Data as of Nov 12, 2026.
MPIM vs OVL: Dividend Yield & Total Return
Return, fees and overlap, side by side.
Pair scorecard
MPIM costs 0.09 points a year less.
Points (pts) are percentage points.
| Measure | MPIM | OVL |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +13.7% |
| Price change | fell 12.8% (since Aug 12, 2026) | rose 3.4% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.70% | 0.79% |
| Net assets | not read by ETFIQ | $427m |
| Holdings | ||
| Holdings in common | not published | |
Not measured
MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
MPIM
−10.0%
Total return, distributions reinvested
Not measured
MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
MPIM
−10.0%
3.0% of it arrived as cash. Total return, distributions reinvested. MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
Data to Nov 12, 2026.1.6 pts ahead of VOO
OVL over 1 year: paid 9.8%, price +3.4%, total +13.7%, VOO +12.1%, +1.6 pts. Data to Nov 12, 2026.
VOO
+12.1%
OVL
+13.7%
9.8% of it arrived as cash
1.6 pts ahead of VOO
Total return, distributions reinvested
1.6 pts ahead of VOO
OVL over 1 year: paid 9.8%, price +3.4%, total +13.7%, VOO +12.1%, +1.6 pts. Data to Nov 12, 2026.
VOO
+12.1%
OVL
+13.7%
1.6 pts ahead of VOO
9.8% of it arrived as cash. Both charts share one scale, with zero at the line. OVL over 1 year: paid 9.8%, price +3.4%, total +13.7%, VOO +12.1%, +1.6 pts. Data to Nov 12, 2026.
Data to Nov 12, 2026.Side by side
As of Nov 12, 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 | MPIM | OVL | MPIM | OVL | MPIM | OVL |
| 3 months | −10.6% | −3.2% | 3.0% | 2.5% | not measured | −0.8 pts |
| 6 months | – | +0.9% | – | 5.1% | – | −0.9 pts |
| 1 year | – | +13.7% | – | 9.8% | – | +1.6 pts |
| 3 years | – | +87.4% | – | 23.6% | – | +8.6 pts |
| Since launchNot the same days: MPIM Aug 2026 · OVL Oct 2019 | −10.0% | +199.8% | 3.0% | 51.2% | not measured | +13.4 pts |
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MPIM
Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPIM paid 3.0% of its starting value in cash distributions while its price fell 12.8%. With every distribution reinvested, the fund returned −10.0%. At its price on Nov 12, 2026 the latest distribution annualizes to 17.0%, paid periodically.
OVL
Over the year to Nov 12, 2026, OVL paid 9.8% of its starting value in cash distributions while its price rose 3.4%. With every distribution reinvested, the fund returned +13.7%. Vanguard S&P 500 ETF (VOO) returned +12.1% over the same days, so a holder was ahead by 1.6 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 10.7%, paid monthly. Overlay Shares estimates that 100% 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.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, MPIM against OVL, data as of Nov 12, 2026. https://etfiq.com/compare/income/mpim-vs-ovl
ETFIQ. (Nov 12, 2026). MPIM against OVL. Retrieved from https://etfiq.com/compare/income/mpim-vs-ovl
[MPIM against OVL (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/income/mpim-vs-ovl)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.
MPIM and OVL both write options for income.
MPIM and OVL
Total return, distributions reinvested, 3 months.
MPIM −10.6%, OVL −3.2%: OVL +7.4 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.