CVRD vs. AMDW

Last updated Jul 15, 2026

CVRD (Madison Covered Call ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. CVRD charges 0.90%/yr vs 0.99%/yr for AMDW.

Performance

CVRD vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Madison Covered Call ETF (CVRD) and Roundhill AMD WeeklyPay ETF (AMDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVRD achieves a 0.89% return, which is significantly lower than AMDW's 192.73% return.

CVRD

• 1D: -0.61%
• 1M: -1.09%
• 6M: -0.48%
• YTD: 0.89%
• 1Y: 3.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: 2.90%
• 1M: 7.65%
• 6M: 182.36%
• YTD: 192.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVRD vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
CVRD Madison Covered Call ETF	0.89%	1.12%
AMDW Roundhill AMD WeeklyPay ETF	192.73%	36.56%

Correlation

The correlation between CVRD and AMDW is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.14

CVRD vs. AMDW - Sectors Allocation Comparison

Sectors	CVRD	AMDW
Technology	26.7%	21.4%
Healthcare	12.4%	-
Financial Services	12.2%	-
Consumer Defensive	10.1%	-
Consumer Cyclical	9.0%	-
Industrials	8.5%	-
Communication Services	7.9%	-
Energy	5.9%	-
Real Estate	3.0%	-
Utilities	2.4%	-
Basic Materials	2.2%	-

Return for Risk

CVRD vs. AMDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CVRD

CVRD Risk / Return Rank: 15
CVRD Sharpe Ratio Rank: 15
CVRD Sortino Ratio Rank: 13
CVRD Omega Ratio Rank: 13
CVRD Calmar Ratio Rank: 17
CVRD Martin Ratio Rank: 18

AMDW

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CVRD vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call ETF (CVRD) and Roundhill AMD WeeklyPay ETF (AMDW). 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	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	0.32	—	—
Sortino ratio: Return per unit of downside risk	0.50	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.54	—	—
Martin ratio: Return relative to average drawdown	1.41	—	—

Drawdowns

CVRD vs. AMDW - Drawdown Comparison

The maximum CVRD drawdown since its inception was -17.95%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for CVRD and AMDW.

Drawdown Indicators

	CVRD	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-17.95%	-34.64%	+16.69%
Max Drawdown (1Y) Largest decline over 1 year	-5.72%	—	—
Current Drawdown Current decline from peak	-3.34%	-6.74%	+3.40%
Average Drawdown Average peak-to-trough decline	-2.06%	-13.85%	+11.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	—	—

Volatility

Volatility by Period

	CVRD	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.71%	83.51%	-73.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.73%	83.51%	-71.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.73%	83.51%	-71.78%

CVRD vs. AMDW - Expense Ratio Comparison

CVRD has a 0.90% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

CVRD vs. AMDW - Dividend Comparison

CVRD's dividend yield for the trailing twelve months is around 7.82%, less than AMDW's 41.01% yield.

Position	TTM	2025	2024	2023
AMDW Roundhill AMD WeeklyPay ETF	41.01%	34.78%	0.00%	0.00%
CVRD Madison Covered Call ETF	7.82%	7.63%	15.70%	1.50%

Frequently Asked Questions

Can I hold both CVRD and AMDW in my portfolio?

CVRD and AMDW have a correlation of 0.14, 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 AMDW?

On fees, CVRD is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CVRD or AMDW?

CVRD is cheaper with a 0.90% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 41.01%, compared with 7.82% for CVRD.

What is the main difference between CVRD and AMDW?

They also come from different issuers: Madison and Roundhill. Their fees differ too: 0.90% for CVRD and 0.99% for AMDW.