Data as of Nov 12, 2026.
NLSI vs OVQ: Dividend Yield & Total Return
Return, fees and overlap, side by side.
Pair scorecard
OVQ costs 1.92 points a year less.
Points (pts) are percentage points.
| Measure | NLSI | OVQ |
|---|---|---|
| Paid and earned | ||
| Price change | rose 13.5% (since Dec 10, 2025) | fell 2.9% (since Oct 23, 2026) |
| Return of capital, issuer estimate | 100% of the Oct 30, 2026 payment | |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | not published |
| Cost and size | ||
| Expense ratio | 2.89% | 0.97% |
| Net assets | $5.2m | not read by ETFIQ |
| Holdings | ||
| Holdings in common | not published | |
7.9 pts ahead of SPY
NLSI since launch: paid 5.0%, price +13.5%, total +19.2%, SPY +11.3%, +7.9 pts. Data to Nov 12, 2026.
SPY
+11.3%
NLSI
+19.2%
5.0% as cash
7.9 pts ahead of SPY
Total return, distributions reinvested
7.9 pts ahead of SPY
NLSI since launch: paid 5.0%, price +13.5%, total +19.2%, SPY +11.3%, +7.9 pts. Data to Nov 12, 2026.
SPY
+11.3%
NLSI
+19.2%
7.9 pts ahead of SPY
5.0% of it arrived as cash. Total return, distributions reinvested. NLSI since launch: paid 5.0%, price +13.5%, total +19.2%, SPY +11.3%, +7.9 pts. Data to Nov 12, 2026.
Data to Nov 12, 2026.Not measured
OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. Data to Nov 12, 2026.
OVQ
−2.9%
Total return, distributions reinvested
Not measured
OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. Data to Nov 12, 2026.
OVQ
−2.9%
0.0% of it arrived as cash. Both charts share one scale, with zero at the line. OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. 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 | NLSI | OVQ | NLSI | OVQ | NLSI | OVQ |
| 3 months | +2.0% | – | 1.3% | – | +4.5 pts | – |
| 6 months | +19.3% | – | 2.9% | – | +17.6 pts | – |
| Since launchNot the same days: NLSI Dec 2025 · OVQ Oct 2026 | +19.2% | −2.9% | 5.0% | 0.0% | +7.9 pts | not measured |
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NLSI
Over the period from its first trade on Dec 10, 2025 to Nov 12, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 13.5%. With every distribution reinvested, the fund returned +19.2%. S&P 500 (SPY) returned +11.3% over the same days, so a holder was ahead by 7.9 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 5.5%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
OVQ
Over the period from its first trade on Oct 23, 2026 to Nov 12, 2026, OVQ paid 0.0% of its starting value in cash distributions while its price fell 2.9%. With every distribution reinvested, the fund returned −2.9%.
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, NLSI against OVQ, data as of Nov 12, 2026. https://etfiq.com/compare/income/nlsi-vs-ovq
ETFIQ. (Nov 12, 2026). NLSI against OVQ. Retrieved from https://etfiq.com/compare/income/nlsi-vs-ovq
[NLSI against OVQ (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/income/nlsi-vs-ovq)
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NLSI and OVQ both write options for income.