Which paid more, CVRD or ISPY?

Over the year to Nov 4, 2026, CVRD paid 7.7% of its starting price in cash and ISPY paid 6.2%, so CVRD 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 ISPY?

With every distribution reinvested, CVRD returned +12.7% and ISPY +11.3% over the year to Nov 4, 2026.

Which is cheaper, CVRD or ISPY?

CVRD charges 0.90% a year and ISPY charges 0.55%, so ISPY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

CVRD vs ISPY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, CVRD paid 7.7% of its price in cash against ISPY’s 6.2%, and returned more with it reinvested.

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Net assets: $32m on Jun 30, 2026 for Madison Covered Call ETF, and $1.2bn on Nov 4, 2026 for ProShares S&P 500 High Income ETF.

CVRD on its own →ISPY on its own →

At a glance

7.7%

CVRD cash paid, 1 year

6.2%

ISPY cash paid, 1 year

+12.7%

CVRD total return, 1 year

+11.3%

ISPY total return, 1 year

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. Total return, distributions reinvested. 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.

Data to Nov 4, 2026.

ISPY · 1 year to Nov 4, 2026 3.5 pts behind SPY

ISPY

+11.3%

SPY

+14.8%

3.5 pts behind SPY

ISPY over 1 year: paid 6.2%, price +4.8%, total +11.3%, SPY +14.8%, −3.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

ISPY

+11.3%

6.2% as cash

3.5 pts behind SPY

Total return, distributions reinvested

3.5 pts behind SPY

ISPY over 1 year: paid 6.2%, price +4.8%, total +11.3%, SPY +14.8%, −3.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

ISPY

+11.3%

3.5 pts behind SPY

6.2% of it arrived as cash. Both charts share one scale, 0 to +23.1%. ISPY over 1 year: paid 6.2%, price +4.8%, total +11.3%, SPY +14.8%, −3.5 pts. Data to Nov 4, 2026.

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

Pair scorecard

ISPY costs 0.35 points a year less; their one-year returns differ by 1.4 points.

Points (pts) are percentage points.

CVRD vs ISPY: Dividend Yield & Total Return
Measure	CVRD	ISPY
Paid and earned
Measure	CVRD	ISPY
Total return, 1 year	+12.7%	+11.3%
Price change, 1 year	rose 4.3%	rose 4.8%
Against its benchmark
Measure	CVRD	ISPY
Benchmark	its own stocks	S&P 500, measured through SPY
Cost and size
Measure	CVRD	ISPY
Expense ratio	0.90%	0.55%
Net assets, CVRD as of Jun 30, 2026 and ISPY as of Nov 4, 2026	$32m	$1.2bn
Holdings
Measure	CVRD	ISPY
Holdings in common	16%

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

IQ Income Score80.5CVRD83.5ISPY

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

CVRD 80.5

ISPY 83.5

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, CVRD and ISPY hold 16% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

16% in common

Positions both hold · largest shared weight first CVRD ISPY

Microsoft Corp 3.85% 4.80%

Amazon.com Inc 4.03% 3.24%

Broadcom Inc 3.55% 2.23%

Meta Platforms Inc 2.64% 1.60%

Visa Inc 3.65% 0.80%

Palo Alto Networks Inc 4.80% 0.40%

Salesforce Inc 2.45% 0.27%

PepsiCo Inc 3.05% 0.24%

QUALCOMM Inc 2.02% 0.23%

Union Pacific Corp 3.15% 0.23%

NextEra Energy Inc 2.47% 0.22%

Blackrock Inc 3.01% 0.21%

Only in one fund ↓

Only in CVRD

Matador Resources Co 2.96%

Transocean Ltd 2.91%

Only in ISPY

NVIDIA Corp. 6.80%

Apple, Inc. 5.92%

Alphabet, Inc. 2.53%

Alphabet, Inc. 2.02%

Micron Technology, Inc. 1.38%

Tesla, Inc. 1.32%

JPMorgan Chase & Co. 1.22%

Berkshire Hathaway, Inc. 1.18%

Check overlap with more funds →

Side by side

CVRD Madison Covered Call ETF · Covered call on its own stocks, paying quarterly ISPY ProShares S&P 500 High Income ETF · Option income on SPY, paying monthly

Issuer Madison ProShares

Strategy covered call option income

Benchmark CVRD's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) S&P 500 (SPY)

Pays quarterly monthly

Payout rate, annualized 6.3% 6.0%

Expense ratio 0.90% 0.55%

Cash paid, 1 year 7.7% 6.2%

Price change, 1 year +4.3% +4.8%

Total return, 1 year +12.7% +11.3%

Benchmark return, 1 year +23.1% +14.8%

Ahead or behind −10.4 pts −3.5 pts

Return of capital, latest estimate not published 87%

Age 3.2 years 2.9 years

Net assets, CVRD as of Jun 30, 2026 and ISPY as of Nov 4, 2026 $32m $1.2bn

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: CVRD vs ISPY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CVRD	ISPY	CVRD	ISPY	CVRD	ISPY
3 months	+5.7%	−0.5%	1.6%	1.5%	−0.8 pts	−0.3 pts
6 months	+5.8%	+3.8%	3.2%	3.1%	−3.8 pts	−1.2 pts
1 year	+12.7%	+11.3%	7.7%	6.2%	−10.4 pts	−3.5 pts
3 years	+26.9%	–	27.7%	–	not measured	–
Since launchNot the same days: CVRD Aug 2023 · ISPY Dec 2023	+27.2%	+54.0%	27.8%	27.1%	not measured	−15.1 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

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.

ISPY

Over the year to Nov 4, 2026, ISPY paid 6.2% of its starting value in cash distributions while its price rose 4.8%. With every distribution reinvested, the fund returned +11.3%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 3.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.0%, paid monthly. ProShares estimates that 87% of the distribution paid Nov 6, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, CVRD or ISPY?: Over the year to Nov 4, 2026, CVRD paid 7.7% of its starting price in cash and ISPY paid 6.2%, so CVRD 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 ISPY?: With every distribution reinvested, CVRD returned +12.7% and ISPY +11.3% over the year to Nov 4, 2026.
Which is cheaper, CVRD or ISPY?: CVRD charges 0.90% a year and ISPY charges 0.55%, so ISPY is cheaper. Fees come from each fund's prospectus.

Other comparisons

CVRD vs SCLZ CVRD vs JULH CVRD vs SPUT CVRD vs OCTH ISPY vs HEMI ISPY vs GRNI ISPY vs JUDO ISPY vs RNTY

Where to next

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

Sources and dates

CVRD filings on SEC EDGAR ↗

CVRD prospectus with the expense ratio (SEC) ↗

Madison website ↗

ISPY filings on SEC EDGAR ↗

ISPY prospectus with the expense ratio (SEC) ↗

ISPY 19a-1 distribution notice ↗

ProShares page for ISPY ↗

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

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