Data as of .
DYLG vs OVL: which paid, and which earned it?
Over the year DYLG paid 9.5% of its price in cash against OVL’s 8.9%, though OVL returned more with it reinvested.
ETFIQ Return Stability Score: OVL scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, DYLG and OVL hold 0% of their money in the same securities at the same weight.
| Only in DYLG | Only in OVL |
|---|---|
| GOLDMAN SACHS GROUP INC 10.88% | Vanguard S&P 500 ETF 100.00% |
| CATERPILLAR INC 9.35% | |
| MICROSOFT CORP 5.70% | |
| AMGEN INC 4.46% | |
| UNITEDHEALTH GROUP INC 4.35% | |
| TRAVELERS COS INC/THE 4.33% | |
| VISA INC-CLASS A SHARES 4.25% | |
| ALPHABET INC-CL A 4.04% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| DYLG | OVL | DYLG | OVL | DYLG | OVL | |
| 3 months | +1.9% | +2.3% | 0.8% | 2.6% | +1.5 pts | 0.0 pts |
| 6 months | +13.0% | +18.8% | 2.1% | 5.7% | −0.9 pts | +0.7 pts |
| 1 year | +13.8% | +19.2% | 9.5% | 8.9% | +0.3 pts | +2.6 pts |
| 3 years | +47.0% | +86.2% | 30.8% | 21.1% | −9.8 pts | +7.8 pts |
| Since launch | +44.7% | +203.4% | 30.7% | 47.2% | −8.3 pts | +16.1 pts |
| DYLG Global X Dow 30 Covered Call & Growth ETF Covered call on DIA, paying monthly | OVL Overlay Shares Large Cap Equity ETF Put-selling overlay on SPY, paying monthly | |
|---|---|---|
| Issuer | Global X | Overlay Shares |
| Strategy | covered call | put-selling overlay |
| Benchmark | Dow Jones Industrial Average (DIA) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 3.1% | 10.4% |
| Expense ratio | 0.35% | not published |
| Cash paid, 1 year | 9.5% | 8.9% |
| Price change, 1 year | +3.5% | +9.4% |
| Total return, 1 year | +13.8% | +19.2% |
| Benchmark return, 1 year | +13.5% | +16.6% |
| Ahead or behind | +0.3 pts | +2.6 pts |
| Return of capital, latest estimate | 59% | not published |
| Age | 1150 days | 2544 days |
| Net assets | $6m | $276m |
DYLG in plain words
Over the year to Sep 18, 2026, DYLG paid 9.5% of its starting value in cash distributions while its price rose 3.5%. With every distribution reinvested, the fund returned +13.8%. Dow Jones Industrial Average (DIA) returned +13.5% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 3.1%, paid monthly. Global X estimates that 59% of the distribution paid Aug 27, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
OVL in plain words
Over the year to Sep 18, 2026, OVL paid 8.9% of its starting value in cash distributions while its price rose 9.4%. With every distribution reinvested, the fund returned +19.2%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 2.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 10.4%, paid monthly.
Questions people ask
- Which paid more, DYLG or OVL?
- Over the year to Sep 18, 2026, DYLG paid 9.5% of its starting price in cash and OVL paid 8.9%, so DYLG paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, DYLG or OVL?
- With every distribution reinvested, DYLG returned +13.8% and OVL returned +19.2% over the year to Sep 18, 2026, so OVL returned more.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DYLG against OVL, data as of Sep 18, 2026. https://etfiq.com/compare/income/dylg-vs-ovl Free to use with attribution; the underlying files are at Open data.