Madison Covered Call & Equity Income Fund (MENYX) belongs to the Derivative Income category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MENYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MENYX
MENYX charges 1.01% annually. There are 13 mutual funds in the Derivative Income category with lower expense ratios, going as low as 0.44%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | 0.44% | 236.88M | Feb 2016 | MENYX vs PUTW | |
| USCF Gold Strategy Plus Income Fund | 0.45% | — | Nov 2021 | MENYX vs USG | |
| JPMorgan Equity Premium Income Fund Class I | 0.59% | — | Aug 2018 | MENYX vs JEPIX | |
| Shelton Equity Income Fund | 0.72% | — | Sep 1996 | MENYX vs EQTIX | |
| Cullen Enhanced Equity Income Fund | 0.75% | — | Dec 2015 | MENYX vs ENHNX |
Best Risk-Adjusted Alternatives to MENYX
MENYX has a PortfoliosLab risk / return rank of 16. There are 17 mutual funds in the Derivative Income category with higher risk-adjusted ranks, going as high as 78.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund | 78 | — | Apr 2004 | MENYX vs CII | |
| Virtus Equity & Convertible Income Fund | 61 | — | Feb 2007 | MENYX vs NIE | |
| The Covered Bridge Fund | 61 | — | Sep 2013 | MENYX vs TCBIX | |
| Invesco Income Advantage U.S. Fund | 54 | — | Mar 2006 | MENYX vs SCAUX | |
| BlackRock High Equity Income Fund Class A | 51 | — | May 1998 | MENYX vs BMEAX |
Top Performing MENYX Alternatives (YTD)
MENYX is at 1.59% YTD. There are 19 mutual funds in the Derivative Income category with higher YTD returns, going as high as 12.18%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst Nasdaq-100 Hedged Equity Fund | 12.18% | — | Dec 2013 | MENYX vs CLPAX | |
| BlackRock ESG Capital Allocation Term Trust | 11.55% | — | Sep 2021 | MENYX vs ECAT | |
| BlackRock Enhanced Large Cap Core Fund | 9.86% | — | Apr 2004 | MENYX vs CII | |
| Virtus Equity & Convertible Income Fund | 9.65% | — | Feb 2007 | MENYX vs NIE | |
| Cullen Enhanced Equity Income Fund | 8.56% | — | Dec 2015 | MENYX vs ENHNX |
Lowest Volatility Alternatives to MENYX
MENYX has 9.31% 1-year volatility. There are 4 mutual funds in the Derivative Income category with lower 1-year volatility, going as low as 8.72%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| JPMorgan Equity Premium Income Fund Class I | 8.72% | — | Aug 2018 | MENYX vs JEPIX | |
| The Covered Bridge Fund | 8.76% | — | Sep 2013 | MENYX vs TCBIX | |
| JPMorgan Equity Premium Income Fund Class A | 8.78% | — | Aug 2018 | MENYX vs JEPAX | |
| Crossmark Steward Covered Call Income Fund | 8.83% | — | Dec 2017 | MENYX vs SCJIX | |
| WisdomTree Equity Premium Income Fund | 9.31% | 236.88M | Feb 2016 | MENYX vs PUTW |
Lowest Drawdown Alternatives to MENYX
MENYX has a 1-year max drawdown of -6.31%. There is 1 mutual fund in the Derivative Income category with a shallower 1-year drawdown, going as shallow as -5.26%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| The Covered Bridge Fund | -5.26% | — | Sep 2013 | MENYX vs TCBIX | |
| Cullen Enhanced Equity Income Fund | -6.34% | — | Dec 2015 | MENYX vs ENHNX | |
| Invesco Income Advantage U.S. Fund | -7.05% | — | Mar 2006 | MENYX vs SCAUX | |
| Shelton Equity Income Fund | -7.10% | — | Sep 1996 | MENYX vs EQTIX | |
| WisdomTree Equity Premium Income Fund | -7.15% | 236.88M | Feb 2016 | MENYX vs PUTW |
Other Mutual Funds from Madison Funds
The 10 most viewed Madison Funds mutual funds shown here include MAGSX, GTSGX, BHBFX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Madison Aggressive Allocation Fund | Diversified Portfolio | 41 | 9.73% | — | Jun 2006 | MENYX vs MAGSX | |
| Madison Mid Cap Fund | Mid Cap Blend Equities | 4 | -0.68% | — | Jul 1983 | MENYX vs GTSGX | |
| Madison Dividend Income Fund | Large Cap Value Equities | 30 | 7.99% | — | Dec 1986 | MENYX vs BHBFX | |
| Madison Small Cap Fund | Small Cap Blend Equities | 7 | 7.95% | — | Dec 1996 | MENYX vs BVAOX | |
| Madison Conservative Allocation Fund | Diversified Portfolio | 42 | 4.26% | — | Jun 2006 | MENYX vs MCNAX | |
| Madison Core Bond Fund | Intermediate Core Bond | 18 | 0.12% | — | Dec 1997 | MENYX vs MBOAX | |
| Madison Tax-Free National Fund | Municipal Bonds | 77 | 1.19% | — | Dec 1982 | MENYX vs GTFHX | |
| Madison Investors Fund | Large Cap Blend Equities | 9 | 4.39% | — | Nov 1978 | MENYX vs MINVX | |
| Madison Moderate Allocation Fund | Diversified Portfolio | 45 | 7.30% | — | Jun 2006 | MENYX vs MMDAX | |
| Madison Diversified Income Fund | Diversified Portfolio | 35 | 2.85% | — | Dec 1997 | MENYX vs MBLAX |
Often Compared With MENYX
Investors most often compare MENYX with JQUA, GIDHX, BMCIX. These 14 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare MENYX with Any Fund or Stock
Compare MENYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MENYX with funds that move differently
Madison Covered Call & Equity Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MENYX.
Explore MENYX Diversifiers