Madison Covered Call ETF (CVRD) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CVRD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CVRD
CVRD charges 0.90% annually. There are 131 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | CVRD vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | CVRD vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | CVRD vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | CVRD vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | CVRD vs TLTX |
Best Risk-Adjusted Alternatives to CVRD
CVRD has a PortfoliosLab risk / return rank of 31. There are 122 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | CVRD vs THTA | |
| Global X S&P 500 Covered Call ETF | 94 | 3.24B | Jun 2013 | CVRD vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | CVRD vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | CVRD vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 93 | 1.37B | Apr 2019 | CVRD vs RYLD |
Top Performing CVRD Alternatives (YTD)
CVRD is at 2.56% YTD. There are 156 ETFs in the Derivative Income category with higher YTD returns, going as high as 150.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 150.89% | 114.09M | Jul 2025 | CVRD vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | CVRD vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | CVRD vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | CVRD vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | CVRD vs SOXY |
Lowest Volatility Alternatives to CVRD
CVRD has 9.72% 1-year volatility. There are 37 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | CVRD vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | CVRD vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | CVRD vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | CVRD vs HYTI | |
| Main Buywrite ETF | 4.87% | 1.30B | Dec 2015 | CVRD vs BUYW |
Lowest Drawdown Alternatives to CVRD
CVRD has a 1-year max drawdown of -5.72%. There are 19 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | CVRD vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | CVRD vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | CVRD vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | CVRD vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | CVRD vs THTA |
Other ETFs from Madison
The 3 most viewed Madison ETFs shown here include MSTI, MAGG, DIVL and span 3 categories. AUM among these funds goes as high as $65M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Madison Short-Term Strategic Income ETF | Short-Term Bond | 54 | 0.73% | 49.12M | Sep 2023 | CVRD vs MSTI | |
| Madison Aggregate Bond ETF | Intermediate Core Bond | 25 | -0.54% | 65.25M | Aug 2023 | CVRD vs MAGG | |
| Madison Dividend Value ETF | Large Cap Value Equities | 57 | 11.08% | 61.38M | Aug 2023 | CVRD vs DIVL |
Often Compared With CVRD
Investors most often compare CVRD with JEPI, PUTW, QYLD. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare CVRD with Any Fund or Stock
Compare CVRD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CVRD with funds that move differently
Madison Covered Call ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CVRD.
Explore CVRD Diversifiers