CVRD - ETF AI Analysis
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Madison Covered Call ETF (CVRD)
CVRD, the Madison Covered Call ETF, earns a solid overall rating thanks to several high-quality holdings with strong financial performance and growth prospects, such as Adobe, Accenture, and Broadcom, which benefit from profitable operations and strategic focus on AI and innovation. The fund is somewhat held back by weaker names like Transocean, which faces profitability and valuation challenges, and by risks tied to energy exposure through Matador Resources, where commodity price volatility can impact returns. Overall, the ETF’s rating reflects a balance of strong, diversified growth-oriented holdings and a few more volatile or financially challenged positions.
CVRD vs. SPDR S&P 500 ETF (SPY)
- AUM
- 31.31M
- Region
- North America
- Expense Ratio
- 0.90%
- Beta
- 0.66
- Issuer
- Madison
- Inception Date
- Aug 21, 2023
- Dividend Yield
- 7.46%
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
CVRD Summary
Madison Covered Call ETF (CVRD) is a broad U.S. stock fund that uses a covered call strategy to generate extra income. It doesn’t track a specific index, but aims to cover the total market, with holdings across technology, financials, health care, energy, and more. Well-known companies like Amazon and Visa are among its top positions. Someone might invest in CVRD to get wide stock market exposure while seeking additional income from option premiums. A key risk is that the ETF still moves with the overall stock market, so its value can go up and down.
How much will it cost me?
This ETF has an expense ratio of 0.92%, which means you’ll pay about $9.20 per year for every $1,000 you invest. That’s higher than the average ETF because it uses an actively managed covered call strategy, which typically costs more to run than simple index-tracking funds.
What would affect this ETF?
Future performance of this U.S.-focused, broad market ETF will be helped by a healthy economy and strong results from major technology, financial, and energy names like Amazon, Visa, and BlackRock, which can also support the income generated by its covered call strategy. On the negative side, a U.S. slowdown, market volatility that limits stock price gains, or regulatory changes affecting options and key sectors could reduce both growth potential and income from the fund.
CVRD Top 10 Holdings
CVRD leans heavily on U.S. large caps, with tech and communication names like Meta, Amazon, and Broadcom doing much of the heavy lifting. Meta has been a bright spot, rising steadily, while Amazon and Visa add a more consistent, growth-oriented push. On the flip side, Accenture and Adobe have been losing steam year-to-date, acting as mild brakes on performance despite recent rebounds. Energy exposure via Transocean has been a surprising engine, powering ahead and helping offset some of tech’s mixed results, leaving the fund broadly diversified but still tilted toward U.S. growth stories.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 DHR | Danaher | 5.45% | $1.71M | $163.38B | 7.99% | 75Outperform |
 AMZN | Amazon | 4.20% | $1.32M | $2.59T | 7.85% | 71Outperform |
 V | Visa | 4.46% | $1.40M | $782.42B | 19.87% | 70Outperform |
 ACN | Accenture | 4.18% | $1.31M | $152.63B | 3.61% | 79Outperform |
 CH:TOJ | Transocean | ― | ― | ― | ― | 60Neutral |
 BLK | BlackRock | 3.76% | $1.18M | $186.45B | 4.51% | 77Outperform |
 MTDR | Matador Resources | 3.63% | $1.14M | $7.53B | 54.83% | 82Outperform |
 ADBE | Adobe | 3.49% | $1.09M | $97.39B | -26.24% | 80Outperform |
 AMT | American Tower | 3.44% | $1.08M | $87.09B | 4.64% | 71Outperform |
 AVGO | Broadcom | 3.31% | $1.03M | $1.56T | -13.38% | 76Outperform |
CVRD Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CVRD, the sentiment is Positive. The current price of 18.83 is above the 20-day moving average (MA) of 18.49, above the 50-day MA of 18.39, and above the 200-day MA of 17.96, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 72.15 is Negative, neither overbought nor oversold. The STOCH value of 95.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CVRD.
CVRD Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| CVRD | $18.83 | $19.50(3.55% Upside) | $31.31M | 0.90% | 66Neutral |
 STNC | $37.32 | $42.62(14.20% Upside) | $93.14M | 0.85% | 68Neutral |
 SOVF | $31.63 | $37.50(18.56% Upside) | $90.20M | 0.75% | 70Neutral |
 PFOE | $21.63 | $29.13(34.68% Upside) | $88.71M | 0.59% | 75Outperform |
 VAMO | $36.31 | $42.55(17.18% Upside) | $87.92M | 0.65% | 63Neutral |
 YALL | $42.68 | $53.35(24.98% Upside) | $79.03M | 0.65% | 67Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CVRD | Madison Covered Call ETF | 18.83 | 1.81 | 10.63% | |
| STNC | Stance Equity ESG Large Cap Core ETF | 37.32 | 5.00 | 15.49% | |
| SOVF | Sovereign's Capital Flourish Fund | 31.63 | 3.21 | 11.29% | |
| PFOE | Pathfinder Focused Opportunities ETF | 21.63 | -3.23 | -13.00% | |
| VAMO | Cambria Value & Momentum ETF | 36.31 | 3.71 | 11.37% | |
| YALL | God Bless America ETF | 42.68 | -1.91 | -4.29% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.