SSPY vs MCN

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

SSPY vs MCN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SSPY

$127M

MCN

$127M

Expense Ratio

SSPY

0.45%

MCN

N/A

Max Drawdown

Winner

SSPY

16.45%

MCN

75.11%

Sharpe Ratio

Winner

SSPY

1.30

MCN

-0.22

5Y Beta

SSPY

0.73

Winner

MCN

0.52

P/E Ratio

SSPY

22.45

MCN

N/A

Forward P/E

SSPY

16.62

MCN

N/A

5Y Dividends CAGR

SSPY

N/A

MCN

1.61%

5Y EPS CAGR

SSPY

12.20%

MCN

N/A

Debt to Equity

SSPY

14.40%

MCN

N/A

P/S Ratio

SSPY

1.56

MCN

N/A

P/B Ratio

SSPY

3.24

MCN

N/A

SSPY vs MCN - Historical Returns

Returns include dividend reinvestment.

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

SSPY

+1.39%

Winner

MCN

+1.99%

Winner

SSPY

+4.49%

MCN

-2.57%

Winner

SSPY

+7.66%

MCN

-0.76%

Winner

SSPY

+18.73%

MCN

+1.73%

5Y(CAGR)

SSPY

N/A

MCN

+3.13%

10Y(CAGR)

SSPY

N/A

MCN

+7.29%

Max(CAGR)

Winner

SSPY

+13.17%

MCN

+5.40%

SSPY vs MCN - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	SSPY	MCN
2026	+11.12%	-1.26%
2025	+13.00%	+0.20%
2024	-0.90%	-0.33%
2023	N/A	+8.02%
2022	N/A	+6.33%
2021	N/A	+30.38%
2020	N/A	+14.91%
2019	N/A	+17.28%
2018	N/A	-12.21%
2017	N/A	+9.80%
2016	N/A	+14.94%
2015	N/A	-0.75%
2014	N/A	+9.41%
2013	N/A	+14.32%
2012	N/A	+12.18%
2011	N/A	-10.59%
2010	N/A	+10.23%
2009	N/A	+54.72%
2008	N/A	-38.79%
2007	N/A	-16.23%
2006	N/A	+12.53%
2005	N/A	+7.26%
2004	N/A	+1.32%

SSPY vs MCN Drawdown Comparison

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

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

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

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

Correlation

Correlation between SSPY and MCN 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)

SSPY vs MCN dividend yield comparison.

Year	SSPY	MCN
2026	0.00%	7.53%
2025	1.38%	12.00%
2024	0.35%	10.73%
2023	0.00%	9.56%
2022	0.00%	9.29%
2021	0.00%	8.98%
2020	0.00%	10.67%
2019	0.00%	10.86%
2018	0.00%	11.69%
2017	0.00%	9.33%
2016	0.00%	9.35%
2015	0.00%	9.76%
2014	0.00%	8.85%
2013	0.00%	8.81%
2012	0.00%	9.45%
2011	0.00%	9.64%
2010	0.00%	7.96%
2009	0.00%	8.95%
2008	0.00%	19.00%
2007	0.00%	11.57%
2006	0.00%	8.74%
2005	0.00%	8.92%
2004	0.00%	2.01%