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Data as of Nov 4, 2026.

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Income ETFs

OARK vs OVL: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OARK paid 33.3% of its price in cash against OVL’s 9.9%, though OVL returned more with it reinvested.

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Net assets: $38m on Nov 3, 2026 for YieldMax Innovation Option Income Strategy ETF, and $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF.

OARK on its own →OVL on its own →
At a glance
33.3%
OARK cash paid, 1 year
9.9%
OVL cash paid, 1 year
−2.6%
OARK total return, 1 year
+17.2%
OVL total return, 1 year
OARK · 1 year to Nov 4, 2026 1.1 pts ahead of ARKK
OARK
−2.6%
ARKK
−3.7%

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

Total return, distributions reinvested

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

33.3% of it arrived as cash. Total return, distributions reinvested. OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
OVL · 1 year to Nov 4, 2026 2.4 pts ahead of VOO
OVL
+17.2%
VOO
+14.8%

2.4 pts ahead of VOO

OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.

VOO

+14.8%

OVL

+17.2%

9.9% of it arrived as cash

2.4 pts ahead of VOO

Total return, distributions reinvested

2.4 pts ahead of VOO

OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.

VOO

+14.8%

OVL

+17.2%

2.4 pts ahead of VOO

9.9% of it arrived as cash. Both charts share one scale, with zero at the line. OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

OVL costs 0.21 points a year less; their one-year returns differ by 19.8 points.

Points (pts) are percentage points.

OARK vs OVL: Dividend Yield & Total Return
MeasureOARKOVL
Paid and earned
Total return, 1 year−2.6%+17.2%
Price change, 1 yearfell 36.6%rose 6.6%
Return of capital, issuer estimate100% of the Oct 29, 2026 payment
Against its benchmark
BenchmarkARK Innovation ETF, measured through ARKKVanguard S&P 500 ETF, measured through VOO
Cost and size
Expense ratio1.00%0.79%
Net assets, OARK as of Nov 3, 2026 and OVL as of Aug 31, 2026$38m$427m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · OVL scores higher How much of what it paid out did its total return cover?
IQ Income Score15.3OARK81.7OVL

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

0.3, the lowest in this set 99.7, the highest

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 →

Method

What they share

0%

By the books each fund has filed, OARK and OVL hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first OARK OVL
Only in one fund ↓
Only in OARK
United States Treasury Note/Bond 3.375% 09/15/2027 31.70%
United States Treasury Note/Bond 2.375% 05/15/2027 25.99%
2ARKK US 11/20/26 C85.01 FLX 1.48%
ARKK US 11/06/26 C83 0.25%
ARKK US 11/06/26 C84 0.07%
ARKK US 11/06/26 C82 -0.16%
ARKK US 11/06/26 C81 -0.68%
2ARKK US 11/20/26 P85.01 FLX -7.39%
Only in OVL
Vanguard S&P 500 ETF 99.97%
Check overlap with more funds →

Side by side

OARK YieldMax Innovation Option Income Strategy ETF · Synthetic covered call on ARKK, paying weekly OVL Overlay Shares Large Cap Equity ETF · Put-selling overlay on VOO, paying monthly
Issuer YieldMax Overlay Shares
Strategy synthetic covered call put-selling overlay
Benchmark ARK Innovation ETF (ARKK) Vanguard S&P 500 ETF (VOO)
Pays weekly monthly
Payout rate, annualized 31.8% 10.6%
Expense ratio 1.00% 0.79%
Cash paid, 1 year 33.3% 9.9%
Price change, 1 year −36.6% +6.6%
Total return, 1 year −2.6% +17.2%
Benchmark return, 1 year −3.7% +14.8%
Ahead or behind +1.1 pts +2.4 pts
Return of capital, latest estimate not published 100%
Age 3.9 years 7.1 years
Net assets, OARK as of Nov 3, 2026 and OVL as of Aug 31, 2026 $38m $427m

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

Window by window: OARK vs OVL: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowOARKOVLOARKOVLOARKOVL
3 months+1.6%−0.5%8.3%2.6%−3.9 pts−0.4 pts
6 months−2.3%+4.4%17.8%5.2%−3.3 pts−0.6 pts
1 year−2.6%+17.2%33.3%9.9%+1.1 pts+2.4 pts
3 years+62.6%+92.6%95.8%23.9%−36.1 pts+9.3 pts
Since launchNot the same days: OARK Nov 2022 · OVL Oct 2019+47.8%+204.4%90.4%51.2%−75.3 pts+14.4 pts

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About each fund
OARK

Over the year to Nov 4, 2026, OARK paid 33.3% of its starting value in cash distributions while its price fell 36.6%. With every distribution reinvested, the fund returned −2.6%. ARK Innovation ETF (ARKK) returned −3.7% over the same days, so a holder was ahead by 1.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.8%, paid weekly.

OVL

Over the year to Nov 4, 2026, OVL paid 9.9% of its starting value in cash distributions while its price rose 6.6%. With every distribution reinvested, the fund returned +17.2%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was ahead by 2.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.6%, 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

Which paid more, OARK or OVL?
Over the year to Nov 4, 2026, OARK paid 33.3% of its starting price in cash and OVL paid 9.9%, so OARK paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, OARK or OVL?
With every distribution reinvested, OARK returned −2.6% and OVL +17.2% over the year to Nov 4, 2026.
Which is cheaper, OARK or OVL?
OARK charges 1.00% a year and OVL charges 0.79%, so OVL is cheaper. Fees come from each fund's prospectus.
Other comparisons
OARK vs TSPYOARK vs XPAYOARK vs OVLHOARK vs XIJNOVL vs QQDHOVL vs RECIOVL vs TMGNOVL vs VOOY
Where to next
ARK Innovation ETF (ARKK) →Vanguard S&P 500 ETF (VOO) →OARK on its own →OVL on its own →OARK dividend history →OARK holdings →OVL dividend history →OVL holdings →Method →Standards and sources →
Sources and dates
OARK filings on SEC EDGAR ↗
OARK prospectus with the expense ratio (SEC) ↗
OARK 19a-1 distribution notice ↗
YieldMax page for OARK ↗
OVL filings on SEC EDGAR ↗
OVL prospectus with the expense ratio (SEC) ↗
OVL 19a-1 distribution notice ↗
Overlay Shares website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, OARK against OVL, data as of Nov 4, 2026. https://etfiq.com/compare/income/oark-vs-ovl

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.