Which paid more, CVRD or QQQY?

Over the year to Nov 4, 2026, CVRD paid 7.7% of its starting price in cash and QQQY paid 29.9%, so QQQY 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 QQQY?

With every distribution reinvested, CVRD returned +12.7% and QQQY +13.6% over the year to Nov 4, 2026.

Which is cheaper, CVRD or QQQY?

CVRD charges 0.90% a year and QQQY charges 1.01%, so CVRD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

CVRD vs QQQY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QQQY paid 29.9% 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 $178m on Nov 3, 2026 for Defiance Nasdaq 100 Weekly Distribution ETF.

CVRD on its own →QQQY on its own →

At a glance

7.7%

CVRD cash paid, 1 year

29.9%

QQQY cash paid, 1 year

+12.7%

CVRD total return, 1 year

+13.6%

QQQY 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.

QQQY · 1 year to Nov 4, 2026 1.3 pts ahead of QQQ

QQQY

+13.6%

QQQ

+12.3%

1.3 pts ahead of QQQ

QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QQQY

+13.6%

29.9% of it arrived as cash

1.3 pts ahead of QQQ

Total return, distributions reinvested

1.3 pts ahead of QQQ

QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QQQY

+13.6%

29.9% cash

1.3 pts ahead of QQQ

29.9% of it arrived as cash. Both charts share one scale, with zero at the line. QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

CVRD costs 0.11 points a year less; their one-year returns differ by 0.9 points.

Points (pts) are percentage points.

CVRD vs QQQY: Dividend Yield & Total Return
Measure	CVRD	QQQY
Paid and earned
Measure	CVRD	QQQY
Total return, 1 year	+12.7%	+13.6%
Price change, 1 year	rose 4.3%	fell 17.8%
Against its benchmark
Measure	CVRD	QQQY
Benchmark	its own stocks	Nasdaq-100, measured through QQQ
Cost and size
Measure	CVRD	QQQY
Expense ratio	0.90%	1.01%
Net assets, CVRD as of Jun 30, 2026 and QQQY as of Nov 3, 2026	$32m	$178m
Holdings
Measure	CVRD	QQQY
Holdings in common	0%

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

IQ Income Score80.5CVRD33.8QQQY

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

QQQY 33.8

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

By the books each fund has filed, CVRD and QQQY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first CVRD QQQY

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 QQQY

Ndx 12/18/2026 1000.34 C 98.45%

Ndx 11/05/2026 28516.79 C 0.38%

Ndx 11/05/2026 28437.17 C -0.51%

Check overlap with more funds →

Side by side

CVRD Madison Covered Call ETF · Covered call on its own stocks, paying quarterly QQQY Defiance Nasdaq 100 Weekly Distribution ETF · Option income on QQQ, paying weekly

Issuer Madison Defiance

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) Nasdaq-100 (QQQ)

Pays quarterly weekly

Payout rate, annualized 6.3% 31.5%

Expense ratio 0.90% 1.01%

Cash paid, 1 year 7.7% 29.9%

Price change, 1 year +4.3% −17.8%

Total return, 1 year +12.7% +13.6%

Benchmark return, 1 year +23.1% +12.3%

Ahead or behind −10.4 pts +1.3 pts

Return of capital, latest estimate not published 81%

Age 3.2 years 3.1 years

Net assets, CVRD as of Jun 30, 2026 and QQQY as of Nov 3, 2026 $32m $178m

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 QQQY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CVRD	QQQY	CVRD	QQQY	CVRD	QQQY
3 months	+5.7%	−3.5%	1.6%	7.3%	−0.8 pts	−0.1 pts
6 months	+5.8%	+0.4%	3.2%	15.4%	−3.8 pts	+0.7 pts
1 year	+12.7%	+13.6%	7.7%	29.9%	−10.4 pts	+1.3 pts
3 years	+26.9%	+51.9%	27.7%	88.2%	not measured	−39.4 pts
Since launchNot the same days: CVRD Aug 2023 · QQQY Sep 2023	+27.2%	+49.8%	27.8%	88.1%	not measured	−37.0 pts

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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.

QQQY

Over the year to Nov 4, 2026, QQQY paid 29.9% of its starting value in cash distributions while its price fell 17.8%. With every distribution reinvested, the fund returned +13.6%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.5%, paid weekly. Defiance estimates that 81% of the distribution paid Oct 30, 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 QQQY?: Over the year to Nov 4, 2026, CVRD paid 7.7% of its starting price in cash and QQQY paid 29.9%, so QQQY 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 QQQY?: With every distribution reinvested, CVRD returned +12.7% and QQQY +13.6% over the year to Nov 4, 2026.
Which is cheaper, CVRD or QQQY?: CVRD charges 0.90% a year and QQQY charges 1.01%, so CVRD is cheaper. Fees come from each fund's prospectus.

Other comparisons

CVRD vs QQQI CVRD vs QYLG CVRD vs TDAQ CVRD vs IQQQ QQQY vs HEMI QQQY vs GRNI QQQY vs JUDO QQQY vs RNTY

Where to next

Nasdaq-100 (QQQ) →CVRD on its own →QQQY on its own →CVRD dividend history →CVRD holdings →QQQY dividend history →QQQY holdings →Method →Standards and sources →

Sources and dates

CVRD filings on SEC EDGAR ↗

CVRD prospectus with the expense ratio (SEC) ↗

Madison website ↗

QQQY filings on SEC EDGAR ↗

QQQY prospectus with the expense ratio (SEC) ↗

QQQY 19a-1 distribution notice ↗

Defiance page for QQQY ↗

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.

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

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