Data as of .
CVRD vs SEPI: which paid, and which earned it?
Over the year SEPI paid 7.5% of its price in cash against CVRD’s 7.4%, and returned more with it reinvested.
ETFIQ Return Stability Score: SEPI 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 SEPI hold 15% of their money in the same securities at the same weight.
| Holding | CVRD | SEPI |
|---|---|---|
| Microsoft Corp | 3.88% | 3.42% |
| Amazon.com Inc | 4.06% | 3.36% |
| Broadcom Inc | 3.57% | 3.08% |
| Meta Platforms Inc | 2.66% | 2.79% |
| Newmont Corp | 2.21% | 1.51% |
| Salesforce Inc | 2.47% | 1.06% |
| Only in CVRD | Only in SEPI |
|---|---|
| Palo Alto Networks Inc 4.84% | ADVANCED MICRO DEVICES INC 7.54% |
| Archer-Daniels-Midland Co 4.58% | CATERPILLAR INC 7.20% |
| Danaher Corp 4.32% | MICRON TECHNOLOGY INC 6.53% |
| Agilent Technologies Inc 3.98% | APPLE INC 5.24% |
| Visa Inc 3.68% | ALPHABET INC 4.68% |
| Union Pacific Corp 3.17% | NVIDIA CORP 4.04% |
| PepsiCo Inc 3.07% | GOLDMAN SACHS GROUP INC (THE) 3.91% |
| Blackrock Inc 3.03% | JOHNSON & JOHNSON 3.31% |
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 | SEPI | CVRD | SEPI | CVRD | SEPI | |
| 3 months | +4.0% | +5.4% | 1.7% | 2.1% | +1.7 pts | +3.2 pts |
| 6 months | +5.7% | +20.5% | 3.3% | 4.7% | −12.3 pts | +2.5 pts |
| 1 year | +5.6% | +21.8% | 7.4% | 7.5% | −11.0 pts | +5.2 pts |
| 3 years | +19.5% | not published | 25.9% | not published | −58.9 pts | not published |
| Since launch | +21.1% | +24.4% | 26.3% | 7.7% | −59.8 pts | +5.4 pts |
| CVRD Madison Covered Call ETF Covered call on SPY, paying quarterly | SEPI Shelton Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Madison | Shelton |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | quarterly | monthly |
| Payout rate, annualized | 6.5% | 8.3% |
| Expense ratio | 0.92% | 0.54% |
| Cash paid, 1 year | 7.4% | 7.5% |
| Price change, 1 year | −2.2% | +13.4% |
| Total return, 1 year | +5.6% | +21.8% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −11.0 pts | +5.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1123 days | 375 days |
| Net assets | $32m | $152m |
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.
SEPI in plain words
Over the year to Sep 18, 2026, SEPI paid 7.5% of its starting value in cash distributions while its price rose 13.4%. With every distribution reinvested, the fund returned +21.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 5.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.3%, paid monthly.
Questions people ask
- Which paid more, CVRD or SEPI?
- Over the year to Sep 18, 2026, CVRD paid 7.4% of its starting price in cash and SEPI paid 7.5%, so SEPI 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 SEPI?
- With every distribution reinvested, CVRD returned +5.6% and SEPI returned +21.8% over the year to Sep 18, 2026, so SEPI returned more.
- Which is cheaper, CVRD or SEPI?
- CVRD charges 0.92% a year and SEPI charges 0.54%, so SEPI 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 SEPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/cvrd-vs-sepi Free to use with attribution; the underlying files are at Open data.