Which is cheaper, CDPI or SDVD?

CDPI charges 0.45% a year and SDVD charges 0.85%, so CDPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

CDPI vs SDVD: Dividend Yield & Total Return

CDPI and SDVD both write options for income.

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Net assets: $903m on Nov 3, 2026 for FT Vest SMID Rising Dividend Achievers Target Income ETF, beside Columbia High Dividend Premium Income ETF.

CDPI on its own →SDVD on its own →

At a glance

1.5%

CDPI cash paid, since launch, Jul 14, 2026

9.7%

SDVD cash paid, 1 year

+1.6%

CDPI total return, since launch, Jul 14, 2026

+18.9%

SDVD total return, 1 year

CDPI · since launch to Nov 4, 2026 Not measured

CDPI

+1.6%

none

Not measured

CDPI since launch: paid 1.5%, price +0.1%, total +1.6%, not measured against a benchmark. Data to Nov 4, 2026.

CDPI

+1.6%

Total return, distributions reinvested

Not measured

CDPI since launch: paid 1.5%, price +0.1%, total +1.6%, not measured against a benchmark. Data to Nov 4, 2026.

CDPI

+1.6%

1.5% of it arrived as cash. Total return, distributions reinvested. CDPI since launch: paid 1.5%, price +0.1%, total +1.6%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SDVD · 1 year to Nov 4, 2026 1.4 pts ahead of SDVY

SDVD

+18.9%

SDVY

+17.5%

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% of it arrived as cash

1.4 pts ahead of SDVY

Total return, distributions reinvested

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% cash

1.4 pts ahead of SDVY

9.7% of it arrived as cash. Both charts share one scale, 0 to +18.9%. SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +18.9%. Data to Nov 4, 2026.

Pair scorecard

CDPI costs 0.40 points a year less.

Points (pts) are percentage points.

CDPI vs SDVD: Dividend Yield & Total Return
Measure	CDPI	SDVD
Paid and earned
Measure	CDPI	SDVD
Total return, 1 year	not published	+18.9%
Price change	rose 0.1% (since Jul 14, 2026)	rose 8.6% (1 year)
Return of capital, issuer estimate	76% of the Oct 5, 2026 payment	22% of the Oct 30, 2026 payment
Against its benchmark
Measure	CDPI	SDVD
Benchmark	not published	First Trust SMID Cap Rising Dividend Achievers ETF, measured through SDVY
Cost and size
Measure	CDPI	SDVD
Expense ratio	0.45%	0.85%
Net assets	not read by ETFIQ	$903m
Holdings
Measure	CDPI	SDVD
Holdings in common	not published

Method

Side by side

CDPI Columbia High Dividend Premium Income ETF · Covered call, paying monthly SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF · Writes calls on the Russell 2000, investing in the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, paying monthly

Issuer Columbia First Trust

Strategy covered call dividend stocks with call overlay

Benchmark none First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)

Pays monthly monthly

Payout rate, annualized 8.0% 8.2%

Expense ratio 0.45% 0.85%

Cash paid, 1 year 1.5% (since launch, Jul 14, 2026) 9.7%

Price change, 1 year +0.1% (since launch, Jul 14, 2026) +8.6%

Total return, 1 year +1.6% (since launch, Jul 14, 2026) +18.9%

Benchmark return, 1 year not published +17.5%

Ahead or behind not available +1.4 pts

Return of capital, latest estimate 76% 22%

Age 113 days 3.2 years

Net assets not read by ETFIQ $903m

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: CDPI vs SDVD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CDPI	SDVD	CDPI	SDVD	CDPI	SDVD
3 months	+0.4%	−2.3%	1.5%	2.0%	not measured	+0.5 pts
6 months	–	+3.3%	–	4.1%	–	+0.9 pts
1 year	–	+18.9%	–	9.7%	–	+1.4 pts
3 years	–	+60.8%	–	31.3%	–	+1.0 pts
Since launchNot the same days: CDPI Jul 2026 · SDVD Aug 2023	+1.6%	+53.9%	1.5%	31.3%	not measured	+1.9 pts

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Alert

About each fund

CDPI

Over the period from its first trade on Jul 14, 2026 to Nov 4, 2026, CDPI paid 1.5% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +1.6%. At its price on Nov 4, 2026 the latest distribution annualizes to 8.0%, paid monthly. Columbia estimates that 76% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

SDVD

Over the year to Nov 4, 2026, SDVD paid 9.7% of its starting value in cash distributions while its price rose 8.6%. With every distribution reinvested, the fund returned +18.9%. First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) returned +17.5% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.2%, paid monthly. First Trust estimates that 22% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, CDPI or SDVD?: CDPI charges 0.45% a year and SDVD charges 0.85%, so CDPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

CDPI vs RDVI CDPI vs SIOO CDPI vs YQQQ CDPI vs XSHP SDVD vs CVRD SDVD vs DDDD SDVD vs DJIA SDVD vs DOGG

Where to next

First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →CDPI on its own →SDVD on its own →CDPI dividend history →SDVD dividend history →SDVD holdings →Method →Standards and sources →

Sources and dates

CDPI filings on SEC EDGAR ↗

CDPI prospectus with the expense ratio (SEC) ↗

CDPI 19a-1 distribution notice ↗

Columbia website ↗

SDVD filings on SEC EDGAR ↗

SDVD prospectus with the expense ratio (SEC) ↗

SDVD 19a-1 distribution notice ↗

First Trust page for SDVD ↗

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

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, CDPI against SDVD, data as of Nov 4, 2026. https://etfiq.com/compare/income/cdpi-vs-sdvd

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