- ISIN
- US5574928322
- CUSIP
- 557492832
- Issuer
- Madison
- Inception Date
- Oct 29, 2009
- Category
- Derivative Income
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MENYX Performance Chart
Madison Covered Call & Equity Income Fund (MENYX) is up 5.4% since the beginning of the year. MENYX is currently trading at $9 per share. Investors who bought $1,000 worth of MENYX shares 5 years ago would now be looking at an investment worth $1,360.
Loading charts...
Compare this symbol against anything
Returns By Period
Madison Covered Call & Equity Income Fund (MENYX) has returned 5.41% so far this year and 10.25% over the past 12 months. Over the last ten years, MENYX has returned 7.84% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Madison Covered Call & Equity Income Fund
- 1D
- -0.11%
- 1M
- 2.84%
- 6M
- 2.08%
- YTD
- 5.41%
- 1Y
- 10.25%
- 3Y*
- 5.02%
- 5Y*
- 6.35%
- 10Y*
- 7.84%
- ALL TIME*
- 7.58%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MENYX Monthly Returns History
Based on dividend-adjusted daily data since Nov 6, 2009, MENYX's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +13.3%, while the worst month was Mar 2020 at -13.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MENYX closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -9.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.26% | 4.00% | -2.01% | 2.73% | -2.04% | -5.43% | 5.26% | 5.41% | |||||
| 2025 | 0.43% | -1.17% | -1.17% | -4.19% | 3.92% | 3.55% | 1.52% | 3.32% | -1.04% | -0.85% | 1.93% | 0.57% | 6.69% |
| 2024 | -2.34% | -0.21% | 4.70% | -2.02% | 2.27% | -1.31% | 3.21% | 0.60% | 0.80% | -0.50% | 1.31% | -3.44% | 2.79% |
| 2023 | 5.83% | -2.17% | 1.92% | 0.80% | -3.48% | 4.13% | 3.31% | -2.04% | -2.28% | -1.23% | 3.43% | 2.45% | 10.66% |
| 2022 | 1.02% | -1.11% | 4.79% | -4.15% | 2.68% | -6.94% | 3.83% | 0.32% | -5.48% | 8.14% | 3.66% | -0.71% | 5.06% |
| 2021 | 2.05% | 4.01% | 4.50% | 2.60% | 3.34% | 0.39% | -0.69% | 0.60% | 0.29% | -0.30% | -2.01% | 2.72% | 18.71% |
Benchmark Metrics
Madison Covered Call & Equity Income Fund has an annualized alpha of -0.20%, beta of 0.63, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since November 06, 2009.
- This fund participated in 61.31% of S&P 500 Index downside but only 54.43% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.63 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.20%
- Beta
- 0.63
- R²
- 0.74
- Upside Capture
- 54.43%
- Downside Capture
- 61.31%
Expense Ratio
MENYX has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MENYX ranks 24 for risk / return — above 24% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Madison Covered Call & Equity Income Fund (MENYX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MENYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.00 | -0.84 |
| Martin ratioReturn relative to average drawdown | 3.75 | 8.49 | -4.74 |
Dividends
Dividend History
Madison Covered Call & Equity Income Fund provided a 8.33% dividend yield over the last twelve months, with an annual payout of $0.78 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.78 | $0.73 | $0.76 | $0.67 | $0.63 | $0.56 | $0.59 | $0.77 | $0.69 | $0.61 | $0.67 |
Dividend yield | 8.33% | 8.52% | 7.83% | 7.71% | 6.98% | 6.48% | 6.34% | 7.07% | 9.82% | 7.64% | 6.74% | 7.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Covered Call & Equity 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 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.28 | |||||
| 2025 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.36 | $0.78 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.31 | $0.73 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.34 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.25 | $0.67 |
| 2021 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.21 | $0.63 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Madison Covered Call & Equity 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 Madison Covered Call & Equity Income Fund was 28.38%, occurring on Mar 23, 2020. Recovery took 92 trading sessions.
The current Madison Covered Call & Equity Income Fund drawdown is 2.69%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-28.38%Mar 2020 | 2mo 15d | 4mo 13d | 6mo 28dJan 2020 - Aug 2020 | COVID crash2020 |
-16.14%Apr 2025 | 4mo 6d | 3mo 15d | 7mo 21dDec 2024 - Jul 2025 | 2025 selloff2025 |
-16.02%Dec 2018 | 3mo 1d | 12mo | 1y 2moSep 2018 - Dec 2019 | Rate-hike selloffLate 2018 |
-14.43%Oct 2011 | 2mo 10d | 24d | 3mo 4dJul 2011 - Oct 2011 | — |
-11.74%Jul 2010 | 2mo 7d | 3mo 18d | 5mo 25dApr 2010 - Oct 2010 | — |
Drawdown Indicators
| MENYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.38% | -56.78% | +28.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -9.10% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -16.14% | -18.90% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -16.14% | -25.43% | +9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -28.38% | -33.92% | +5.54% |
Current DrawdownCurrent decline from peak | -2.69% | -1.58% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -10.70% | +8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.14% | +0.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MENYX
Add Madison Covered Call & Equity Income Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MENYX