FDV vs MCN
Federated Hermes US Strategic Dividend ETF vs XAI Madison Equity Premium Income Fund
Which is better, FDV or MCN?
FDV has been ahead.
FDV led over 1Y, 3Y and the full window. FDV is less concentrated, with 31.8% of the fund in its ten largest positions against 43.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FDV | MCN |
|---|---|---|
| Expense Ratio | 0.50% | - |
| AUM | $1.0B | $130M |
| Dividend Yield | 2.91% | 11.50% |
| Holdings | 106 | 82 |
| YTD Return | +22.76%Best | +0.02% |
| 1Y Return | +23.95%Best | +3.62% |
| 3Y Return (annualized) | +19.80%Best | +3.62% |
| 5Y Return (annualized) | - | +2.69% |
| Volatility (annualized) | 13.1%Best | 14.5% |
| Max Drawdown | -16.7%Best | -24.5% |
| $10,000 over 4 years | $15,606Best | $11,090 |
| Top 10 Weight | 31.8%Best | 43.1% |
| Fund Family | Federated Hermes Funds | Madison Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 15, 2022 | Jul 28, 2004 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Nov 16, 2022 to Nov 11, 2026 (4 years).
FDV vs MCN growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4 years both funds cover.
FDV vs MCN Performance
Federated Hermes US Strategic Dividend ETF (FDV) is an ETF from Federated Hermes Funds and XAI Madison Equity Premium Income Fund (MCN) is an ETF from Madison Funds. Over the past year FDV returned +23.95% while MCN returned +3.62%. Year to date, FDV is up 22.76% versus a gain of 0.02% for MCN.
Over three years, FDV compounded at +19.80% per year against +3.62% for MCN. Across the full 4-year window we track, FDV has the edge at +11.77% annualized vs +2.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCN has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 13.1% for FDV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.7% for FDV and -24.5% for MCN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
Holdings Overlap
16.5% of FDV's money is in holdings MCN also owns. 20.9% of MCN's money is in holdings FDV also owns.
MCN and FDV share little of their money.
The two holdings books were reported 76 days apart, FDV as of Oct 15, 2026 and MCN as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
9 positions in common, counted across the 53 positions we hold weights for in FDV and 41 in MCN, against full books of 106 and 82.
What only one of them owns
Our book lists 29 positions for MCN that do not appear in our book for FDV (75.6% of the fund), and 43 for FDV that do not appear in MCN (81.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FDV | Weight in MCN | Difference |
|---|---|---|---|
| PEPPepsico Inc | 3.06% | 3.56% | 0.50% |
| CMECme Group Inc. | 2.44% | 3.71% | 1.27% |
| MDTMedtronic Plc Ordinary Shares | 2.44% | 3.02% | 0.58% |
| AMTAmerican Tower Corporation | 1.92% | 2.94% | 1.02% |
| PFEPfizer Inc | 2.14% | 2.18% | 0.04% |
| NEENextera Energy Inc | 2.22% | 1.96% | 0.26% |
| PGProcter & Gamble Company | 1.08% | 1.63% | 0.55% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 0.45% | 1.87% | 1.42% |
| ITWIllinois Tool Works Inc. | 0.74% | 0.00% | 0.74% |
20.9% of MCN is already inside FDV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which performed better, FDV or MCN?
Over the past year FDV returned +23.95% vs +3.62% for MCN, so FDV leads on 1-year performance. Over the longest common window we track (4 years), FDV annualized +11.77% vs +2.62% for MCN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDV or MCN?
MCN has been the more volatile fund at 14.5% annualized versus 13.1% for FDV. Worst drawdown: FDV -16.7% vs MCN -24.5%.
Should I hold both FDV and MCN?
FDV and MCN have a monthly-return correlation of 0.57, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FDV and MCN?
20.9% of MCN's money is in holdings FDV also owns. 20.9% of MCN's is in holdings FDV also owns. They hold 9 positions in common, counted across the 53 positions we hold weights for in FDV and 41 in MCN.
Which pays a higher dividend, FDV or MCN?
FDV yields 2.91% while MCN yields 11.50%, so MCN currently pays the higher dividend yield.
Is MCN better than FDV?
FDV led over 1Y, 3Y and the full window. FDV is less concentrated, with 31.8% of the fund in its ten largest positions against 43.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.