XAI Madison Equity Premium Income Fund (MCN) — Stock Correlations & Overview
Over the past year, MCN has moved most closely with IUS, EQAL, FNDB. Explore the stocks most correlated and inversely correlated with MCN below, along with its price, financials, and company profile.
Stocks correlated with MCN
Correlation of daily returns. Higher positive values move with MCN; negative values move opposite it. Informational only, not investment advice.
Most correlated with MCN
| Symbol | Company | Correlation |
|---|---|---|
| IUS | Invesco Exchange-Traded Self-Indexed Fund Trust Invesco RAFI Strategic US ETF | 0.62 |
| EQAL | Invesco Russell 1000 Equal Weight ETF | 0.61 |
| FNDB | Schwab Fundamental U.S. Broad Market ETF | 0.60 |
| VLU | State Street SPDR S&P 1500 Value Tilt ETF | 0.60 |
| FNDX | Schwab Fundamental U.S. Large Company ETF | 0.60 |
Frequently asked questions about MCN correlations
- Which stocks are most correlated with MCN?
- Based on one year of daily returns, the stocks most correlated with XAI Madison Equity Premium Income Fund (MCN) are IUS (0.62), EQAL (0.61) and FNDB (0.60). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MCN?
- Over the past year, the stocks most inversely correlated with XAI Madison Equity Premium Income Fund (MCN) are SDD (-0.52), SBB (-0.52) and SMDD (-0.52). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MCN correlations calculated?
- We compute the correlation of daily returns between MCN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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