Data as of .
CVRD vs XSHP: which paid, and which earned it?
CVRD and XSHP both write options for income.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| CVRD | XSHP | CVRD | XSHP | CVRD | XSHP | |
| 3 months | +4.0% | −11.0% | 1.7% | 7.4% | +1.7 pts | −13.3 pts |
| 6 months | +5.7% | not published | 3.3% | not published | −12.3 pts | not published |
| 1 year | +5.6% | not published | 7.4% | not published | −11.0 pts | not published |
| 3 years | +19.5% | not published | 25.9% | not published | −58.9 pts | not published |
| Since launch | +21.1% | −13.1% | 26.3% | 7.3% | −59.8 pts | −16.4 pts |
| CVRD Madison Covered Call ETF Covered call on SPY, paying quarterly | XSHP Kurv SpaceX (SPAX) Enhanced Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Madison | Kurv |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY), used as the proxy |
| Pays | quarterly | monthly |
| Payout rate, annualized | 6.5% | 33.5% |
| Expense ratio | 0.92% | 0.99% |
| Cash paid, 1 year | 7.4% | 7.3% (since launch on Jun 17, 2026) |
| Price change, 1 year | −2.2% | −21.8% |
| Total return, 1 year | +5.6% | −13.1% (since launch on Jun 17, 2026) |
| Benchmark return, 1 year | +16.6% | +3.3% |
| Ahead or behind | −11.0 pts | −16.4 pts |
| Return of capital, latest estimate | not published | 94% |
| Age | 1123 days | 93 days |
| Net assets | $32m | $7m |
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.
XSHP in plain words
Over the period since launch on Jun 17, 2026 to Sep 18, 2026, XSHP paid 7.3% of its starting value in cash distributions while its price fell 21.8%. With every distribution reinvested, the fund returned −13.1%. S&P 500 (SPY), used as the proxy returned +3.3% over the same days, so a holder was behind by 16.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 33.5%, paid monthly. Kurv estimates that 94% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, CVRD or XSHP?
- CVRD charges 0.92% a year and XSHP charges 0.99%, so CVRD 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 XSHP, data as of Sep 18, 2026. https://etfiq.com/compare/income/cvrd-vs-xshp Free to use with attribution; the underlying files are at Open data.