MCN vs SCHD
XAI Madison Equity Premium Income Fund vs Schwab US Dividend Equity ETF
Which is better, MCN or SCHD?
SCHD has been ahead.
SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% 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 | MCN | SCHD |
|---|---|---|
| Expense Ratio | - | 0.06% |
| AUM | $133M | $112.2B |
| Dividend Yield | 11.59% | 3.13% |
| Holdings | 81 | 103 |
| YTD Return | +2.12% | +27.56%Best |
| 1Y Return | +2.47% | +30.29%Best |
| 3Y Return (annualized) | +3.42% | +16.37%Best |
| 5Y Return (annualized) | +3.27% | +10.23%Best |
| Volatility (annualized) | 15.2% | 13.6%Best |
| Max Drawdown | -55.3% | -33.4%Best |
| $10,000 over 5 years | $11,745 | $16,274Best |
| Top 10 Weight | 42.7% | 41.5%Best |
| Fund Family | Madison Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jul 28, 2004 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 4, 2026 (14.9 years).
MCN vs SCHD 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 14.9 years both funds cover.
MCN vs SCHD Performance
XAI Madison Equity Premium Income Fund (MCN) is an ETF from Madison Funds and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year MCN returned +2.47% while SCHD returned +30.29%. Year to date, MCN is up 2.12% versus a gain of 27.56% for SCHD.
Over three years, MCN compounded at +3.42% per year against +16.37% for SCHD; over five years the annualized figures are +3.27% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.53% annualized vs +2.01%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCN has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 13.6% for SCHD. 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 -55.3% for MCN and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Holdings Overlap
17.8% of MCN's money is in holdings SCHD also owns. 17.3% of SCHD's money is in holdings MCN also owns.
MCN and SCHD share little of their money.
The two holdings books were reported 129 days apart, MCN as of Mar 31, 2026 and SCHD as of Aug 7, 2026, so some of the difference between them is the time between the two reports rather than the funds.
7 positions in common, counted across the 40 positions we hold weights for in MCN and 100 in SCHD, against full books of 81 and 103.
What only one of them owns
Our book lists 92 positions for SCHD that do not appear in our book for MCN (82.6% of the fund), and 31 for MCN that do not appear in SCHD (78.6%).
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 MCN | Weight in SCHD | Difference |
|---|---|---|---|
| PEPPepsico Inc. | 3.91% | 3.71% | 0.20% |
| PGProcter & Gamble Company | 1.61% | 3.96% | 2.35% |
| COPConocophillips Common Stock USD 0.01 | 1.96% | 3.59% | 1.63% |
| APAApa Corp | 4.21% | 0.33% | 3.88% |
| CMCSAComcast Corp-class A Cmcsa | 1.92% | 2.26% | 0.34% |
| ADMArcher-Daniels-Midland Co. | 3.00% | 0.92% | 2.08% |
| QCOMQualcomm Inc. | 1.15% | 2.55% | 1.40% |
You are not choosing between two funds in isolation.
Whichever of MCN and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which performed better, MCN or SCHD?
Over the past year MCN returned +2.47% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), MCN annualized +2.01% vs +11.53% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MCN or SCHD?
MCN has been the more volatile fund at 15.2% annualized versus 13.6% for SCHD. Worst drawdown: MCN -55.3% vs SCHD -33.4%.
Should I hold both MCN and SCHD?
MCN and SCHD have a monthly-return correlation of 0.75, 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 MCN and SCHD?
17.8% of MCN's money is in holdings SCHD also owns. 17.3% of SCHD's is in holdings MCN also owns. They hold 7 positions in common, counted across the 40 positions we hold weights for in MCN and 100 in SCHD.
Which pays a higher dividend, MCN or SCHD?
MCN yields 11.59% while SCHD yields 3.13%, so MCN currently pays the higher dividend yield.
Is SCHD better than MCN?
SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% 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.