Data as of Nov 4, 2026.
HEMI vs OVL: Dividend Yield & Total Return
HEMI and OVL both write options for income.
askIQ about this page
askIQ about HEMI and OVL
Net assets: $35m on Jul 31, 2026 for Hartford Equity Premium Income ETF, and $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF.
Not measured
HEMI since launch: paid 7.6%, price +4.6%, total +12.6%, not measured against a benchmark. Data to Nov 4, 2026.
HEMI
+12.6%
7.6% of it arrived as cash
Total return, distributions reinvested
Not measured
HEMI since launch: paid 7.6%, price +4.6%, total +12.6%, not measured against a benchmark. Data to Nov 4, 2026.
HEMI
+12.6%
7.6% of it arrived as cash. Total return, distributions reinvested. HEMI since launch: paid 7.6%, price +4.6%, total +12.6%, 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, 0 to +17.2%. OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +17.2%. Data to Nov 4, 2026.Pair scorecard
HEMI costs 0.30 points a year less.
Points (pts) are percentage points.
| Measure | HEMI | OVL |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +17.2% |
| Price change | fell 0.4% (6 months) | rose 6.6% (1 year) |
| Return of capital, issuer estimate | 99% of the Oct 29, 2026 payment | 100% of the Oct 29, 2026 payment |
| Against its benchmark | ||
| Benchmark | its own stocks | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.49% | 0.79% |
| Net assets, HEMI as of Jul 31, 2026 and OVL as of Aug 31, 2026 | $35m | $427m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, HEMI 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 | HEMI | OVL | HEMI | OVL | HEMI | OVL |
| 3 months | +0.3% | −0.5% | 2.2% | 2.6% | 0.0 pts | −0.4 pts |
| 6 months | +4.0% | +4.4% | 4.4% | 5.2% | −0.4 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: HEMI Dec 2025 · OVL Oct 2019 | +12.6% | +204.4% | 7.6% | 51.2% | not measured | +14.4 pts |
– means no data for this window. Open this comparison in the app →
HEMI
Over the 6 months to Nov 4, 2026, HEMI paid 4.4% of its starting value in cash distributions while its price fell 0.4%. With every distribution reinvested, the fund returned +4.0%. HEMI's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned +4.4% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 8.6%, paid monthly. Hartford estimates that 99% 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.
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).
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, HEMI against OVL, data as of Nov 4, 2026. https://etfiq.com/compare/income/hemi-vs-ovl
ETFIQ. (Nov 4, 2026). HEMI against OVL. Retrieved from https://etfiq.com/compare/income/hemi-vs-ovl
[HEMI against OVL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/hemi-vs-ovl)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.