Which paid more, OEI or OVLH?

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting price in cash and OVLH paid 0.3%, so OEI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, OEI or OVLH?

With every distribution reinvested, OEI returned +12.9% and OVLH +7.0% over the year to Nov 4, 2026.

Which is cheaper, OEI or OVLH?

OEI charges 1.02% a year and OVLH charges 0.80%, so OVLH is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

OEI vs OVLH: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OEI paid 9.2% of its price in cash against OVLH’s 0.3%, and returned more with it reinvested.

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Net assets: $46m on Jul 31, 2026 for Optimized Equity Income ETF, and $109m on Aug 31, 2026 for Overlay Shares Hedged Large Cap Equity ETF.

OEI on its own →OVLH on its own →

At a glance

9.2%

OEI cash paid, 1 year

0.3%

OVLH cash paid, 1 year

+12.9%

OEI total return, 1 year

+7.0%

OVLH total return, 1 year

OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY

OEI

+12.9%

SPY

+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% cash

1.9 pts behind SPY

9.2% of it arrived as cash. Total return, distributions reinvested. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

OVLH · 1 year to Nov 4, 2026 7.8 pts behind VOO

OVLH

+7.0%

VOO

+14.8%

7.8 pts behind VOO

OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

OVLH

+7.0%

7.8 pts behind VOO

Total return, distributions reinvested

7.8 pts behind VOO

OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

OVLH

+7.0%

7.8 pts behind VOO

0.3% of it arrived as cash. Both charts share one scale, 0 to +14.8%. OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

OVLH costs 0.22 points a year less; their one-year returns differ by 5.9 points.

Points (pts) are percentage points.

OEI vs OVLH: Dividend Yield & Total Return
Measure	OEI	OVLH
Paid and earned
Measure	OEI	OVLH
Total return, 1 year	+12.9%	+7.0%
Price change, 1 year	rose 3.0%	rose 6.7%
Return of capital, issuer estimate		38% of the Dec 29, 2023 payment
Against its benchmark
Measure	OEI	OVLH
Benchmark	S&P 500, measured through SPY	Vanguard S&P 500 ETF, measured through VOO
Cost and size
Measure	OEI	OVLH
Expense ratio	1.02%	0.80%
Net assets, OEI as of Jul 31, 2026 and OVLH as of Aug 31, 2026	$46m	$109m
Holdings
Measure	OEI	OVLH
Holdings in common	0%

ETFIQ Distribution Coverage Score · OVLH scores higher How much of what it paid out did its total return cover?

IQ Income Score75.7OEI99.7OVLH

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

OEI 75.7

OVLH 99.7

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

By the books each fund has filed, OEI and OVLH hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first OEI OVLH

Only in one fund ↓

Only in OEI

NVIDIA Corp 8.22%

Microsoft Corp 5.93%

Amazon.com Inc 4.51%

Apple Inc 4.23%

Alphabet Inc 3.44%

Broadcom Inc 3.01%

Alphabet Inc 2.76%

Micron Technology Inc 2.54%

Only in OVLH

Vanguard S&P 500 ETF 97.79%

Check overlap with more funds →

Side by side

OEI Optimized Equity Income ETF · Option income on SPY, paying monthly OVLH Overlay Shares Hedged Large Cap Equity ETF · Put-selling overlay, hedged on VOO, paying annually

Issuer Core Alternative Overlay Shares

Strategy option income put-selling overlay, hedged

Benchmark S&P 500 (SPY) Vanguard S&P 500 ETF (VOO)

Pays monthly annual

Payout rate, annualized 9.6% 0.3%

Expense ratio 1.02% 0.80%

Cash paid, 1 year 9.2% 0.3%

Price change, 1 year +3.0% +6.7%

Total return, 1 year +12.9% +7.0%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −1.9 pts −7.8 pts

Return of capital, latest estimate not published 38%

Age 1.0 years 5.8 years

Net assets, OEI as of Jul 31, 2026 and OVLH as of Aug 31, 2026 $46m $109m

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: OEI vs OVLH: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	OEI	OVLH	OEI	OVLH	OEI	OVLH
3 months	+3.3%	−1.4%	2.4%	0.0%	+3.4 pts	−1.3 pts
6 months	+6.3%	+1.6%	4.7%	0.0%	+1.3 pts	−3.5 pts
1 year	+12.9%	+7.0%	9.2%	0.3%	−1.9 pts	−7.8 pts
3 years	–	+58.6%	–	1.7%	–	−24.8 pts
Since launchNot the same days: OEI Oct 2025 · OVLH Jan 2021	+15.0%	+73.9%	9.4%	3.2%	−1.1 pts	−47.2 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, paid monthly.

OVLH

Over the year to Nov 4, 2026, OVLH paid 0.3% of its starting value in cash distributions while its price rose 6.7%. With every distribution reinvested, the fund returned +7.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 7.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 0.3%, paid annually. Overlay Shares estimates that 38% of the distribution paid Dec 29, 2023 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, OEI or OVLH?: Over the year to Nov 4, 2026, OEI paid 9.2% of its starting price in cash and OVLH paid 0.3%, so OEI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, OEI or OVLH?: With every distribution reinvested, OEI returned +12.9% and OVLH +7.0% over the year to Nov 4, 2026.
Which is cheaper, OEI or OVLH?: OEI charges 1.02% a year and OVLH charges 0.80%, so OVLH is cheaper. Fees come from each fund's prospectus.

Other comparisons

OEI vs OVL OEI vs XISE OEI vs XIMR OEI vs XIDE OVLH vs XRMI OVLH vs WDTE OVLH vs XYLG OVLH vs XSPI

Where to next

S&P 500 (SPY) →Vanguard S&P 500 ETF (VOO) →OEI on its own →OVLH on its own →OEI dividend history →OEI holdings →OVLH dividend history →OVLH holdings →Method →Standards and sources →

Sources and dates

OEI and OVLH filings on SEC EDGAR ↗

OEI prospectus with the expense ratio (SEC) ↗

Core Alternative website ↗

OVLH prospectus with the expense ratio (SEC) ↗

OVLH 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, OEI against OVLH, data as of Nov 4, 2026. https://etfiq.com/compare/income/oei-vs-ovlh

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