Data as of .
CVRD vs FEPI: which paid, and which earned it?
Over the year FEPI paid 23.4% of its price in cash against CVRD’s 7.4%, and returned more with it reinvested.
ETFIQ Return Stability Score: CVRD 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, CVRD and FEPI hold 14% of their money in the same securities at the same weight.
| Holding | CVRD | FEPI |
|---|---|---|
| Amazon.com Inc | 4.06% | 5.21% |
| Microsoft Corp | 3.88% | 5.19% |
| Broadcom Inc | 3.57% | 8.05% |
| Meta Platforms Inc | 2.66% | 5.14% |
| Only in CVRD | Only in FEPI |
|---|---|
| Palo Alto Networks Inc 4.84% | ADVANCED MICRO DEVICES, INC. 9.98% |
| Archer-Daniels-Midland Co 4.58% | MICRON TECHNOLOGY, INC. 8.91% |
| Danaher Corp 4.32% | ALPHABET INC. 8.83% |
| Agilent Technologies Inc 3.98% | NVIDIA CORPORATION 7.76% |
| Visa Inc 3.68% | TESLA, INC. 7.47% |
| Union Pacific Corp 3.17% | INTEL CORPORATION 5.24% |
| PepsiCo Inc 3.07% | PALANTIR TECHNOLOGIES INC. 5.17% |
| Blackrock Inc 3.03% | APPLOVIN CORPORATION 5.16% |
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 | |||
|---|---|---|---|---|---|---|
| CVRD | FEPI | CVRD | FEPI | CVRD | FEPI | |
| 3 months | +4.0% | +2.9% | 1.7% | 6.0% | +1.7 pts | +5.4 pts |
| 6 months | +5.7% | +17.2% | 3.3% | 12.8% | −12.3 pts | −7.1 pts |
| 1 year | +5.6% | +15.7% | 7.4% | 23.4% | −11.0 pts | −6.1 pts |
| 3 years | +19.5% | not published | 25.9% | not published | −58.9 pts | not published |
| Since launch | +21.1% | +69.0% | 26.3% | 66.8% | −59.8 pts | −28.5 pts |
| CVRD Madison Covered Call ETF Covered call on SPY, paying quarterly | FEPI REX FANG & Innovation Equity Premium Income ETF Covered call on QQQ, paying weekly | |
|---|---|---|
| Issuer | Madison | REX |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | Nasdaq-100 (QQQ), used as the innovation proxy |
| Pays | quarterly | weekly |
| Payout rate, annualized | 6.5% | 24.9% |
| Expense ratio | 0.92% | 0.65% |
| Cash paid, 1 year | 7.4% | 23.4% |
| Price change, 1 year | −2.2% | −10.0% |
| Total return, 1 year | +5.6% | +15.7% |
| Benchmark return, 1 year | +16.6% | +21.8% |
| Ahead or behind | −11.0 pts | −6.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1123 days | 1073 days |
| Net assets | $32m | $713m |
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.
FEPI in plain words
Over the year to Sep 18, 2026, FEPI paid 23.4% of its starting value in cash distributions while its price fell 10.0%. With every distribution reinvested, the fund returned +15.7%. Nasdaq-100 (QQQ), used as the innovation proxy returned +21.8% over the same days, so a holder was behind by 6.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 24.9%, paid weekly.
Questions people ask
- Which paid more, CVRD or FEPI?
- Over the year to Sep 18, 2026, CVRD paid 7.4% of its starting price in cash and FEPI paid 23.4%, so FEPI paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, CVRD or FEPI?
- With every distribution reinvested, CVRD returned +5.6% and FEPI returned +15.7% over the year to Sep 18, 2026, so FEPI returned more.
- Which is cheaper, CVRD or FEPI?
- CVRD charges 0.92% a year and FEPI charges 0.65%, so FEPI 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, CVRD against FEPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/cvrd-vs-fepi Free to use with attribution; the underlying files are at Open data.