Data as of Nov 4, 2026.
ODTE vs OVL: Dividend Yield & Total Return
ODTE and OVL both write options for income.
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Net assets: $2.1m on Nov 3, 2026 for VegaShares SPX NDX RTY Premium Income ETF, and $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF.
Not measured
ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. Data to Nov 4, 2026.
ODTE
+4.5%
8.3% as cash
Total return, distributions reinvested
Not measured
ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. Data to Nov 4, 2026.
ODTE
+4.5%
8.3% of it arrived as cash. Total return, distributions reinvested. ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. 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, 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
ODTE costs 0.11 points a year less.
Points (pts) are percentage points.
| Measure | ODTE | OVL |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +17.2% |
| Price change | fell 7.1% (3 months) | rose 6.6% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 30, 2026 payment | 100% of the Oct 29, 2026 payment |
| Against its benchmark | ||
| Benchmark | its own holdings | Vanguard S&P 500 ETF, measured through VOO |
| Against its benchmark, same days | behind by 0.9 pts | ahead by 2.4 pts |
| Cost and size | ||
| Expense ratio | 0.68% | 0.79% |
| Net assets, ODTE as of Nov 3, 2026 and OVL as of Aug 31, 2026 | $2.1m | $427m |
| Holdings | ||
| Holdings in common | 33% | |
Risk and return
Apr 10, 2026 to Oct 30, 2026 · 29 weekly returnsFrom Apr 2026 to Oct 2026, OVL returned more: +11.6% to −0.4%. OVL fell less at its worst: −4.2% to −8.3%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | ODTE | OVL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −0.4% | +11.6% | OVL | Price change plus distributions, reinvested. |
| Price return | −8.0% | +5.0% | OVL | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −8.3% | −4.2% | OVL | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 29 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ODTE and OVL hold 33% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
33% 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 | ODTE | OVL | ODTE | OVL | ODTE | OVL |
| 3 months | −3.8% | −0.5% | 3.5% | 2.6% | −0.9 pts | −0.4 pts |
| 6 months | −5.4% | +4.4% | 6.7% | 5.2% | not measured | −0.6 pts |
| 1 year | – | +17.2% | – | 9.9% | – | +2.4 pts |
| 3 years | – | +92.6% | – | 23.9% | – | +9.3 pts |
| Since launchNot the same days: ODTE Apr 2026 · OVL Oct 2019 | +4.5% | +204.4% | 8.3% | 51.2% | not measured | +14.4 pts |
– means no data for this window. Open this comparison in the app →
No client brief for this pair: ETFIQ prints no one-year total return for ODTE.
ODTE's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned −2.9% over the same days, so a holder was behind by 0.9 pts.
Over the 3 months to Nov 4, 2026, ODTE paid 3.5% of its starting value in cash distributions while its price fell 7.1%. With every distribution reinvested, the fund returned −3.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 14.0%, paid weekly. VegaShares 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.
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
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, ODTE against OVL, data as of Nov 4, 2026. https://etfiq.com/compare/income/odte-vs-ovl
ETFIQ. (Nov 4, 2026). ODTE against OVL. Retrieved from https://etfiq.com/compare/income/odte-vs-ovl
[ODTE against OVL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/odte-vs-ovl)
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