Data as of .
ODTE vs OVL: which paid, and which earned it?
ODTE and OVL both write options for income.
What they hold in common
By the books each fund has filed, ODTE and OVL hold 33% of their money in the same securities at the same weight.
| Holding | ODTE | OVL |
|---|---|---|
| Vanguard S&P 500 ETF | 33.27% | 100.00% |
| Only in ODTE | Only in OVL |
|---|---|
| Invesco Nasdaq 100 ETF 33.70% | |
| Vanguard Russell 2000 ETF 33.03% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| ODTE | OVL | ODTE | OVL | ODTE | OVL | |
| 3 months | −4.8% | +2.3% | 3.4% | 2.6% | −7.0 pts | 0.0 pts |
| 6 months | not published | +18.8% | not published | 5.7% | not published | +0.7 pts |
| 1 year | not published | +19.2% | not published | 8.9% | not published | +2.6 pts |
| 3 years | not published | +86.2% | not published | 21.1% | not published | +7.8 pts |
| Since launch | +6.2% | +203.4% | 6.7% | 47.2% | −10.5 pts | +16.1 pts |
| ODTE VegaShares SPX NDX RTY Premium Income ETF Covered call on SPY, paying weekly | OVL Overlay Shares Large Cap Equity ETF Put-selling overlay on SPY, paying monthly | |
|---|---|---|
| Issuer | VegaShares | Overlay Shares |
| Strategy | covered call | put-selling overlay |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 14.1% | 10.4% |
| Expense ratio | 0.68% | not published |
| Cash paid, 1 year | 6.7% (since launch on Apr 2, 2026) | 8.9% |
| Price change, 1 year | −0.3% | +9.4% |
| Total return, 1 year | +6.2% (since launch on Apr 2, 2026) | +19.2% |
| Benchmark return, 1 year | +16.7% | +16.6% |
| Ahead or behind | −10.5 pts | +2.6 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 169 days | 2544 days |
| Net assets | $3m | $276m |
ODTE in plain words
Over the period since launch on Apr 2, 2026 to Sep 18, 2026, ODTE paid 6.7% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +6.2%. S&P 500 (SPY), used as a default proxy returned +16.7% over the same days, so a holder was behind by 10.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 14.1%, paid weekly.
OVL in plain words
Over the year to Sep 18, 2026, OVL paid 8.9% of its starting value in cash distributions while its price rose 9.4%. With every distribution reinvested, the fund returned +19.2%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 2.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 10.4%, paid monthly.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ODTE against OVL, data as of Sep 18, 2026. https://etfiq.com/compare/income/odte-vs-ovl Free to use with attribution; the underlying files are at Open data.