CVRD vs IVV
Madison Covered Call ETF vs iShares Core S&P 500 ETF
Which is better, CVRD or IVV?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVRD | IVV |
|---|---|---|
| Expense Ratio | 0.92% | 0.03%Best |
| AUM | $32M | $876.4B |
| Dividend Yield | 7.43% | 1.06% |
| Holdings | 65 | 508 |
| YTD Return | +3.25% | +13.85%Best |
| 1Y Return | +6.37% | +18.57%Best |
| 3Y Return (annualized) | +7.03% | +23.50%Best |
| 5Y Return (annualized) | - | +13.34% |
| Volatility (annualized) | 9.4%Best | 12.8% |
| Max Drawdown | -17.9%Best | -18.8% |
| $10,000 over 3.1 years | $12,092 | $18,392Best |
| Fund Family | Madison Funds | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 21, 2023 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 22, 2023 to Sep 25, 2026 (3.1 years).
CVRD vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.1 years both funds cover.
CVRD vs IVV Performance
Madison Covered Call ETF (CVRD) is an ETF from Madison Funds and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CVRD returned +6.37% while IVV returned +18.57%. Year to date, CVRD is up 3.25% versus a gain of 13.85% for IVV.
Over three years, CVRD compounded at +7.03% per year against +23.50% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 9.4% for CVRD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.9% for CVRD and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVRD charges 0.92% per year while IVV charges 0.03%. On a $10,000 position that is $92 vs $3 annually, a gap of $89 per year that compounds over a long holding period. On income, CVRD currently yields 7.43% against 1.06% for IVV.
Holdings Overlap
At least 13.2% of IVV's money is in holdings CVRD also owns.
Stated as a floor: for CVRD, our book for it covers 89.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and CVRD share little of their money.
28 positions in common, counted across the 31 positions we hold weights for in CVRD and 490 in IVV, against full books of 65 and 508.
Top Shared Holdings
| Stock | Weight in CVRD | Weight in IVV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.48% | 3.84% | 0.64% |
| AVGOBroadcom Inc | 3.44% | 2.65% | 0.79% |
| VVisa Inc Class A | 4.09% | 0.95% | 3.14% |
| DHRDanaher Corporation | 4.79% | 0.20% | 4.59% |
| METAMeta Platforms Inc | 2.97% | 1.90% | 1.07% |
| ADBEAdobe Systems | 3.76% | 0.18% | 3.58% |
| BLKBlackrock Funding Inc/De | 3.58% | 0.25% | 3.33% |
| PEPPepsico Inc. | 3.18% | 0.29% | 2.89% |
| AMTAmerican Tower Corporation | 3.27% | 0.12% | 3.15% |
| MMCMarsh & Mclennan Cos Inc Common Stock Usd 1 | 3.22% | 0.14% | 3.08% |
You are not choosing between two funds in isolation.
Whichever of CVRD and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVRD or IVV?
CVRD has an expense ratio of 0.92% while IVV charges 0.03%. IVV is the cheaper option, by $89 a year on a $10,000 investment.
Which performed better, CVRD or IVV?
Over the past year CVRD returned +6.37% vs +18.57% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVRD or IVV?
IVV has been the more volatile fund at 12.8% annualized versus 9.4% for CVRD. Worst drawdown: CVRD -17.9% vs IVV -18.8%.
Should I hold both CVRD and IVV?
CVRD and IVV have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CVRD and IVV?
At least 13.2% of IVV's money is in holdings CVRD also owns. Our book for CVRD is partial, so the real figure is this or higher. They hold 28 positions in common, counted across the 31 positions we hold weights for in CVRD and 490 in IVV.
Which pays a higher dividend, CVRD or IVV?
CVRD yields 7.43% while IVV yields 1.06%, so CVRD currently pays the higher dividend yield.
Is IVV better than CVRD?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.