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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in XAI Madison Equity Premium Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
XAI Madison Equity Premium Income Fund (MCN) has returned 0.12% so far this year and 7.15% over the past 12 months. Over the last ten years, MCN has returned 8.01% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
XAI Madison Equity Premium Income Fund
- 1D
- 2.28%
- 1M
- -4.38%
- YTD
- 0.12%
- 6M
- 0.34%
- 1Y
- 7.15%
- 3Y*
- 0.40%
- 5Y*
- 4.53%
- 10Y*
- 8.01%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Aug 2, 2004, MCN's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, your investment would double in approximately 10.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Oct 2022 with a return of +21.2%, while the worst month was Oct 2008 at -16.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 8 months.
On a daily basis, MCN closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +14.9%, while the worst single day was Mar 12, 2020 at -12.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.50% | 3.16% | -4.38% | 0.12% | |||||||||
| 2025 | -2.38% | -1.83% | -1.85% | -7.65% | 8.38% | 5.00% | -0.17% | 3.26% | -1.43% | -1.64% | 0.35% | 1.53% | 0.66% |
| 2024 | -5.98% | 2.12% | 3.63% | -4.10% | 3.14% | 7.74% | -2.76% | -0.95% | -0.31% | -3.65% | 3.06% | -2.58% | -1.52% |
| 2023 | 3.74% | 0.00% | 1.15% | 5.41% | -11.81% | 2.56% | 1.49% | -1.66% | -1.83% | -3.25% | 5.55% | 6.92% | 7.02% |
| 2022 | -3.49% | -0.00% | 4.73% | -6.31% | -2.70% | -3.61% | 2.36% | 9.94% | -13.36% | 21.21% | -1.28% | 2.61% | 6.32% |
| 2021 | 2.22% | 3.77% | 8.10% | 5.16% | 2.64% | 1.31% | 0.62% | 1.60% | -3.02% | 2.17% | -1.62% | 3.98% | 29.92% |
Benchmark Metrics
XAI Madison Equity Premium Income Fund has an annualized alpha of -0.14%, beta of 0.75, and R² of 0.50 versus S&P 500 Index. Calculated based on daily prices since August 03, 2004.
- This fund participated in 86.44% of S&P 500 Index downside but only 73.83% of its upside — more exposed to losses than it benefited from rallies.
- Alpha
- -0.14%
- Beta
- 0.75
- R²
- 0.50
- Upside Capture
- 73.83%
- Downside Capture
- 86.44%
Expense Ratio
MCN has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
MCN ranks 16 for risk / return — in the bottom 16% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for XAI Madison Equity Premium Income Fund (MCN) and compare them to a chosen benchmark (S&P 500 Index).
| MCN | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 0.90 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.67 | 1.39 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.40 | -0.82 |
Martin ratioReturn relative to average drawdown | 2.01 | 6.61 | -4.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore MCN risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
XAI Madison Equity Premium Income Fund provided a 12.35% dividend yield over the last twelve months, with an annual payout of $0.72 per share. The fund has been increasing its distributions for 15 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.72 | $0.72 | $0.72 | $0.72 | $0.72 | $0.72 | $0.72 | $0.72 | $0.72 | $0.72 | $0.72 | $0.72 |
Dividend yield | 12.35% | 12.00% | 10.73% | 9.56% | 9.29% | 8.98% | 10.67% | 10.86% | 11.69% | 9.33% | 9.35% | 9.76% |
Monthly Dividends
The table displays the monthly dividend distributions for XAI Madison Equity Premium Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.06 | $0.06 | $0.06 | $0.18 | |||||||||
| 2025 | $0.00 | $0.00 | $0.18 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.72 |
| 2024 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.72 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.72 |
| 2022 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.72 |
| 2021 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.72 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the XAI Madison Equity Premium Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the XAI Madison Equity Premium Income Fund was 65.11%, occurring on Mar 9, 2009. Recovery took 1170 trading sessions.
The current XAI Madison Equity Premium Income Fund drawdown is 6.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -65.11% | Apr 30, 2007 | 469 | Mar 9, 2009 | 1170 | Oct 29, 2013 | 1639 |
| -38.79% | Jan 16, 2020 | 43 | Mar 18, 2020 | 166 | Nov 11, 2020 | 209 |
| -24.47% | Jul 1, 2024 | 193 | Apr 7, 2025 | — | — | — |
| -22.9% | Oct 3, 2018 | 57 | Dec 24, 2018 | 266 | Jan 15, 2020 | 323 |
| -19.58% | Sep 12, 2022 | 15 | Sep 30, 2022 | 70 | Jan 11, 2023 | 85 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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