XAI Madison Equity Premium Income Fund (MCN) belongs to the Options Trading category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MCN. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MCN
MCN charges 0.02% annually. There is 1 mutual fund in the Options Trading category with a lower expense ratio, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Tax-Managed Buy-Write Income Fund | 0.01% | — | Apr 2005 | MCN vs ETB | |
| Parametric Volatility Risk Premium - Defensive Fun... | 0.47% | — | Feb 2017 | MCN vs EIVPX | |
| JPMorgan Hedged Equity 2 Fund Class I | 0.60% | — | Feb 2021 | MCN vs JHQDX | |
| JPMorgan Hedged Equity 3 Fund | 0.60% | — | Feb 2021 | MCN vs JHQTX | |
| Gateway Equity Call Premium Fund | 0.68% | — | Sep 2014 | MCN vs GCPYX |
Best Risk-Adjusted Alternatives to MCN
MCN has a PortfoliosLab risk / return rank of 10. There are 25 mutual funds in the Options Trading category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Princeton Premium Fund | 100 | — | Nov 2016 | MCN vs PPFIX | |
| MAI Managed Volatility Fund | 93 | — | Sep 2010 | MCN vs MAIPX | |
| Easterly Hedged Equity Fund | 91 | — | Jul 2015 | MCN vs JDIEX | |
| Parametric Volatility Risk Premium - Defensive Fun... | 91 | — | Feb 2017 | MCN vs EIVPX | |
| Glenmede Secured Options Portfolio | 87 | — | Jun 2010 | MCN vs GTSOX |
Top Performing MCN Alternatives (YTD)
MCN is at 2.18% YTD. There are 22 mutual funds in the Options Trading category with higher YTD returns, going as high as 10.28%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AlphaCentric Premium Opportunity Fund | 10.28% | — | Sep 2016 | MCN vs HMXIX | |
| Easterly Hedged Equity Fund | 8.68% | — | Jul 2015 | MCN vs JDIEX | |
| Swan Defined Risk Growth Fund | 6.92% | — | Dec 2018 | MCN vs SDAIX | |
| Swan Defined Risk Fund | 6.77% | — | Jul 2012 | MCN vs SDRIX | |
| Calamos Hedged Equity Fund | 6.67% | — | Dec 2014 | MCN vs CIHEX |
Lowest Volatility Alternatives to MCN
MCN has 11.01% 1-year volatility. There are 23 mutual funds in the Options Trading category with lower 1-year volatility, going as low as 0.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Princeton Premium Fund | 0.84% | — | Nov 2016 | MCN vs PPFIX | |
| Rational Tactical Return Fund | 3.49% | — | Apr 2007 | MCN vs HRSTX | |
| North SquareTrilogy Alternative Return Fund | 3.65% | — | Apr 2012 | MCN vs STTIX | |
| MAI Managed Volatility Fund | 4.70% | — | Sep 2010 | MCN vs MAIPX | |
| Beacon Planned Return Strategy Fund | 5.14% | — | Oct 2017 | MCN vs BPRLX |
Lowest Drawdown Alternatives to MCN
MCN has a 1-year max drawdown of -8.62%. There are 22 mutual funds in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.25%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Princeton Premium Fund | -0.25% | — | Nov 2016 | MCN vs PPFIX | |
| Rational Tactical Return Fund | -2.42% | — | Apr 2007 | MCN vs HRSTX | |
| North SquareTrilogy Alternative Return Fund | -2.86% | — | Apr 2012 | MCN vs STTIX | |
| MAI Managed Volatility Fund | -3.10% | — | Sep 2010 | MCN vs MAIPX | |
| Easterly Hedged Equity Fund | -3.49% | — | Jul 2015 | MCN vs JDIEX |
Often Compared With MCN
Investors most often compare MCN with SHIIX, BUIGX. These 2 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Catalyst Buffered Shield Fund | Options Trading | 85 | 4.69% | — | Apr 2015 | MCN vs SHIIX | |
| Cboe Vest US Large Cap 10% Buffer Fund | Options Trading | 66 | 6.52% | — | Aug 2016 | MCN vs BUIGX |
Compare MCN with Any Fund or Stock
Compare MCN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MCN with funds that move differently
XAI Madison Equity Premium Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MCN.
Explore MCN Diversifiers