Data as of .
KYLD vs OVL: which paid, and which earned it?
KYLD and OVL both write options for income.
What they hold in common
By the books each fund has filed, KYLD and OVL hold 0% of their money in the same securities at the same weight.
| Only in KYLD | Only in OVL |
|---|---|
| TREASURY BILL 12.96% | Vanguard S&P 500 ETF 100.00% |
| TREASURY BILL 11.01% | |
| Global X Silver Miners ETF 7.09% | |
| VanEck Gold Miners ETF/USA 6.38% | |
| Advanced Micro Devices Inc 6.21% | |
| Intel Corp 6.19% | |
| Howmet Aerospace Inc 5.97% | |
| Teradyne Inc 5.77% |
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.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| KYLD | OVL | KYLD | OVL | KYLD | OVL | |
| 3 months | −6.3% | +2.3% | 5.6% | 2.6% | −8.5 pts | 0.0 pts |
| 6 months | +24.4% | +18.8% | 14.1% | 5.7% | +6.4 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 | +2.0% | +203.4% | 20.9% | 47.2% | −10.9 pts | +16.1 pts |
| KYLD Kurv High Income ETF Option income on SPY, paying weekly | OVL Overlay Shares Large Cap Equity ETF Put-selling overlay on SPY, paying monthly | |
|---|---|---|
| Issuer | Kurv | Overlay Shares |
| Strategy | option income | put-selling overlay |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 25.6% | 10.4% |
| Expense ratio | 1.00% | not published |
| Cash paid, 1 year | 20.9% (since launch on Oct 31, 2025) | 8.9% |
| Price change, 1 year | −20.5% | +9.4% |
| Total return, 1 year | +2.0% (since launch on Oct 31, 2025) | +19.2% |
| Benchmark return, 1 year | +12.9% | +16.6% |
| Ahead or behind | −10.9 pts | +2.6 pts |
| Return of capital, latest estimate | 100% | not published |
| Age | 322 days | 2544 days |
| Net assets | $49m | $276m |
KYLD in plain words
Over the period since launch on Oct 31, 2025 to Sep 18, 2026, KYLD paid 20.9% of its starting value in cash distributions while its price fell 20.5%. With every distribution reinvested, the fund returned +2.0%. S&P 500 (SPY), used as a default proxy returned +12.9% over the same days, so a holder was behind by 10.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 25.6%, paid weekly. Kurv estimates that 100% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
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, KYLD against OVL, data as of Sep 18, 2026. https://etfiq.com/compare/income/kyld-vs-ovl Free to use with attribution; the underlying files are at Open data.