ABEQ vs MCN
Absolute Select Value ETF vs XAI Madison Equity Premium Income Fund
Which is better, ABEQ or MCN?
ABEQ has been ahead.
ABEQ led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ABEQ | MCN |
|---|---|---|
| Expense Ratio | 0.85% | - |
| AUM | $142M | $130M |
| Dividend Yield | 1.22% | 12.00% |
| Holdings | 46 | 81 |
| YTD Return | +7.41%Best | -3.45% |
| 1Y Return | +9.12%Best | -2.11% |
| 3Y Return (annualized) | +13.34%Best | +2.46% |
| 5Y Return (annualized) | +8.37%Best | +2.55% |
| Volatility (annualized) | 13.0%Best | 19.0% |
| Max Drawdown | -27.8%Best | -40.9% |
| $10,000 over 5 years | $14,947Best | $11,342 |
| Fund Family | Absolute Funds | Madison Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 21, 2020 | Jul 28, 2004 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 22, 2020 to Oct 14, 2026 (6.7 years).
ABEQ vs MCN growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.7 years both funds cover.
ABEQ vs MCN Performance
Absolute Select Value ETF (ABEQ) is an ETF from Absolute Funds and XAI Madison Equity Premium Income Fund (MCN) is an ETF from Madison Funds. Over the past year ABEQ returned +9.12% while MCN returned -2.11%. Year to date, ABEQ is up 7.41% versus a loss of 3.45% for MCN.
Over three years, ABEQ compounded at +13.34% per year against +2.46% for MCN; over five years the annualized figures are +8.37% and +2.55% respectively. Across the full 7-year window we track, ABEQ has the edge at +7.80% annualized vs +5.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCN has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 13.0% for ABEQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -27.8% for ABEQ and -40.9% for MCN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Holdings Overlap
At least 7.9% of MCN's money is in holdings ABEQ also owns.
Stated as a floor: for ABEQ, our book for it covers 83.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
MCN and ABEQ share little of their money.
The two holdings books were reported 63 days apart, ABEQ as of Oct 2, 2026 and MCN as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
4 positions in common, counted across the 20 positions we hold weights for in ABEQ and 41 in MCN, against full books of 46 and 81.
You are not choosing between two funds in isolation.
Whichever of ABEQ and MCN you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which performed better, ABEQ or MCN?
Over the past year ABEQ returned +9.12% vs -2.11% for MCN, so ABEQ leads on 1-year performance. Over the longest common window we track (7 years), ABEQ annualized +7.80% vs +5.64% for MCN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ABEQ or MCN?
MCN has been the more volatile fund at 19.0% annualized versus 13.0% for ABEQ. Worst drawdown: ABEQ -27.8% vs MCN -40.9%.
Should I hold both ABEQ and MCN?
ABEQ and MCN have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ABEQ and MCN?
At least 7.9% of MCN's money is in holdings ABEQ also owns. Our book for ABEQ is partial, so the real figure is this or higher. They hold 4 positions in common, counted across the 20 positions we hold weights for in ABEQ and 41 in MCN.
Which pays a higher dividend, ABEQ or MCN?
ABEQ yields 1.22% while MCN yields 12.00%, so MCN currently pays the higher dividend yield.
Is MCN better than ABEQ?
ABEQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.