Which paid more, BALI or CVRD?

Over the year to Nov 4, 2026, BALI paid 8.4% of its starting price in cash and CVRD paid 7.7%, so BALI paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, BALI returned +17.6% and CVRD +12.7% over the year to Nov 4, 2026.

Which is cheaper, BALI or CVRD?

BALI charges 0.35% a year and CVRD charges 0.90%, so BALI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

BALI vs CVRD: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, BALI paid 8.4% of its price in cash against CVRD’s 7.7%, and returned more with it reinvested.

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Net assets: $1.5bn on Nov 3, 2026 for iShares U.S. Large Cap Premium Income Active ETF, and $32m on Jun 30, 2026 for Madison Covered Call ETF.

BALI on its own →CVRD on its own →

At a glance

8.4%

BALI cash paid, 1 year

7.7%

CVRD cash paid, 1 year

+17.6%

BALI total return, 1 year

+12.7%

CVRD total return, 1 year

BALI · 1 year to Nov 4, 2026 2.8 pts ahead of SPY

BALI

+17.6%

SPY

+14.8%

2.8 pts ahead of SPY

BALI over 1 year: paid 8.4%, price +8.4%, total +17.6%, SPY +14.8%, +2.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

BALI

+17.6%

8.4% of it arrived as cash

2.8 pts ahead of SPY

Total return, distributions reinvested

2.8 pts ahead of SPY

BALI over 1 year: paid 8.4%, price +8.4%, total +17.6%, SPY +14.8%, +2.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

BALI

+17.6%

2.8 pts ahead of SPY

8.4% of it arrived as cash. Total return, distributions reinvested. BALI over 1 year: paid 8.4%, price +8.4%, total +17.6%, SPY +14.8%, +2.8 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, 0 to +23.1%. 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.

Both charts share one scale, 0 to +23.1%. Data to Nov 4, 2026.

Pair scorecard

BALI costs 0.55 points a year less; their one-year returns differ by 4.9 points.

Points (pts) are percentage points.

BALI vs CVRD: Dividend Yield & Total Return
Measure	BALI	CVRD
Paid and earned
Measure	BALI	CVRD
Total return, 1 year	+17.6%	+12.7%
Price change, 1 year	rose 8.4%	rose 4.3%
Return of capital, issuer estimate	84% of the Nov 5, 2026 payment
Against its benchmark
Measure	BALI	CVRD
Benchmark	S&P 500, measured through SPY	its own stocks
Cost and size
Measure	BALI	CVRD
Expense ratio	0.35%	0.90%
Net assets, BALI as of Nov 3, 2026 and CVRD as of Jun 30, 2026	$1.5bn	$32m
Holdings
Measure	BALI	CVRD
Holdings in common	16%

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

IQ Income Score88.3BALI80.5CVRD

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

BALI 88.3

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

16%

By the books each fund has filed, BALI and CVRD hold 16% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

16% in common

Positions both hold · largest shared weight first BALI CVRD

MICROSOFT 5.46% 3.85%

AMAZON.COM INC 3.33% 4.03%

BROADCOM INC 2.12% 3.55%

VISA CLASS A 1.66% 3.65%

META PLATFORMS CLASS A 1.63% 2.64%

PEPSICO 0.68% 3.05%

NEXTERA ENERGY 0.56% 2.47%

ADOBE INC 0.43% 2.82%

ARCHER DANIELS MIDLAND 0.39% 4.54%

LOWES COMPANIES INC 0.37% 2.97%

PALO ALTO NETWORKS 0.31% 4.80%

QUALCOMM 0.27% 2.02%

Only in one fund ↓

Only in BALI

NVIDIA 6.95%

APPLE 6.17%

ALPHABET CLASS A 2.09%

ALPHABET CLASS C 1.95%

EXXONMOBIL HOLDINGS CORP 1.93%

BERKSHIRE HATHAWAY INC CLASS B 1.88%

CHEVRON 1.81%

COSTCO WHOLESALE CORP 1.78%

Only in CVRD

Danaher Corp 4.29%

Agilent Technologies Inc 3.95%

Union Pacific Corp 3.15%

Blackrock Inc 3.01%

American Tower Corp 2.97%

Matador Resources Co 2.96%

Transocean Ltd 2.91%

Marsh & McLennan Cos Inc 2.82%

Check overlap with more funds →

Side by side

BALI iShares U.S. Large Cap Premium Income Active ETF · Covered call on SPY, paying monthly CVRD Madison Covered Call ETF · Covered call on its own stocks, paying quarterly

Issuer iShares Madison

Strategy covered call 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 monthly quarterly

Payout rate, annualized 6.5% 6.3%

Expense ratio 0.35% 0.90%

Cash paid, 1 year 8.4% 7.7%

Price change, 1 year +8.4% +4.3%

Total return, 1 year +17.6% +12.7%

Benchmark return, 1 year +14.8% +23.1%

Ahead or behind +2.8 pts −10.4 pts

Return of capital, latest estimate 84% not published

Age 3.1 years 3.2 years

Net assets, BALI as of Nov 3, 2026 and CVRD as of Jun 30, 2026 $1.5bn $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: BALI vs CVRD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BALI	CVRD	BALI	CVRD	BALI	CVRD
3 months	0.0%	+5.7%	1.7%	1.6%	+0.1 pts	−0.8 pts
6 months	+6.5%	+5.8%	3.7%	3.2%	+1.4 pts	−3.8 pts
1 year	+17.6%	+12.7%	8.4%	7.7%	+2.8 pts	−10.4 pts
3 years	+74.1%	+26.9%	29.6%	27.7%	−8.8 pts	not measured
Since launchNot the same days: BALI Sep 2023 · CVRD Aug 2023	+77.2%	+27.2%	30.6%	27.8%	−8.4 pts	not measured

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About each fund

BALI

Over the year to Nov 4, 2026, BALI paid 8.4% of its starting value in cash distributions while its price rose 8.4%. With every distribution reinvested, the fund returned +17.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 2.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.5%, paid monthly. iShares estimates that 84% of the distribution paid Nov 5, 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, BALI or CVRD?: Over the year to Nov 4, 2026, BALI paid 8.4% of its starting price in cash and CVRD paid 7.7%, so BALI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, BALI or CVRD?: With every distribution reinvested, BALI returned +17.6% and CVRD +12.7% over the year to Nov 4, 2026.
Which is cheaper, BALI or CVRD?: BALI charges 0.35% a year and CVRD charges 0.90%, so BALI is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

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

Sources and dates

BALI filings on SEC EDGAR ↗

BALI prospectus with the expense ratio (SEC) ↗

BALI 19a-1 distribution notice ↗

iShares page for BALI ↗

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

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