CVRD - ETF AI Analysis
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Madison Covered Call ETF (CVRD)
Rating:72Outperform
Price Target:―
Positive Factors
Mix of Strong and Steady Top Holdings
Several of the largest positions, including Microchip, Archer Daniels Midland, Broadcom, Amazon, PepsiCo, and Transocean, have shown strong or steady gains, helping support the ETF’s overall results.
Broad Sector Diversification
The fund spreads its investments across many sectors such as technology, financials, consumer stocks, industrials, health care, energy, and more, which helps reduce the impact if one industry struggles.
Positive Year-to-Date Performance
The ETF has delivered a modest gain so far this year, showing it has held up reasonably well despite some recent short-term ups and downs.
Negative Factors
High Expense Ratio
The fund’s expense ratio is relatively high for an ETF, which means more of the return is eaten up by fees over time.
Heavy U.S. Concentration
With the vast majority of assets in U.S. companies and only a small slice abroad, investors get limited geographic diversification.
Several Weak Top Holdings
Some major positions like Danaher, Microsoft, Agilent, and Qualcomm have shown weak performance this year, which can drag on the fund’s returns if the trend continues.
CVRD vs. SPDR S&P 500 ETF (SPY)
AUM32.22M
RegionNorth America
Expense Ratio0.92%
Beta0.65
IssuerMadison
Inception DateAug 21, 2023
Dividend Yield7.86%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume52
30 Day Avg. Volume943
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
22.20Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering35
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CVRD Summary
The Madison Covered Call ETF (CVRD) is a broad U.S. stock fund that doesn’t track a specific index but aims to cover the total market while using a “covered call” strategy to generate extra income. It holds many types of companies, with a big tilt toward technology, including well-known names like Microsoft and Amazon, plus consumer brands like PepsiCo. Someone might invest in CVRD to get wide stock market exposure while seeking added income from option premiums. A key risk is that it can still rise and fall with the overall stock market, and the options strategy may limit gains in strong bull markets.
How much will it cost me?The Madison Covered Call ETF (CVRD) has an expense ratio of 0.99%, which means you’ll pay $9.90 per year for every $1,000 invested. This is higher than average because the fund is actively managed and uses a covered call strategy, which requires more hands-on management compared to passive index funds.
What would affect this ETF?The Madison Covered Call ETF (CVRD) could benefit from positive trends in the technology sector, which makes up a significant portion of its holdings, as well as strong consumer spending that supports companies like Amazon and Lowe's. However, rising interest rates or economic slowdowns could negatively impact financial and consumer cyclical sectors, while regulatory changes in healthcare or technology could pose risks to top holdings like Adobe and Danaher.
CVRD Top 10 Holdings
CVRD leans heavily into U.S. large caps, with tech and health care setting the tone. Palo Alto Networks has been a clear bright spot, riding strong momentum and helping power returns, while Broadcom’s AI-driven story adds more fuel on the tech side. Agilent and Union Pacific have been steady contributors, offering a calmer counterweight. On the other hand, Microsoft and Amazon have lost some steam lately, acting as mild drags rather than engines of growth. Overall, the fund’s story is U.S.-centric, with a noticeable tilt toward innovative, higher-growth names.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Palo Alto Networks | 4.92% | $1.58M | $234.54B | 40.86% | 73 Outperform | |
| Archer Daniels Midland | 4.52% | $1.46M | $36.19B | 44.43% | 64 Neutral | |
| Danaher | 4.33% | $1.39M | $125.40B | -9.24% | 75 Outperform | |
| Amazon | 4.05% | $1.31M | $2.63T | 11.66% | 71 Outperform | |
| Microsoft | 3.94% | $1.27M | $2.82T | -24.42% | 79 Outperform | |
| Agilent | 3.93% | $1.27M | $35.89B | 8.92% | 73 Outperform | |
| Visa | 3.70% | $1.19M | $616.56B | -4.99% | 70 Outperform | |
| Broadcom | 3.44% | $1.11M | $1.96T | 54.52% | 76 Outperform | |
| Union Pacific | 3.19% | $1.03M | $152.51B | 15.06% | 72 Outperform | |
| PepsiCo | 3.15% | $1.02M | $194.11B | 9.00% | 78 Outperform |
CVRD Technical Analysis
Neutral
―
Price Trends
18.15
Negative
18.03
Negative
17.86
Positive
Market Momentum
-0.12
Negative
48.10
Neutral
66.33
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CVRD, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 17.89, equal to the 50-day MA of 18.15, and equal to the 200-day MA of 17.86, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 48.10 is Neutral, neither overbought nor oversold. The STOCH value of 66.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CVRD.
CVRD Peer Comparison
Comparison Results
Performance Comparison
CVRD
Madison Covered Call ETF
17.89
0.43
2.46%
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RFDA
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis 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.Date of analysis: ―
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