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Data as of Nov 4, 2026.

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Income ETFs

CVRD vs IVVW: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, IVVW paid 17.5% of its price in cash against CVRD’s 7.7%, and returned more with it reinvested.

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Net assets: $32m on Jun 30, 2026 for Madison Covered Call ETF, and $349m on Nov 4, 2026 for iShares IVV Premium Income+ ETF.

CVRD on its own →IVVW on its own →
At a glance
7.7%
CVRD cash paid, 1 year
17.5%
IVVW cash paid, 1 year
+12.7%
CVRD total return, 1 year
+14.8%
IVVW 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.
IVVW · 1 year to Nov 4, 2026 About even with SPY
IVVW
+14.8%
SPY
+14.8%

About even with SPY

IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.

SPY

+14.8%

IVVW

+14.8%

17.5% of it arrived as cash

about even with SPY

Total return, distributions reinvested

About even with SPY

IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.

SPY

+14.8%

IVVW

+14.8%

17.5% cash

about even with SPY

17.5% of it arrived as cash. Both charts share one scale, with zero at the line. IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

IVVW costs 0.65 points a year less; their one-year returns differ by 2.1 points.

Points (pts) are percentage points.

CVRD vs IVVW: Dividend Yield & Total Return
MeasureCVRDIVVW
Paid and earned
Total return, 1 year+12.7%+14.8%
Price change, 1 yearrose 4.3%fell 4.1%
Return of capital, issuer estimate49% of the Oct 7, 2026 payment
Against its benchmark
Benchmarkits own stocksS&P 500, measured through SPY
Cost and size
Expense ratio0.90%0.25%
Net assets, CVRD as of Jun 30, 2026 and IVVW as of Nov 4, 2026$32m$349m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · CVRD scores higher How much of what it paid out did its total return cover?
IQ Income Score80.5CVRD47.6IVVW

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

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

0%

By the books each fund has filed, CVRD and IVVW hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first CVRD IVVW
Only in one fund ↓
Only in CVRD
Palo Alto Networks Inc 4.80%
Archer-Daniels-Midland Co 4.54%
Danaher Corp 4.29%
Amazon.com Inc 4.03%
Agilent Technologies Inc 3.95%
Microsoft Corp 3.85%
Visa Inc 3.65%
Broadcom Inc 3.55%
Only in IVVW
ISHARES CORE S&P ETF TRUST 100.36%
NOV26 SPX C @ 7821.5 0.00%
NOV26 SPX C @ 7821.5 -0.03%
NOV26 SPX C @ 7699.92 -0.18%
NOV26 SPX C @ 7655.87 -0.29%
Check overlap with more funds →

Side by side

CVRD Madison Covered Call ETF · Covered call on its own stocks, paying quarterly IVVW iShares IVV Premium Income+ ETF · Covered call on SPY, paying monthly
Issuer Madison iShares
Strategy covered call covered call
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% 15.7%
Expense ratio 0.90% 0.25%
Cash paid, 1 year 7.7% 17.5%
Price change, 1 year +4.3% −4.1%
Total return, 1 year +12.7% +14.8%
Benchmark return, 1 year +23.1% +14.8%
Ahead or behind −10.4 pts 0.0 pts
Return of capital, latest estimate not published 49%
Age 3.2 years 2.6 years
Net assets, CVRD as of Jun 30, 2026 and IVVW as of Nov 4, 2026 $32m $349m

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 IVVW: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowCVRDIVVWCVRDIVVWCVRDIVVW
3 months+5.7%+2.0%1.6%3.9%−0.8 pts+2.2 pts
6 months+5.8%+8.0%3.2%7.8%−3.8 pts+3.0 pts
1 year+12.7%+14.8%7.7%17.5%−10.4 pts0.0 pts
3 years+26.9%–27.7%–not measured–
Since launchNot the same days: CVRD Aug 2023 · IVVW Mar 2024+27.2%+40.5%27.8%42.6%not measured−14.4 pts

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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.

IVVW

Over the year to Nov 4, 2026, IVVW paid 17.5% of its starting value in cash distributions while its price fell 4.1%. With every distribution reinvested, the fund returned +14.8%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. iShares estimates that 49% of the distribution paid Oct 7, 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 IVVW?
Over the year to Nov 4, 2026, CVRD paid 7.7% of its starting price in cash and IVVW paid 17.5%, so IVVW 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 IVVW?
With every distribution reinvested, CVRD returned +12.7% and IVVW +14.8% over the year to Nov 4, 2026.
Which is cheaper, CVRD or IVVW?
CVRD charges 0.90% a year and IVVW charges 0.25%, so IVVW is cheaper. Fees come from each fund's prospectus.
Other comparisons
CVRD vs NLSICVRD vs TPRYCVRD vs XDTECVRD vs PBPIVVW vs HEMIIVVW vs GRNIIVVW vs JUDOIVVW vs RNTY
Where to next
S&P 500 (SPY) →CVRD on its own →IVVW on its own →CVRD dividend history →CVRD holdings →IVVW dividend history →IVVW holdings →Method →Standards and sources →
Sources and dates
CVRD filings on SEC EDGAR ↗
CVRD prospectus with the expense ratio (SEC) ↗
Madison website ↗
IVVW filings on SEC EDGAR ↗
IVVW prospectus with the expense ratio (SEC) ↗
IVVW 19a-1 distribution notice ↗
iShares page for IVVW ↗

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 IVVW, data as of Nov 4, 2026. https://etfiq.com/compare/income/cvrd-vs-ivvw

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