Which paid more, CVRD or XYLD?

Over the year to Nov 4, 2026, CVRD paid 7.7% of its starting price in cash and XYLD paid 10.7%, so XYLD 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 XYLD?

With every distribution reinvested, CVRD returned +12.7% and XYLD +15.9% over the year to Nov 4, 2026.

Which is cheaper, CVRD or XYLD?

CVRD charges 0.90% a year and XYLD charges 0.60%, so XYLD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

CVRD vs XYLD: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, XYLD paid 10.7% 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 $3.4bn on Oct 12, 2026 for Global X S&P 500 Covered Call ETF.

CVRD on its own →XYLD on its own →

At a glance

7.7%

CVRD cash paid, 1 year

10.7%

XYLD cash paid, 1 year

+12.7%

CVRD total return, 1 year

+15.9%

XYLD 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.

XYLD · 1 year to Nov 4, 2026 1.1 pts ahead of SPY

XYLD

+15.9%

SPY

+14.8%

1.1 pts ahead of SPY

XYLD over 1 year: paid 10.7%, price +4.4%, total +15.9%, SPY +14.8%, +1.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

XYLD

+15.9%

10.7% of it arrived as cash

1.1 pts ahead of SPY

Total return, distributions reinvested

1.1 pts ahead of SPY

XYLD over 1 year: paid 10.7%, price +4.4%, total +15.9%, SPY +14.8%, +1.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

XYLD

+15.9%

1.1 pts ahead of SPY

10.7% of it arrived as cash. Both charts share one scale, 0 to +23.1%. XYLD over 1 year: paid 10.7%, price +4.4%, total +15.9%, SPY +14.8%, +1.1 pts. Data to Nov 4, 2026.

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

Pair scorecard

XYLD costs 0.30 points a year less; their one-year returns differ by 3.2 points.

Points (pts) are percentage points.

CVRD vs XYLD: Dividend Yield & Total Return
Measure	CVRD	XYLD
Paid and earned
Measure	CVRD	XYLD
Total return, 1 year	+12.7%	+15.9%
Price change, 1 year	rose 4.3%	rose 4.4%
Return of capital, issuer estimate		93% of the Sep 24, 2026 payment
Against its benchmark
Measure	CVRD	XYLD
Benchmark	its own stocks	S&P 500, measured through SPY
Cost and size
Measure	CVRD	XYLD
Expense ratio	0.90%	0.60%
Net assets, CVRD as of Jun 30, 2026 and XYLD as of Oct 12, 2026	$32m	$3.4bn
Holdings
Measure	CVRD	XYLD
Holdings in common	17%

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

IQ Income Score80.5CVRD77.5XYLD

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

XYLD 77.5

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

17%

By the books each fund has filed, CVRD and XYLD hold 17% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

17% in common

Positions both hold · largest shared weight first CVRD XYLD

Amazon.com Inc 4.03% 4.18%

Microsoft Corp 3.85% 5.42%

Broadcom Inc 3.55% 2.90%

Meta Platforms Inc 2.64% 1.92%

Visa Inc 3.65% 0.95%

Palo Alto Networks Inc 4.80% 0.42%

PepsiCo Inc 3.05% 0.30%

NextEra Energy Inc 2.47% 0.28%

Union Pacific Corp 3.15% 0.27%

Blackrock Inc 3.01% 0.25%

QUALCOMM Inc 2.02% 0.24%

Salesforce Inc 2.45% 0.23%

Only in one fund ↓

Only in CVRD

Lowe's Cos Inc 2.97%

Matador Resources Co 2.96%

Transocean Ltd 2.91%

Marsh & McLennan Cos Inc 2.82%

Accenture PLC 2.06%

Honeywell International Inc 1.47%

Only in XYLD

NVIDIA CORPORATION 7.64%

APPLE INC. 7.13%

ALPHABET INC. 3.28%

ALPHABET INC. 2.65%

JPMORGAN CHASE & CO. 1.48%

BERKSHIRE HATHAWAY INC. 1.47%

MICRON TECHNOLOGY, INC. 1.46%

ELI LILLY AND COMPANY 1.43%

Check overlap with more funds →

Side by side

CVRD Madison Covered Call ETF · Covered call on its own stocks, paying quarterly XYLD Global X S&P 500 Covered Call ETF · Covered call on SPY, paying monthly

Issuer Madison Global X

Strategy covered call covered call

Benchmark CVRD's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) S&P 500 (SPY)

Pays quarterly monthly

Payout rate, annualized 6.3% 9.1%

Expense ratio 0.90% 0.60%

Cash paid, 1 year 7.7% 10.7%

Price change, 1 year +4.3% +4.4%

Total return, 1 year +12.7% +15.9%

Benchmark return, 1 year +23.1% +14.8%

Ahead or behind −10.4 pts +1.1 pts

Return of capital, latest estimate not published 93%

Age 3.2 years 13.4 years

Net assets, CVRD as of Jun 30, 2026 and XYLD as of Oct 12, 2026 $32m $3.4bn

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 XYLD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CVRD	XYLD	CVRD	XYLD	CVRD	XYLD
3 months	+5.7%	+2.4%	1.6%	2.2%	−0.8 pts	+2.6 pts
6 months	+5.8%	+7.9%	3.2%	5.1%	−3.8 pts	+2.9 pts
1 year	+12.7%	+15.9%	7.7%	10.7%	−10.4 pts	+1.1 pts
3 years	+26.9%	+48.4%	27.7%	34.0%	not measured	−34.5 pts
Since launchNot the same days: CVRD Aug 2023 · XYLD Jun 2013	+27.2%	+194.8%	27.8%	114.5%	not measured	−316.0 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.

XYLD

Over the year to Nov 4, 2026, XYLD paid 10.7% of its starting value in cash distributions while its price rose 4.4%. With every distribution reinvested, the fund returned +15.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 1.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.1%, paid monthly. Global X estimates that 93% of the distribution paid Sep 24, 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 XYLD?: Over the year to Nov 4, 2026, CVRD paid 7.7% of its starting price in cash and XYLD paid 10.7%, so XYLD 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 XYLD?: With every distribution reinvested, CVRD returned +12.7% and XYLD +15.9% over the year to Nov 4, 2026.
Which is cheaper, CVRD or XYLD?: CVRD charges 0.90% a year and XYLD charges 0.60%, so XYLD is cheaper. Fees come from each fund's prospectus.

Other comparisons

CVRD vs GPIX CVRD vs DIVO CVRD vs SPYI CVRD vs JEPI XYLD vs HEMI XYLD vs GRNI XYLD vs JUDO XYLD vs RNTY

Where to next

S&P 500 (SPY) →CVRD on its own →XYLD on its own →CVRD dividend history →CVRD holdings →XYLD dividend history →XYLD holdings →Method →Standards and sources →

Sources and dates

CVRD filings on SEC EDGAR ↗

CVRD prospectus with the expense ratio (SEC) ↗

Madison website ↗

XYLD filings on SEC EDGAR ↗

XYLD prospectus with the expense ratio (SEC) ↗

XYLD 19a-1 distribution notice ↗

Global X page for XYLD ↗

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.