2015 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.74% Sep 13, 2021 - Dec 10, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.15% Dec 10, 2021 - Jan 11, 2022 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.12% Jan 24, 2018 - Jul 2, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -5.66% Jun 11, 2021 - Jul 13, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.47% Oct 5, 2017 - Dec 28, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MCN and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
MCN vs SPY dividend yield comparison.
| Year | MCN | SPY |
|---|---|---|
| 2026 | 5.17% | 0.24% |
| 2025 | 12.00% | 1.07% |
| 2024 | 10.73% | 1.21% |
| 2023 | 9.56% | 1.40% |
| 2022 | 9.29% | 1.65% |
| 2021 | 8.98% | 1.20% |
| 2020 | 10.67% | 1.52% |
| 2019 | 10.86% | 1.75% |
| 2018 | 11.69% | 2.04% |
| 2017 | 9.33% | 1.80% |
| 2016 | 9.35% | 2.03% |
| 2015 | 9.76% | 2.06% |
| 2014 | 8.85% | 1.87% |
| 2013 | 8.81% | 1.81% |
| 2012 | 9.45% | 2.18% |
| 2011 | 9.64% | 2.05% |
| 2010 | 7.96% | 1.80% |
| 2009 | 8.95% | 1.95% |
| 2008 | 19.00% | 3.02% |
| 2007 | 11.57% | 1.85% |
| 2006 | 8.74% | 1.73% |
| 2005 | 8.92% | 1.73% |
| 2004 | 2.01% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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