CVRD vs VTI
Madison Covered Call ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | CVRD | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.92% | 0.03% | |
| AUM | $32M | $666.9B | |
| Dividend Yield | 7.65% | 1.07% | |
| Holdings | 65 | 3,543 | |
| YTD Return | +5.79% | +14.82% | |
| 1Y Return | +8.25% | +22.43% | |
| 3Y Return (annualized) | +7.44% | +21.93% | |
| 5Y Return (annualized) | - | +12.34% | |
| Volatility (annualized) | 9.3% | 15.4% | |
| Max Drawdown | -17.9% | -56.6% | |
| Fund Family | Madison Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 21, 2023 | May 24, 2001 |
CVRD vs VTI Performance
Madison Covered Call ETF (CVRD) is a ETF from Madison Funds and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year CVRD returned +8.25% while VTI returned +22.43%. Year to date, CVRD is up 5.79% versus a gain of 14.82% for VTI.
Over three years, CVRD compounded at +7.44% per year against +21.93% for VTI. Across the full 3-year window we track, VTI has the edge at +8.16% annualized vs +7.44%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 9.3% 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 -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 VTI 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 7.65% against 1.07% for VTI.
Holdings Overlap
CVRD and VTI share 30 holdings out of 2790 unique holdings combined, representing a 15.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CVRD or VTI?
CVRD has an expense ratio of 0.92% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, CVRD or VTI?
Over the past year CVRD returned +8.25% vs +22.43% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (3 years), CVRD annualized +7.44% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, CVRD or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 9.3% for CVRD. Worst drawdown: CVRD -17.9% vs VTI -56.6%.
Should I hold both CVRD and VTI?
CVRD and VTI have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVRD and VTI?
CVRD and VTI share 30 common holdings with a 15.0% weight overlap. Combined, they hold 2790 unique securities.
Which pays a higher dividend, CVRD or VTI?
CVRD yields 7.65% while VTI yields 1.07%, so CVRD currently pays the higher dividend yield.
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