MENYX vs. EOS
MENYX (Madison Covered Call & Equity Income Fund) and EOS (Eaton Vance Enhanced Equity Income Fund II) are both Derivative Income funds. Over the past 10 years, MENYX returned 7.80%/yr vs 13.03%/yr for EOS. Their 0.56 correlation means they have sometimes moved together and sometimes differently. MENYX charges 1.01%/yr vs 1.09%/yr for EOS.
Performance
MENYX vs. EOS - Performance Comparison
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Returns By Period
In the year-to-date period, MENYX achieves a 5.63% return, which is significantly higher than EOS's -1.70% return. Over the past 10 years, MENYX has underperformed EOS with an annualized return of 7.80%, while EOS has yielded a comparatively higher 13.03% annualized return.
MENYX
- 1D
- -0.32%
- 1M
- 3.06%
- 6M
- 2.51%
- YTD
- 5.63%
- 1Y
- 9.90%
- 3Y*
- 5.53%
- 5Y*
- 6.65%
- 10Y*
- 7.80%
- ALL TIME*
- 7.59%
EOS
- 1D
- 1.43%
- 1M
- 0.14%
- 6M
- 3.11%
- YTD
- -1.70%
- 1Y
- -0.92%
- 3Y*
- 15.74%
- 5Y*
- 6.83%
- 10Y*
- 13.03%
- ALL TIME*
- 9.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.67M | $2.66M | $2.74M | |
| $0.00 | $0.00 | $0.00 |
MENYX vs. EOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MENYX Madison Covered Call & Equity Income Fund | 5.63% | 6.69% | 2.79% | 10.66% | 5.06% | 18.71% | 12.65% | 15.76% | -6.01% | 7.57% |
EOS Eaton Vance Enhanced Equity Income Fund II | -1.70% | 5.77% | 38.69% | 22.59% | -26.50% | 20.30% | 29.45% | 30.32% | 2.77% | 27.89% |
Correlation
The correlation between MENYX and EOS is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2009 | 0.56 |
Over the past year, the correlation between MENYX and EOS has dropped to 0.14 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
MENYX vs. EOS — Risk / Return Rank
MENYX
EOS
MENYX vs. EOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call & Equity Income Fund (MENYX) and Eaton Vance Enhanced Equity Income Fund II (EOS). 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.
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 | EOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.00 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | -0.05 | +1.45 |
| Martin ratioReturn relative to average drawdown | 4.49 | -0.16 | +4.65 |
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Drawdowns
MENYX vs. EOS - Drawdown Comparison
The maximum MENYX drawdown since its inception was -28.38%, smaller than the maximum EOS drawdown of -55.74%. Use the drawdown chart below to compare losses from any high point for MENYX and EOS.
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Drawdown Indicators
| MENYX | EOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.38% | -55.74% | +27.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -17.12% | +9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.14% | -24.31% | +8.17% |
Max Drawdown (5Y)Largest decline over 5 years | -16.14% | -34.32% | +18.18% |
Max Drawdown (10Y)Largest decline over 10 years | -28.38% | -41.12% | +12.74% |
Current DrawdownCurrent decline from peak | -2.48% | -3.95% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -7.80% | +5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 5.68% | -3.34% |
Volatility
MENYX vs. EOS - Volatility Comparison
The current volatility for Madison Covered Call & Equity Income Fund (MENYX) is 2.04%, while Eaton Vance Enhanced Equity Income Fund II (EOS) has a volatility of 4.88%. This indicates that MENYX experiences smaller price fluctuations and is considered to be less risky than EOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MENYX | EOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 4.88% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.10% | 12.83% | -5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.48% | 15.87% | -6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.46% | 19.85% | -8.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.44% | 20.78% | -7.34% |
MENYX vs. EOS - Expense Ratio Comparison
MENYX has a 1.01% expense ratio, which is lower than EOS's 1.09% expense ratio.
Dividends
MENYX vs. EOS - Dividend Comparison
MENYX's dividend yield for the trailing twelve months is around 8.31%, which matches EOS's 8.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EOS Eaton Vance Enhanced Equity Income Fund II | 8.33% | 7.81% | 7.17% | 7.38% | 9.69% | 5.60% | 5.01% | 6.65% | 7.16% | 6.90% | 8.20% | 7.70% |
MENYX Madison Covered Call & Equity Income Fund | 8.31% | 8.52% | 7.83% | 7.71% | 6.98% | 6.48% | 6.34% | 7.07% | 9.82% | 7.64% | 6.74% | 7.48% |
Frequently Asked Questions
MENYX and EOS have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EOS has higher volatility (4.88%) compared to MENYX (2.04%). In terms of maximum drawdown, MENYX dropped -28.38% vs EOS's -55.74%.
MENYX currently has the higher Sharpe Ratio (1.11 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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