Which paid more, DYLG or OVL?

Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting price in cash and OVL paid 9.9%, so OVL 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 +14.8% and OVL +17.2% over the year to Nov 4, 2026.

Which is cheaper, DYLG or OVL?

DYLG charges 0.35% a year and OVL charges 0.79%, so DYLG is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

DYLG vs OVL: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OVL paid 9.9% of its price in cash against DYLG’s 9.2%, and returned more with it reinvested.

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Net assets: $4.8m on Oct 12, 2026 for Global X Dow 30 Covered Call & Growth ETF, and $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF.

DYLG on its own →OVL on its own →

At a glance

9.2%

DYLG cash paid, 1 year

9.9%

OVL cash paid, 1 year

+14.8%

DYLG total return, 1 year

+17.2%

OVL total return, 1 year

DYLG · 1 year to Nov 4, 2026 Not measured

DYLG

+14.8%

none

Not measured

DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. Data to Nov 4, 2026.

DYLG

+14.8%

9.2% of it arrived as cash

Total return, distributions reinvested

Not measured

DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. Data to Nov 4, 2026.

DYLG

+14.8%

9.2% cash

9.2% of it arrived as cash. Total return, distributions reinvested. DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

OVL · 1 year to Nov 4, 2026 2.4 pts ahead of VOO

OVL

+17.2%

VOO

+14.8%

2.4 pts ahead of VOO

OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.

VOO

+14.8%

OVL

+17.2%

9.9% of it arrived as cash

2.4 pts ahead of VOO

Total return, distributions reinvested

2.4 pts ahead of VOO

OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.

VOO

+14.8%

OVL

+17.2%

9.9% cash

2.4 pts ahead of VOO

9.9% of it arrived as cash. Both charts share one scale, 0 to +17.2%. OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +17.2%. Data to Nov 4, 2026.

Pair scorecard

DYLG costs 0.44 points a year less; their one-year returns differ by 2.4 points.

Points (pts) are percentage points.

DYLG vs OVL: Dividend Yield & Total Return
Measure	DYLG	OVL
Paid and earned
Measure	DYLG	OVL
Total return, 1 year	+14.8%	+17.2%
Price change, 1 year	rose 4.7%	rose 6.6%
Return of capital, issuer estimate	32% of the Sep 24, 2026 payment	100% of the Oct 29, 2026 payment
Against its benchmark
Measure	DYLG	OVL
Benchmark	not published	Vanguard S&P 500 ETF, measured through VOO
Cost and size
Measure	DYLG	OVL
Expense ratio	0.35%	0.79%
Net assets, DYLG as of Oct 12, 2026 and OVL as of Aug 31, 2026	$4.8m	$427m
Holdings
Measure	DYLG	OVL
Holdings in common	0%

Method

What they share

By the books each fund has filed, DYLG and OVL hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first DYLG OVL

Only in one fund ↓

Only in DYLG

THE GOLDMAN SACHS GROUP, INC. 11.60%

CATERPILLAR INC. 9.28%

MICROSOFT CORPORATION 5.29%

UNITEDHEALTH GROUP INCORPORATED 4.72%

AMGEN INC. 4.39%

The Travelers Companies, Inc. 4.26%

VISA INC. 4.17%

ALPHABET INC. 4.05%

Only in OVL

Vanguard S&P 500 ETF 99.97%

Check overlap with more funds →

Side by side

DYLG Global X Dow 30 Covered Call & Growth ETF · Covered call, paying monthly OVL Overlay Shares Large Cap Equity ETF · Put-selling overlay on VOO, paying monthly

Issuer Global X Overlay Shares

Strategy covered call put-selling overlay

Benchmark none Vanguard S&P 500 ETF (VOO)

Pays monthly monthly

Payout rate, annualized 4.0% 10.6%

Expense ratio 0.35% 0.79%

Cash paid, 1 year 9.2% 9.9%

Price change, 1 year +4.7% +6.6%

Total return, 1 year +14.8% +17.2%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available +2.4 pts

Return of capital, latest estimate 32% 100%

Age 3.3 years 7.1 years

Net assets, DYLG as of Oct 12, 2026 and OVL as of Aug 31, 2026 $4.8m $427m

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

Window by window: DYLG vs OVL: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	DYLG	OVL	DYLG	OVL	DYLG	OVL
3 months	−0.1%	−0.5%	0.8%	2.6%	not measured	−0.4 pts
6 months	+8.2%	+4.4%	1.8%	5.2%	not measured	−0.6 pts
1 year	+14.8%	+17.2%	9.2%	9.9%	not measured	+2.4 pts
3 years	+53.4%	+92.6%	31.6%	23.9%	not measured	+9.3 pts
Since launchNot the same days: DYLG Jul 2023 · OVL Oct 2019	+49.0%	+204.4%	31.3%	51.2%	not measured	+14.4 pts

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Alert

About each fund

DYLG

Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting value in cash distributions while its price rose 4.7%. With every distribution reinvested, the fund returned +14.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 4.0%, paid monthly. Global X estimates that 32% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

OVL

Over the year to Nov 4, 2026, OVL paid 9.9% of its starting value in cash distributions while its price rose 6.6%. With every distribution reinvested, the fund returned +17.2%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was ahead by 2.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.6%, paid monthly. Overlay Shares estimates that 100% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, DYLG or OVL?: Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting price in cash and OVL paid 9.9%, so OVL 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 +14.8% and OVL +17.2% over the year to Nov 4, 2026.
Which is cheaper, DYLG or OVL?: DYLG charges 0.35% a year and OVL charges 0.79%, so DYLG is cheaper. Fees come from each fund's prospectus.

Other comparisons

DYLG vs TSPY DYLG vs XPAY DYLG vs OVLH DYLG vs XIJN OVL vs QQDH OVL vs RECI OVL vs TMGN OVL vs VOOY

Where to next

Vanguard S&P 500 ETF (VOO) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →DYLG on its own →OVL on its own →DYLG dividend history →DYLG holdings →OVL dividend history →OVL holdings →Method →Standards and sources →

Sources and dates

DYLG filings on SEC EDGAR ↗

DYLG prospectus with the expense ratio (SEC) ↗

DYLG 19a-1 distribution notice ↗

Global X page for DYLG ↗

OVL filings on SEC EDGAR ↗

OVL prospectus with the expense ratio (SEC) ↗

OVL 19a-1 distribution notice ↗

Overlay Shares website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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.

Cite this pageCitation, APA and Markdown

ETFIQ, DYLG against OVL, data as of Nov 4, 2026. https://etfiq.com/compare/income/dylg-vs-ovl

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.