# CVRD ETF returns, drawdowns and dividends

> CVRD (Madison Covered Call ETF): 1-year total return +5.33%, price return -0.87%, max drawdown 7.89%, trailing yield 5.91%. Daily data through Oct. 26, 2026.

Source: https://findetfstock.com/etf/cvrd/ · Prices through: 2026-10-26 · Data: Yahoo Finance daily closes and ex-dividend amounts

Madison Covered Call ETF (option income ETF). Total assets: $30M, average daily dollar volume $28K (3 months), as of 2026-10-26 (Yahoo Finance; fund net assets, all share classes).

CVRD gained 5.33% over the past year with dividends reinvested (-0.87% on price alone), based on closing prices through Oct. 26, 2026. Over the last 3.2 years (since Aug. 22, 2023) it gained 22.70% with dividends reinvested, or +6.65% a year. Its largest fall from a peak over the past year was 7.89%, and it closed 11.71% below its highest close since Aug. 22, 2023 ($21.20 on March 21, 2024). It pays dividends quarterly: $1.10 per share over the last 12 months, a trailing yield of 5.91%. 

## Returns by period

| Period | Since | Total return | Price return |
|---|---|---|---|
| 1 month | 2026-09-25 | +1.52% | +1.52% |
| 3 months | 2026-07-24 | +4.12% | +4.12% |
| 6 months | 2026-04-24 | +2.88% | +1.17% |
| Year to date | 2025-12-31 | +5.01% | +1.53% |
| 1 year | 2025-10-24 | +5.33% | -0.87% |
| 3 years | 2023-10-26 | +26.97% (+8.28%/yr) | -3.35% (-1.13%/yr) |
| Since first close | 2023-08-22 | +22.70% (+6.65%/yr) | -6.63% (-2.13%/yr) |

Total return reinvests every dividend at the ex-dividend date close. Price return excludes dividends.

## Did the payouts keep up with the price?

Over the past year CVRD paid out 5.85% of its starting price in distributions, while its price changed -0.87%. Reinvesting every payment gave a total return of +5.33%. The share price fell, but the payouts more than made up for it.

## Calendar-year returns

| Year | Total return | Price return |
|---|---|---|
| 2026 (year to date) | +5.01% | +1.53% |
| 2025 | +5.91% | -1.81% |
| 2024 | +4.92% | -9.58% |

## Drawdowns

| Measure | Value |
|---|---|
| Max drawdown, 1 year | 7.89% |
| Max drawdown, 3 years | 26.36% |
| Max drawdown, 5 years | 26.36% |
| Highest close since 2023-08-22 | $21.20 on 2024-03-21 (-11.71% from there) |
| 52-week closing range | $17.56 to $19.07 |

Deepest fall in the stored history: 26.36%, from 2024-03-21 to 2025-04-08, not yet recovered.

## Dividends

Trailing 12 months: $1.10 per share in 3 payments, yield 5.91%. Last ex-dividend date: 2026-06-26 ($0.30).

| Year | Dividends per share | Payments |
|---|---|---|
| 2026 (so far) | $0.60 | 2 |
| 2025 | $1.41 | 4 |
| 2024 | $2.95 | 4 |

Historical data for research and education, not investment advice. Methodology: https://findetfstock.com/methodology/