Data as of Nov 4, 2026.
GRNI vs OVL: Dividend Yield & Total Return
GRNI and OVL both write options for income.
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Net assets: $55m on Jul 31, 2026 for Fundstrat Granny Shots US Large Cap & Income ETF, and $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF.
Not measured
GRNI since launch: paid 9.5%, price −0.6%, total +9.0%, not measured against a benchmark. Data to Nov 4, 2026.
GRNI
+9.0%
9.5% of it arrived as cash
Total return, distributions reinvested
Not measured
GRNI since launch: paid 9.5%, price −0.6%, total +9.0%, not measured against a benchmark. Data to Nov 4, 2026.
GRNI
+9.0%
9.5% cash
9.5% of it arrived as cash. Total return, distributions reinvested. GRNI since launch: paid 9.5%, price −0.6%, total +9.0%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.2.4 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, with zero at the line. OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
OVL costs 0.20 points a year less.
Points (pts) are percentage points.
| Measure | GRNI | OVL |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +17.2% |
| Price change | fell 6.4% (6 months) | rose 6.6% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | |
| Against its benchmark | ||
| Benchmark | its own stocks | Vanguard S&P 500 ETF, measured through VOO |
| Against its benchmark, same days | behind by 0.8 pts | ahead by 2.4 pts |
| Cost and size | ||
| Expense ratio | 0.99% | 0.79% |
| Net assets, GRNI as of Jul 31, 2026 and OVL as of Aug 31, 2026 | $55m | $427m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, GRNI and OVL 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 | GRNI | OVL | GRNI | OVL | GRNI | OVL |
| 3 months | −3.9% | −0.5% | 2.5% | 2.6% | −0.6 pts | −0.4 pts |
| 6 months | −1.6% | +4.4% | 5.0% | 5.2% | −0.8 pts | −0.6 pts |
| 1 year | – | +17.2% | – | 9.9% | – | +2.4 pts |
| 3 years | – | +92.6% | – | 23.9% | – | +9.3 pts |
| Since launchNot the same days: GRNI Nov 2025 · OVL Oct 2019 | +9.0% | +204.4% | 9.5% | 51.2% | not measured | +14.4 pts |
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GRNI's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned −0.8% over the same days, so a holder was behind by 0.8 pts.
Over the 6 months to Nov 4, 2026, GRNI paid 5.0% of its starting value in cash distributions while its price fell 6.4%. With every distribution reinvested, the fund returned −1.6%. At its price on Nov 4, 2026 the latest distribution annualizes to 10.5%, paid monthly.
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). That is a tax label, not a measure of erosion.
Questions people ask
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, GRNI against OVL, data as of Nov 4, 2026. https://etfiq.com/compare/income/grni-vs-ovl
ETFIQ. (Nov 4, 2026). GRNI against OVL. Retrieved from https://etfiq.com/compare/income/grni-vs-ovl
[GRNI against OVL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/grni-vs-ovl)
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