IVV vs MCN
iShares Core S&P 500 ETF vs XAI Madison Equity Premium Income Fund
Which is better, IVV or MCN?
Large Cap Blend against Large Cap Value.
IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 42.7%.
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 | IVV | MCN |
|---|---|---|
| Expense Ratio | 0.03% | - |
| AUM | $886.7B | $133M |
| Dividend Yield | 1.10% | 11.59% |
| Holdings | 508 | 81 |
| YTD Return | +13.39%Best | +2.12% |
| 1Y Return | +20.08%Best | +2.47% |
| 3Y Return (annualized) | +21.29%Best | +3.42% |
| 5Y Return (annualized) | +12.88%Best | +3.27% |
| Volatility (annualized) | 14.8%Best | 17.1% |
| Max Drawdown | -56.5%Best | -75.1% |
| $10,000 over 5 years | $18,327Best | $11,745 |
| Top 10 Weight | 37.9%Best | 42.7% |
| Fund Family | iShares by BlackRock (US) | Madison Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Jul 28, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Aug 26, 2004 to Sep 4, 2026 (22 years).
IVV 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs MCN Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and XAI Madison Equity Premium Income Fund (MCN) is an ETF from Madison Funds. Over the past year IVV returned +20.08% while MCN returned +2.47%. Year to date, IVV is up 13.39% versus a gain of 2.12% for MCN.
Over three years, IVV compounded at +21.29% per year against +3.42% for MCN; over five years the annualized figures are +12.88% and +3.27% respectively. Across the full 22-year window we track, IVV has the edge at +9.59% annualized vs -1.73%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCN has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 14.8% for IVV. 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 -56.5% for IVV and -75.1% 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 0.77. They usually move together, but the gap leaves some room for diversification.
Holdings Overlap
19.4% of IVV's money is in holdings MCN also owns. 84.6% of MCN's money is in holdings IVV also owns.
Most of MCN is already inside IVV. Owning both mostly buys the same companies twice.
The two holdings books were reported 127 days apart, IVV as of Aug 5, 2026 and MCN as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
36 positions in common, counted across the 505 positions we hold weights for in IVV and 40 in MCN, against full books of 508 and 81.
What only one of them owns
Our book lists 3 positions for MCN that do not appear in our book for IVV (13.6% of the fund), and 462 for IVV that do not appear in MCN (80.1%).
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 IVV | Weight in MCN | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 2.36% | 3.08% |
| AMZNAmazon.Com Inc | 4.01% | 3.02% | 0.99% |
| AVGOBroadcom Inc | 2.98% | 2.07% | 0.91% |
| APAApa Corp | 0.02% | 4.21% | 4.19% |
| PEPPepsico Inc. | 0.29% | 3.91% | 3.62% |
| METAMeta Platform Inc | 1.94% | 1.95% | 0.01% |
| DHRDanaher Corporation | 0.19% | 3.41% | 3.22% |
| LVSLas Vegas Sands Corp. | 0.02% | 3.52% | 3.50% |
| VVisa Inc Class A | 0.92% | 2.38% | 1.46% |
| MDTMedtronic Plc Ordinary Shares | 0.17% | 3.02% | 2.85% |
84.6% of MCN is already inside IVV.
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, IVV or MCN?
Over the past year IVV returned +20.08% vs +2.47% for MCN, so IVV leads on 1-year performance. Over the longest common window we track (22 years), IVV annualized +9.59% vs -1.73% for MCN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MCN?
MCN has been the more volatile fund at 17.1% annualized versus 14.8% for IVV. Worst drawdown: IVV -56.5% vs MCN -75.1%.
Should I hold both IVV and MCN?
IVV and MCN have a monthly-return correlation of 0.77, 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 IVV and MCN?
84.6% of MCN's money is in holdings IVV also owns. 84.6% of MCN's is in holdings IVV also owns. They hold 36 positions in common, counted across the 505 positions we hold weights for in IVV and 40 in MCN.
Which pays a higher dividend, IVV or MCN?
IVV yields 1.10% while MCN yields 11.59%, so MCN currently pays the higher dividend yield.
Is MCN better than IVV?
IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 42.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.