DIVY vs MCN
Sound Equity Dividend Income ETF vs XAI Madison Equity Premium Income Fund
Which is better, DIVY or MCN?
DIVY has been ahead.
DIVY led over 1Y, 3Y, 5Y and the full window. DIVY is less concentrated, with 38.1% of the fund in its ten largest positions against 43.1%.
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 | DIVY | MCN |
|---|---|---|
| Expense Ratio | 0.45% | - |
| AUM | $28M | $130M |
| Dividend Yield | 3.17% | 12.00% |
| Holdings | 37 | 81 |
| YTD Return | +15.29%Best | -3.45% |
| 1Y Return | +20.89%Best | -2.11% |
| 3Y Return (annualized) | +10.82%Best | +2.46% |
| 5Y Return (annualized) | +7.72%Best | +2.55% |
| Volatility (annualized) | 15.1%Best | 17.5% |
| Max Drawdown | -18.3%Best | -24.5% |
| $10,000 over 5 years | $14,504Best | $11,342 |
| Top 10 Weight | 38.1%Best | 43.1% |
| Fund Family | Sound Income Strategies | Madison Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 30, 2020 | Jul 28, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Dec 31, 2020 to Oct 14, 2026 (5.8 years).
DIVY 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 5.8 years both funds cover.
DIVY vs MCN Performance
Sound Equity Dividend Income ETF (DIVY) is an ETF from Sound Income Strategies and XAI Madison Equity Premium Income Fund (MCN) is an ETF from Madison Funds. Over the past year DIVY returned +20.89% while MCN returned -2.11%. Year to date, DIVY is up 15.29% versus a loss of 3.45% for MCN.
Over three years, DIVY compounded at +10.82% per year against +2.46% for MCN; over five years the annualized figures are +7.72% and +2.55% respectively. Across the full 6-year window we track, DIVY has the edge at +11.31% annualized vs +6.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCN has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 15.1% for DIVY. 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 -18.3% for DIVY and -24.5% 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 0.63. They move together some of the time, and apart the rest.
Holdings Overlap
5.6% of DIVY's money is in holdings MCN also owns. 15.4% of MCN's money is in holdings DIVY also owns.
MCN and DIVY share little of their money.
The two holdings books were reported 62 days apart, DIVY as of Oct 1, 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.
3 positions in common, counted across the 36 positions we hold weights for in DIVY and 41 in MCN, against full books of 37 and 81.
What only one of them owns
Our book lists 34 positions for MCN that do not appear in our book for DIVY (81.0% of the fund), and 30 for DIVY that do not appear in MCN (85.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of DIVY 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, DIVY or MCN?
Over the past year DIVY returned +20.89% vs -2.11% for MCN, so DIVY leads on 1-year performance. Over the longest common window we track (6 years), DIVY annualized +11.31% vs +6.39% for MCN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVY or MCN?
MCN has been the more volatile fund at 17.5% annualized versus 15.1% for DIVY. Worst drawdown: DIVY -18.3% vs MCN -24.5%.
Should I hold both DIVY and MCN?
DIVY and MCN have a monthly-return correlation of 0.63, 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 DIVY and MCN?
15.4% of MCN's money is in holdings DIVY also owns. 15.4% of MCN's is in holdings DIVY also owns. They hold 3 positions in common, counted across the 36 positions we hold weights for in DIVY and 41 in MCN.
Which pays a higher dividend, DIVY or MCN?
DIVY yields 3.17% while MCN yields 12.00%, so MCN currently pays the higher dividend yield.
Is MCN better than DIVY?
DIVY led over 1Y, 3Y, 5Y and the full window. DIVY is less concentrated, with 38.1% of the fund in its ten largest positions against 43.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.