Data as of .
FGSI vs OVL: which paid, and which earned it?
Over the year OVL paid 8.9% of its price in cash against FGSI’s 8.1%, and 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, FGSI and OVL hold 0% of their money in the same securities at the same weight.
| Only in FGSI | Only in OVL |
|---|---|
| Newmont Corporation 2.70% | Vanguard S&P 500 ETF 100.00% |
| Palantir Technologies Inc. (Class A) 2.63% | |
| Marvell Technology, Inc. 2.53% | |
| Microsoft Corporation 2.45% | |
| Arista Networks, Inc. 2.32% | |
| DexCom, Inc. 2.28% | |
| Intuitive Surgical, Inc. 2.22% | |
| Target Corporation 2.22% |
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 | |||
|---|---|---|---|---|---|---|
| FGSI | OVL | FGSI | OVL | FGSI | OVL | |
| 3 months | +2.4% | +2.3% | 2.1% | 2.6% | +0.2 pts | 0.0 pts |
| 6 months | +10.0% | +18.8% | 4.4% | 5.7% | −8.0 pts | +0.7 pts |
| 1 year | +5.3% | +19.2% | 8.1% | 8.9% | −11.3 pts | +2.6 pts |
| 3 years | not published | +86.2% | not published | 21.1% | not published | +7.8 pts |
| Since launch | +11.9% | +203.4% | 9.8% | 47.2% | −14.3 pts | +16.1 pts |
| FGSI FT Vest Growth Strength & Target Income ETF Option income on SPY, paying monthly | OVL Overlay Shares Large Cap Equity ETF Put-selling overlay on SPY, paying monthly | |
|---|---|---|
| Issuer | First Trust | Overlay Shares |
| Strategy | option income | put-selling overlay |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.6% | 10.4% |
| Expense ratio | 0.85% | not published |
| Cash paid, 1 year | 8.1% | 8.9% |
| Price change, 1 year | −3.2% | +9.4% |
| Total return, 1 year | +5.3% | +19.2% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −11.3 pts | +2.6 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 449 days | 2544 days |
| Net assets | $2m | $276m |
FGSI in plain words
Over the year to Sep 18, 2026, FGSI paid 8.1% of its starting value in cash distributions while its price fell 3.2%. With every distribution reinvested, the fund returned +5.3%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 11.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.6%, paid monthly.
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, FGSI or OVL?
- Over the year to Sep 18, 2026, FGSI paid 8.1% of its starting price in cash and OVL paid 8.9%, 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, FGSI or OVL?
- With every distribution reinvested, FGSI returned +5.3% 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, FGSI against OVL, data as of Sep 18, 2026. https://etfiq.com/compare/income/fgsi-vs-ovl Free to use with attribution; the underlying files are at Open data.