Madison Covered Call ETF (CVRD)
CVRD is an actively managed ETF by Madison. CVRD launched on Aug 21, 2023 and has a 0.90% expense ratio.
ETF Info
Aug 21, 2023
1x
No Index (Active)
Large-Cap
Value
Expense Ratio
CVRD has an expense ratio of 0.90%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Madison Covered Call ETF (CVRD) returned -1.50% year-to-date (YTD) and 3.01% over the past 12 months.
CVRD
-1.50%
5.63%
-3.97%
3.01%
N/A
N/A
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of CVRD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.42% | -1.92% | -3.14% | -2.31% | 5.69% | -1.50% | |||||||
| 2024 | -0.70% | 1.31% | 2.00% | -3.08% | 1.77% | 0.13% | 2.22% | 1.25% | 1.34% | -0.66% | 2.16% | -2.79% | 4.90% |
| 2023 | 2.37% | -3.75% | -1.16% | 4.97% | 1.87% | 4.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CVRD is 21, meaning it’s performing worse than 79% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Madison Covered Call ETF (CVRD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Madison Covered Call ETF provided a 10.41% dividend yield over the last twelve months, with an annual payout of $1.89 per share.
| Period | TTM | 2024 | 2023 |
|---|---|---|---|
| Dividend | $1.89 | $2.95 | $0.11 |
Dividend yield | 10.41% | 15.70% | 0.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Covered Call ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.30 | |||||||
| 2024 | $0.00 | $0.00 | $1.35 | $0.00 | $0.00 | $0.82 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.47 | $2.95 |
| 2023 | $0.01 | $0.00 | $0.00 | $0.10 | $0.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Madison Covered Call ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Madison Covered Call ETF was 17.95%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Madison Covered Call ETF drawdown is 4.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.95% | Dec 3, 2024 | 86 | Apr 8, 2025 | — | — | — |
| -6.47% | Sep 5, 2023 | 39 | Oct 27, 2023 | 24 | Dec 1, 2023 | 63 |
| -4.19% | Jul 17, 2024 | 14 | Aug 5, 2024 | 8 | Aug 15, 2024 | 22 |
| -3.87% | Apr 1, 2024 | 14 | Apr 18, 2024 | 19 | May 15, 2024 | 33 |
| -2.67% | May 20, 2024 | 7 | May 29, 2024 | 32 | Jul 16, 2024 | 39 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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