Data as of Nov 4, 2026.
JOYT vs OVLH: Dividend Yield & Total Return
Over the year to Nov 4, 2026, JOYT paid 0.9% of its price in cash against OVLH’s 0.3%, and returned more with it reinvested.
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Net assets: $117m on Nov 3, 2026 for JPMorgan Equity and Options Total Return ETF, and $109m on Aug 31, 2026 for Overlay Shares Hedged Large Cap Equity ETF.
About even with SPY
JOYT over 1 year: paid 0.9%, price +13.7%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.
SPY
+14.8%
JOYT
+14.6%
about even with SPY
Total return, distributions reinvested
About even with SPY
JOYT over 1 year: paid 0.9%, price +13.7%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.
SPY
+14.8%
JOYT
+14.6%
about even with SPY
0.9% of it arrived as cash. Total return, distributions reinvested. JOYT over 1 year: paid 0.9%, price +13.7%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.7.8 pts behind VOO
OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
OVLH
+7.0%
7.8 pts behind VOO
Total return, distributions reinvested
7.8 pts behind VOO
OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
OVLH
+7.0%
7.8 pts behind VOO
0.3% of it arrived as cash. Both charts share one scale, 0 to +14.8%. OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.Pair scorecard
JOYT costs 0.45 points a year less; their one-year returns differ by 7.6 points.
Points (pts) are percentage points.
| Measure | JOYT | OVLH |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +14.6% | +7.0% |
| Price change, 1 year | rose 13.7% | rose 6.7% |
| Return of capital, issuer estimate | 38% of the Dec 29, 2023 payment | |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.35% | 0.80% |
| Net assets, JOYT as of Nov 3, 2026 and OVLH as of Aug 31, 2026 | $117m | $109m |
| 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 →
Risk and return
Aug 29, 2025 to Oct 30, 2026 · 61 weekly returnsEach against its own benchmark: JOYT against SPY, Aug 29, 2025 to Oct 30, 2026; OVLH against VOO, Jan 22, 2021 to Oct 30, 2026.
From Aug 2025 to Oct 2026, JOYT returned more: +19.0% to +10.6%. JOYT swung slightly less: 8.0% to 8.5%. OVLH fell less at its worst: −5.9% to −6.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | JOYT | OVLH | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +19.0% | +10.6% | JOYT | Price change plus distributions, reinvested. |
| Annualized | +16.0% | +9.0% | JOYT | Total return as a yearly rate. |
| Price return | +18.0% | +10.3% | JOYT | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 8.0% | 8.5% | JOYT (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.9% | 5.2% | JOYT (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −6.6% | −5.9% | OVLH | Deepest fall from a high to the low after it. |
| Upside capture | 67.4% | 61.5% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 66.6% | 79.7% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.62 | 0.67 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.82 | 0.93 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.42 | 0.61 | JOYT | Return above Treasury bills per unit of volatility. |
| Sortino | 2.31 | 1.00 | JOYT | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.184 | 0.094 | Return above Treasury bills per unit of beta. | |
| Calmar | 2.43 | 1.53 | JOYT | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | VOO | The ETF each fund is measured against. | |
| Alpha | +4.2% a year | −1.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.35 | −0.85 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.1% to +10.6% | −3.5% to +1.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.03 | −0.78 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.6% | 6.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 61 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, JOYT and OVLH hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 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 | JOYT | OVLH | JOYT | OVLH | JOYT | OVLH |
| 3 months | +2.0% | −1.4% | 0.2% | 0.0% | +2.2 pts | −1.3 pts |
| 6 months | +7.8% | +1.6% | 0.4% | 0.0% | +2.8 pts | −3.5 pts |
| 1 year | +14.6% | +7.0% | 0.9% | 0.3% | −0.1 pts | −7.8 pts |
| 3 years | – | +58.6% | – | 1.7% | – | −24.8 pts |
| Since launchNot the same days: JOYT Aug 2025 · OVLH Jan 2021 | +21.6% | +73.9% | 0.9% | 3.2% | +0.1 pts | −47.2 pts |
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JOYT
Over the year to Nov 4, 2026, JOYT paid 0.9% of its starting value in cash distributions while its price rose 13.7%. With every distribution reinvested, the fund returned +14.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 0.7%, paid quarterly.
OVLH
Over the year to Nov 4, 2026, OVLH paid 0.3% of its starting value in cash distributions while its price rose 6.7%. With every distribution reinvested, the fund returned +7.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 7.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 0.3%, paid annually. Overlay Shares estimates that 38% of the distribution paid Dec 29, 2023 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
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, JOYT against OVLH, data as of Nov 4, 2026. https://etfiq.com/compare/income/joyt-vs-ovlh
ETFIQ. (Nov 4, 2026). JOYT against OVLH. Retrieved from https://etfiq.com/compare/income/joyt-vs-ovlh
[JOYT against OVLH (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/joyt-vs-ovlh)
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