Data as of .
APRJ vs CVRD: which paid, and which earned it?
Over the year CVRD paid 7.4% of its price in cash against APRJ’s 5.7% and the two finished level on total return.
ETFIQ Return Stability Score: APRJ scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, APRJ and CVRD hold 0% of their money in the same securities at the same weight.
| Only in APRJ | Only in CVRD |
|---|---|
| TREASURY BILL 95.06% | Palo Alto Networks Inc 4.84% |
| TREASURY BILL 1.66% | Archer-Daniels-Midland Co 4.58% |
| TREASURY BILL 1.65% | Danaher Corp 4.32% |
| TREASURY BILL 1.64% | Amazon.com Inc 4.06% |
| Agilent Technologies Inc 3.98% | |
| Microsoft Corp 3.88% | |
| Visa Inc 3.68% | |
| Broadcom Inc 3.57% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| APRJ | CVRD | APRJ | CVRD | APRJ | CVRD | |
| 3 months | +1.3% | +4.0% | 1.7% | 1.7% | −1.0 pts | +1.7 pts |
| 6 months | +3.8% | +5.7% | 3.0% | 3.3% | −14.2 pts | −12.3 pts |
| 1 year | +6.0% | +5.6% | 5.7% | 7.4% | −10.5 pts | −11.0 pts |
| 3 years | +19.3% | +19.5% | 17.4% | 25.9% | −59.1 pts | −58.9 pts |
| Since launch | +23.7% | +21.1% | 19.4% | 26.3% | −69.9 pts | −59.8 pts |
| APRJ Innovator Premium Income 30 Barrier ETF - April Defined income on SPY, paying quarterly | CVRD Madison Covered Call ETF Covered call on SPY, paying quarterly | |
|---|---|---|
| Issuer | Innovator | Madison |
| Strategy | defined income | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | quarterly | quarterly |
| Payout rate, annualized | 6.8% | 6.5% |
| Expense ratio | 0.79% | 0.92% |
| Cash paid, 1 year | 5.7% | 7.4% |
| Price change, 1 year | +0.1% | −2.2% |
| Total return, 1 year | +6.0% | +5.6% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −10.5 pts | −11.0 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1264 days | 1123 days |
| Net assets | $31m | $32m |
APRJ in plain words
Over the year to Sep 18, 2026, APRJ paid 5.7% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +6.0%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 10.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.8%, paid quarterly.
CVRD in plain words
Over the year to Sep 18, 2026, CVRD paid 7.4% of its starting value in cash distributions while its price fell 2.2%. With every distribution reinvested, the fund returned +5.6%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 11.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.5%, paid quarterly.
Questions people ask
- Which paid more, APRJ or CVRD?
- Over the year to Sep 18, 2026, APRJ paid 5.7% of its starting price in cash and CVRD paid 7.4%, 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 +6.0% and CVRD returned +5.6% over the year to Sep 18, 2026, so APRJ returned more.
- Which is cheaper, APRJ or CVRD?
- APRJ charges 0.79% a year and CVRD charges 0.92%, so APRJ is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, APRJ against CVRD, data as of Sep 18, 2026. https://etfiq.com/compare/income/aprj-vs-cvrd Free to use with attribution; the underlying files are at Open data.