Which paid more, APRJ or CVRD?

Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting price in cash and CVRD paid 7.7%, so CVRD paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, APRJ or CVRD?

With every distribution reinvested, APRJ returned +6.2% and CVRD +12.7% over the year to Nov 4, 2026.

Which is cheaper, APRJ or CVRD?

APRJ charges 0.79% a year and CVRD charges 0.90%, so APRJ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

APRJ vs CVRD: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, CVRD paid 7.7% of its price in cash against APRJ’s 6.2%, and returned more with it reinvested.

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Net assets: $27m on Nov 3, 2026 for Innovator Premium Income 30 Barrier ETF - April, and $32m on Jun 30, 2026 for Madison Covered Call ETF.

APRJ on its own →CVRD on its own →

At a glance

6.2%

APRJ cash paid, 1 year

7.7%

CVRD cash paid, 1 year

+6.2%

APRJ total return, 1 year

+12.7%

CVRD total return, 1 year

APRJ · 1 year to Nov 4, 2026 8.6 pts behind SPY

APRJ

+6.2%

SPY

+14.8%

8.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

SPY

+14.8%

APRJ

+6.2%

6.2% as cash

8.6 pts behind SPY

Total return, distributions reinvested

8.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

SPY

+14.8%

APRJ

+6.2%

8.6 pts behind SPY

6.2% of it arrived as cash. Total return, distributions reinvested. APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

CVRD · 1 year to Nov 4, 2026 10.4 pts behind its own stocks

CVRD

+12.7%

Own

+23.1%

10.4 pts behind its own stocks

CVRD over 1 year: paid 7.7%, price +4.3%, total +12.7%, its own stocks +23.1%, −10.4 pts. Data to Nov 4, 2026.

its own stocks

+23.1%

CVRD

+12.7%

7.7% of it arrived as cash

10.4 pts behind its own stocks

Total return, distributions reinvested

10.4 pts behind its own stocks

CVRD over 1 year: paid 7.7%, price +4.3%, total +12.7%, its own stocks +23.1%, −10.4 pts. Data to Nov 4, 2026.

its own stocks

+23.1%

CVRD

+12.7%

10.4 pts behind its own stocks

7.7% of it arrived as cash. Both charts share one scale, with zero at the line. CVRD over 1 year: paid 7.7%, price +4.3%, total +12.7%, its own stocks +23.1%, −10.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

APRJ costs 0.11 points a year less; their one-year returns differ by 6.5 points.

Points (pts) are percentage points.

APRJ vs CVRD: Dividend Yield & Total Return
Measure	APRJ	CVRD
Paid and earned
Measure	APRJ	CVRD
Total return, 1 year	+6.2%	+12.7%
Price change, 1 year	fell 0.1%	rose 4.3%
Return of capital, issuer estimate	53% of the Oct 2, 2026 payment
Against its benchmark
Measure	APRJ	CVRD
Benchmark	S&P 500, measured through SPY	its own stocks
Cost and size
Measure	APRJ	CVRD
Expense ratio	0.79%	0.90%
Net assets, APRJ as of Nov 3, 2026 and CVRD as of Jun 30, 2026	$27m	$32m
Holdings
Measure	APRJ	CVRD
Holdings in common	0%

ETFIQ Distribution Coverage Score · CVRD scores higher How much of what it paid out did its total return cover?

IQ Income Score56.6APRJ80.5CVRD

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

APRJ 56.6

CVRD 80.5

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

By the books each fund has filed, APRJ and CVRD hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first APRJ CVRD

Only in one fund ↓

Only in APRJ

Only in CVRD

Palo Alto Networks Inc 4.80%

Archer-Daniels-Midland Co 4.54%

Danaher Corp 4.29%

Amazon.com Inc 4.03%

Agilent Technologies Inc 3.95%

Microsoft Corp 3.85%

Visa Inc 3.65%

Broadcom Inc 3.55%

Check overlap with more funds →

Side by side

APRJ Innovator Premium Income 30 Barrier ETF - April · Defined income on SPY, paying quarterly CVRD Madison Covered Call ETF · Covered call on its own stocks, paying quarterly

Issuer Innovator Madison

Strategy defined income covered call

Benchmark S&P 500 (SPY) CVRD's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026)

Pays quarterly quarterly

Payout rate, annualized 6.9% 6.3%

Expense ratio 0.79% 0.90%

Cash paid, 1 year 6.2% 7.7%

Price change, 1 year −0.1% +4.3%

Total return, 1 year +6.2% +12.7%

Benchmark return, 1 year +14.8% +23.1%

Ahead or behind −8.6 pts −10.4 pts

Return of capital, latest estimate 53% not published

Age 3.6 years 3.2 years

Net assets, APRJ as of Nov 3, 2026 and CVRD as of Jun 30, 2026 $27m $32m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: APRJ vs CVRD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	APRJ	CVRD	APRJ	CVRD	APRJ	CVRD
3 months	+1.0%	+5.7%	1.7%	1.6%	+1.2 pts	−0.8 pts
6 months	+2.5%	+5.8%	3.4%	3.2%	−2.5 pts	−3.8 pts
1 year	+6.2%	+12.7%	6.2%	7.7%	−8.6 pts	−10.4 pts
3 years	+19.2%	+26.9%	17.7%	27.7%	−63.7 pts	not measured
Since launchNot the same days: APRJ Apr 2023 · CVRD Aug 2023	+24.5%	+27.2%	21.1%	27.8%	−70.4 pts	not measured

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Alert

About each fund

APRJ

Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +6.2%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 8.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.9%, paid quarterly. Innovator estimates that 53% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

CVRD

Over the year to Nov 4, 2026, CVRD paid 7.7% of its starting value in cash distributions while its price rose 4.3%. With every distribution reinvested, the fund returned +12.7%. CVRD's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +23.1% over the same days, so a holder was behind by 10.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.3%, paid quarterly.

Questions people ask

Which paid more, APRJ or CVRD?: Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting price in cash and CVRD paid 7.7%, so CVRD paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, APRJ or CVRD?: With every distribution reinvested, APRJ returned +6.2% and CVRD +12.7% over the year to Nov 4, 2026.
Which is cheaper, APRJ or CVRD?: APRJ charges 0.79% a year and CVRD charges 0.90%, so APRJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

APRJ vs HEMI APRJ vs GRNI APRJ vs JUDO APRJ vs RNTY CVRD vs OMAH CVRD vs ISPY CVRD vs BALI CVRD vs FTHI

Where to next

S&P 500 (SPY) →APRJ on its own →CVRD on its own →APRJ dividend history →CVRD dividend history →CVRD holdings →Method →Standards and sources →

Sources and dates

APRJ filings on SEC EDGAR ↗

APRJ prospectus with the expense ratio (SEC) ↗

APRJ 19a-1 distribution notice ↗

Innovator page for APRJ ↗

CVRD filings on SEC EDGAR ↗

CVRD prospectus with the expense ratio (SEC) ↗

Madison website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, APRJ against CVRD, data as of Nov 4, 2026. https://etfiq.com/compare/income/aprj-vs-cvrd

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.