Data as of .
KLIP vs OVF: which paid, and which earned it?
Over the year KLIP paid 19.5% of its price in cash against OVF’s 11.5%, though OVF returned more with it reinvested.
ETFIQ Return Stability Score: OVF scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, KLIP and OVF hold 0% of their money in the same securities at the same weight.
| Only in KLIP | Only in OVF |
|---|---|
| KraneShares CSI China Internet ETF 99.43% | iShares Core MSCI EAFE ETF 74.87% |
| Cash 2.18% | iShares Core MSCI Emerging Mar 25.13% |
| 2KWEB US 09/25/26 C26.66 -0.03% | |
| 2KWEB US 10/02/26 C26.32 -0.15% | |
| 2KWEB US 10/09/26 C26.05 -0.19% | |
| 2KWEB US 10/23/26 C24.83 -0.54% | |
| 2KWEB US 10/16/26 C24.6 -0.70% |
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 May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| KLIP | OVF | KLIP | OVF | KLIP | OVF | |
| 3 months | +0.2% | −0.6% | 6.0% | 2.5% | +1.8 pts | −1.1 pts |
| 6 months | −1.7% | +16.0% | 11.5% | 5.7% | +10.3 pts | +2.1 pts |
| 1 year | −14.7% | +20.8% | 19.5% | 11.5% | +22.5 pts | +4.5 pts |
| 3 years | +13.7% | +74.3% | 69.6% | 26.1% | +13.0 pts | +12.3 pts |
| Since launch | +18.1% | +84.2% | 80.0% | 39.8% | +37.6 pts | −15.8 pts |
| KLIP KraneShares KWEB Covered Call Strategy ETF Covered call on KWEB, paying monthly | OVF Overlay Shares Foreign Equity ETF Put-selling overlay on EFA, paying monthly | |
|---|---|---|
| Issuer | KraneShares | Overlay Shares |
| Strategy | covered call | put-selling overlay |
| Benchmark | China internet (KWEB) | developed markets outside the US (EFA) |
| Pays | monthly | monthly |
| Payout rate, annualized | 25.2% | 10.4% |
| Expense ratio | 0.94% | not published |
| Cash paid, 1 year | 19.5% | 11.5% |
| Price change, 1 year | −32.5% | +8.3% |
| Total return, 1 year | −14.7% | +20.8% |
| Benchmark return, 1 year | −37.3% | +16.3% |
| Ahead or behind | +22.5 pts | +4.5 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1345 days | 2544 days |
| Net assets | $94m | $41m |
KLIP in plain words
Over the year to Sep 18, 2026, KLIP paid 19.5% of its starting value in cash distributions while its price fell 32.5%. With every distribution reinvested, the fund returned −14.7%. China internet (KWEB) returned −37.3% over the same days, so a holder was ahead by 22.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 25.2%, paid monthly.
OVF in plain words
Over the year to Sep 18, 2026, OVF paid 11.5% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +20.8%. developed markets outside the US (EFA) returned +16.3% over the same days, so a holder was ahead by 4.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 10.4%, paid monthly.
Questions people ask
- Which paid more, KLIP or OVF?
- Over the year to Sep 18, 2026, KLIP paid 19.5% of its starting price in cash and OVF paid 11.5%, so KLIP paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, KLIP or OVF?
- With every distribution reinvested, KLIP returned −14.7% and OVF returned +20.8% over the year to Sep 18, 2026, so OVF returned more.
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, KLIP against OVF, data as of Sep 18, 2026. https://etfiq.com/compare/income/klip-vs-ovf Free to use with attribution; the underlying files are at Open data.