CVY vs MDIV
Invesco Zacks Multi-Asset Income ETF compared with Multi-Asset Diversified Income Index Fund on yield, payout growth, payment schedule, cost and risk.
CVY
Invesco Zacks Multi-Asset Income ETF
TTM yield · Quarterly
MDIV
Multi-Asset Diversified Income Index Fund
TTM yield · Monthly
Quick take
- MDIV yields more today: 7.19% vs 3.09% (forward).
- CVY has grown its payout faster: 19.3%/yr vs 5.6%/yr over the last 5 years.
- CVY pays every quarter; MDIV pays every month.
- Over the last year CVY delivered the higher total return: +13.4% vs +7.0% (price change plus payouts).
- MDIV is cheaper to own: 0.71% vs 1.15% expense ratio.
- CVY has the steadier distribution: consistency 78/100 vs 66/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | CVY | MDIV |
|---|---|---|
| Share price | $29.22 | $16.07 |
| TTM yield | 3.99% | 6.75% |
| Forward yield | 3.09% | 7.19% |
| Annual payout per share | $0.904 | $1.155 |
| Payment frequency | Quarterly | Monthly |
| Next ex-date | Dec 21, 2026 (est.) | Oct 24, 2026 (est.) |
| Expense ratio | 1.15% | 0.71% |
| 1-year payout growth | +13.4% | -0.7% |
| 5-year payout CAGR | +19.3% | +5.6% |
| Consecutive years of increases | 1 year | 0 years |
| Payout consistency (last 12) | 78/100 | 66/100 |
| 1-year total return | +13.4% | +7.0% |
| 1-year price return | +9.1% | +0.2% |
| Size (market cap / AUM) | 116.8M | 407.1M |
| Years paying | 19.8 | 14.1 |
| Sector / category | Aggressive Allocation | Aggressive Allocation |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| CVY | MDIV | |
|---|---|---|
| Shares | 342.2 | 622.3 |
| Income per year | $309 | $719 |
| Income per month (avg) | $26 | $60 |
At forward yields, before taxes. Model CVY · Model MDIV
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| CVY Dec 21, 2026 | Jan 4, 2027 | $0.226 | Est. |
| CVY Mar 22, 2027 | Apr 5, 2027 | $0.226 | Est. |
| CVY Jun 21, 2027 | Jul 5, 2027 | $0.226 | Est. |
| MDIV Nov 23, 2026 | Dec 1, 2026 | $0.0963 | Est. |
| MDIV Dec 23, 2026 | Dec 31, 2026 | $0.0963 | Est. |
| MDIV Jan 22, 2027 | Jan 30, 2027 | $0.0963 | Est. |
Annual payouts per share
CVYMDIV
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, CVY or MDIV?
MDIV currently has the higher trailing yield: CVY yields 3.99% and MDIV yields 6.75%. Yield changes daily with price, so check the live figures above.
How often do CVY and MDIV pay?
CVY pays every quarter and MDIV pays every month. CVY's next ex-date is Dec 21, 2026 and MDIV's is Oct 24, 2026.
Which has grown its dividend faster, CVY or MDIV?
CVY has grown its payout faster: 19.3%/yr vs 5.6%/yr over the last 5 years.
Is CVY or MDIV better for income?
It depends on what you are optimising for. CVY and MDIV differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.