COSM vs MCN: Correlation
How closely do Cosmos Health Inc. (COSM) and XAI Madison Equity Premium Income Fund (MCN) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COSM and MCN?
On 3 years of weekly data the COSM/MCN correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.35 over 3. The 5-year figure is -0.08, and annualized covariance runs at 505.8 %².
Within COSM's tracked universe of 10 assets, MCN comes in at #4 by 3-year correlation. The last year tells two different stories: MCN led by 74.9 percentage points, -73.1% for COSM against +1.8% for MCN. Note the risk asymmetry: COSM runs 7.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
COSM vs MCN: side by side
| COSM (Cosmos Health Inc.) | MCN (XAI Madison Equity Premium Income Fund) | |
|---|---|---|
| 1-year return | -73.1% | +1.8% |
| 5-year return | -95.1% | +17.0% |
| Volatility (ann.) | 102.9% | 13.9% |
| Beta vs S&P 500 | 2.19 | 0.46 |
| Max drawdown (3Y) | -90.9% | -24.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 18.2 |
| Dividend yield | 0.00% | 12.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COSM | MCN |
|---|---|---|
| 2022 | +35.3% | +6.3% |
| 2023 | -69.1% | +7.0% |
| 2024 | -52.6% | -1.5% |
| 2025 | -25.6% | +0.7% |
| 2026 | -56.6% | +2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COSM and MCN good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COSM and MCN?
As of 2026-08-27, the correlation of weekly returns between COSM and MCN is 0.35 over 3 years, 0.34 over 1 year and -0.08 over 5 years.
Is MCN a good diversifier for COSM?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cosm-vs-mcn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cosm-vs-mcn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COSM correlations · MCN correlations
