Which paid more, DYLG or OVLH?

Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting price in cash and OVLH paid 0.3%, 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 OVLH?

With every distribution reinvested, DYLG returned +14.8% and OVLH +7.0% over the year to Nov 4, 2026.

Which is cheaper, DYLG or OVLH?

DYLG charges 0.35% a year and OVLH charges 0.80%, so DYLG is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

DYLG vs OVLH: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, DYLG paid 9.2% of its price in cash against OVLH’s 0.3%, 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 $109m on Aug 31, 2026 for Overlay Shares Hedged Large Cap Equity ETF.

DYLG on its own →OVLH on its own →

At a glance

9.2%

DYLG cash paid, 1 year

0.3%

OVLH cash paid, 1 year

+14.8%

DYLG total return, 1 year

+7.0%

OVLH 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.

OVLH · 1 year to Nov 4, 2026 7.8 pts behind VOO

OVLH

+7.0%

VOO

+14.8%

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 +14.8%. 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 +14.8%. Data to Nov 4, 2026.

Pair scorecard

DYLG costs 0.45 points a year less; their one-year returns differ by 7.8 points.

Points (pts) are percentage points.

DYLG vs OVLH: Dividend Yield & Total Return
Measure	DYLG	OVLH
Paid and earned
Measure	DYLG	OVLH
Total return, 1 year	+14.8%	+7.0%
Price change, 1 year	rose 4.7%	rose 6.7%
Return of capital, issuer estimate	32% of the Sep 24, 2026 payment	38% of the Dec 29, 2023 payment
Against its benchmark
Measure	DYLG	OVLH
Benchmark	not published	Vanguard S&P 500 ETF, measured through VOO
Cost and size
Measure	DYLG	OVLH
Expense ratio	0.35%	0.80%
Net assets, DYLG as of Oct 12, 2026 and OVLH as of Aug 31, 2026	$4.8m	$109m
Holdings
Measure	DYLG	OVLH
Holdings in common	0%

Method

What they share

By the books each fund has filed, DYLG and OVLH 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 OVLH

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 OVLH

Vanguard S&P 500 ETF 97.79%

Check overlap with more funds →

Side by side

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

Issuer Global X Overlay Shares

Strategy covered call put-selling overlay, hedged

Benchmark none Vanguard S&P 500 ETF (VOO)

Pays monthly annual

Payout rate, annualized 4.0% 0.3%

Expense ratio 0.35% 0.80%

Cash paid, 1 year 9.2% 0.3%

Price change, 1 year +4.7% +6.7%

Total return, 1 year +14.8% +7.0%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available −7.8 pts

Return of capital, latest estimate 32% 38%

Age 3.3 years 5.8 years

Net assets, DYLG as of Oct 12, 2026 and OVLH as of Aug 31, 2026 $4.8m $109m

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 OVLH: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	DYLG	OVLH	DYLG	OVLH	DYLG	OVLH
3 months	−0.1%	−1.4%	0.8%	0.0%	not measured	−1.3 pts
6 months	+8.2%	+1.6%	1.8%	0.0%	not measured	−3.5 pts
1 year	+14.8%	+7.0%	9.2%	0.3%	not measured	−7.8 pts
3 years	+53.4%	+58.6%	31.6%	1.7%	not measured	−24.8 pts
Since launchNot the same days: DYLG Jul 2023 · OVLH Jan 2021	+49.0%	+73.9%	31.3%	3.2%	not measured	−47.2 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.

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

Which paid more, DYLG or OVLH?: Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting price in cash and OVLH paid 0.3%, 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 OVLH?: With every distribution reinvested, DYLG returned +14.8% and OVLH +7.0% over the year to Nov 4, 2026.
Which is cheaper, DYLG or OVLH?: DYLG charges 0.35% a year and OVLH charges 0.80%, so DYLG is cheaper. Fees come from each fund's prospectus.

Other comparisons

DYLG vs OVL DYLG vs XPAY DYLG vs XIJN DYLG vs SDTY OVLH vs ODTE OVLH vs TPAY OVLH vs XIDE OVLH vs SIOO

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 →OVLH on its own →DYLG dividend history →DYLG holdings →OVLH dividend history →OVLH 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 ↗

OVLH filings on SEC EDGAR ↗

OVLH prospectus with the expense ratio (SEC) ↗

OVLH 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 OVLH, data as of Nov 4, 2026. https://etfiq.com/compare/income/dylg-vs-ovlh

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