MENYX vs. KNGLX

Last updated Apr 1, 2026

Compare and contrast key facts about Madison Covered Call & Equity Income Fund (MENYX) and CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX).

MENYX is managed by Madison Funds. It was launched on Oct 29, 2009. KNGLX is a passively managed fund by CBOE Vest that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Sep 10, 2017.

Performance

MENYX vs. KNGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Madison Covered Call & Equity Income Fund (MENYX) and CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX). The values are adjusted to include any dividend payments, if applicable.

MENYX vs. KNGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MENYX Madison Covered Call & Equity Income Fund	4.35%	6.69%	2.79%	10.66%	5.06%	18.71%	12.65%	15.76%	-6.93%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	0.17%	6.43%	2.91%	6.46%	-7.29%	23.23%	7.08%	26.58%	-4.64%

Returns By Period

In the year-to-date period, MENYX achieves a 4.35% return, which is significantly higher than KNGLX's 0.17% 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%

KNGLX

• 1D: 0.09%
• 1M: -7.86%
• YTD: 0.17%
• 6M: 1.93%
• 1Y: 3.88%
• 3Y*: 4.80%
• 5Y*: 4.36%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MENYX vs. KNGLX - Expense Ratio Comparison

MENYX has a 1.01% expense ratio, which is lower than KNGLX's 1.20% expense ratio.

KNGLX

CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund

MENYX

Madison Covered Call & Equity Income Fund

Return for Risk

MENYX vs. KNGLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MENYX

MENYX Risk / Return Rank: 50
MENYX Sharpe Ratio Rank: 49
MENYX Sortino Ratio Rank: 48
MENYX Omega Ratio Rank: 59
MENYX Calmar Ratio Rank: 41
MENYX Martin Ratio Rank: 52

KNGLX

KNGLX Risk / Return Rank: 14
KNGLX Sharpe Ratio Rank: 14
KNGLX Sortino Ratio Rank: 14
KNGLX Omega Ratio Rank: 13
KNGLX Calmar Ratio Rank: 15
KNGLX Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MENYX vs. KNGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call & Equity Income Fund (MENYX) and CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX). 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	KNGLX	Difference
Sharpe ratio Return per unit of total volatility	0.96	0.35	+0.60
Sortino ratio Return per unit of downside risk	1.38	0.61	+0.76
Omega ratio Gain probability vs. loss probability	1.23	1.08	+0.15
Calmar ratio Return relative to maximum drawdown	1.06	0.43	+0.64
Martin ratio Return relative to average drawdown	5.08	1.61	+3.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MENYX vs. KNGLX - Sharpe Ratio Comparison

The current MENYX Sharpe Ratio is 0.96, which is higher than the KNGLX Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of MENYX and KNGLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MENYX	KNGLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	0.35	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.31	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.40	+0.21

Correlation

The correlation between MENYX and KNGLX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MENYX vs. KNGLX - Dividend Comparison

MENYX's dividend yield for the trailing twelve months is around 6.71%, less than KNGLX's 8.01% 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%
KNGLX CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund	5.41%	8.02%	9.60%	7.99%	4.54%	4.41%	3.53%	4.53%	4.74%	0.00%	0.00%	0.00%

Drawdowns

MENYX vs. KNGLX - Drawdown Comparison

The maximum MENYX drawdown since its inception was -28.38%, smaller than the maximum KNGLX drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for MENYX and KNGLX.

Drawdown Indicators

	MENYX	KNGLX	Difference
Max Drawdown Largest peak-to-trough decline	-28.38%	-31.48%	+3.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-10.91%	-0.75%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	-18.25%	+2.11%
Max Drawdown (10Y) Largest decline over 10 years	-28.38%	—	—
Current Drawdown Current decline from peak	-2.83%	-7.86%	+5.03%
Average Drawdown Average peak-to-trough decline	-2.51%	-4.60%	+2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	2.89%	-0.45%

Volatility

MENYX vs. KNGLX - Volatility Comparison

The current volatility for Madison Covered Call & Equity Income Fund (MENYX) is 2.81%, while CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (KNGLX) has a volatility of 3.23%. This indicates that MENYX experiences smaller price fluctuations and is considered to be less risky than KNGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MENYX	KNGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	3.23%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	7.27%	7.63%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	14.28%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	14.01%	-2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.43%	17.26%	-3.83%