MCN vs VYM
XAI Madison Equity Premium Income Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | MCN | VYM | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.04% | |
| AUM | $130M | $79.0B | |
| Dividend Yield | 11.96% | 2.86% | |
| Holdings | 81 | 568 | |
| YTD Return | -0.02% | +16.10% | |
| 1Y Return | +3.18% | +25.99% | |
| 3Y Return (annualized) | +2.09% | +18.29% | |
| 5Y Return (annualized) | +3.17% | +12.35% | |
| Volatility (annualized) | 17.2% | 14.6% | |
| Max Drawdown | -75.1% | -58.8% | |
| Fund Family | Madison Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 28, 2004 | Nov 10, 2006 |
MCN vs VYM Performance
XAI Madison Equity Premium Income Fund (MCN) is a ETF from Madison Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year MCN returned +3.18% while VYM returned +25.99%. Year to date, MCN is down 0.02% versus a gain of 16.10% for VYM.
Over three years, MCN compounded at +2.09% per year against +18.29% for VYM; over five years the annualized figures are +3.17% and +12.35% respectively. Across the full 20-year window we track, VYM has the edge at +7.08% 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.79. They usually move together, but the gap leaves some room for diversification.
Holdings Overlap
MCN and VYM share 22 holdings out of 576 unique holdings combined, representing a 11.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, MCN or VYM?
Over the past year MCN returned +3.18% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), MCN annualized -1.83% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, MCN or VYM?
MCN has been the more volatile fund at 17.2% annualized versus 14.6% for VYM. Worst drawdown: MCN -75.1% vs VYM -58.8%.
Should I hold both MCN and VYM?
MCN and VYM have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MCN and VYM?
MCN and VYM share 22 common holdings with a 11.6% weight overlap. Combined, they hold 576 unique securities.
Which pays a higher dividend, MCN or VYM?
MCN yields 11.96% while VYM yields 2.86%, so MCN currently pays the higher dividend yield.
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