MCN vs SCHD
XAI Madison Equity Premium Income Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | MCN | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.06% | |
| AUM | $130M | $103.7B | |
| Dividend Yield | 11.96% | 3.31% | |
| Holdings | 81 | 104 | |
| YTD Return | -0.02% | +25.33% | |
| 1Y Return | +3.18% | +32.31% | |
| 3Y Return (annualized) | +2.09% | +15.40% | |
| 5Y Return (annualized) | +3.17% | +9.70% | |
| Volatility (annualized) | 17.2% | 13.6% | |
| Max Drawdown | -75.1% | -33.4% | |
| Fund Family | Madison Funds | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 28, 2004 | Oct 20, 2011 |
MCN vs SCHD Performance
XAI Madison Equity Premium Income Fund (MCN) is a ETF from Madison Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MCN returned +3.18% while SCHD returned +32.31%. Year to date, MCN is down 0.02% versus a gain of 25.33% for SCHD.
Over three years, MCN compounded at +2.09% per year against +15.40% for SCHD; over five years the annualized figures are +3.17% and +9.70% respectively. Across the full 15-year window we track, SCHD has the edge at +11.45% annualized vs -1.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCN has been the more volatile fund, with annualized monthly volatility of 17.2% 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 -75.1% for MCN and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Holdings Overlap
MCN and SCHD share 7 holdings out of 133 unique holdings combined, representing a 11.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, MCN or SCHD?
Over the past year MCN returned +3.18% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), MCN annualized -1.83% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, MCN or SCHD?
MCN has been the more volatile fund at 17.2% annualized versus 13.6% for SCHD. Worst drawdown: MCN -75.1% vs SCHD -33.4%.
Should I hold both MCN and SCHD?
MCN and SCHD have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MCN and SCHD?
MCN and SCHD share 7 common holdings with a 11.8% weight overlap. Combined, they hold 133 unique securities.
Which pays a higher dividend, MCN or SCHD?
MCN yields 11.96% while SCHD yields 3.31%, so MCN currently pays the higher dividend yield.
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