Data as of Nov 4, 2026.
CVRD vs SEPI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, SEPI paid 8.9% of its price in cash against CVRD’s 7.7%, and returned more with it reinvested.
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Net assets on Jun 30, 2026: $32m for Madison Covered Call ETF and $152m for Shelton Equity Premium Income ETF.
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, 2026.3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
8.9% of it arrived as cash
3.1 pts ahead of SPY
Total return, distributions reinvested
3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
3.1 pts ahead of SPY
8.9% of it arrived as cash. Both charts share one scale, 0 to +23.1%. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +23.1%. Data to Nov 4, 2026.Pair scorecard
SEPI costs 0.36 points a year less; their one-year returns differ by 5.2 points; SEPI is 4.8 times larger.
Points (pts) are percentage points.
| Measure | CVRD | SEPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +12.7% | +17.9% |
| Price change, 1 year | rose 4.3% | rose 8.3% |
| Against its benchmark | ||
| Benchmark | its own stocks | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.90% | 0.54% |
| Net assets, as of Jun 30, 2026 | $32m | $152m |
| Holdings | ||
| Holdings in common | 16% | |
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
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 →
What they share
By the books each fund has filed, CVRD and SEPI hold 16% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
16% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | CVRD | SEPI | CVRD | SEPI | CVRD | SEPI |
| 3 months | +5.7% | −0.1% | 1.6% | 2.1% | −0.8 pts | 0.0 pts |
| 6 months | +5.8% | +6.8% | 3.2% | 4.4% | −3.8 pts | +1.8 pts |
| 1 year | +12.7% | +17.9% | 7.7% | 8.9% | −10.4 pts | +3.1 pts |
| 3 years | +26.9% | – | 27.7% | – | not measured | – |
| Since launchNot the same days: CVRD Aug 2023 · SEPI Sep 2025 | +27.2% | +23.5% | 27.8% | 10.0% | not measured | +3.7 pts |
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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.
SEPI
Over the year to Nov 4, 2026, SEPI paid 8.9% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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 SEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/cvrd-vs-sepi
ETFIQ. (Nov 4, 2026). CVRD against SEPI. Retrieved from https://etfiq.com/compare/income/cvrd-vs-sepi
[CVRD against SEPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/cvrd-vs-sepi)
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