Data as of .
CVRD vs OEI: which paid, and which earned it?
CVRD and OEI both write options for income.
What they hold in common
By the books each fund has filed, CVRD and OEI hold 18% of their money in the same securities at the same weight.
| Holding | CVRD | OEI |
|---|---|---|
| Amazon.com Inc | 4.06% | 4.56% |
| Microsoft Corp | 3.88% | 5.99% |
| Broadcom Inc | 3.57% | 3.04% |
| Meta Platforms Inc | 2.66% | 2.18% |
| Visa Inc | 3.68% | 1.15% |
| Blackrock Inc | 3.03% | 0.85% |
| PepsiCo Inc | 3.07% | 0.66% |
| NextEra Energy Inc | 2.49% | 0.61% |
| QUALCOMM Inc | 2.04% | 0.58% |
| Salesforce Inc | 2.47% | 0.50% |
| Adobe Inc | 2.84% | 0.39% |
| Accenture PLC | 2.08% | 0.32% |
| Only in CVRD | Only in OEI |
|---|---|
| Palo Alto Networks Inc 4.84% | NVIDIA Corp 8.32% |
| Archer-Daniels-Midland Co 4.58% | Apple Inc 4.28% |
| Danaher Corp 4.32% | Alphabet Inc 3.48% |
| Agilent Technologies Inc 3.98% | Alphabet Inc 2.79% |
| Union Pacific Corp 3.17% | Micron Technology Inc 2.57% |
| American Tower Corp 2.99% | Johnson & Johnson 2.10% |
| Lowe's Cos Inc 2.99% | ExxonMobil Holdings Corp 2.07% |
| Matador Resources Co 2.98% | Booking Holdings Inc 1.89% |
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 Jul 31, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| CVRD | OEI | CVRD | OEI | CVRD | OEI | |
| 3 months | +4.0% | +4.8% | 1.7% | 2.3% | +1.7 pts | +2.5 pts |
| 6 months | +5.7% | +12.5% | 3.3% | 4.9% | −12.3 pts | −5.6 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% | +14.4% | 26.3% | 8.6% | −59.8 pts | −0.9 pts |
| CVRD Madison Covered Call ETF Covered call on SPY, paying quarterly | OEI Optimized Equity Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Madison | Core Alternative |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY), used as a default proxy |
| Pays | quarterly | monthly |
| Payout rate, annualized | 6.5% | 9.2% |
| Expense ratio | 0.92% | 1.02% |
| Cash paid, 1 year | 7.4% | 8.6% (since launch on Oct 22, 2025) |
| Price change, 1 year | −2.2% | +5.2% |
| Total return, 1 year | +5.6% | +14.4% (since launch on Oct 22, 2025) |
| Benchmark return, 1 year | +16.6% | +15.3% |
| Ahead or behind | −11.0 pts | −0.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1123 days | 331 days |
| Net assets | $32m | $46m |
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.
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
Questions people ask
- Which is cheaper, CVRD or OEI?
- CVRD charges 0.92% a year and OEI charges 1.02%, 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 OEI, data as of Sep 18, 2026. https://etfiq.com/compare/income/cvrd-vs-oei Free to use with attribution; the underlying files are at Open data.