Data as of Nov 4, 2026.
BALQ vs OVLH: Dividend Yield & Total Return
BALQ and OVLH both write options for income.
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Net assets: $43m on Nov 3, 2026 for iShares Nasdaq Premium Income Active ETF, and $109m on Aug 31, 2026 for Overlay Shares Hedged Large Cap Equity ETF.
4.1 pts ahead of QQQ
BALQ since launch: paid 10.0%, price +5.1%, total +15.6%, QQQ +11.5%, +4.1 pts. Data to Nov 4, 2026.
QQQ
+11.5%
BALQ
+15.6%
10.0% of it arrived as cash
4.1 pts ahead of QQQ
Total return, distributions reinvested
4.1 pts ahead of QQQ
BALQ since launch: paid 10.0%, price +5.1%, total +15.6%, QQQ +11.5%, +4.1 pts. Data to Nov 4, 2026.
QQQ
+11.5%
BALQ
+15.6%
10.0% cash
4.1 pts ahead of QQQ
10.0% of it arrived as cash. Total return, distributions reinvested. BALQ since launch: paid 10.0%, price +5.1%, total +15.6%, QQQ +11.5%, +4.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.7.8 pts behind VOO
OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
OVLH
+7.0%
7.8 pts behind VOO
Total return, distributions reinvested
7.8 pts behind VOO
OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
OVLH
+7.0%
7.8 pts behind VOO
0.3% of it arrived as cash. Both charts share one scale, 0 to +15.6%. OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +15.6%. Data to Nov 4, 2026.Pair scorecard
BALQ costs 0.45 points a year less.
Points (pts) are percentage points.
| Measure | BALQ | OVLH |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +7.0% |
| Price change | rose 5.1% (since Dec 3, 2025) | rose 6.7% (1 year) |
| Return of capital, issuer estimate | 97% of the Nov 5, 2026 payment | 38% of the Dec 29, 2023 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.35% | 0.80% |
| Net assets, BALQ as of Nov 3, 2026 and OVLH as of Aug 31, 2026 | $43m | $109m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, BALQ and OVLH hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | BALQ | OVLH | BALQ | OVLH | BALQ | OVLH |
| 3 months | −3.8% | −1.4% | 2.1% | 0.0% | −0.3 pts | −1.3 pts |
| 6 months | +1.3% | +1.6% | 5.2% | 0.0% | +1.7 pts | −3.5 pts |
| 1 year | – | +7.0% | – | 0.3% | – | −7.8 pts |
| 3 years | – | +58.6% | – | 1.7% | – | −24.8 pts |
| Since launchNot the same days: BALQ Dec 2025 · OVLH Jan 2021 | +15.6% | +73.9% | 10.0% | 3.2% | +4.1 pts | −47.2 pts |
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BALQ
Over the period from its first trade on Dec 3, 2025 to Nov 4, 2026, BALQ paid 10.0% of its starting value in cash distributions while its price rose 5.1%. With every distribution reinvested, the fund returned +15.6%. Nasdaq-100 (QQQ) returned +11.5% over the same days, so a holder was ahead by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. iShares estimates that 97% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
OVLH
Over the year to Nov 4, 2026, OVLH paid 0.3% of its starting value in cash distributions while its price rose 6.7%. With every distribution reinvested, the fund returned +7.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 7.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 0.3%, paid annually. Overlay Shares estimates that 38% of the distribution paid Dec 29, 2023 was a return of capital (its 19a-1 notice).
Questions people ask
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, BALQ against OVLH, data as of Nov 4, 2026. https://etfiq.com/compare/income/balq-vs-ovlh
ETFIQ. (Nov 4, 2026). BALQ against OVLH. Retrieved from https://etfiq.com/compare/income/balq-vs-ovlh
[BALQ against OVLH (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/balq-vs-ovlh)
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