Data as of Nov 4, 2026.
NIHI vs OVF: Dividend Yield & Total Return
Over the year to Nov 4, 2026, OVF paid 12.9% of its price in cash against NIHI’s 10.8%, and returned more with it reinvested.
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Net assets: $215m on Oct 28, 2026 for NEOS MSCI EAFE High Income ETF, and $61m on Aug 31, 2026 for Overlay Shares Foreign Equity ETF.
2.3 pts behind IEFA
NIHI over 1 year: paid 10.8%, price +3.4%, total +14.7%, IEFA +17.0%, −2.3 pts. Data to Nov 4, 2026.
IEFA
+17.0%
NIHI
+14.7%
10.8% of it arrived as cash
2.3 pts behind IEFA
Total return, distributions reinvested
2.3 pts behind IEFA
NIHI over 1 year: paid 10.8%, price +3.4%, total +14.7%, IEFA +17.0%, −2.3 pts. Data to Nov 4, 2026.
IEFA
+17.0%
NIHI
+14.7%
10.8% cash
2.3 pts behind IEFA
10.8% of it arrived as cash. Total return, distributions reinvested. NIHI over 1 year: paid 10.8%, price +3.4%, total +14.7%, IEFA +17.0%, −2.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.1.3 pts ahead of ACWX
OVF over 1 year: paid 12.9%, price +4.6%, total +18.2%, ACWX +16.9%, +1.3 pts. Data to Nov 4, 2026.
ACWX
+16.9%
OVF
+18.2%
12.9% of it arrived as cash
1.3 pts ahead of ACWX
Total return, distributions reinvested
1.3 pts ahead of ACWX
OVF over 1 year: paid 12.9%, price +4.6%, total +18.2%, ACWX +16.9%, +1.3 pts. Data to Nov 4, 2026.
ACWX
+16.9%
OVF
+18.2%
12.9% as cash
1.3 pts ahead of ACWX
12.9% of it arrived as cash. Both charts share one scale, 0 to +18.2%. OVF over 1 year: paid 12.9%, price +4.6%, total +18.2%, ACWX +16.9%, +1.3 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +18.2%. Data to Nov 4, 2026.Pair scorecard
NIHI costs 0.15 points a year less; their one-year returns differ by 3.5 points.
Points (pts) are percentage points.
| Measure | NIHI | OVF |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +14.7% | +18.2% |
| Price change, 1 year | rose 3.4% | rose 4.6% |
| Return of capital, issuer estimate | 100% of the Oct 23, 2026 payment | 100% of the Oct 29, 2026 payment |
| Against its benchmark | ||
| Benchmark | iShares Core MSCI EAFE ETF, measured through IEFA | iShares MSCI ACWI ex U.S. ETF, measured through ACWX |
| Cost and size | ||
| Expense ratio | 0.68% | 0.83% |
| Net assets, NIHI as of Oct 28, 2026 and OVF as of Aug 31, 2026 | $215m | $61m |
| Holdings | ||
| Holdings in common | 75% | |
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
Sep 26, 2025 to Oct 30, 2026 · 57 weekly returnsEach against its own benchmark: NIHI against IEFA, Sep 26, 2025 to Oct 30, 2026; OVF against ACWX, Oct 11, 2019 to Oct 30, 2026.
From Sep 2025 to Oct 2026, OVF returned more: +17.0% to +14.0%. NIHI swung less: 13.1% to 16.3%. NIHI fell slightly less at its worst: −10.7% to −11.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | NIHI | OVF | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +14.0% | +17.0% | OVF | Price change plus distributions, reinvested. |
| Annualized | +12.7% | +15.4% | OVF | Total return as a yearly rate. |
| Price return | +1.9% | +3.1% | OVF | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 13.1% | 16.3% | NIHI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.6% | 11.5% | NIHI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −10.7% | −11.2% | NIHI (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 78.4% | 86.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 86.8% | 94.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.83 | 0.90 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.81 | 0.91 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.69 | 0.73 | OVF (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.94 | 1.03 | OVF (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.109 | 0.072 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.19 | 1.37 | OVF | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IEFA | ACWX | The ETF each fund is measured against. | |
| Alpha | +0.6% a year | −0.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.10 | −0.36 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −10.6% to +11.8% | −4.5% to +3.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.18 | −0.27 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 6.2% | 5.5% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 57 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, NIHI and OVF hold 75% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
75% 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 | NIHI | OVF | NIHI | OVF | NIHI | OVF |
| 3 months | −0.6% | −3.1% | 2.4% | 2.5% | +1.0 pts | −0.2 pts |
| 6 months | +4.0% | −1.0% | 4.9% | 5.1% | +1.8 pts | −0.3 pts |
| 1 year | +14.7% | +18.2% | 10.8% | 12.9% | −2.2 pts | +1.2 pts |
| 3 years | – | +76.6% | – | 29.1% | – | +6.0 pts |
| Since launchNot the same days: NIHI Sep 2025 · OVF Oct 2019 | +15.7% | +80.6% | 12.3% | 41.9% | −1.5 pts | −17.2 pts |
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NIHI
Over the year to Nov 4, 2026, NIHI paid 10.8% of its starting value in cash distributions while its price rose 3.4%. With every distribution reinvested, the fund returned +14.7%. iShares Core MSCI EAFE ETF (IEFA) returned +17.0% over the same days, so a holder was behind by 2.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.1%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
OVF
Over the year to Nov 4, 2026, OVF paid 12.9% of its starting value in cash distributions while its price rose 4.6%. With every distribution reinvested, the fund returned +18.2%. iShares MSCI ACWI ex U.S. ETF (ACWX) returned +16.9% over the same days, so a holder was ahead by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.4%, paid monthly. Overlay Shares estimates that 100% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice).
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, NIHI against OVF, data as of Nov 4, 2026. https://etfiq.com/compare/income/nihi-vs-ovf
ETFIQ. (Nov 4, 2026). NIHI against OVF. Retrieved from https://etfiq.com/compare/income/nihi-vs-ovf
[NIHI against OVF (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/nihi-vs-ovf)
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