Data as of .
HEMI vs OVL: which paid, and which earned it?
HEMI and OVL both write options for income.
What they hold in common
By the books each fund has filed, HEMI and OVL hold 0% of their money in the same securities at the same weight.
| Only in HEMI | Only in OVL |
|---|---|
| NVIDIA Corp 9.11% | Vanguard S&P 500 ETF 100.00% |
| Alphabet Inc 7.69% | |
| Apple Inc 5.86% | |
| Amazon.com Inc 5.73% | |
| Microsoft Corp 5.72% | |
| Broadcom Inc 4.02% | |
| Meta Platforms Inc 2.66% | |
| JPMorgan Chase & Co 2.42% |
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 Apr 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| HEMI | OVL | HEMI | OVL | HEMI | OVL | |
| 3 months | +0.8% | +2.3% | 2.2% | 2.6% | −1.5 pts | 0.0 pts |
| 6 months | +13.6% | +18.8% | 4.9% | 5.7% | −4.5 pts | +0.7 pts |
| 1 year | not published | +19.2% | not published | 8.9% | not published | +2.6 pts |
| 3 years | not published | +86.2% | not published | 21.1% | not published | +7.8 pts |
| Since launch | +11.2% | +203.4% | 6.0% | 47.2% | −3.4 pts | +16.1 pts |
| HEMI Hartford Equity Premium Income ETF Covered call on SPY, paying monthly | OVL Overlay Shares Large Cap Equity ETF Put-selling overlay on SPY, paying monthly | |
|---|---|---|
| Issuer | Hartford | Overlay Shares |
| Strategy | covered call | put-selling overlay |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 9.1% | 10.4% |
| Expense ratio | 0.49% | not published |
| Cash paid, 1 year | 6.0% (since launch on Dec 17, 2025) | 8.9% |
| Price change, 1 year | +4.9% | +9.4% |
| Total return, 1 year | +11.2% (since launch on Dec 17, 2025) | +19.2% |
| Benchmark return, 1 year | +14.7% | +16.6% |
| Ahead or behind | −3.4 pts | +2.6 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 275 days | 2544 days |
| Net assets | $33m | $276m |
HEMI in plain words
Over the period since launch on Dec 17, 2025 to Sep 18, 2026, HEMI paid 6.0% of its starting value in cash distributions while its price rose 4.9%. With every distribution reinvested, the fund returned +11.2%. S&P 500 (SPY) returned +14.7% over the same days, so a holder was behind by 3.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.1%, 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.
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, HEMI against OVL, data as of Sep 18, 2026. https://etfiq.com/compare/income/hemi-vs-ovl Free to use with attribution; the underlying files are at Open data.