Data as of .
CVRD vs SCLZ: which paid, and which earned it?
Over the year SCLZ paid 8.4% of its price in cash against CVRD’s 7.4%, and returned more with it reinvested.
ETFIQ Return Stability Score: SCLZ scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, CVRD and SCLZ hold 18% of their money in the same securities at the same weight.
| Holding | CVRD | SCLZ |
|---|---|---|
| Amazon.com Inc | 4.06% | 3.75% |
| Microsoft Corp | 3.88% | 3.71% |
| Broadcom Inc | 3.57% | 4.71% |
| Meta Platforms Inc | 2.66% | 3.34% |
| Visa Inc | 3.68% | 2.27% |
| Lowe's Cos Inc | 2.99% | 0.66% |
| Honeywell International Inc | 1.48% | 0.32% |
| Newmont Corp | 2.21% | 0.32% |
| Honeywell Aerospace Inc | 1.46% | 0.29% |
| T-Mobile US Inc | 2.85% | 0.14% |
| Only in CVRD | Only in SCLZ |
|---|---|
| Palo Alto Networks Inc 4.84% | MICRON TECHNOLOGY INC 7.89% |
| Archer-Daniels-Midland Co 4.58% | APPLE INC 6.15% |
| Danaher Corp 4.32% | NVIDIA CORP 5.99% |
| Agilent Technologies Inc 3.98% | ALPHABET INC 5.18% |
| Union Pacific Corp 3.17% | ADVANCED MICRO DEVICES INC 5.14% |
| PepsiCo Inc 3.07% | ELI LILLY & COMPANY 3.86% |
| Blackrock Inc 3.03% | JP MORGAN CHASE & COMPANY 3.50% |
| American Tower Corp 2.99% | BERKSHIRE HATHAWAY INC 3.10% |
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 Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| CVRD | SCLZ | CVRD | SCLZ | CVRD | SCLZ | |
| 3 months | +4.0% | +2.9% | 1.7% | 2.1% | +1.7 pts | −3.6 pts |
| 6 months | +5.7% | +14.2% | 3.3% | 3.8% | −12.3 pts | +1.6 pts |
| 1 year | +5.6% | +13.2% | 7.4% | 8.4% | −11.0 pts | −14.0 pts |
| 3 years | +19.5% | not published | 25.9% | not published | −58.9 pts | not published |
| Since launch | +21.1% | +36.5% | 26.3% | 19.6% | −59.8 pts | −6.3 pts |
| CVRD Madison Covered Call ETF Covered call on SPY, paying quarterly | SCLZ Swan Enhanced Dividend Income ETF Dividend stocks with call overlay on SCHD, paying monthly | |
|---|---|---|
| Issuer | Madison | Swan |
| Strategy | covered call | dividend stocks with call overlay |
| Benchmark | S&P 500 (SPY), used as a default proxy | US dividend stocks (SCHD), used as the dividend proxy |
| Pays | quarterly | monthly |
| Payout rate, annualized | 6.5% | 8.5% |
| Expense ratio | 0.92% | 0.79% |
| Cash paid, 1 year | 7.4% | 8.4% |
| Price change, 1 year | −2.2% | +4.1% |
| Total return, 1 year | +5.6% | +13.2% |
| Benchmark return, 1 year | +16.6% | +27.2% |
| Ahead or behind | −11.0 pts | −14.0 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1123 days | 934 days |
| Net assets | $32m | $20m |
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.
SCLZ in plain words
Over the year to Sep 18, 2026, SCLZ paid 8.4% of its starting value in cash distributions while its price rose 4.1%. With every distribution reinvested, the fund returned +13.2%. US dividend stocks (SCHD), used as the dividend proxy returned +27.2% over the same days, so a holder was behind by 14.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.5%, paid monthly.
Questions people ask
- Which paid more, CVRD or SCLZ?
- Over the year to Sep 18, 2026, CVRD paid 7.4% of its starting price in cash and SCLZ paid 8.4%, so SCLZ 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 SCLZ?
- With every distribution reinvested, CVRD returned +5.6% and SCLZ returned +13.2% over the year to Sep 18, 2026, so SCLZ returned more.
- Which is cheaper, CVRD or SCLZ?
- CVRD charges 0.92% a year and SCLZ charges 0.79%, so SCLZ 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 SCLZ, data as of Sep 18, 2026. https://etfiq.com/compare/income/cvrd-vs-sclz Free to use with attribution; the underlying files are at Open data.