CVRD vs. IWLG ETF Comparison

Comparison of Madison Covered Call ETF (CVRD) to IQ MacKay Municipal Insured ETF (IWLG)

CVRD

Madison Covered Call ETF

CVRD Description

The fund will seek to achieve its objectives by (1) investing in common stocks of equity securities that pay dividends and (2) writing (i.e., selling) covered call options on a substantial portion of its portfolio of securities. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of companies, including other investment companies.

Grade (RS Rating)

Last Trade

$19.64

Average Daily Volume

6,647

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IWLG

IQ MacKay Municipal Insured ETF

IWLG Description

IQ MacKay Municipal Insured ETF seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IQ MacKay Municipal Insured ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$47.70

Average Daily Volume

10,115

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVRD	IWLG
30 Days	0.70%	3.60%
60 Days	1.14%	5.25%
90 Days	2.31%	7.23%
12 Months	9.31%	37.83%

6 Overlapping Holdings

Symbol	Grade	Weight in CVRD	Weight in IWLG	Overlap
ADBE	C	3.24%	0.84%	0.84%
AMD	F	1.86%	1.78%	1.78%
AMZN	C	2.08%	8.27%	2.08%
GOOG	C	3.44%	2.44%	2.44%
MSFT	F	2.49%	12.49%	2.49%
TXN	C	1.77%	0.97%	0.97%

CVRD Overweight 36 Positions Relative to IWLG

Symbol	Grade	Weight
CSCO	B	3.92%
LVS	C	3.7%
CME	A	3.69%
V	A	3.17%
PYPL	B	3.02%
STZ	D	2.89%
MDT	D	2.82%
CMCSA	B	2.81%
TMUS	B	2.59%
ABT	B	2.55%
APD	A	2.37%
HON	B	2.35%
ACN	C	2.33%
AES	F	2.19%
A	D	2.18%
UPS	C	2.1%
EMR	A	2.04%
MCHP	D	2.04%
ADM	D	1.98%
LH	C	1.72%
LOW	D	1.7%
AMT	D	1.67%
PEP	F	1.67%
MTDR	B	1.6%
APH	A	1.57%
HPE	B	1.54%
UNP	C	1.52%
JNJ	D	1.47%
GLW	B	1.43%
DHR	F	1.42%
COP	C	1.32%
FAST	B	1.26%
ROST	C	1.03%
RIG	D	0.83%
DLTR	F	0.8%
APA	D	0.66%

CVRD Underweight 36 Positions Relative to IWLG

Symbol	Grade	Weight
NVDA	C	-7.8%
AAPL	C	-6.63%
META	D	-5.28%
AVGO	D	-4.01%
LLY	F	-2.51%
SPOT	B	-2.49%
GOOGL	C	-2.42%
MA	C	-2.33%
ISRG	A	-2.23%
GE	D	-2.0%
KKR	A	-1.99%
TT	A	-1.86%
NFLX	A	-1.8%
WDAY	B	-1.76%
NOW	A	-1.75%
FICO	B	-1.73%
ETN	A	-1.62%
INTU	C	-1.55%
TSLA	B	-1.52%
UBER	D	-1.51%
MELI	D	-1.49%
LRCX	F	-1.43%
CMG	B	-1.34%
SBUX	A	-1.27%
ORCL	B	-1.22%
SYK	C	-1.19%
ORLY	B	-1.19%
SHOP	B	-1.11%
SNPS	B	-1.07%
WCN	A	-1.07%
ASML	F	-1.05%
HLT	A	-1.03%
VMC	B	-0.97%
ALNY	D	-0.95%
BSX	B	-0.95%
BKNG	A	-0.55%