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 11 mutual funds in the Derivative Income category with lower expense ratios, going as low as 0.45%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| USCF Gold Strategy Plus Income Fund | 0.45% | 8.86M | 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 | |
| JPMorgan Equity Premium Income Fund Class A | 0.85% | — | Aug 2018 | MENYX vs JEPAX |
Best Risk-Adjusted Alternatives to MENYX
MENYX has a PortfoliosLab risk / return rank of 28. There are 17 mutual funds in the Derivative Income category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| The Covered Bridge Fund | 89 | — | Sep 2013 | MENYX vs TCBIX | |
| BlackRock High Equity Income Fund | 86 | — | Apr 1998 | MENYX vs BMCIX | |
| BlackRock High Equity Income Fund Class A | 83 | — | May 1998 | MENYX vs BMEAX | |
| Goldman Sachs International Equity Dividend and Pr... | 74 | — | Jan 2008 | MENYX vs GIDHX | |
| Invesco Income Advantage U.S. Fund | 73 | — | Mar 2006 | MENYX vs SCAUX |
Top Performing MENYX Alternatives (YTD)
MENYX is at 5.63% YTD. There are 16 mutual funds in the Derivative Income category with higher YTD returns, going as high as 14.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock High Equity Income Fund | 14.74% | — | Apr 1998 | MENYX vs BMCIX | |
| BlackRock High Equity Income Fund Class A | 13.90% | — | May 1998 | MENYX vs BMEAX | |
| BlackRock ESG Capital Allocation Term Trust | 13.03% | — | Sep 2021 | MENYX vs ECAT | |
| Goldman Sachs International Equity Dividend and Pr... | 12.64% | — | Jan 2008 | MENYX vs GIDHX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 12.49% | — | Jan 2007 | MENYX vs QQQX |
Lowest Volatility Alternatives to MENYX
MENYX has 9.48% 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 | |
|---|---|---|---|---|---|
| The Covered Bridge Fund | 8.72% | — | Sep 2013 | MENYX vs TCBIX | |
| JPMorgan Equity Premium Income Fund Class I | 8.82% | — | Aug 2018 | MENYX vs JEPIX | |
| JPMorgan Equity Premium Income Fund Class A | 8.93% | — | Aug 2018 | MENYX vs JEPAX | |
| Crossmark Steward Covered Call Income Fund | 9.28% | — | Dec 2017 | MENYX vs SCJIX | |
| Invesco Income Advantage U.S. Fund | 10.14% | — | Mar 2006 | MENYX vs SCAUX |
Lowest Drawdown Alternatives to MENYX
MENYX has a 1-year max drawdown of -7.55%. There are 6 mutual funds in the Derivative Income category with shallower 1-year drawdowns, 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 | |
| JPMorgan Equity Premium Income Fund Class I | -7.41% | — | Aug 2018 | MENYX vs JEPIX |
Other Mutual Funds from Madison
The 10 most viewed Madison mutual funds shown here include MAGSX, GTSGX, BVAOX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Madison Aggressive Allocation Fund Class A | Diversified Portfolio | 73 | 12.22% | — | Jun 2006 | MENYX vs MAGSX | |
| Madison Mid Cap Fund | Mid Cap Blend Equities | 20 | 8.33% | — | Jul 1983 | MENYX vs GTSGX | |
| Madison Small Cap Fund | Small Cap Blend Equities | 21 | 11.61% | — | Dec 1996 | MENYX vs BVAOX | |
| Madison Dividend Income Fund | Large Cap Value Equities | 59 | 12.00% | — | Dec 1986 | MENYX vs BHBFX | |
| Madison Core Bond Fund | Intermediate Core Bond | 8 | -1.01% | — | Dec 1997 | MENYX vs MBOAX | |
| Madison Tax-Free National Fund | Municipal Bonds | 60 | -0.06% | — | Dec 1982 | MENYX vs GTFHX | |
| Madison Conservative Allocation Fund | Diversified Portfolio | 54 | 5.02% | — | Jun 2006 | MENYX vs MCNAX | |
| Madison Investors Fund | Large Cap Blend Equities | 32 | 9.14% | — | Nov 1978 | MENYX vs MINVX | |
| Madison Moderate Allocation Fund | Diversified Portfolio | 64 | 9.07% | — | Jun 2006 | MENYX vs MMDAX | |
| Madison Diversified Income Fund | Diversified Portfolio | 52 | 4.32% | — | Dec 1997 | MENYX vs MBLAX |
Often Compared With MENYX
Investors most often compare MENYX with JQUA, MIIBX, PUTW. These 18 comparison targets span 13 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