Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

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

CVRD and JUDO both write options for income.

Madison Covered Call ETF and Janus Henderson U.S. Equity Enhanced Income ETF.

7.4%CVRD cash paid, 1 year
2.6%JUDO cash paid, 1 year
+5.6%CVRD total return, 1 year
+14.7%JUDO total return, 1 year
CVRD11 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%CVRD+5.6%7.4% of it arrived as cash11 pts behind SPYTotal return, distributions reinvestedSPY+16.6%CVRD+5.6%11 pts behind SPY
JUDO1.8 pts behind SPY · since launch to Sep 18, 2026
SPY+16.6%JUDO+14.7%2.6% as cash1.8 pts behind SPYTotal return, distributions reinvestedSPY+16.6%JUDO+14.7%1.8 pts behind SPY

What they hold in common

By the books each fund has filed, CVRD and JUDO hold 18% of their money in the same securities at the same weight.

Positions CVRD and JUDO both hold, largest shared weight first
HoldingCVRDJUDO
Amazon.com Inc4.06%5.20%
Microsoft Corp3.88%6.00%
Broadcom Inc3.57%3.92%
Meta Platforms Inc2.66%1.75%
Visa Inc3.68%1.62%
Union Pacific Corp3.17%1.10%
Stryker Corp1.99%1.03%
Danaher Corp4.32%1.02%
Only in each
Only in CVRDOnly in JUDO
Palo Alto Networks Inc 4.84%NVIDIA Corp. 8.32%
Archer-Daniels-Midland Co 4.58%Alphabet, Inc. 7.49%
Agilent Technologies Inc 3.98%Apple, Inc. 4.88%
PepsiCo Inc 3.07%JPMorgan Chase & Co. 2.30%
Blackrock Inc 3.03%Eli Lilly & Co. 2.30%
American Tower Corp 2.99%Micron Technology, Inc. 1.90%
Lowe's Cos Inc 2.99%Mastercard, Inc. 1.64%
Matador Resources Co 2.98%General Electric Co. 1.54%

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

CVRD and JUDO over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
CVRDJUDOCVRDJUDOCVRDJUDO
3 months+4.0%+1.8%1.7%1.5%+1.7 pts−0.5 pts
6 months+5.7%not published3.3%not published−12.3 ptsnot published
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%+14.7%26.3%2.6%−59.8 pts−1.8 pts
Open the live comparison on ETFIQ
CVRD and JUDO on the same fields, as of Sep 18, 2026. Source: ETFIQ.
CVRD
Madison Covered Call ETF
Covered call on SPY, paying quarterly
JUDO
Janus Henderson U.S. Equity Enhanced Income ETF
Covered call on SPY, paying monthly
IssuerMadisonJanus Henderson
Strategycovered callcovered call
BenchmarkS&P 500 (SPY), used as a default proxyS&P 500 (SPY)
Paysquarterlymonthly
Payout rate, annualized6.5%6.4%
Expense ratio0.92%0.55%
Cash paid, 1 year7.4%2.6% (since launch on Mar 25, 2026)
Price change, 1 year−2.2%+12.1%
Total return, 1 year+5.6%+14.7% (since launch on Mar 25, 2026)
Benchmark return, 1 year+16.6%+16.6%
Ahead or behind−11.0 pts−1.8 pts
Return of capital, latest estimatenot publishednot published
Age1123 days177 days
Net assets$32m$7m

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.

JUDO in plain words

Over the period since launch on Mar 25, 2026 to Sep 18, 2026, JUDO paid 2.6% of its starting value in cash distributions while its price rose 12.1%. With every distribution reinvested, the fund returned +14.7%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 1.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.4%, paid monthly.

Questions people ask

Which is cheaper, CVRD or JUDO?
CVRD charges 0.92% a year and JUDO charges 0.55%, so JUDO 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 JUDO, 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 JUDO, data as of Sep 18, 2026. https://etfiq.com/compare/income/cvrd-vs-judo Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources