CVRDvsFELVETF Comparison
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Madison Covered Call ETF (CVRD) belongs to the Options Strategies segment. Fidelity Enhanced Large Cap Value ETF (FELV) is part of the US Large Cap Value segment. CVRD's top 3 sector exposures are Information Technology, Consumer Staples and Consumer Discretionary. In contrast, FELV's top sector exposures are Financials, Information Technology and Industrials. CVRD is more expensive with a Total Expense Ratio (TER) of 0.92%, versus 0.18% for FELV. CVRD is up 2.41% year-to-date (YTD) with -$2M in YTD flows. FELV performs better with 7.8% YTD performance, and +$123M in YTD flows. Run a side-by-side ETF comparison of CVRD and FELV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CVRD vs FELV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CVRD FELV | +5.52%+8.57% | -0.34%+4.39% | +2.41%+7.80% | +16.76%+27.96% | n/an/a | n/an/a |
| Flows | CVRD FELV | -$1M+$27M | -$2M+$101M | -$2M+$123M | -$12M+$151M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CVRD FELV | +10.65%+12.38% | +10.39%+10.90% | n/an/a | n/an/a |
| Max drawdown | CVRD FELV | -5.59%-6.76% | -5.63%-6.76% | n/an/a | n/an/a |
| Max drawdown duration | CVRD FELV | 45d43d | 80d43d | n/an/a | n/an/a |
Trading data
CVRD | FELV | |
Last sale 4/27/2026 at 1:30 PM | $18.54 | $37.13 |
| Previous close 04/27/2026 | $18.50 | $37.20 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
CVRD | FELV | |
|---|---|---|
| Last price | $18.54 | $37.13 |
| 1D performance | +0.22% | -0.19% |
| AuM | $34.22 M | $2.85 B |
| E/R | 0.92% | 0.18% |
Characteristics
CVRD | FELV | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Madison Investments | Fidelity |
| Benchmark | - | - |
| N° of holdings | 35 | 309 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 22, 2023 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
CVRD
USA
91.73%
Other
8.27%
FELV
USA
94.64%
Other
5.36%
Sectors
CVRD
Information Techn.
35.54%
Consumer Staples
9.96%
Consumer Discreti.
9.93%
Communication Ser.
8.39%
Energy
7.38%
Industrials
7.36%
Other
21.44%
FELV
Financials
17.99%
Information Techn.
13.69%
Industrials
13.58%
Health Care
10.68%
Communication Ser.
8.49%
Consumer Discreti.
8.34%
Other
27.23%
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Diversification
CVRD
Total weight of top 15 holdings out of 15
50.77%
FELV
Total weight of top 15 holdings out of 15
25.31%
Top 15 holdings
Data as of March 31, 2026
CVRD
ARCHER DANIELS
4.03%
DANAHER
3.91%
TRANSOCEAN
3.74%
MATADOR RESOURCES
3.64%
MICROCHIP TECHNOLOGY
3.55%
MICROSOFT-T
3.50%
T-MOBILE US INC
3.42%
PEPSICO U
3.34%
AMAZON.COM INC
3.21%
ADOBE INC
3.14%
AGILENT TECHNOLOGIES
3.14%
ACCENTURE PLC-A
3.10%
QUALCOMM
3.08%
VISA INCORPORATION
3.01%
LOWE'S COS INC
2.96%
FELV
BERKSHIRE HATHWAY
3.39%
JPMORGAN CHASE
2.62%
EXXON
2.59%
AMAZON.COM INC
2.18%
ALPHABET INC-CL
1.89%
MICRON TECHNOLOGY
1.63%
JOHNSON&JOHNSON
1.59%
ALPHABET INC-CL
1.53%
WALMART INC
1.33%
AT&T
1.25%
CHEVRON TEXACO
1.19%
PHILLIP MORRIS
1.08%
PROCTERGAMBLE
1.06%
CONOCOPHILLIPS
1.00%
RAYTHEON TECHNOLOGIES CORPORD
0.99%
Frequently asked questions about CVRD and FELV
How have the CVRD and FELV ETFs performed in 2026?
As of April 27, 2026, CVRD is up 2.41% year-to-date (YTD), while FELV has returned 7.8%. That puts FELV better performer ahead so far this year.
Which ETF is attracting more investor money: CVRD or FELV?
Year-to-date, the CVRD ETF saw -$2M in flows, compared to +$123M for FELV.
Which ETF is more volatile: CVRD or FELV?
Over the past year, CVRD had a volatility of 10.39%, while FELV experienced 10.9%.
Which ETF is bigger: CVRD or FELV?
As of April 27, 2026, CVRD holds $34.22 M in assets under management (AUM), while FELV manages $2.85 B.
What sectors do the CVRD and FELV ETFs invest in?
CVRD leans toward sectors like Information Technology, Consumer Staples and Consumer Discretionary. Meanwhile, FELV focuses on Financials, Information Technology and Industrials.
What are the top holdings of the CVRD ETF and FELV ETF?
CVRD top holdings include ARCHER DANIELS, DANAHER and TRANSOCEAN. FELV holds in its top three: BERKSHIRE HATHWAY, JPMORGAN CHASE and EXXON.
Which ETF is more diversified: CVRD or FELV?
CVRD holds 35 securities with 50.77% of its assets in the top 15. FELV has 329 securities and a top 15 weight of 25.31%.
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Latest news about CVRD & FELV
Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs
February 16, 2024
FELV
Fidelity Continues Trend of Mutual Fund Conversions to ETFs
November 27, 2023
FELV
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