Data as of Nov 12, 2026.
MPIM vs OVLH: Dividend Yield & Total Return
Return, fees and overlap, side by side.
Pair scorecard
MPIM costs 0.10 points a year less.
Points (pts) are percentage points.
| Measure | MPIM | OVLH |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +5.4% |
| Price change | fell 12.8% (since Aug 12, 2026) | rose 5.1% (1 year) |
| Return of capital, issuer estimate | 38% of the Dec 29, 2023 payment | |
| Against its benchmark | ||
| Benchmark | not published | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.70% | 0.80% |
| Net assets | not read by ETFIQ | $109m |
| 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, 2026.6.7 pts behind VOO
OVLH over 1 year: paid 0.3%, price +5.1%, total +5.4%, VOO +12.1%, −6.7 pts. Data to Nov 12, 2026.
VOO
+12.1%
OVLH
+5.4%
6.7 pts behind VOO
Total return, distributions reinvested
6.7 pts behind VOO
OVLH over 1 year: paid 0.3%, price +5.1%, total +5.4%, VOO +12.1%, −6.7 pts. Data to Nov 12, 2026.
VOO
+12.1%
OVLH
+5.4%
6.7 pts behind VOO
0.3% of it arrived as cash. Both charts share one scale, with zero at the line. OVLH over 1 year: paid 0.3%, price +5.1%, total +5.4%, VOO +12.1%, −6.7 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 | OVLH | MPIM | OVLH | MPIM | OVLH |
| 3 months | −10.6% | −3.0% | 3.0% | 0.0% | not measured | −0.6 pts |
| 6 months | – | −0.8% | – | 0.0% | – | −2.5 pts |
| 1 year | – | +5.4% | – | 0.3% | – | −6.6 pts |
| 3 years | – | +55.6% | – | 1.7% | – | −23.2 pts |
| Since launchNot the same days: MPIM Aug 2026 · OVLH Jan 2021 | −10.0% | +72.3% | 3.0% | 3.2% | not measured | −46.0 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.
OVLH
Over the year to Nov 12, 2026, OVLH paid 0.3% of its starting value in cash distributions while its price rose 5.1%. With every distribution reinvested, the fund returned +5.4%. Vanguard S&P 500 ETF (VOO) returned +12.1% over the same days, so a holder was behind by 6.7 pts. At its price on Nov 12, 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
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, MPIM against OVLH, data as of Nov 12, 2026. https://etfiq.com/compare/income/mpim-vs-ovlh
ETFIQ. (Nov 12, 2026). MPIM against OVLH. Retrieved from https://etfiq.com/compare/income/mpim-vs-ovlh
[MPIM against OVLH (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/income/mpim-vs-ovlh)
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MPIM and OVLH both write options for income.
MPIM and OVLH
Total return, distributions reinvested, 3 months.
MPIM −10.6%, OVLH −3.0%: OVLH +7.6 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.