Which paid more, CVRD or SDVD?

Over the year to Nov 4, 2026, CVRD paid 7.7% of its starting price in cash and SDVD paid 9.7%, so SDVD 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 SDVD?

With every distribution reinvested, CVRD returned +12.7% and SDVD +18.9% over the year to Nov 4, 2026.

Which is cheaper, CVRD or SDVD?

CVRD charges 0.90% a year and SDVD charges 0.85%, so SDVD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

CVRD vs SDVD: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, SDVD paid 9.7% 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 $903m on Nov 3, 2026 for FT Vest SMID Rising Dividend Achievers Target Income ETF.

CVRD on its own →SDVD on its own →

At a glance

7.7%

CVRD cash paid, 1 year

9.7%

SDVD cash paid, 1 year

+12.7%

CVRD total return, 1 year

+18.9%

SDVD 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.

SDVD · 1 year to Nov 4, 2026 1.4 pts ahead of SDVY

SDVD

+18.9%

SDVY

+17.5%

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% of it arrived as cash

1.4 pts ahead of SDVY

Total return, distributions reinvested

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

1.4 pts ahead of SDVY

9.7% of it arrived as cash. Both charts share one scale, 0 to +23.1%. SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +23.1%. Data to Nov 4, 2026.

Pair scorecard

SDVD costs 0.05 points a year less; their one-year returns differ by 6.2 points.

Points (pts) are percentage points.

CVRD vs SDVD: Dividend Yield & Total Return
Measure	CVRD	SDVD
Paid and earned
Measure	CVRD	SDVD
Total return, 1 year	+12.7%	+18.9%
Price change, 1 year	rose 4.3%	rose 8.6%
Against its benchmark
Measure	CVRD	SDVD
Benchmark	its own stocks	First Trust SMID Cap Rising Dividend Achievers ETF, measured through SDVY
Cost and size
Measure	CVRD	SDVD
Expense ratio	0.90%	0.85%
Net assets, CVRD as of Jun 30, 2026 and SDVD as of Nov 3, 2026	$32m	$903m
Holdings
Measure	CVRD	SDVD
Holdings in common	0%

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

IQ Income Score80.5CVRD84.7SDVD

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

SDVD 84.7

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 SDVD hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first CVRD SDVD

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 SDVD

The Hanover Insurance Group, Inc. 1.09%

Reinsurance Group of America, Incorporated 1.06%

Williams-Sonoma, Inc. 1.06%

Veralto Corporation 1.05%

Assurant, Inc. 1.02%

Interparfums, Inc. 1.02%

National HealthCare Corporation 1.02%

VeriSign, Inc. 1.02%

Check overlap with more funds →

Side by side

CVRD Madison Covered Call ETF · Covered call on its own stocks, paying quarterly SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF · Writes calls on the Russell 2000, investing in the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, paying monthly

Issuer Madison First Trust

Strategy covered call dividend stocks with call overlay

Benchmark CVRD's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)

Pays quarterly monthly

Payout rate, annualized 6.3% 8.2%

Expense ratio 0.90% 0.85%

Cash paid, 1 year 7.7% 9.7%

Price change, 1 year +4.3% +8.6%

Total return, 1 year +12.7% +18.9%

Benchmark return, 1 year +23.1% +17.5%

Ahead or behind −10.4 pts +1.4 pts

Return of capital, latest estimate not published 22%

Age 3.2 years 3.2 years

Net assets, CVRD as of Jun 30, 2026 and SDVD as of Nov 3, 2026 $32m $903m

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 SDVD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CVRD	SDVD	CVRD	SDVD	CVRD	SDVD
3 months	+5.7%	−2.3%	1.6%	2.0%	−0.8 pts	+0.5 pts
6 months	+5.8%	+3.3%	3.2%	4.1%	−3.8 pts	+0.9 pts
1 year	+12.7%	+18.9%	7.7%	9.7%	−10.4 pts	+1.4 pts
3 years	+26.9%	+60.8%	27.7%	31.3%	not measured	+1.0 pts
Since launchNot the same days: CVRD Aug 2023 · SDVD Aug 2023	+27.2%	+53.9%	27.8%	31.3%	not measured	+1.9 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.

SDVD

Over the year to Nov 4, 2026, SDVD paid 9.7% of its starting value in cash distributions while its price rose 8.6%. With every distribution reinvested, the fund returned +18.9%. First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) returned +17.5% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.2%, paid monthly. First Trust estimates that 22% 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 SDVD?: Over the year to Nov 4, 2026, CVRD paid 7.7% of its starting price in cash and SDVD paid 9.7%, so SDVD 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 SDVD?: With every distribution reinvested, CVRD returned +12.7% and SDVD +18.9% over the year to Nov 4, 2026.
Which is cheaper, CVRD or SDVD?: CVRD charges 0.90% a year and SDVD charges 0.85%, so SDVD is cheaper. Fees come from each fund's prospectus.

Other comparisons

CVRD vs RDVI CVRD vs VAIE CVRD vs QVOL CVRD vs SIOO SDVD vs HEMI SDVD vs GRNI SDVD vs JUDO SDVD vs RNTY

Where to next

First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) →CVRD on its own →SDVD on its own →CVRD dividend history →CVRD holdings →SDVD dividend history →SDVD holdings →Method →Standards and sources →

Sources and dates

CVRD filings on SEC EDGAR ↗

CVRD prospectus with the expense ratio (SEC) ↗

Madison website ↗

SDVD filings on SEC EDGAR ↗

SDVD prospectus with the expense ratio (SEC) ↗

SDVD 19a-1 distribution notice ↗

First Trust page for SDVD ↗

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

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