CVRD vs. SPY
Compare and contrast key facts about Madison Covered Call ETF (CVRD) and SPDR S&P 500 ETF (SPY).
CVRD and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVRD is an actively managed fund by Madison. It was launched on Aug 21, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVRD or SPY.
Correlation
The correlation between CVRD and SPY is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CVRD vs. SPY - Performance Comparison
Key characteristics
CVRD:
0.62
SPY:
1.81
CVRD:
0.86
SPY:
2.43
CVRD:
1.12
SPY:
1.33
CVRD:
1.09
SPY:
2.73
CVRD:
2.86
SPY:
11.35
CVRD:
1.61%
SPY:
2.03%
CVRD:
7.54%
SPY:
12.77%
CVRD:
-6.47%
SPY:
-55.19%
CVRD:
-3.70%
SPY:
-0.80%
Returns By Period
In the year-to-date period, CVRD achieves a -0.77% return, which is significantly lower than SPY's 3.20% return.
CVRD
-0.77%
0.58%
2.53%
4.52%
N/A
N/A
SPY
3.20%
4.20%
14.15%
22.23%
14.16%
13.17%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CVRD vs. SPY - Expense Ratio Comparison
CVRD has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CVRD vs. SPY — Risk-Adjusted Performance Rank
CVRD
SPY
CVRD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call ETF (CVRD) and SPDR S&P 500 ETF (SPY). 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.
Dividends
CVRD vs. SPY - Dividend Comparison
CVRD's dividend yield for the trailing twelve months is around 15.82%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVRD Madison Covered Call ETF | 15.82% | 15.70% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CVRD vs. SPY - Drawdown Comparison
The maximum CVRD drawdown since its inception was -6.47%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CVRD and SPY. For additional features, visit the drawdowns tool.
Volatility
CVRD vs. SPY - Volatility Comparison
The current volatility for Madison Covered Call ETF (CVRD) is 2.60%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.82%. This indicates that CVRD experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.