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. It was launched on May 20, 2020.
Performance
MCNAX vs. JEPI - Performance Comparison
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MCNAX vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MCNAX Madison Conservative Allocation Fund | -0.98% | 9.31% | 4.55% | 7.96% | -13.79% | 2.97% | 8.62% |
JEPI JPMorgan Equity Premium Income ETF | 0.53% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.61% |
Returns By Period
In the year-to-date period, MCNAX achieves a -0.98% return, which is significantly lower than JEPI's 0.53% return.
MCNAX
- 1D
- 0.80%
- 1M
- -3.61%
- YTD
- -0.98%
- 6M
- 0.45%
- 1Y
- 6.69%
- 3Y*
- 5.72%
- 5Y*
- 1.76%
- 10Y*
- 3.78%
JEPI
- 1D
- 0.07%
- 1M
- -3.33%
- YTD
- 0.53%
- 6M
- 3.26%
- 1Y
- 7.70%
- 3Y*
- 9.62%
- 5Y*
- 8.34%
- 10Y*
- —
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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.
Return for Risk
MCNAX vs. JEPI — Risk / Return Rank
MCNAX
JEPI
MCNAX vs. JEPI - Risk-Adjusted Trends 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.
| MCNAX | JEPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.58 | +0.45 |
Sortino ratioReturn per unit of downside risk | 1.47 | 0.92 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 0.79 | +0.60 |
Martin ratioReturn relative to average drawdown | 5.49 | 3.80 | +1.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MCNAX | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.58 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.76 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.04 | -0.49 |
Correlation
The correlation between MCNAX and JEPI is 0.69, 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.
Dividends
MCNAX vs. JEPI - Dividend Comparison
MCNAX's dividend yield for the trailing twelve months is around 2.37%, less than JEPI's 8.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCNAX Madison Conservative Allocation Fund | 2.37% | 2.63% | 2.81% | 2.40% | 1.49% | 6.65% | 7.32% | 3.75% | 5.24% | 4.24% | 3.43% | 4.51% |
JEPI JPMorgan Equity Premium Income ETF | 8.46% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MCNAX vs. JEPI - Drawdown Comparison
The maximum MCNAX drawdown since its inception was -27.65%, 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.
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Drawdown Indicators
| MCNAX | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.65% | -13.71% | -13.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -7.37% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -22.20% | -13.71% | -8.49% |
Max Drawdown (10Y)Largest decline over 10 years | -22.20% | — | — |
Current DrawdownCurrent decline from peak | -4.16% | -4.46% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -2.07% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.14% | -0.84% |
Volatility
MCNAX vs. JEPI - Volatility Comparison
The current volatility for Madison Conservative Allocation Fund (MCNAX) is 2.84%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 3.86%. 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.
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Volatility by Period
| MCNAX | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 3.86% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 6.35% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 13.24% | -6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 11.06% | -3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 10.88% | -4.09% |