MCN vs VOO
XAI Madison Equity Premium Income Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MCN | VOO | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.03% | |
| AUM | $130M | $979.0B | |
| Dividend Yield | 11.96% | 1.09% | |
| Holdings | 81 | 509 | |
| YTD Return | -0.02% | +13.79% | |
| 1Y Return | +3.18% | +23.01% | |
| 3Y Return (annualized) | +2.09% | +21.78% | |
| 5Y Return (annualized) | +3.17% | +13.39% | |
| Volatility (annualized) | 17.2% | 14.1% | |
| Max Drawdown | -75.1% | -34.3% | |
| Fund Family | Madison Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 28, 2004 | Sep 7, 2010 |
MCN vs VOO Performance
XAI Madison Equity Premium Income Fund (MCN) is a ETF from Madison Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MCN returned +3.18% while VOO returned +23.01%. Year to date, MCN is down 0.02% versus a gain of 13.79% for VOO.
Over three years, MCN compounded at +2.09% per year against +21.78% for VOO; over five years the annualized figures are +3.17% and +13.39% respectively. Across the full 16-year window we track, VOO has the edge at +13.57% 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 14.1% for VOO. 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 -34.3% for VOO. 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 VOO share 34 holdings out of 511 unique holdings combined, representing a 14.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, MCN or VOO?
Over the past year MCN returned +3.18% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), MCN annualized -1.83% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, MCN or VOO?
MCN has been the more volatile fund at 17.2% annualized versus 14.1% for VOO. Worst drawdown: MCN -75.1% vs VOO -34.3%.
Should I hold both MCN and VOO?
MCN and VOO 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 VOO?
MCN and VOO share 34 common holdings with a 14.1% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, MCN or VOO?
MCN yields 11.96% while VOO yields 1.09%, so MCN currently pays the higher dividend yield.
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