CVRD vs. ACYS

Last updated Aug 4, 2026

CVRD (Madison Covered Call ETF) and ACYS (FT Vest Laddered Autocallable Barrier & Resilient Income ETF) are both Derivative Income funds. Both are actively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. CVRD charges 0.90%/yr vs 0.75%/yr for ACYS.

Performance

CVRD vs. ACYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Madison Covered Call ETF (CVRD) and FT Vest Laddered Autocallable Barrier & Resilient Income ETF (ACYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CVRD

• 1D: -0.27%
• 1M: 2.03%
• 6M: 0.20%
• YTD: 2.56%
• 1Y: 7.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.19%

ACYS

• 1D: 0.27%
• 1M: 0.62%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACYS FT Vest Laddered Autocallable Barrier & Resilient Income ETF	$8.16M	$7.21M	$6.15M
CVRD Madison Covered Call ETF	$200.88K	$121.50K	$51.62K

CVRD vs. ACYS - Yearly Performance Comparison

	2026 (YTD)
CVRD Madison Covered Call ETF	0.02%
ACYS FT Vest Laddered Autocallable Barrier & Resilient Income ETF	2.63%

Correlation

The correlation between CVRD and ACYS is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	-0.02

Return for Risk

CVRD vs. ACYS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CVRD

CVRD Risk / Return Rank: 31
CVRD Sharpe Ratio Rank: 30
CVRD Sortino Ratio Rank: 28
CVRD Omega Ratio Rank: 28
CVRD Calmar Ratio Rank: 35
CVRD Martin Ratio Rank: 33

ACYS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CVRD vs. ACYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call ETF (CVRD) and FT Vest Laddered Autocallable Barrier & Resilient Income ETF (ACYS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CVRD	ACYS	Difference
Sharpe ratio: Return per unit of total volatility	0.75	—	—
Sortino ratio: Return per unit of downside risk	1.10	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	1.26	—	—
Martin ratio: Return relative to average drawdown	3.27	—	—

Drawdowns

CVRD vs. ACYS - Drawdown Comparison

The maximum CVRD drawdown since its inception was -17.95%, which is greater than ACYS's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for CVRD and ACYS.

Drawdown Indicators

	CVRD	ACYS	Difference
Max Drawdown Largest peak-to-trough decline	-17.95%	-0.78%	-17.17%
Max Drawdown (1Y) Largest decline over 1 year	-5.72%	—	—
Current Drawdown Current decline from peak	-1.74%	0.00%	-1.74%
Average Drawdown Average peak-to-trough decline	-2.07%	-0.16%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	—	—

Volatility

Volatility by Period

	CVRD	ACYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.72%	3.76%	+5.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.68%	3.76%	+7.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.68%	3.76%	+7.92%

CVRD vs. ACYS - Expense Ratio Comparison

CVRD has a 0.90% expense ratio, which is higher than ACYS's 0.75% expense ratio.

Dividends

CVRD vs. ACYS - Dividend Comparison

CVRD's dividend yield for the trailing twelve months is around 7.69%, more than ACYS's 1.27% yield.

Position	TTM	2025	2024	2023
ACYS FT Vest Laddered Autocallable Barrier & Resilient Income ETF	1.27%	0.00%	0.00%	0.00%
CVRD Madison Covered Call ETF	7.69%	7.63%	15.70%	1.50%

Frequently Asked Questions

Can I hold both CVRD and ACYS in my portfolio?

CVRD and ACYS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CVRD or ACYS?

On fees, ACYS is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CVRD or ACYS?

ACYS is cheaper with a 0.75% expense ratio, compared with 0.90% for CVRD.

Which ETF pays a higher dividend yield, CVRD or ACYS?

CVRD has the higher dividend yield at 7.69%, compared with 1.27% for ACYS.

What is the main difference between CVRD and ACYS?

They also come from different issuers: Madison and First Trust. Their fees differ too: 0.90% for CVRD and 0.75% for ACYS.