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Data as of .

FTHI vs OVLH: which paid, and which earned it?

Over the year FTHI paid 8.9% of its price in cash against OVLH’s 0.3%, and returned more with it reinvested.

First Trust BuyWrite Income ETF and Overlay Shares Hedged Large Cap Equity ETF.

8.9%FTHI cash paid, 1 year
0.3%OVLH cash paid, 1 year
+9.7%FTHI total return, 1 year
+9.1%OVLH total return, 1 year

ETFIQ Return Stability Score: OVLH scores higher

Was the payout funded by returns, or by your own capital?

FTHI 50.8OVLH 61.53.8, the lowest in this set96.8, the highest

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

FTHI6.9 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%FTHI+9.7%8.9% of it arrived as cash6.9 pts behind SPYTotal return, distributions reinvestedSPY+16.6%FTHI+9.7%8.9% cash6.9 pts behind SPY
OVLH7.5 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%OVLH+9.1%7.5 pts behind SPYTotal return, distributions reinvestedSPY+16.6%OVLH+9.1%7.5 pts behind SPY

What they hold in common

By the books each fund has filed, FTHI and OVLH hold 0% of their money in the same securities at the same weight.

Only in each
Only in FTHIOnly in OVLH
Apple Inc. 7.75%Vanguard S&P 500 ETF 100.00%
NVIDIA Corporation 6.90%
US Dollar 5.90%
Microsoft Corporation 2.94%
JPMorgan Chase & Co. 2.67%
Amazon.com, Inc. 2.53%
Dell Technologies Inc. (Class C) 2.52%
Alphabet Inc. (Class A) 2.41%

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

FTHI and OVLH over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
FTHIOVLHFTHIOVLHFTHIOVLH
3 months+1.7%+0.5%2.2%0.0%−0.6 pts−1.7 pts
6 months+9.8%+11.0%4.6%0.0%−8.2 pts−7.0 pts
1 year+9.7%+9.1%8.9%0.3%−6.9 pts−7.5 pts
3 years+47.9%+54.7%28.9%1.7%−30.5 pts−23.7 pts
Since launch+156.3%+73.7%82.6%3.1%−257.8 pts−45.2 pts
Open the live comparison on ETFIQ
FTHI and OVLH on the same fields, as of Sep 18, 2026. Source: ETFIQ.
FTHI
First Trust BuyWrite Income ETF
Covered call on SPY, paying monthly
OVLH
Overlay Shares Hedged Large Cap Equity ETF
Put-selling overlay, hedged on SPY, paying annual
IssuerFirst TrustOverlay Shares
Strategycovered callput-selling overlay, hedged
BenchmarkS&P 500 (SPY), used as a default proxyS&P 500 (SPY)
Paysmonthlyannual
Payout rate, annualized9.0%0.3%
Expense ratio0.75%not published
Cash paid, 1 year8.9%0.3%
Price change, 1 year+0.3%+8.8%
Total return, 1 year+9.7%+9.1%
Benchmark return, 1 year+16.6%+16.6%
Ahead or behind−6.9 pts−7.5 pts
Return of capital, latest estimatenot publishednot published
Age4637 days2072 days
Net assets$2.5bn$116m

FTHI in plain words

Over the year to Sep 18, 2026, FTHI paid 8.9% of its starting value in cash distributions while its price rose 0.3%. With every distribution reinvested, the fund returned +9.7%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 6.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.0%, paid monthly.

OVLH in plain words

Over the year to Sep 18, 2026, OVLH paid 0.3% of its starting value in cash distributions while its price rose 8.8%. With every distribution reinvested, the fund returned +9.1%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 7.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 0.3%, paid annual.

Questions people ask

Which paid more, FTHI or OVLH?
Over the year to Sep 18, 2026, FTHI paid 8.9% of its starting price in cash and OVLH paid 0.3%, so FTHI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, FTHI or OVLH?
With every distribution reinvested, FTHI returned +9.7% and OVLH returned +9.1% over the year to Sep 18, 2026, so FTHI 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.

FTHI against OVLH, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, FTHI against OVLH, data as of Sep 18, 2026. https://etfiq.com/compare/income/fthi-vs-ovlh Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources