Data as of Nov 4, 2026.
GIAX vs OVF: Dividend Yield & Total Return
Over the year to Nov 4, 2026, GIAX paid 22.8% of its price in cash against OVF’s 12.9%, though OVF returned more with it reinvested.
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Net assets: $102m on Jul 31, 2026 for Nicholas Global Equity and Income ETF, and $61m on Aug 31, 2026 for Overlay Shares Foreign Equity ETF.
7.9 pts behind SPY
GIAX over 1 year: paid 22.8%, price −16.1%, total +6.9%, SPY +14.8%, −7.9 pts. Data to Nov 4, 2026.
SPY
+14.8%
GIAX
+6.9%
22.8% of it arrived as cash
7.9 pts behind SPY
Total return, distributions reinvested
7.9 pts behind SPY
GIAX over 1 year: paid 22.8%, price −16.1%, total +6.9%, SPY +14.8%, −7.9 pts. Data to Nov 4, 2026.
SPY
+14.8%
GIAX
+6.9%
7.9 pts behind SPY
22.8% of it arrived as cash. Total return, distributions reinvested. GIAX over 1 year: paid 22.8%, price −16.1%, total +6.9%, SPY +14.8%, −7.9 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.1.3 pts ahead of ACWX
OVF over 1 year: paid 12.9%, price +4.6%, total +18.2%, ACWX +16.9%, +1.3 pts. Data to Nov 4, 2026.
ACWX
+16.9%
OVF
+18.2%
12.9% of it arrived as cash
1.3 pts ahead of ACWX
Total return, distributions reinvested
1.3 pts ahead of ACWX
OVF over 1 year: paid 12.9%, price +4.6%, total +18.2%, ACWX +16.9%, +1.3 pts. Data to Nov 4, 2026.
ACWX
+16.9%
OVF
+18.2%
12.9% as cash
1.3 pts ahead of ACWX
12.9% of it arrived as cash. Both charts share one scale, with zero at the line. OVF over 1 year: paid 12.9%, price +4.6%, total +18.2%, ACWX +16.9%, +1.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
OVF costs 0.20 points a year less; their one-year returns differ by 11.3 points.
Points (pts) are percentage points.
| Measure | GIAX | OVF |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +6.9% | +18.2% |
| Price change, 1 year | fell 16.1% | rose 4.6% |
| Return of capital, issuer estimate | 0% of the Oct 5, 2026 payment | 100% of the Oct 29, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | iShares MSCI ACWI ex U.S. ETF, measured through ACWX |
| Cost and size | ||
| Expense ratio | 1.03% | 0.83% |
| Net assets, GIAX as of Jul 31, 2026 and OVF as of Aug 31, 2026 | $102m | $61m |
| Holdings | ||
| Holdings in common | 0% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
What they share
By the books each fund has filed, GIAX and OVF hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | GIAX | OVF | GIAX | OVF | GIAX | OVF |
| 3 months | −4.5% | −3.1% | 6.0% | 2.5% | −4.3 pts | −0.2 pts |
| 6 months | −5.1% | −1.0% | 11.5% | 5.1% | −10.1 pts | −0.3 pts |
| 1 year | +6.9% | +18.2% | 22.8% | 12.9% | −7.9 pts | +1.2 pts |
| 3 years | – | +76.6% | – | 29.1% | – | +6.0 pts |
| Since launchNot the same days: GIAX Jul 2024 · OVF Oct 2019 | +24.4% | +80.6% | 47.5% | 41.9% | −20.8 pts | −17.2 pts |
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GIAX
Over the year to Nov 4, 2026, GIAX paid 22.8% of its starting value in cash distributions while its price fell 16.1%. With every distribution reinvested, the fund returned +6.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 7.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 25.1%, paid weekly. Nicholas estimates that 0% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
OVF
Over the year to Nov 4, 2026, OVF paid 12.9% of its starting value in cash distributions while its price rose 4.6%. With every distribution reinvested, the fund returned +18.2%. iShares MSCI ACWI ex U.S. ETF (ACWX) returned +16.9% over the same days, so a holder was ahead by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.4%, 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
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, GIAX against OVF, data as of Nov 4, 2026. https://etfiq.com/compare/income/giax-vs-ovf
ETFIQ. (Nov 4, 2026). GIAX against OVF. Retrieved from https://etfiq.com/compare/income/giax-vs-ovf
[GIAX against OVF (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/giax-vs-ovf)
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