Data as of .
CVRD vs GRNI: which paid, and which earned it?
CVRD and GRNI both write options for income.
What they hold in common
By the books each fund has filed, CVRD and GRNI hold 13% of their money in the same securities at the same weight.
| Holding | CVRD | GRNI |
|---|---|---|
| Amazon.com Inc | 4.06% | 2.99% |
| Broadcom Inc | 3.57% | 2.90% |
| Union Pacific Corp | 3.17% | 2.38% |
| Microsoft Corp | 3.88% | 2.37% |
| Meta Platforms Inc | 2.66% | 2.23% |
| Only in CVRD | Only in GRNI |
|---|---|
| Palo Alto Networks Inc 4.84% | Advanced Micro Devices Inc 4.11% |
| Archer-Daniels-Midland Co 4.58% | Quanta Services Inc 3.23% |
| Danaher Corp 4.32% | GE Vernova Inc 3.08% |
| Agilent Technologies Inc 3.98% | Strategy Inc 3.04% |
| Visa Inc 3.68% | Alphabet Inc 2.96% |
| PepsiCo Inc 3.07% | Arista Networks Inc 2.86% |
| Blackrock Inc 3.03% | Netflix Inc 2.79% |
| American Tower Corp 2.99% | KLA Corp 2.75% |
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 | GRNI | CVRD | GRNI | CVRD | GRNI | |
| 3 months | +4.0% | +2.1% | 1.7% | 2.5% | +1.7 pts | −0.2 pts |
| 6 months | +5.7% | +16.3% | 3.3% | 5.4% | −12.3 pts | −1.8 pts |
| 1 year | +5.6% | not published | 7.4% | not published | −11.0 pts | not published |
| 3 years | +19.5% | not published | 25.9% | not published | −58.9 pts | not published |
| Since launch | +21.1% | +14.5% | 26.3% | 7.8% | −59.8 pts | −2.1 pts |
| CVRD Madison Covered Call ETF Covered call on SPY, paying quarterly | GRNI Fundstrat Granny Shots US Large Cap & Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Madison | Fundstrat |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | quarterly | monthly |
| Payout rate, annualized | 6.5% | 10.0% |
| Expense ratio | 0.92% | 0.99% |
| Cash paid, 1 year | 7.4% | 7.8% (since launch on Nov 18, 2025) |
| Price change, 1 year | −2.2% | +6.2% |
| Total return, 1 year | +5.6% | +14.5% (since launch on Nov 18, 2025) |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −11.0 pts | −2.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1123 days | 304 days |
| Net assets | $32m | $49m |
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.
GRNI in plain words
Over the period since launch on Nov 18, 2025 to Sep 18, 2026, GRNI paid 7.8% of its starting value in cash distributions while its price rose 6.2%. With every distribution reinvested, the fund returned +14.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 10.0%, paid monthly.
Questions people ask
- Which is cheaper, CVRD or GRNI?
- CVRD charges 0.92% a year and GRNI charges 0.99%, 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.
Cite this page. ETFIQ, CVRD against GRNI, data as of Sep 18, 2026. https://etfiq.com/compare/income/cvrd-vs-grni Free to use with attribution; the underlying files are at Open data.