Data as of Nov 4, 2026.
OCTJ vs OVL: Dividend Yield & Total Return
Over the year to Nov 4, 2026, OVL paid 9.9% of its price in cash against OCTJ’s 5.3%, and returned more with it reinvested.
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Net assets: $15m on Nov 4, 2026 for Innovator Premium Income 30 Barrier ETF - October, and $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF.
9 pts behind SPY
OCTJ over 1 year: paid 5.3%, price +0.3%, total +5.8%, SPY +14.8%, −9.0 pts. Data to Nov 4, 2026.
SPY
+14.8%
OCTJ
+5.8%
5.3% of it arrived as cash
9 pts behind SPY
Total return, distributions reinvested
9 pts behind SPY
OCTJ over 1 year: paid 5.3%, price +0.3%, total +5.8%, SPY +14.8%, −9.0 pts. Data to Nov 4, 2026.
SPY
+14.8%
OCTJ
+5.8%
9 pts behind SPY
5.3% of it arrived as cash. Total return, distributions reinvested. OCTJ over 1 year: paid 5.3%, price +0.3%, total +5.8%, SPY +14.8%, −9.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.2.4 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%
9.9% cash
2.4 pts ahead of VOO
9.9% of it arrived as cash. Both charts share one scale, 0 to +17.2%. OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +17.2%. Data to Nov 4, 2026.Pair scorecard
Both cost 0.79% a year; their one-year returns differ by 11.4 points.
Points (pts) are percentage points.
| Measure | OCTJ | OVL |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +5.8% | +17.2% |
| Price change, 1 year | rose 0.3% | rose 6.6% |
| Return of capital, issuer estimate | 36% of the Oct 2, 2026 payment | 100% of the Oct 29, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Vanguard S&P 500 ETF, measured through VOO |
| Against its benchmark, same days | behind by 9.0 pts | ahead by 2.4 pts |
| Cost and size | ||
| Expense ratio | 0.79% | 0.79% |
| Net assets, OCTJ as of Nov 4, 2026 and OVL as of Aug 31, 2026 | $15m | $427m |
| Holdings | ||
| Holdings in common | 0% | |
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 →
What they share
By the books each fund has filed, OCTJ and OVL hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
0% 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 | OCTJ | OVL | OCTJ | OVL | OCTJ | OVL |
| 3 months | +1.0% | −0.5% | 1.3% | 2.6% | +1.2 pts | −0.4 pts |
| 6 months | +2.4% | +4.4% | 2.6% | 5.2% | −2.7 pts | −0.6 pts |
| 1 year | +5.8% | +17.2% | 5.3% | 9.9% | −9.0 pts | +2.4 pts |
| 3 years | +18.1% | +92.6% | 17.0% | 23.9% | −64.8 pts | +9.3 pts |
| Since launchNot the same days: OCTJ Oct 2023 · OVL Oct 2019 | +19.6% | +204.4% | 17.2% | 51.2% | −66.5 pts | +14.4 pts |
OCTJ
Over the year to Nov 4, 2026, OCTJ paid 5.3% of its starting value in cash distributions while its price rose 0.3%. With every distribution reinvested, the fund returned +5.8%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 9.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.3%, paid quarterly. Innovator estimates that 36% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
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).
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, OCTJ against OVL, data as of Nov 4, 2026. https://etfiq.com/compare/income/octj-vs-ovl
ETFIQ. (Nov 4, 2026). OCTJ against OVL. Retrieved from https://etfiq.com/compare/income/octj-vs-ovl
[OCTJ against OVL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/octj-vs-ovl)
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