MCN vs MVPA
XAI Madison Equity Premium Income Fund vs Miller Value Partners Appreciation ETF
Which is better, MCN or MVPA?
MVPA has been ahead.
MVPA led over 1Y and the full window. MCN is less concentrated, with 43.1% of the fund in its ten largest positions against 50.0%.
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 | MCN | MVPA |
|---|---|---|
| Expense Ratio | - | 0.60% |
| AUM | $130M | $70M |
| Dividend Yield | 12.00% | 0.54% |
| Holdings | 81 | 38 |
| YTD Return | -3.45% | +4.30%Best |
| 1Y Return | -2.11% | +3.34%Best |
| 3Y Return (annualized) | +2.46% | - |
| 5Y Return (annualized) | +2.55% | - |
| Volatility (annualized) | 13.4%Best | 21.5% |
| Max Drawdown | -24.5%Best | -25.9% |
| $10,000 over 2.7 years | $10,297 | $14,339Best |
| Top 10 Weight | 43.1%Best | 50.0% |
| Fund Family | Madison Funds | Miller Value Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jul 28, 2004 | Jan 30, 2024 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 31, 2024 to Oct 14, 2026 (2.7 years).
MCN vs MVPA 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 2.7 years both funds cover.
MCN vs MVPA Performance
XAI Madison Equity Premium Income Fund (MCN) is an ETF from Madison Funds and Miller Value Partners Appreciation ETF (MVPA) is an ETF from Miller Value Funds. Over the past year MCN returned -2.11% while MVPA returned +3.34%. Year to date, MCN is down 3.45% versus a gain of 4.30% for MVPA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVPA has been the more volatile fund, with annualized monthly volatility of 21.5% compared with 13.4% for MCN. 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 -24.5% for MCN and -25.9% for MVPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Holdings Overlap
6.3% of MVPA's money is in holdings MCN also owns.
MVPA and MCN share little of their money.
The two holdings books were reported 62 days apart, MCN as of Jul 31, 2026 and MVPA as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 41 positions we hold weights for in MCN and 35 in MVPA, against full books of 81 and 38.
What only one of them owns
Our book lists 34 positions for MVPA that do not appear in our book for MCN (93.4% of the fund), and 37 for MCN that do not appear in MVPA (96.5%).
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.
Top Shared Holdings
| Stock | Weight in MCN | Weight in MVPA | Difference |
|---|---|---|---|
| METAMeta Platforms Inc | 0.00% | 6.32% | 6.32% |
You are not choosing between two funds in isolation.
Whichever of MCN and MVPA 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, MCN or MVPA?
Over the past year MCN returned -2.11% vs +3.34% for MVPA, so MVPA leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MCN or MVPA?
MVPA has been the more volatile fund at 21.5% annualized versus 13.4% for MCN. Worst drawdown: MCN -24.5% vs MVPA -25.9%.
Should I hold both MCN and MVPA?
MCN and MVPA have a monthly-return correlation of 0.48, 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 MCN and MVPA?
6.3% of MVPA's money is in holdings MCN also owns. 6.3% of MVPA's is in holdings MCN also owns. They hold 1 positions in common, counted across the 41 positions we hold weights for in MCN and 35 in MVPA.
Which pays a higher dividend, MCN or MVPA?
MCN yields 12.00% while MVPA yields 0.54%, so MCN currently pays the higher dividend yield.
Is MVPA better than MCN?
MVPA led over 1Y and the full window. MCN is less concentrated, with 43.1% of the fund in its ten largest positions against 50.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.