MENYX vs. FFA
Compare and contrast key facts about Madison Covered Call & Equity Income Fund (MENYX) and First Trust Enhanced Equity Income Fund (FFA).
MENYX is managed by Madison Funds. It was launched on Oct 29, 2009. FFA is an actively managed fund by First Trust. It was launched on Aug 26, 2004.
Performance
MENYX vs. FFA - Performance Comparison
Loading graphics...
MENYX vs. FFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MENYX Madison Covered Call & Equity Income Fund | 4.35% | 6.69% | 2.79% | 10.66% | 5.06% | 18.71% | 12.65% | 15.76% | -6.01% | 7.57% |
FFA First Trust Enhanced Equity Income Fund | -5.60% | 14.23% | 21.46% | 24.73% | -20.26% | 28.69% | 10.82% | 43.35% | -13.93% | 28.97% |
Returns By Period
In the year-to-date period, MENYX achieves a 4.35% return, which is significantly higher than FFA's -5.60% return. Over the past 10 years, MENYX has underperformed FFA with an annualized return of 8.24%, while FFA has yielded a comparatively higher 12.66% annualized return.
MENYX
- 1D
- 0.00%
- 1M
- -2.83%
- YTD
- 4.35%
- 6M
- 6.06%
- 1Y
- 13.50%
- 3Y*
- 6.26%
- 5Y*
- 7.32%
- 10Y*
- 8.24%
FFA
- 1D
- 3.98%
- 1M
- -5.00%
- YTD
- -5.60%
- 6M
- -1.66%
- 1Y
- 13.54%
- 3Y*
- 15.20%
- 5Y*
- 9.19%
- 10Y*
- 12.66%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MENYX vs. FFA - Expense Ratio Comparison
MENYX has a 1.01% expense ratio, which is lower than FFA's 1.22% expense ratio.
Return for Risk
MENYX vs. FFA — Risk / Return Rank
MENYX
FFA
MENYX vs. FFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call & Equity Income Fund (MENYX) and First Trust Enhanced Equity Income Fund (FFA). 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.
| MENYX | FFA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.74 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.13 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.89 | +0.17 |
Martin ratioReturn relative to average drawdown | 5.08 | 4.50 | +0.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MENYX | FFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.74 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.53 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.65 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.41 | +0.20 |
Correlation
The correlation between MENYX and FFA is 0.65, 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
MENYX vs. FFA - Dividend Comparison
MENYX's dividend yield for the trailing twelve months is around 6.71%, less than FFA's 7.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MENYX Madison Covered Call & Equity Income Fund | 6.71% | 8.52% | 7.83% | 7.71% | 6.98% | 6.48% | 6.34% | 7.07% | 9.82% | 7.64% | 6.74% | 7.48% |
FFA First Trust Enhanced Equity Income Fund | 7.41% | 6.70% | 6.59% | 6.90% | 7.99% | 5.92% | 6.47% | 6.61% | 8.82% | 6.83% | 7.07% | 7.12% |
Drawdowns
MENYX vs. FFA - Drawdown Comparison
The maximum MENYX drawdown since its inception was -28.38%, smaller than the maximum FFA drawdown of -57.51%. Use the drawdown chart below to compare losses from any high point for MENYX and FFA.
Loading graphics...
Drawdown Indicators
| MENYX | FFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.38% | -57.51% | +29.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -14.81% | +3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -16.14% | -29.96% | +13.82% |
Max Drawdown (10Y)Largest decline over 10 years | -28.38% | -44.35% | +15.97% |
Current DrawdownCurrent decline from peak | -2.83% | -6.58% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -8.48% | +5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.94% | -0.50% |
Volatility
MENYX vs. FFA - Volatility Comparison
The current volatility for Madison Covered Call & Equity Income Fund (MENYX) is 2.81%, while First Trust Enhanced Equity Income Fund (FFA) has a volatility of 6.36%. This indicates that MENYX experiences smaller price fluctuations and is considered to be less risky than FFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MENYX | FFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 6.36% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 9.75% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 18.29% | -3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 17.34% | -5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 19.69% | -6.26% |