CVRD vs SPY

ACVRD

BSPY

Measures won3–2CVRD wins · of 6 · 5Y

$10,000 · 5Y$18,118IVV · SPY $18,060

Lowest cost0.03%IVV · $3 on $10k

Most income7.37%CVRD · $737 on $10k

Smallest drop−5.7%CVRD · worst fall in 1Y

Held in common13.1%CVRD and SPY

CVRD

SPY

Madison Covered Call ETF · $31MState Street SPDR S&P 500 ETF · $805B

+9.6%3 years · per year$13,168 · $19,132+24.1%

[…]5 years · per year[…] · $18,060+12.6%

0.90%Expense ratio$90 · $9 on $10k · lower wins0.09%

7.37%12-mo yield$737 · $99 on $10k0.99%

−5.7%Worst dropSmaller wins−8.9%

9.2%VolatilityLower wins12.9%

3–2CVRD wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsCVRD · SPY

4.3%AMZN3.8%

3.2%AVGO2.4%

1.8%GOOG2.0%

4.6%V1.1%

Held in common13.1%

End-of-day Nov 4, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.09%	+1.6%	+13.4%	+13.5%	+24.2%	+12.6%	−8.9%	$886.8B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	0.99%	+1.7%	+13.3%	+13.4%	+24.1%	+12.6%	−8.9%	$804.8B
3	ACVRD	Madison Covered Call ETFRead Desk	0.90%	7.37%	+1.1%	+8.8%	+12.1%	+9.6%	new	−5.7%	$31M

End-of-day Nov 4, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.09%	+1.6%	+13.4%	+13.5%	+24.2%	+12.6%	−8.9%	$886.8B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	0.99%	+1.7%	+13.3%	+13.4%	+24.1%	+12.6%	−8.9%	$804.8B
3	ACVRD	Madison Covered Call ETFRead Desk	0.90%	7.37%	+1.1%	+8.8%	+12.1%	+9.6%	new	−5.7%	$31M

End-of-day Nov 4, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

CVRD vs SPY

CVRD

Madison Covered Call

[…]

SPY

SPDR S&P 500

$18,060

MeasureCVRDSPY

Fee0.90%0.09%

Cost on $10k a year$90$9

Yield7.37%0.99%

5 years, per year[…]+12.6%

3 years, per year+9.6%+24.1%

Worst drop · 1Y−5.7%−8.9%

Volatility · 1Y9.2%12.9%

3–2measures won
CVRD first

13.1%

holdings shared

Nov 4, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+13.4%

SPYSPDR

+13.3%

+13.4%Year to date+13.3%

1.0%Yield1.0%

$182BAssets$805B

1–0SPYM wins

End-of-day Nov 4, 2026

VOO vs IVV

YTD

VanguardVOO

+13.4%

IVViShares

+13.4%

+13.4%Year to date+13.4%

1.1%Yield1.1%

$1.00TAssets$887B

0–0level

End-of-day Nov 4, 2026

SCHD vs VIG

YTD

SchwabSCHD

+35.3%

VIGVanguard

+16.4%

+35.3%Year to date+16.4%

2.9%Yield1.4%

$123BAssets$109B

2–0SCHD wins

End-of-day Nov 4, 2026

Overlap: CVRD, SPY, IVV

Today

99.9%most shared, SPY and IVV

CVRDSPYIVV

CVRD—13.1%13.1%

SPY13.1%—99.9%

IVV13.1%99.9%—

End-of-day Nov 4, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$647most kept, CVRD

CVRD$737 − $90 = $647

IVV$109 − $3 = $106

SPY$99 − $9 = $90

KeptFee

End-of-day Nov 4, 2026 · yield in dollars minus the fee