CRWS vs MCN: Correlation
Crown Crafts, Inc. (CRWS) and XAI Madison Equity Premium Income Fund (MCN) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWS and MCN?
Over the past 3 years, CRWS and MCN moved with a correlation of 0.46, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 156.1 %².
MCN is one of the assets that tracks CRWS most closely: it ranks #1 out of the 13 assets we track against CRWS. Twelve-month performance is nearly a tie, at +5.3% for CRWS and +1.8% for MCN. One caveat on sizing: CRWS is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CRWS vs MCN: side by side
| CRWS (Crown Crafts, Inc.) | MCN (XAI Madison Equity Premium Income Fund) | |
|---|---|---|
| 1-year return | +5.3% | +1.8% |
| 5-year return | -41.3% | +17.0% |
| Volatility (ann.) | 24.2% | 13.9% |
| Beta vs S&P 500 | 0.48 | 0.46 |
| Max drawdown (3Y) | -48.8% | -24.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | 6.3 | 18.2 |
| Dividend yield | 10.88% | 12.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRWS | MCN |
|---|---|---|
| 2022 | -22.7% | +6.3% |
| 2023 | -1.2% | +7.0% |
| 2024 | -3.4% | -1.5% |
| 2025 | -31.7% | +0.7% |
| 2026 | +10.8% | +2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRWS and MCN good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRWS and MCN?
The CRWS/MCN correlation stands at 0.46 on a 3-year window (1 year: 0.54, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is MCN a good diversifier for CRWS?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/crws-vs-mcn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crws-vs-mcn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRWS correlations · MCN correlations
