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 3 Fund | 0.60% | — | Feb 2021 | MCN vs JHQTX | |
| JPMorgan Hedged Equity 2 Fund Class I | 0.60% | — | Feb 2021 | MCN vs JHQDX | |
| 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 4. There are 26 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 | |
| Easterly Hedged Equity Fund | 89 | — | Jul 2015 | MCN vs JDIEX | |
| Parametric Volatility Risk Premium - Defensive Fun... | 87 | — | Feb 2017 | MCN vs EIVPX | |
| MAI Managed Volatility Fund | 87 | — | Sep 2010 | MCN vs MAIPX | |
| Glenmede Secured Options Portfolio | 86 | — | Jun 2010 | MCN vs GTSOX |
Top Performing MCN Alternatives (YTD)
MCN is at -2.76% YTD. There are 26 mutual funds in the Options Trading category with higher YTD returns, going as high as 7.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AlphaCentric Premium Opportunity Fund | 7.82% | — | Sep 2016 | MCN vs HMXIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 7.43% | — | Jan 2007 | MCN vs QQQX | |
| Easterly Hedged Equity Fund | 7.41% | — | Jul 2015 | MCN vs JDIEX | |
| Glenmede Secured Options Portfolio | 6.35% | — | Jun 2010 | MCN vs GTSOX | |
| Cboe Vest US Large Cap 10% Buffer Fund | 6.26% | — | Aug 2016 | MCN vs BUIGX |
Lowest Volatility Alternatives to MCN
MCN has 10.97% 1-year volatility. There are 22 mutual funds in the Options Trading category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Princeton Premium Fund | 0.85% | — | Nov 2016 | MCN vs PPFIX | |
| North SquareTrilogy Alternative Return Fund | 3.56% | — | Apr 2012 | MCN vs STTIX | |
| MAI Managed Volatility Fund | 4.82% | — | Sep 2010 | MCN vs MAIPX | |
| Rational Tactical Return Fund | 4.89% | — | Apr 2007 | MCN vs HRSTX | |
| Beacon Planned Return Strategy Fund | 5.21% | — | 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 | |
| North SquareTrilogy Alternative Return Fund | -2.86% | — | Apr 2012 | MCN vs STTIX | |
| Rational Tactical Return Fund | -3.09% | — | Apr 2007 | MCN vs HRSTX | |
| 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, SDRIX, CIHEX. These 4 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 | 84 | 4.60% | — | Apr 2015 | MCN vs SHIIX | |
| Swan Defined Risk Fund | Options Trading | 59 | 5.55% | — | Jul 2012 | MCN vs SDRIX | |
| Calamos Hedged Equity Fund | Options Trading | 71 | 5.21% | — | Dec 2014 | MCN vs CIHEX | |
| Swan Defined Risk Growth Fund | Options Trading | 44 | 5.35% | — | Dec 2018 | MCN vs SDAIX |
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