MCN vs SSPY

Comparison between Madison Covered Call & Equity Strategy Fund (MCN, ETF) and STRATIFIED LARGECAP INDEX ETF (SSPY, ETF).

MCN vs SSPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MCN(ETF)	SSPY(ETF)
Net Assets	$127M	$127M
Expense Ratio	N/A	0.45%
Max Drawdown	75.11%	16.45%
Sharpe Ratio	-0.22	1.30
5Y Beta	0.52	0.73
P/E Ratio	N/A	22.45
Forward P/E	N/A	16.62
5Y Dividends CAGR	1.61%	N/A
5Y EPS CAGR	N/A	12.20%
Debt to Equity	N/A	14.40%
P/S Ratio	N/A	1.56
P/B Ratio	N/A	3.24

Net Assets

MCN

$127M

SSPY

$127M

Expense Ratio

MCN

N/A

SSPY

0.45%

Max Drawdown

MCN

75.11%

Winner

SSPY

16.45%

Sharpe Ratio

MCN

-0.22

Winner

SSPY

1.30

5Y Beta

Winner

MCN

0.52

SSPY

0.73

P/E Ratio

MCN

N/A

SSPY

22.45

Forward P/E

MCN

N/A

SSPY

16.62

5Y Dividends CAGR

MCN

1.61%

SSPY

N/A

5Y EPS CAGR

MCN

N/A

SSPY

12.20%

Debt to Equity

MCN

N/A

SSPY

14.40%

P/S Ratio

MCN

N/A

SSPY

1.56

P/B Ratio

MCN

N/A

SSPY

3.24

MCN vs SSPY - Historical Returns

Returns include dividend reinvestment.

Period	MCN	SSPY
1 month	+1.99%	+1.39%
3 months	-2.57%	+4.49%
6 months	-0.76%	+7.66%
1 year	+1.73%	+18.73%
5 years(CAGR)	+3.13%	N/A
10 years(CAGR)	+7.29%	N/A
Max(CAGR)	+5.40%	+13.17%

Winner

MCN

+1.99%

SSPY

+1.39%

MCN

-2.57%

Winner

SSPY

+4.49%

MCN

-0.76%

Winner

SSPY

+7.66%

MCN

+1.73%

Winner

SSPY

+18.73%

5Y(CAGR)

MCN

+3.13%

SSPY

N/A

10Y(CAGR)

MCN

+7.29%

SSPY

N/A

Max(CAGR)

MCN

+5.40%

Winner

SSPY

+13.17%

MCN vs SSPY - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	MCN	SSPY
2026	-1.26%	+11.12%
2025	+0.20%	+13.00%
2024	-0.33%	-0.90%
2023	+8.02%	N/A
2022	+6.33%	N/A
2021	+30.38%	N/A
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 SSPY Drawdown Comparison

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

The maximum drawdown for SSPY was -16.16%, occurring on Apr 8, 2025. Recovery took 144 trading sessions.

The current MCN drawdown is -6.62%. The current SSPY drawdown is -1.18%.

Rank	MCN	SSPY
#1	-65.08% Apr 25, 2007 - Oct 29, 2013	-16.16% Nov 29, 2024 - Jul 1, 2025
#2	-38.60% Jan 15, 2020 - Nov 9, 2020	-7.32% Feb 27, 2026 - May 6, 2026
#3	-24.48% Jun 28, 2024 - Apr 7, 2025	-4.80% Oct 27, 2025 - Nov 28, 2025
#4	-22.86% Oct 1, 2018 - Jan 15, 2020	-3.06% Oct 3, 2025 - Oct 24, 2025
#5	-19.57% Sep 9, 2022 - Jan 11, 2023	-2.96% Oct 16, 2024 - Nov 6, 2024
#6	-18.33% Jan 12, 2022 - Sep 8, 2022	-2.84% Jul 23, 2025 - Aug 13, 2025
#7	-17.00% Apr 27, 2023 - Jun 28, 2024	-1.94% Nov 11, 2024 - Nov 22, 2024
#8	-15.90% May 21, 2015 - May 27, 2016	-1.84% Jul 10, 2025 - Jul 23, 2025
#9	-11.23% Aug 17, 2005 - Sep 25, 2006	-1.84% Jun 15, 2026 - Jun 26, 2026
#10	-9.01% Jul 10, 2014 - May 20, 2015	-1.64% Jun 4, 2026 - Jun 12, 2026
#11	-8.74% Sep 13, 2021 - Dec 10, 2021	-1.58% Jan 15, 2026 - Jan 22, 2026
#12	-8.15% Dec 10, 2021 - Jan 11, 2022	-1.44% Dec 11, 2025 - Jan 5, 2026
#13	-8.12% Jan 24, 2018 - Jul 2, 2018	-1.32% Jul 7, 2026 - Jul 20, 2026
#14	-5.66% Jun 11, 2021 - Jul 13, 2021	-1.30% May 6, 2026 - May 21, 2026
#15	-5.47% Oct 5, 2017 - Dec 28, 2017	-1.16% Sep 30, 2024 - Oct 11, 2024

Correlation

Correlation between MCN and SSPY is 0.55 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.55

-101

Dividend Comparison (2004 - 2026)

MCN vs SSPY dividend yield comparison.

Year	MCN	SSPY
2026	7.53%	0.00%
2025	12.00%	1.38%
2024	10.73%	0.35%
2023	9.56%	0.00%
2022	9.29%	0.00%
2021	8.98%	0.00%
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%