MENYX vs. JQUA
Compare and contrast key facts about Madison Covered Call & Equity Income Fund (MENYX) and JPMorgan U.S. Quality Factor ETF (JQUA).
MENYX is managed by Madison Funds. It was launched on Oct 29, 2009. JQUA is a passively managed fund by JPMorgan Chase that tracks the performance of the JP Morgan US Quality Factor Index. It was launched on Nov 8, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MENYX or JQUA.
Key characteristics
| MENYX | JQUA | |
|---|---|---|
| YTD Return | 2.04% | 8.35% |
| 1Y Return | 8.30% | 26.71% |
| 3Y Return (Ann) | 6.37% | 11.23% |
| 5Y Return (Ann) | 11.62% | 14.62% |
| Sharpe Ratio | 0.97 | 2.37 |
| Daily Std Dev | 8.00% | 11.14% |
| Max Drawdown | -28.38% | -32.92% |
| Current Drawdown | -1.00% | -2.14% |
Correlation
The correlation between MENYX and JQUA 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
MENYX vs. JQUA - Performance Comparison
In the year-to-date period, MENYX achieves a 2.04% return, which is significantly lower than JQUA's 8.35% 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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MENYX vs. JQUA - Expense Ratio Comparison
MENYX has a 1.01% expense ratio, which is higher than JQUA's 0.12% expense ratio.
Risk-Adjusted Performance
MENYX vs. JQUA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call & Equity Income Fund (MENYX) and JPMorgan U.S. Quality Factor ETF (JQUA). 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
MENYX vs. JQUA - Dividend Comparison
MENYX's dividend yield for the trailing twelve months is around 7.67%, more than JQUA's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MENYX Madison Covered Call & Equity Income Fund | 7.67% | 7.71% | 6.98% | 6.48% | 6.34% | 7.07% | 9.82% | 7.64% | 6.74% | 7.48% | 8.98% | 9.30% |
JQUA JPMorgan U.S. Quality Factor ETF | 1.16% | 1.22% | 1.60% | 1.32% | 1.44% | 1.67% | 2.10% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MENYX vs. JQUA - Drawdown Comparison
The maximum MENYX drawdown since its inception was -28.38%, smaller than the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for MENYX and JQUA. For additional features, visit the drawdowns tool.
Volatility
MENYX vs. JQUA - Volatility Comparison
The current volatility for Madison Covered Call & Equity Income Fund (MENYX) is 2.29%, while JPMorgan U.S. Quality Factor ETF (JQUA) has a volatility of 3.50%. This indicates that MENYX experiences smaller price fluctuations and is considered to be less risky than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.