Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

CVRD vs DRKY: which paid, and which earned it?

CVRD and DRKY both write options for income.

Madison Covered Call ETF and VistaShares Target 15 DRUKMacro Distribution ETF.

7.4%CVRD cash paid, 1 year
14.1%DRKY cash paid, 1 year
+5.6%CVRD total return, 1 year
+24.1%DRKY total return, 1 year
CVRD11 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%CVRD+5.6%7.4% as cash11 pts behind SPYTotal return, distributions reinvestedSPY+16.6%CVRD+5.6%11 pts behind SPY
DRKY9.7 pts ahead of SPY · since launch to Sep 18, 2026
SPY+14.4%DRKY+24.1%14.1% of it arrived as cash9.7 pts ahead of SPYTotal return, distributions reinvestedSPY+14.4%DRKY+24.1%14.1% cash9.7 pts ahead of SPY

What they hold in common

By the books each fund has filed, CVRD and DRKY hold 4% of their money in the same securities at the same weight.

Positions CVRD and DRKY both hold, largest shared weight first
HoldingCVRDDRKY
Amazon.com Inc4.06%4.42%
Only in each
Only in CVRDOnly in DRKY
Palo Alto Networks Inc 4.84%Natera Inc 25.22%
Archer-Daniels-Midland Co 4.58%Taiwan Semiconductor Manufacturing Co Ltd 9.17%
Danaher Corp 4.32%STMicroelectronics NV 7.49%
Agilent Technologies Inc 3.98%YPF SA 4.78%
Microsoft Corp 3.88%Insmed Inc 4.62%
Visa Inc 3.68%Seagate Technology Holdings PLC 4.52%
Broadcom Inc 3.57%Alphabet Inc 4.45%
Union Pacific Corp 3.17%BBB Foods Inc 4.29%

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 Jun 30, 2026 and Sep 21, 2026.

Performance, window by window

CVRD and DRKY over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
CVRDDRKYCVRDDRKYCVRDDRKY
3 months+4.0%+11.8%1.7%3.8%+1.7 pts+9.6 pts
6 months+5.7%+25.1%3.3%8.1%−12.3 pts+7.1 pts
1 year+5.6%not published7.4%not published−11.0 ptsnot published
3 years+19.5%not published25.9%not published−58.9 ptsnot published
Since launch+21.1%+24.1%26.3%14.1%−59.8 pts+9.7 pts
Open the live comparison on ETFIQ
CVRD and DRKY on the same fields, as of Sep 18, 2026. Source: ETFIQ.
CVRD
Madison Covered Call ETF
Covered call on SPY, paying quarterly
DRKY
VistaShares Target 15 DRUKMacro Distribution ETF
Covered call on SPY, paying monthly
IssuerMadisonVistaShares
Strategycovered callcovered call
BenchmarkS&P 500 (SPY), used as a default proxyS&P 500 (SPY), used as a default proxy
Paysquarterlymonthly
Payout rate, annualized6.5%14.8%
Expense ratio0.92%0.95%
Cash paid, 1 year7.4%14.1% (since launch on Oct 8, 2025)
Price change, 1 year−2.2%+8.1%
Total return, 1 year+5.6%+24.1% (since launch on Oct 8, 2025)
Benchmark return, 1 year+16.6%+14.4%
Ahead or behind−11.0 pts+9.7 pts
Return of capital, latest estimatenot publishednot published
Age1123 days345 days
Net assets$32m$19m

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.

DRKY in plain words

Over the period since launch on Oct 8, 2025 to Sep 18, 2026, DRKY paid 14.1% of its starting value in cash distributions while its price rose 8.1%. With every distribution reinvested, the fund returned +24.1%. S&P 500 (SPY), used as a default proxy returned +14.4% over the same days, so a holder was ahead by 9.7 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 14.8%, paid monthly.

Questions people ask

Which is cheaper, CVRD or DRKY?
CVRD charges 0.92% a year and DRKY charges 0.95%, so CVRD 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.

CVRD against DRKY, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, CVRD against DRKY, data as of Sep 18, 2026. https://etfiq.com/compare/income/cvrd-vs-drky Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources