MCN vs WEA

Comparison between Madison Covered Call & Equity Strategy Fund (MCN, ETF) and Western Asset Premier Bond Fund (WEA, ETF).

5-Year PerformanceMCN has outperformed WEA, delivering a return of +2.9% compared to +1.2%

MCN vs WEA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MCN(ETF)	WEA(ETF)
Net Assets	$135M	$135M
Max Drawdown	75.11%	64.91%
Sharpe Ratio	0.10	0.33
5Y Beta	0.52	0.17
5Y Dividends CAGR	1.61%	2.82%

Net Assets

Winner

MCN

$135M

WEA

$135M

Max Drawdown

MCN

75.11%

Winner

WEA

64.91%

Sharpe Ratio

MCN

0.10

Winner

WEA

0.33

5Y Beta

MCN

0.52

Winner

WEA

0.17

5Y Dividends CAGR

MCN

1.61%

Winner

WEA

2.82%

MCN vs WEA - Historical Returns

Returns include dividend reinvestment.

Period	MCN	WEA
1 month	-1.70%	+1.11%
3 months	+0.32%	+1.54%
6 months	+3.18%	+0.46%
1 year	+3.13%	+5.81%
5 years(CAGR)	+2.86%	+1.19%
10 years(CAGR)	+7.88%	+4.68%
Max(CAGR)	+5.47%	+6.83%

MCN

-1.70%

Winner

WEA

+1.11%

MCN

+0.32%

Winner

WEA

+1.54%

Winner

MCN

+3.18%

WEA

+0.46%

MCN

+3.13%

Winner

WEA

+5.81%

5Y(CAGR)

Winner

MCN

+2.86%

WEA

+1.19%

10Y(CAGR)

Winner

MCN

+7.88%

WEA

+4.68%

Max(CAGR)

MCN

+5.47%

Winner

WEA

+6.83%

MCN vs WEA - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	MCN	WEA
2026	-0.38%	-1.70%
2025	+0.20%	+10.62%
2024	-0.33%	+8.11%
2023	+8.02%	+11.37%
2022	+6.33%	-19.85%
2021	+30.38%	+7.94%
2020	+14.91%	+2.69%
2019	+17.28%	+29.73%
2018	-12.21%	-7.09%
2017	+9.80%	+12.90%
2016	+14.94%	+14.58%
2015	-0.75%	-4.77%
2014	+9.41%	+2.85%
2013	+14.32%	-1.11%
2012	+12.18%	+5.40%
2011	-10.59%	+23.20%
2010	+10.23%	+15.97%
2009	+54.72%	+60.16%
2008	-38.79%	-26.27%
2007	-16.23%	-6.57%
2006	+12.53%	+19.32%
2005	+7.26%	-6.94%
2004	+1.32%	+11.88%
2003	N/A	+23.03%
2002	N/A	+1.64%

MCN vs WEA Drawdown Comparison

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

The maximum drawdown for WEA was -57.59%, occurring on Nov 21, 2008. Recovery took 575 trading sessions.

The current MCN drawdown is -5.79%. The current WEA drawdown is -3.26%.

Rank	MCN	WEA
#1	-65.08% Apr 25, 2007 - Oct 29, 2013	-57.59% Jun 5, 2007 - Sep 15, 2009
#2	-38.60% Jan 15, 2020 - Nov 9, 2020	-37.81% Feb 19, 2020 - Dec 17, 2020
#3	-24.48% Jun 28, 2024 - Apr 7, 2025	-30.30% Jul 23, 2021 - Aug 25, 2025
#4	-22.86% Oct 1, 2018 - Jan 15, 2020	-19.61% May 7, 2013 - Jan 29, 2015
#5	-19.57% Sep 9, 2022 - Jan 11, 2023	-17.74% Feb 17, 2015 - Jun 27, 2016
#6	-18.33% Jan 12, 2022 - Sep 8, 2022	-15.89% Jul 8, 2011 - Sep 14, 2011
#7	-17.00% Apr 27, 2023 - Jun 28, 2024	-15.20% Feb 15, 2005 - Sep 6, 2005
#8	-15.90% May 21, 2015 - May 27, 2016	-13.78% Mar 23, 2004 - Sep 28, 2004
#9	-11.23% Aug 17, 2005 - Sep 25, 2006	-12.47% Sep 14, 2011 - Dec 13, 2011
#10	-9.01% Jul 10, 2014 - May 20, 2015	-12.46% Sep 6, 2005 - Feb 3, 2006
#11	-8.74% Sep 13, 2021 - Dec 10, 2021	-12.32% Jun 19, 2002 - Jan 21, 2003
#12	-8.15% Dec 10, 2021 - Jan 11, 2022	-11.64% Oct 26, 2012 - Jan 14, 2013
#13	-8.12% Jan 24, 2018 - Jul 2, 2018	-10.79% Aug 29, 2016 - Feb 16, 2017
#14	-5.66% Jun 11, 2021 - Jul 13, 2021	-10.45% Jul 9, 2003 - Dec 10, 2003
#15	-5.47% Oct 5, 2017 - Dec 28, 2017	-10.25% Nov 7, 2017 - Mar 21, 2019

Correlation

Correlation between MCN and WEA is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2002 - 2026)

MCN vs WEA dividend yield comparison.

Year	MCN	WEA
2026	5.22%	3.30%
2025	12.00%	7.62%
2024	10.73%	7.80%
2023	9.56%	7.44%
2022	9.29%	7.44%
2021	8.98%	5.53%
2020	10.67%	5.59%
2019	10.86%	5.37%
2018	11.69%	6.49%
2017	9.33%	6.26%
2016	9.35%	7.93%
2015	9.76%	8.88%
2014	8.85%	7.78%
2013	8.81%	7.85%
2012	9.45%	8.46%
2011	9.64%	9.34%
2010	7.96%	10.26%
2009	8.95%	9.57%
2008	19.00%	12.94%
2007	11.57%	9.33%
2006	8.74%	8.50%
2005	8.92%	8.73%
2004	2.01%	7.90%
2003	0.00%	8.96%
2002	0.00%	6.78%