MCNAX vs. JEPI
Compare and contrast key facts about Madison Conservative Allocation Fund (MCNAX) and JPMorgan Equity Premium Income ETF (JEPI).
MCNAX is managed by Madison Funds. It was launched on Jun 29, 2006. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MCNAX or JEPI.
Key characteristics
| MCNAX | JEPI | |
|---|---|---|
| YTD Return | 1.60% | 6.23% |
| 1Y Return | 5.96% | 12.58% |
| 3Y Return (Ann) | -1.14% | 7.56% |
| Sharpe Ratio | 0.98 | 1.77 |
| Daily Std Dev | 6.06% | 7.18% |
| Max Drawdown | -27.76% | -13.71% |
| Current Drawdown | -5.75% | -0.13% |
Correlation
The correlation between MCNAX and JEPI is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MCNAX vs. JEPI - Performance Comparison
In the year-to-date period, MCNAX achieves a 1.60% return, which is significantly lower than JEPI's 6.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MCNAX vs. JEPI - Expense Ratio Comparison
MCNAX has a 0.71% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
MCNAX vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Conservative Allocation Fund (MCNAX) and JPMorgan Equity Premium Income ETF (JEPI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
MCNAX vs. JEPI - Dividend Comparison
MCNAX's dividend yield for the trailing twelve months is around 2.02%, less than JEPI's 7.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCNAX Madison Conservative Allocation Fund | 2.02% | 2.40% | 1.49% | 6.65% | 7.32% | 3.75% | 5.24% | 4.24% | 3.43% | 4.51% | 6.03% | 2.86% |
JEPI JPMorgan Equity Premium Income ETF | 7.30% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MCNAX vs. JEPI - Drawdown Comparison
The maximum MCNAX drawdown since its inception was -27.76%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for MCNAX and JEPI. For additional features, visit the drawdowns tool.
Volatility
MCNAX vs. JEPI - Volatility Comparison
The current volatility for Madison Conservative Allocation Fund (MCNAX) is 1.49%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 1.97%. This indicates that MCNAX experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.