CVRD vs SPY

ACVRD

BSPY

Measures won3–2CVRD wins · of 6 · 5Y

$10,000 · 5Y$17,156VOO · SPY $17,099

Lowest cost0.03%VOO · $3 on $10k

Most income7.50%CVRD · $750 on $10k

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

Held in common13.3%CVRD and SPY

CVRD

SPY

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

+8.7%3 years · per year$12,836 · $18,174+22.0%

[…]5 years · per year[…] · $17,099+11.3%

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

7.50%12-mo yield$750 · $103 on $10k1.03%

−5.7%Worst dropSmaller wins−8.9%

9.4%VolatilityLower wins13.6%

3–2CVRD wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsCVRD · SPY

4.5%AMZN3.9%

3.1%AVGO2.3%

1.8%GOOG2.1%

4.7%V1.1%

Held in common13.3%

End-of-day Nov 5, 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	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.10%	−4.4%	+8.4%	+9.8%	+22.1%	+11.4%	−8.9%	$1.00T
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	−4.4%	+8.3%	+9.7%	+22.0%	+11.3%	−8.9%	$804.8B
3	ACVRD	Madison Covered Call ETFRead Desk	0.90%	7.50%	−1.8%	+6.9%	+10.7%	+8.7%	new	−5.7%	$31M

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

All Three

5Y3 funds

#
1	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.10%	−4.4%	+8.4%	+9.8%	+22.1%	+11.4%	−8.9%	$1.00T
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	−4.4%	+8.3%	+9.7%	+22.0%	+11.3%	−8.9%	$804.8B
3	ACVRD	Madison Covered Call ETFRead Desk	0.90%	7.50%	−1.8%	+6.9%	+10.7%	+8.7%	new	−5.7%	$31M

End-of-day Nov 5, 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

$17,099

MeasureCVRDSPY

Fee0.90%0.09%

Cost on $10k a year$90$9

Yield7.50%1.03%

5 years, per year[…]+11.3%

3 years, per year+8.7%+22.0%

Worst drop · 1Y−5.7%−8.9%

Volatility · 1Y9.4%13.6%

3–2measures won
CVRD first

13.3%

holdings shared

Nov 5, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+8.4%

SPYSPDR

+8.3%

+8.4%Year to date+8.3%

1.1%Yield1.0%

$182BAssets$805B

2–0SPYM wins

End-of-day Nov 5, 2026

VOO vs IVV

YTD

VanguardVOO

+8.4%

IVViShares

+8.4%

+8.4%Year to date+8.4%

1.1%Yield1.1%

$1.00TAssets$887B

0–0level

End-of-day Nov 5, 2026

SCHD vs VIG

YTD

SchwabSCHD

+32.3%

VIGVanguard

+12.5%

+32.3%Year to date+12.5%

3.0%Yield1.5%

$123BAssets$109B

2–0SCHD wins

End-of-day Nov 5, 2026

Overlap: CVRD, SPY, VOO

Today

93.5%most shared, SPY and VOO

CVRDSPYVOO

CVRD—13.3%12.7%

SPY13.3%—93.5%

VOO12.7%93.5%—

End-of-day Nov 5, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$660most kept, CVRD

CVRD$750 − $90 = $660

VOO$110 − $3 = $107

SPY$103 − $9 = $94

KeptFee

End-of-day Nov 5, 2026 · yield in dollars minus the fee